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Economy News
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Filip De Mott
19 Apr 2024, 00:39
The world's largest chipmaker just issued a warning that the industry's red-hot growth could slow
TSMC's trimmed forecast shows that the chip industry is still in recovery mode, and that demand is slowing.
Noah Sheidlower,Juliana Kaplan
18 Apr 2024, 22:33
More and more Americans are becoming 'ALICEs.' They can't afford rent and groceries but are falling through the cracks in the country's safety net.
The share of Americans in poverty has been falling, but more are stuck living paycheck to paycheck.
Jennifer Sor
18 Apr 2024, 21:53
Fed officials cast more doubt on the timing of rate cuts this year
Powell warned earlier this week that rate cuts could be delayed, with his colleagues echoing that in comments on Wednesday.
Alex Bitter
18 Apr 2024, 21:29
Seattle's Instacart shoppers are having to go miles out of their way because of the new gig worker pay law
Instacart is adding miles to some Seattle deliveries to avoid stores within city limits — which would require paying the minimum wage for gig workers.
Ayelet Sheffey
18 Apr 2024, 20:44
Elizabeth Warren is asking a major student-loan company to cancel debt for borrowers with 'decades-old predatory private' loans. Here's how.
Millions of student-loan borrowers are being transferred from Navient to MOHELA. Elizabeth Warren wants some of their debt to be canceled first.
Filip De Mott
18 Apr 2024, 19:59
The US's blowout debt burden is one piece of a global problem, IMF warns
"Loose fiscal policy in the United States exerts upward pressure on global interest rates and the dollar," the IMF's Vitor Gaspar said.
Huileng Tan
18 Apr 2024, 18:17
De-dollarization is not working out in China, where businesses are hanging onto their US dollars
Despite discussions about de-dollarization, the US dollar still dominates global foreign reserves, according to IMF data.
Ayelet Sheffey
18 Apr 2024, 00:29
Biden's new student-loan forgiveness plan just began its 30-day public comment period — and anyone can tell the administration what they think of the relief
The draft text for Biden's new student-debt cancellation plan is out, and anyone in the public can provide input on what the relief should look like.
Yuheng Zhan
17 Apr 2024, 23:04
There are 3 reasons the US hasn't seen a recession yet, according to top economist David Rosenberg
"The bull market in economic growth boils down to the heavy hand and generosity of Uncle Sam," David Rosenberg wrote this week.
Filip De Mott
17 Apr 2024, 23:04
The US freight recession keeps getting deeper
Freight giant JB Hunt saw its stock tank 13% on Wednesday after badly missing profit and sales estimates for Q1.
Jacob Zinkula
17 Apr 2024, 22:43
A millennial who moved to Canada for the quality of life shares why he wants to go back to Texas — and why he regrets not waiting to relocate until later in life
A millennial moved to Canada to "get cultured." Despite the great quality of life, he wants to move back to Texas.
Noah Sheidlower,Madison Hall
17 Apr 2024, 22:43
Americans are becoming less confident in their government than people in other rich countries: polls
New Gallup data reveals the US has fallen behind many G7 countries in key indicators such as confidence in the military or food affordability.
Madison Hoff
17 Apr 2024, 22:04
The top 15 companies for career growth if you work in the US, according to LinkedIn
JPMorgan Chase & Co.Leonardo Munoz/VIEWpress/Corbis via Getty Images LinkedIn published a ranking of the best large companie...
Yuheng Zhan
17 Apr 2024, 21:29
Russia will grow faster than the US and all other advanced economies this year, the IMF says
Russia's economy in 2024 is expected to grow by 3.2%, outpacing the US, Germany, the UK, and Japan, according to the IMF.
Kelli María Korducki
17 Apr 2024, 18:54
It turns out the best way to get ahead in America is to leave
More and more Americans are deciding that the only way to pay off debts, save money, and retire is to move abroad.
Cork Gaines,Andy Kiersz
17 Apr 2024, 17:19
One chart shows just how much women's college basketball ratings have soared while men's have dipped
Viewership for this year's NCAA basketball championship games shows the audience for the women's final surpassed the men's for the first time.
Ayelet Sheffey
17 Apr 2024, 16:54
Student-loan borrowers have delayed buying a home or car, having kids, and getting married because of their debt — even for those with balances smaller than $10,000
A new Gallup survey found that 71% of student-loan borrowers have put off key life events, including finishing their degrees, because of their debt.
Huileng Tan
17 Apr 2024, 14:48
The Fed may have pumped so much money into the economy that it's now taking way longer to cut rates
Interest rate cuts may not come so soon amid strong job growth and persistent inflation.
Jacob Zinkula,Andy Kiersz
17 Apr 2024, 02:54
The US's newest immigrants are more likely than native-born Americans to have a college degree, per Goldman Sachs
Recent US immigrants are more likely than native-born Americans to have a college degree. But they're less likely to have finished high school.
Allie Kelly
17 Apr 2024, 02:53
America's facing a retirement disaster. There's a better way.
Australia uses a system called superannuation where companies are required to contribute to employees' retirement funds.
George Glover
16 Apr 2024, 20:54
China is still struggling to fix its demand problem — and that's bad news for the likes of Apple and Tesla
China's GDP rose by a better-than-expected 5.3% in the first quarter, but analysts flagged slowing sales as a sign of weak demand.
Ayelet Sheffey
16 Apr 2024, 19:44
Biden's new plan for student-loan forgiveness is entering its next key stage — and millions of borrowers will have a say on what the relief looks like
Biden's administration released its first set of draft rules for its new student-loan forgiveness plan, and borrowers have 30 days to comment on them.
Huileng Tan
16 Apr 2024, 15:48
China's GDP rose 5.3% in the first quarter, but it doesn't mean the economic pain is over
March retail sales and industrial output fell short of forecasts. First-quarter new home sales slumped.
Matthew Fox
15 Apr 2024, 21:45
A CIO details 4 reasons why the recent inflation spike is temporary — and says the Fed will still cut rates 3 times this year
"There should be plenty of disinflation in the pipeline as CPI converges with some of these more real-time metrics," Raymond James' Larry Adam said.
Madison Hoff
15 Apr 2024, 21:27
The top 14 cities in the US people are fleeing
New Orleans-Metairie, Louisiana, ranked No. 1 among metropolitan statistical areas for its negative net domestic migration rate per 1,000 people.John...
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