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Economy
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Aruni Soni
28 Mar 2024, 21:43
5 major challenges that have China headed for a '100-year storm,' according to billionaire investor Ray Dalio
They include a big debt problem, a growing internal wealth gap, and increasingly fraught foreign relations with the US.
Yuheng Zhan
28 Mar 2024, 21:20
The Fed's rate-cut projections are pointing to an imminent recession, economist says
The Fed doesn't want to say it outright, but its rate forecast is nodding to a recession on the way, according to David Rosenberg.
Catherine Boudreau
28 Mar 2024, 21:20
You're probably throwing out perfectly good food because 'sell by' and 'best before' dates mean nothing. Retailers like Amazon are backing a bill that could change that.
The Agriculture Department estimated that the average family of four loses about $1,500 a year to uneaten food.
Kelli María Korducki
28 Mar 2024, 19:48
Farewell — and good riddance — to the 'typical American family'
The short, troubled reign of the nuclear family has come to an end. But we can replace it with something even better.
Noah Sheidlower
28 Mar 2024, 18:20
A boomer couple left coastal Florida after 3 decades for rural Missouri because the Sunshine State 'is definitely not paradise anymore'
Retired couple Sherry Meaders and James Michael Dunne moved from Florida to rural Missouri, citing Florida's rising insurance costs and population influx.
Cork Gaines
28 Mar 2024, 18:20
Puerto Rican tax breaks are luring wealthy newcomers. A millennial says that's bad news for members of her generation with dreams of careers and homeownership.
Puerto Rico is becoming a popular destination for mainland Americans seeking tax breaks, but an influx of wealth is driving up housing costs.
Jacob Zinkula,Madison Hoff
28 Mar 2024, 18:19
14 college majors where the typical graduate is making at least $100,000 by the middle of their careers
One area of study accounts for nine of the 14 highest-paying college majors, per the New York Fed's analysis of typical mid-career wages.
Madison Hoff
28 Mar 2024, 18:19
The top places in the US where everyone is moving
A few big Texas counties had especially high positive net domestic migration rates. A lot of California places saw negative net domestic migration.
Yuheng Zhan
28 Mar 2024, 18:15
Ships carrying Russian diesel are idling off of Brazil in the latest hold-up for Moscow's energy flows
Russia has admitted recently that secondary sanctions from the West are choking its energy exports.
Huileng Tan
28 Mar 2024, 17:34
Foreign companies have lost over $100 billion in the process of leaving Russia since it started the war in Ukraine
Moscow has intensified punitive measures, such as a 50% asset discount on exiting companies.
Filip De Mott
28 Mar 2024, 17:24
The inventor of a famed recession indicator says many state-level warning signs are less dire when you factor in immigration
One recession indicator has flashed red in 20 states. But a growing, immigrant-driven labor force could prevent an actual downturn.
Ayelet Sheffey
28 Mar 2024, 17:23
A $0 monthly student-loan payment could hurt some borrowers in the long term. An upcoming policy could change that.
The Philadelphia Fed found that having a $0 monthly student-loan payment helps borrowers who need immediate relief, but only in the short term.
Ayelet Sheffey,Tim Paradis
28 Mar 2024, 17:19
Happiness is typically U-shaped throughout your life. The US has changed that.
Social isolation is worsening young people's stress and reshaping the theory that happiness tends to follow a U shape throughout life.
Aruni Soni
28 Mar 2024, 16:47
China's industrial push risks destabilizing the global economy and watering down green-energy exports, Janet Yellen warns
"It is important to the president and me that American firms and workers can compete on a level playing field."
George Glover,Pete Syme
27 Mar 2024, 22:22
What the Baltimore bridge collapse means for the US economy
The closure of Baltimore port following the collapse may not affect growth, but experts say it's a reminder of vulnerability to supply-chain shocks.
Noah Sheidlower
27 Mar 2024, 22:08
An Uber and Lyft driver explains how he sometimes makes over $8,000 a week doing private rides in Miami and Fort Lauderdale for celebrities, politicians, and sports stars
A ride-hailing driver earned nearly $200,000 in 2023 in South Florida driving private clients, including high-profile celebrities.
Cork Gaines
27 Mar 2024, 21:28
Here's how much more Americans are spending on basic monthly bills compared to 5 years ago
The average US household now spends $25,513 a year on the 10 most common bills, an increase of 19% from 2019.
Allie Kelly
27 Mar 2024, 21:28
Car insurance rates are at a 50-year high. Here's 3 ways you can keep your costs low, according to an expert
Car insurance rates are at a 50-year high. The climate crisis and high accident rates are to blame, but there are tricks for lowering your bill.
Eliza Relman
27 Mar 2024, 21:27
Canada's First Nations are building the densest neighborhood in the country by reclaiming their ancestral land and defying NIMBYs
The massive housing and other economic development projects underway in Canada could be inspiration for the US.
Filip De Mott
27 Mar 2024, 21:11
A Fed rate cut could actually mean bad news for stocks, analyst says
The stock market rally doesn't really need the Federal Reserve to cut rates in order to keep climbing, Paul Hickey told CNBC.
Aruni Soni
27 Mar 2024, 21:06
There's no reason why the Fed should cut rates right now, JPMorgan market strategist says
The US economy is holding up just fine, and growth projections for 2024 have only gone up, JPMorgan's Oksana Aronov said.
Theron Mohamed
27 Mar 2024, 21:04
Runaway government debt could sink markets and slam the economy, 2 watchdogs warn
Ballooning government debt and soaring interest payments could trigger a UK-style market meltdown and an economic disaster, fiscal watchdogs warned.
Jennifer Sor
27 Mar 2024, 21:04
The Fed is going to make inflation worse with rate-cut promises, former central banker says
The Fed is practically "asking for inflation to move back higher," according to a former Fed Governor.
Allie Kelly
27 Mar 2024, 20:54
A millennial who left her full-time job at PwC when her freelance side hustle took off shares the 3 ways to build a new business
Jacqueline DeStefano-Tangorra, 30, left her corporate job to freelance and build her own tech business. Here's how she did it.
Jacob Zinkula
27 Mar 2024, 20:13
How 4 people got away with secretly working multiple remote jobs and making over $300,000 a year — and the closest they came to getting caught
"Overemployed" workers who've earned more than $300,000 a year share their top tips for not getting caught and some close calls.
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