
Fed to no longer police 'reputational risk' in banks
The Fed said in a statement it was removing references to that risk in its supervisory manuals and other documents, and directing examiners to focus on specific financial risks. The Fed had defined reputational risk as the potential for negative publicity to hurt a bank's business or lead to costly litigation.
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Daily Mail
40 minutes ago
- Daily Mail
International buyers scoop up properties in Texas despite housing crash
A handful of cities in Texas are grabbing the attention of international buyers, who are coming mainly from India, China, and Mexico to find low prices amid a possible housing crash. Houston, Austin, and San Antonio all made the list of destinations where homebuyers from around the world are purchasing investment properties, second homes for their kids, or a home they will retire in. Houston was the number 5 most searched US city by non-US consumers throughout the month of April, according to a new report from International demand also grew noticeably in Austin, Dallas and San Antonio. None of the metros appeared in the top rankings for international buyers last year. 'The growing appeal of Texas markets to international buyers signals a noteworthy regional shift in investment focus,' said Danielle Hale, Realtor's chief economist. International buyers see Texas as a place for a long-term investment due to its lower cost of living and lack of state income tax. Many high-profile businesses have also relocated to the state, which has led to economic growth, job creation, infrastructure development and housing demand. Texas' cultural diversity and easy international travel connections also help its global appeal. For instance, San Antonio landed in the top destinations for Mexican homebuyers due to its proximity to the US-Mexico border. 'Mexican buyers likely tend to favor US border cities because of their proximity to home, strong cultural and language connections, established family and business networks, and easier access to education, healthcare and cross-border travel —making these areas both practical and familiar for living and investment,' said Hale. Texas realtor Cesar Amezcua explained the appeal of the Lone Star State — in particular San Antonio. 'We are just two hours from Mexico's border. We're literally 156 miles from the closest border town so we have always had a big influx of people from foreign nations, especially from Mexico,' he told the Daily Mail. Amezcua says a mix of buyers are using the purchases as investments to rent out, for their college age kids to live in, of for themselves as a main home. 'Some use it while they stay in the US for a couple weeks, other people use it for their children who want to go to college,' he said. 'They often work for big corporations in the technology sector, and they're always looking for the best schools.' International buyers have also been looking at buying in Houston, which is reinventing itself as a booming tech hotspot. Apple and Nvidia are leading the push with new AI factories in the city, which is set to create jobs, develop real estate and solidify Houston's future as America's next tech city. Amezcua added that the diverse culture in many Texas cities is often what draws international buyers too. 'There's plenty of nightlife depending on what it is that you're looking for,' Amezcua added. 'There are upscale restaurants and bars and cocktail places. 'We really are spoiled here in San Antonio. There's a little bit of everything because we're such a such a diverse town. For food, there's Peruvian, Colombian, Indian, Mexican, Tex-Mex, American Continental — you name it, we have it.' Amezcua says a buyer could likely get a three-bedroom, two-bath, two-car garage for anywhere between $250,000 and $300,000 in the city. 'For that you're going to end up in a nice neighborhood with nice amenities like water parks and pools,' he said. Meanwhile, Texas has the most cities which have seen falling house prices over the last year. From April 2024 to April 2025, San Antonio saw prices drop 1.8 percent. Austin has seen a 1.2 percent fall, Dallas is down 0.8 percent and Fort Worth has dropped 0.2 percent. Texas became a boom state during the pandemic due to its warm weather, low tax rates and affordable housing compared to major coastal cities. For Americans, places like Dallas and Austin were once seen as affordable alternatives to high-cost cities like San Francisco and New York. But prices are now on the way down — in part due to the increasing frequency and intensity of climate disasters such as hurricanes. This has led to skyrocketing insurance premiums and rising HOA costs across many major cities.


