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2 mins read

Russia adopts Chinese yuan-to-ruble as benchmark exchange rate after US sanctions force a further move away from the dollar

Russia's central bank said on Thursday that the currencies from "friendly countries" and the ruble …

Huileng Tan   


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3 mins read

A man born in Japan where tipping is rude — is part of a growing number of Americans rejecting tipping in the US

Ken Ozeki shared his thoughts on not tipping in the US, influenced by high prices, digital register…

Jane Ridley   


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2 mins read

Recession isn't happening as the US economy is the most dynamic it's been in history, 'The Big Short' investor Steve Eisman says

Economists who have called for a recession have been wrong and the economy is solid, Steve Eisman s…

Jennifer Sor   


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2 mins read

Ayelet Sheffey   


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3 mins read

As the heat goes up this summer, so do cooling costs

The average cost to cool homes could be $719, a nearly 8% increase from the same period last year.

Catherine Boudreau   


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3 mins read

South Africa's cash giveaway plan is not universal basic income, experts say

A South African program would pay too little money to too few people to qualify as universal basic …

Theron Mohamed   


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4 mins read

What it's like to live with just $23 a month in SNAP benefits: 'It barely covers one meal.'

Mary Dacus and her husband Stephen receive $23 a month in SNAP benefits. They are one of 40 million…

Allie Kelly,Madison Hoff   


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2 mins read

There's a 'stealth erosion' in global US dollar reserves, but there's no dominant replacement yet

The share of the US dollar in global forex reserves fell from over 70% in 2000 to about 55% in the …

Huileng Tan   


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2 mins read

The Fed now expects just one interest rate cut this year — but there's still time for that to change, Powell says

The Federal Reserve held interest rates steady on June 12, with Powell leaving the door open for a …

Ayelet Sheffey   


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2 mins read

The Fed confirms that Americans will have to wait longer for interest rate cuts

The Federal Reserve held interest rates steady on Wednesday, pushing back any hopes of an interest …

Ayelet Sheffey   


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2 mins read

The US expands sanctions against Russia-friendly institutions as Treasury chief Janet Yellen says the Kremlin is 'desperate' for outside help

The Kremlin is "desperate for access to the outside world," Janet Yellen said, announcing new sanct…

Filip De Mott   


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4 mins read

Earning $100,000 a year isn't enough to feel 'rich' in the US anymore

Three HENRYs who made over $100,000 last year share why they don't feel "rich" and what's holding t…

Jacob Zinkula,Andy Kiersz   


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1 min read

Retail inflation eases marginally to 1-year low of 4.75% in May: Govt data

Retail inflation eased to a one-year low of 4.75 per cent in May as prices of some kitchen items de…

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3 mins read

Inflation unexpectedly cools off as the Fed decides its next move

The Consumer Price Index increased 3.3% year over year in May, which is less than the 3.4% increase…

Madison Hoff   


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4 mins read

Meet the typical LGBTQ+ American: A homeowner making six figures who most likely lives in DC or Vermont

Around 3% of Americans identify as gay or lesbian, and 5% identify as bisexual. Their ranks are gro…

Juliana Kaplan,Noah Sheidlower   


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6 mins read

Forget red and blue: America's real geographic divide is between bosses and their employees

Executives in New York, call centers in Orlando: American cities are facing a growing power imbalan…

Ned Resnikoff   


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2 mins read

Putin could struggle to end the war in Ukraine because it's making some poor Russians richer

Russia's production in war-related industries rose 60% from the fall of 2022 to the spring of 2024.…

Huileng Tan   


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3 mins read

Gen X is fed up, so they're taking more vacations alone

Gen Xers are shifting from family vacations to solo and friend-based trips, driven by newfound free…

Cork Gaines   


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3 mins read

I caught my employee secretly working a second remote job. Here's why I decided to fire them and why I think overemployment is sometimes unethical.

A CEO who caught an employee secretly working a second job shares why he decided to fire them and w…

Jacob Zinkula   


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3 mins read

Gen Xers and boomers are giving up on hybrid work: They're either all in or out on the office

Workers aged 50-64 are most likely to be fully on-site or work from home full time, new data shows,…

Juliana Kaplan,Noah Sheidlower   


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3 mins read

The Fed's next decision will likely mean Americans are going to wait a lot longer for any interest rate cuts

The booming jobs report and still-high inflation mean the Federal Reserve is likely to hold interes…

Ayelet Sheffey,Madison Hoff   


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1 min read

Gold is getting so expensive that even China's central bank stopped buying

China's central bank did not add any gold to its reserves in May after 18 straight months of purcha…

Huileng Tan   


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2 mins read

Russia says it's working with a group of countries to build a platform that doesn't need the dollar

Russian President Vladimir Putin has doubled down on phasing out the use of the US dollar and other…

Huileng Tan   


Ayelet Sheffey