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Millennials were told the 2008 recession was a “once in a generation” economic crisis. Almost two decades later, déj vu has struck. While the U.S. market rose following President Trumps decision to pause global tariffs on most countriesand global banks reset their recession risk assessmentslingering fears of economic collapse are driving millennials to TikTok, where theyre passing down survival tips to Gen Z. “We don’t panic during recessions, we prepare for them,” content creator and marketer Itzett Romero said on TikTok. “Listen to your millennial friends.” @itzettromero #recession #fyp #stockmarket #stockmarketcrash #politics #economy #shoppingtips #millennial #latinacontentcreator #latinos #latinas #mexicanamerican original sound – itzettromero Romero advised her 70,000 followers to “make alliances” by sharing the cost of subscriptions and bulk grocery items with friends and neighbors. “Cannot stress buying bulk and buying EARLY,” a user commented on Romero’s video. “You don’t want to be in the store when everyone is panicking.” In a separate video, TikTok user @yaptrapped, who graduated college in 2011, also emphasized sharing. “Make friends because you can share a lot,” she said. “We survived a long time like that.” @yaptrapped Just my thoughts. #recession #millennial original sound – yaptrapped Financial advice was also widely shared across various videos. In one video, TikTok creator Rach to Riches advised that people “Build up your emergency fund, you should have three to six months of living expenses saved.” Separately, Saprina Danise, a creator focused on personal finance, said she will scale back her retirement contributions. “Anything above my minimal contribution I am diverting into my emergency fund for the foreseeable future,” she said in a video. @moneywithsaprina Replying to @FAM_embroidery heres what Im doing with my money right now Avoid Copyright – Wolf Other popular tips offered budget-friendly recipes and grocery shopping strategies. Advice included checking your fridge before heading to the store, meal-prepping with whats already in the pantry, buying meat in bulk to freeze, stocking up on shelf-stable goods like canned tuna, and cooking from scratch using dry ingredients like beans. Other millennial creators took a separate approach, simply sharing a glimpse of what life during 2008 looked like. “Working crappy retail jobs, making just barely above minimum wage, living at home with my parents,” user @sellingnwa shared on her TikTok. “On the weekends I was putting on business casual outfits and going to house parties.” She explained how jungle juicea cheap liquor concoctionwas served with no food. @sellingnwa 2008 what a time to be alive #recession #2008recession #millennial original sound – Stephanie
Category:
E-Commerce
Senators including Elizabeth Warren of Massachusetts and Chuck Schumer of New York signed a letter on Friday asking the Securities and Exchange Commission (SEC) to investigate President Trump. The move comes after the presidents April 9 Truth Social post in which he told followers it was a GREAT TIME TO BUYjust hours before announcing a 90-day pause on the sweeping international tariffs that hed enacted just days earlier. The letter urges the SEC to determine if any administration officials or insiders engaged in insider trading, market manipulation, or other securities laws violations. It also comes following a video filmed in the Oval Office of Trump explaining how much several of his guests made in the market on Wednesday. He made $2.5 billion today and he made $900 million. Thats not bad, Trump said in the video, posted by More Perfect Union on X, pointing out his friend and investor Charles Schwab as one of the beneficiaries of the intense gains the stock market made on Wednesday. U.S. stocks rose at record-breaking speeds on Wednesday as Trump paused some of his tariffs. The S&P 500 surged 9.5% in response to his announcement, marking the third-best day for the index since 1940. Questions around SEC’s ability to pursue enforcement The senators letter, addressed to SEC Chairman Paul Atkins, also poses a series of questions, including about cutbacks in staff and enforcement activity at the SEC. The questions ask explicitly about the SECs ability to monitor and respond to large-scale market events and “investigate and pursue enforcement actions. Warren posted a tweet Friday morning concerning the investigation request. Did President Trump tip off big donors or family to cash in on his tariff chaos? she wrote. Today with @SenSchumer and Senate Democrats, I officially called for an SEC investigation to find out. Presidents are not kings. Jordan Belfort, a former Wall Street stockbroker and convicted financial criminal known as the Wolf of Wall Street, told Sky News that theres no way Trump is guilty of illegal insider trading. I personally dont find it overly suspicious. Especially since hes told it to everybody at once, Belfort said in a segment of The World. White House spokesperson Kush Desai responded to Fast Companys inquiry with the following statement: It is the responsibility of the President of the United States to reassure the markets and Americans about their economic security in the face of nonstop media fearmongering, Desai said. Democrats railed against Chinas cheating for decades, and now theyre playing partisan games instead of celebrating President Trumps decisive action [Wednesday] to finally corner China. A spokesperson for the SEC declined to comment. On Thursday, Senators Adam Schiff of California and Ruben Gallego of Arizona also sent a letter, this one to White House Chief of Staff Susan Wiles and U.S. Office of Government Ethics Acting Director Jamieson Greer, requesting an urgent inquiry into whether President Trump, his family, or other members of the administration engaged in insider trading or other illegal financial transactions. A list of questions requesting information about alleged ethical violations by White House administration or members of Trumps family follows, with a deadline of April 18.
Category:
E-Commerce
On a panel this week, U.S. secretary of education Linda McMahon, the former WWE CEO who is now charged with making sweeping decisions for 100 million American school children, repeatedly referred to AI technology as A1. For McMahon, who was speaking at the ASU+GSV Summit for educators, it was an embarrassing mistake. But for Kraft Heinzs A.1. steak sauce, it was basically free product placementand the brand didnt hesitate to take its cut. McMahons first slip-up occurred when she shared an anecdote with the audience about a school system that’s going to start making sure that first graders, or even pre-Ks, have A1 teaching in every year. Matters only got worse when she continued, Kids are sponges. They just absorb everything. It wasn’t all that long ago that it was, We’re going to have internet in our schools! Now let’s see A1 and how that can be helpful. Maybe it can make the cafeteria meatloaf tastier? A.1. was thinking along the same lines. The brand jumped on Instagram yesterday with a spoofed ad for a McMahon-inspired A.1. bottle, complete with a photoshopped version of the sauce with the label For educational purposes only accompanied by the slogan, Agree, best to start them early. The post was captioned, You heard her. Every school should have access to A.1. Heinz is no stranger to thinking up limited-edition novelty goods, from its neon pink Barbie-cue sauce to a Taylor Swift-inspired ranch and portable Velveeta packets. However, this is the first time (to Fast Companys knowledge) that the company has used its stunt marketing resumé to make a jab at a political figure. So far, A.1.s loyal fans seem to be in support of its new sauce. My husband wants a bottle for his desk, one commenter wrote under the brands post. He teaches middle school, at least until they replace him with A.1. View this post on Instagram A post shared by A.1. Original Sauce (@a1originalsauce)
Category:
E-Commerce
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