Daily Mail
an hour ago
- Daily Mail
Amount you need for a 'minimum quality of life' in America
A family of four needs to earn over $100,000 a year just to maintain a "minimal" quality of life in the land of the American Dream — yet less than half of U.S. households can afford to reach that threshold. A recent study by the Ludwig Institute for Shared Economic Prosperity explored what it takes for Americans to maintain a "minimal quality of life" (MQL) — defined as the ability to afford basic necessities like housing, food, healthcare, and modest leisure activities. But the results revealed that the bottom 60 percent of households across the country fall far short of the income needed to reach even the baseline. Over the past two decades alone, the study found that the cost of living in the U.S. has nearly doubled — soaring by a staggering 99.5 percent. A single working adult with no children needs nearly $45,000 a year just to cover basic living expenses, while a working couple with two children must shell out a staggering $120,302 annually just to meet essential needs. 'The MQL reveals the harsh reality that the American Dream, with its promises of well-being, social connection, and advancement, is out of reach for many,' the study's conclusion read. 'Rising costs in essential areas like housing, healthcare, and education significantly outpace wage growth, leaving millions struggling to attain even a minimal quality of life.' The sobering study, published in May, put the American Dream under a harsh spotlight — asking whether the reality of today's economy still lives up to the promise of a fulfilling life for those who work hard. To get to the truth, the institute zeroed in on what it calls a 'minimal quality of life' — a no-frills basket of must-have goods and services that cover everyday expenses, letting families live decently and build a better future. The essentials factored in included raising a family, housing, transportation, healthcare, food, technology, clothing, and basic leisure — the core building blocks of everyday life. Leisure costs were defined as simple 'free-time' activities — including access to cable TV and streaming services, plus enough money for six movie tickets and two baseball game tickets annually. 'The MQL Index goes beyond traditional cost-of-living measures to provide a more comprehensive understanding of what it takes to secure a foothold on the bottom rung of the American Dream ladder and have a real opportunity to climb it over time,' the authors explained. However, the study painted a grim, harsh reality: the American Dream is slipping away, already out of reach for more than half of the country's lower-income households. The culprit? Soaring costs across nearly every aspect of life over the past two decades. Shockingly, more than half of Americans can't even afford something as critical as a $2,000 medical emergency, the study revealed. Since 2001, the costs of housing and healthcare needed to maintain even a baseline quality of life have skyrocketed — soaring by 130 percent and 178 percent respectively. This crisis is clearly reflected in the growing number of young adults still living with their parents — with the percentage of 25- to 34-year-olds in multigenerational households jumping from just 9 percent in 1971 to 25 percent by 2021. The number of Americans delaying medical treatment hit a record high in 2022, with 38 percent admitting they put off care due to the cost — a troubling sign of just how unaffordable basic health needs have become. More than half of U.S. adults — specifically 53 percent — have reportedly delayed major life goals due to financial hardships. Lower-income workers often turn to convenient options like eating out — but even that has become a luxury. Since 2001, the cost of dining out has skyrocketed by 134 percent, outpacing overall food price increases by a staggering 92 percent. Grocery store prices have surged even more dramatically, jumping by 24.6 percent since 2019 — putting even basic meals further out of reach for many families. Raising a family is yet another area hit hard by rising costs, making it increasingly difficult for even a small, traditional household to reach the minimal standard of living. Daycare costs have skyrocketed by more than 130 percent since 2001, the study revealed. Meanwhile, the price of year-round care for school-aged children has surged 106 percent over the past two decades — placing an even greater burden on working families. Since 2001, the average amount needed to attend an in-state college has soared by 122 percent, while even the cost of a simple trip has jumped 35 percent just since 2019. 'I get tired of the "Stop your Starbucks latte habit" advice, because in reality it's not people's fault,' financial planner Laura Lynch told CNBC in regard to the study. 'The structures around us have created an expectation of a lifestyle that is increasingly becoming unreachable for folks,' she added.


Geeky Gadgets
an hour ago
- Geeky Gadgets
New Google AI Studio 2025 Updates : Everything You Need to Know
What if you could turn your boldest ideas into reality with just a few clicks? Imagine a platform so advanced, it doesn't just keep up with the future—it defines it. Enter Google AI Studio 2025, a new toolkit that's reshaping how developers, creators, and innovators approach artificial intelligence. With its multimodal capabilities and professional-grade tools, this isn't just another AI platform—it's the ultimate playground for those ready to push boundaries. Whether you're designing interactive applications, generating stunning media, or analyzing complex data, Google AI Studio 2025 promises to make the impossible feel effortless. In this comprehensive overview, the AI Driven Mindset team explore what sets Google AI Studio 2025 apart and how it's empowering users to create like never before. From its innovative Gemini 2.5 Pro models to customizable features like temperature control and generative media kits, this platform is packed with tools that cater to both technical precision and creative freedom. But that's just the beginning. What makes this platform truly innovative? How does it balance innovation with responsible AI use? Let's uncover how Google AI Studio 2025 is not just a tool but a fantastic option for the next wave of AI-driven innovation. Google AI Studio 2025 Overview What Sets Google AI Studio 2025 Apart Google AI Studio 2025 distinguishes itself from consumer-oriented tools like the Gemini app by focusing on professional-grade