Economy

14 May 2024, 00:38

Why a debt-fueled US economy is facing a hard landing in 2025, chief economist says

"Once people do begin to lose their jobs, once the economy does begin to slow down, you already have a lot of distress," Torsten Slok told Bloomberg.

13 May 2024, 23:28

Meet the millennials who made all the right money moves in the pandemic economy — and are suddenly wealthy

Millennials' average wealth doubled in the last four years, leaving some surprised to realize that they're suddenly doing very well.

13 May 2024, 21:18

Putin's latest political move shows Russia's wartime economy is here to stay

Putin's appointment of a civilian economist as defense minister signals Russia's military-industrial complex is now key to its wartime economy.

08 May 2024, 09:21

A Florida Gen Xer who earned over $300,000 secretly working multiple remote jobs shares why he's 'far from rich'

A Gen Xer in Florida says making over $300,000 didn't make him feel rich.

08 May 2024, 09:19

China's footprint in global supply chains will grow no matter who wins the US presidential election: analysts

A research group doesn't expect either Biden's or Trump's trade policies to reduce China's role in global production networks significantly.

08 May 2024, 09:17

Russia's military is so hard up for manpower that it now pays more than the oil and gas sector

Russia is a major energy producer, and the industry's robust revenues have kept Moscow's war chest filled.

08 May 2024, 03:37

I was fired from a new job in less than a week after I started. It taught me not every opportunity is a good opportunity.

This Gen Z worker was fired from her new job on the third day and called it a blessing. It taught her to value mental health and respect over money.

07 May 2024, 03:57

Americans will lose full Social Security benefits in 11 years, according to the program's trustees — a year later than expected

The latest report on the future of Social Security detailed the program's ability to pay out full benefits as a retirement crisis looms.

07 May 2024, 01:17

Younger generations might not have to worry about recessions as much as their elders. It would be great news for their job security and stock portfolios.

Data from NBER shows a promising trend: Recessions have become less common in the US.

07 May 2024, 00:35

The US may already be in recession as job cuts accelerate, research CEO says

The ongoing recession may have been triggered way back in October 2023, says Danielle DiMartino Booth.

07 May 2024, 00:35

The US will see a recession by year-end that could spark a 30% drop in the stock market, legendary forecaster Gary Shilling says

Shilling told Business Insider that wave of layoffs could come as employers realize the economy was weaker than they thought.

06 May 2024, 21:55

The US crackdown on Russian trade is working as Putin struggles to fund his war

Trade volumes from partners such as Turkey and China have slagged in the first quarter, as foreign dealers pullback amid a US sanctions threat.

06 May 2024, 21:53

Why so many Gen Zers are struggling to find a connection to work, school, and a sense of purpose

People between the ages of 14 and 24 are in their decisive decade. Many of them are dropping out of school and feeling financially unstable.

06 May 2024, 21:52

Many Gen Zers are teetering on the edge of economic security in their 20s. Here's why it's such a 'decisive decade.'

Gen Zers are navigating their decisive decade — ages 14 to 24. Some are showing signs of becoming "disconnected youth."

06 May 2024, 21:29

The Fed will spark an economic crash by delaying rate cuts, State Street equity research chief says

"We increasingly begin to hear about things breaking down," State Street's Marija Veitmane said.

06 May 2024, 20:48

More Americans are feeling a six-figure salary can't afford them a middle-class lifestyle

In today's big story, we're looking at people who feel like a middle-class salary doesn't equal a middle-class lifestyle.

06 May 2024, 20:23

A boomer sold all of her belongings, retired early, and moved to Turkey — and her expenses are so low that she's able to live 'totally' on her Social Security

"You don't need millions to retire," Debra Crockett said. She found out she could live comfortably abroad with just $500 worth of basic expenses.

06 May 2024, 20:23

A full-time Cleveland Uber driver who took home $17,000 in 2023 shares why the full-time gig isn't worth the money anymore

A Cleveland Uber driver who took home $17,000 in 2023 shares the top earnings strategies he's tried, and why he's considering quitting ride-hailing.

06 May 2024, 17:39

A 62-year-old employed 'peak boomer' in California makes too much for affordable housing but lives in her car: 'I'll work until I drop'

Cheryl Simmons, 62, is a parking lot attendant making $42,000 a year who lives in her car in San Diego but makes too much for affordable housing.

06 May 2024, 17:17

China's trade war with the US is unlikely to cool down this election year, so it's working on Europe instead

Chinese leader Xi Jinping is visiting France, aiming to refresh China-France ties amid complaints about China's factory overcapacity.

06 May 2024, 15:37

Hundreds of thousands of fish died in a single reservoir in Vietnam, another sign of how climate change is strangling the economy

Hundreds of thousands of fish died last month in one reservoir in southern Vietnam. An extended drought continues in parts of the country.

Inflation is scrambling Americans' perceptions of middle class life

05 May 2024, 19:34

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