Economy

HIFIs are predominantly made up of millennials and Gen Zers who want to exude quiet luxury but can't keep up with their lifestyle creep.

China's property market was still struggling as April new-home prices fell at their fastest pace in more than nine years.

"Inflation may not go away the way people expect it to," the JPMorgan CEO said, adding: "There are a lot of inflationary forces in front of us."

American consumers - the backbone of the resilient US economy in recent years - appear to be winding down their wild spending spree.

The firm says inflation is being driven by a strong consumer, which makes the current situation less perilous than past stagflation threats.

Inflation is cooling just in time for a US presidential election that will likely focus heavily on the economy.

Fed Chair Jerome Powell said his confidence inflation will slow "is not as high as it was," meaning rate cuts likely won't come until later this year.

April Schultz and her husband earn a gross income of $130,000, but it's not enough for their family of 7 to afford anything beyond the basics.

The CEO of Sila, a battery materials startup, says delaying graphite tariffs will slow investment in US battery supply chains.

India will be a USD 4 trillion economy in 2024-25 and surpass Japan by early next fiscal to become the world's fourth largest economy, Economic Advisory Council to the Prime Minister (EAC-PM) member Sanjeev Sanyal said on Thursday. Sanyal further said that a 7 per cent economic growth rate will be a 'very good' growth rate for India, given various constraints, including the country's weak exports.

Student-loan borrowers now have until June 30 to consolidate their loans and get the one-time account adjustments, moving closer to forgiveness.

"We should count our blessings, be strategic, be very thoughtful, fully engage with China. They're not an enemy — but they're competing."

Cathy, a 63-year-old clerical worker in Minnesota, fears she may never be able to fully retire, even though she's worked her entire life.

The Consumer Price Index increased by 3.4% in April from a year ago, matching the forecast.

Walmart and UPS offer six-figure salaries and lucrative benefits. White-collar workers, meanwhile, are facing layoffs and AI overlords.

Soaring prices and borrowing costs mean people are spending nearly every dollar they have just to stay afloat, top economist Stephanie Pomboy said.

A new Deloitte report found that the cost of living is a key reason millennials and Gen Z are choosing to forego higher education.

The next recession has likely been postponed by the trillions of dollars of stimulus spent during the pandemic, one Wall Street vet says.

A researcher at the think tank CEPA wrote that the war is sapping Russia's economy, leaving economic policymakers with little room to maneuver.

One-fifth of food delivery accounts from services like DoorDash and Uber Eats have been targeted by hackers, Sift said — more than other industries.

Half of Americans living in deep poverty are childfree adults because it's harder to access certain tax and government assistance without kids.

It'll take at least a $100,000 salary to convince Americans with a degree to change jobs, New York Fed survey finds.