functionality. It is specifically designed to help you develop sophisticated, AI-powered applications with ease. The platform's multimodal capabilities enable it to process and interpret diverse inputs, including text, images, and audio, making it a versatile solution for a wide array of projects. At the heart of the platform are advanced AI models such as Gemini 2.5 Pro and Gemma. These models are engineered to deliver powerful and adaptable solutions tailored to your development needs. Additionally, the platform's seamless API key integration allows you to incorporate AI functionalities into your projects effortlessly, allowing you to focus on innovation rather than technical complexities. Core Features That Enhance Development Google AI Studio 2025 offers a robust suite of features designed to streamline and enhance your development experience. Key highlights include: Advanced AI Models: Use Gemini 2.5 Pro and Gemma for innovative performance and adaptability. Use Gemini 2.5 Pro and Gemma for innovative performance and adaptability. Customizable Settings: Adjust model behavior with features like temperature control and thinking budget configuration to align with your project's specific needs. Adjust model behavior with features like temperature control and thinking budget configuration to align with your project's specific needs. API Key Integration: Easily integrate AI capabilities into external applications for seamless functionality. These features provide the flexibility to customize your applications for diverse use cases, whether you're developing business tools, educational platforms, or entertainment solutions. Google AI Studio 2025 Update Watch this video on YouTube. Find more information on Google AI Studio by browsing our extensive range of articles, guides and tutorials. Interaction Modes Tailored to Your Needs The platform supports multiple interaction modes, making sure adaptability to a wide range of project requirements. These modes include: Chat Mode: Ideal for conversational AI applications, this mode supports text-based interactions, file uploads, and URL-based content analysis to enhance user engagement. Ideal for conversational AI applications, this mode supports text-based interactions, file uploads, and URL-based content analysis to enhance user engagement. Stream Mode: Designed for real-time interactivity, it includes webcam integration, screen sharing, and live guidance, making it perfect for collaborative or instructional tools. Designed for real-time interactivity, it includes webcam integration, screen sharing, and live guidance, making it perfect for collaborative or instructional tools. Generative Media Kit: Unlock creative potential with tools for generating images, speech, music, and videos, allowing innovative content creation. These interaction modes allow you to tailor the platform's capabilities to your project's goals, whether you aim to improve user experience, streamline workflows, or explore creative possibilities. Generative Media: Expanding Creative Horizons One of the standout features of Google AI Studio 2025 is its generative media capabilities. Using the Imagine 4 model, you can produce high-quality images based on user prompts, offering unparalleled creative flexibility. The platform also supports advanced speech synthesis, featuring multi-speaker and customizable voice options to create natural and engaging audio outputs. For music and video production, the platform employs sophisticated AI algorithms to generate content that aligns with your creative vision. These tools are particularly valuable for developers in media production, marketing, and entertainment, allowing you to push the boundaries of what AI can achieve in creative industries. Streamlined Development and Deployment Google AI Studio 2025 simplifies the process of building and deploying AI applications. Whether you're working on interactive games, educational tools, or business applications, the platform supports end-to-end development. Its integration with Google Cloud ensures seamless deployment, allowing you to launch projects with a single click. The platform also supports structured data output, such as JSON formatting, which is essential for applications requiring precise and organized data handling. Additionally, URL-based content analysis enhances its utility by allowing efficient web content retrieval and analysis, further streamlining your development process. Safety and Customization for Responsible AI Use Google AI Studio 2025 prioritizes responsible AI usage by incorporating advanced safety and customization features. These include: Content Filtering: Filter explicit or inappropriate content to ensure compliance with ethical guidelines and maintain professional standards. Filter explicit or inappropriate content to ensure compliance with ethical guidelines and maintain professional standards. Output Control: Adjust output length and model settings for greater control over AI behavior, making sure alignment with project requirements. Adjust output length and model settings for greater control over AI behavior, making sure alignment with project requirements. Custom Configurations: Tailor configurations to meet the specific needs of your project, providing flexibility and precision. These safeguards create a secure and reliable environment for development, giving you confidence in the platform's outputs and its alignment with ethical standards. Empowering the Future of AI Development Google AI Studio 2025 represents a significant leap forward in AI application development. By offering powerful generative AI models, multimodal capabilities, and seamless cloud integration, it equips you with the tools needed to innovate and create. Whether you're building interactive tools, generating media, or analyzing web content, the platform provides the flexibility and power to transform your ideas into reality. With its focus on safety, customization, and ease of use, Google AI Studio 2025 is positioned to become an essential resource for developers worldwide. It is a platform designed not only to meet the demands of today but also to anticipate the challenges and opportunities of tomorrow, empowering you to shape the future of AI-driven innovation. Media Credit: AI Driven Mindset Filed Under: AI, Guides Latest Geeky Gadgets Deals Disclosure: Some of our articles include affiliate links. If you buy something through one of these links, Geeky Gadgets may earn an affiliate commission. Learn about our Disclosure Policy.