Economy News

The Wall Street Journal reported that Trump's advisors are making a plan that would give Trump the authority to oust Powell from the Federal Reserve.

Many Americans headed toward retirement don't have the funds. It could contribute to the peak boomer crisis.

Cherie Tobias, 48, can't afford groceries but doesn't qualify for government assistance.

Trump allies have drafted proposals to rein in Fed independence and align the central bank with the administration's interests, the Journal reported.

With the US obesity rate hovering at around 40%, tens of millions of Americans could take GLP-1 drugs over the next few years.

A long drought and hoarding could cut exports by 20% this year, Vietnam's coffee association said last month.

As US growth shows signs of sputtering and inflation keeps rising, a re-run of the tumultuous 1970s is looking more likely.

World leaders are negotiating a treaty to end plastic pollution, and the US is under pressure to step up.

"A protracted stalemate might be the only solution for Russia to avoid total economic collapse," one economist says.

"It looks a little bit more like the '70s to me, and I point out to a lot of people, things looked pretty rosy in 1972 — they were not rosy in 1973."

Hiring activity could see a substantial slowdown later in the year, Citi economist Veronica Clark said.

The US economy began 2024 with cooler growth than the forecast. In the first quarter of this year, real GDP rose at an annualized rate of 1.6%.

Lindsey and David Barber save 80% to 85% of their income for retirement and their son's future, though neither want to retire early.

The recently approved US aid to Ukraine could help create American jobs. Here are some of the cities that may benefit.

Nicolai Tangen said European companies aren't innovating as quickly as American ones, as he spoke of Norges Bank pushing into US equity investment.

America generates 40 million tons of plastic waste a year — and it can't be recycled.

Big companies are weathering high interest rates. Consumers, meanwhile, are facing rising debt as inflation eats into wage gains.

It turns out that, after killing off brands and choosing avocado toast over homeownership, millennials are getting wealthy.

The FTC approved a nationwide ban on noncompete agreements, boosting freedom for job-hoppers. But the new rule faces an impending legal battle.

US solar companies accused Chinese firms in Southeast Asia of dumping cheap solar panels on the market. They want Biden to take action.

The number of Americans who are ALICE — Asset Limited, Income Constrained, Employed — is increasing, particularly among Gen Z and boomers.

American's newest entrepreneurs are increasingly likely to be women, immigrants, living in the South, and doing their business as a side hustle.