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3 mins read

The US economy could get hit by a double whammy on September 30, if 2 major negotiations are not hammered out

Congress needs to pass a spending bill by September 30 to avoid a partial government shutdown. Dock…

Erin Snodgrass   


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2 mins read

Gen Z and millennials are propping up the economy — with help from their parents, 'Oracle of Wall Street' says

Consumers between the ages of 24 and 38 hold the largest discretionary spending power in the US, Me…

Filip De Mott   


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4 mins read

Baby boomers have a ton of their wealth tied up in stocks and housing. Here's why that's a risk to the economy.

Boomers' net worths could be hit by falling stock and home prices. That's bad news for the entire e…

Jennifer Sor   


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2 mins read

The US economy is strong enough that Fed rate cuts aren't even warranted, JPMorgan strategist says

Most traders expect the Fed to make a big initial rate cut, but one strategist says it's not necess…

Kelly Cloonan   


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1 min read

All the data is pointing to a soft landing in the US economy, top economist says

"The bottom line is that the US economy is not in a recession, and there are no signs of a recessio…

Matthew Fox   


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3 mins read

Why Russia's brain drain is the biggest problem facing its economy

Russia is missing around 5 million workers - one sign that the exodus of Russians is eating away at…

Jennifer Sor   


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2 mins read

Fed rate cuts are arriving too late and layoffs show the US economy is already in a recession, bond king Jeff Gundlach says

Layoff announcements climbed 193% over the last month, according to a report from the consultancy C…

Jennifer Sor   


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2 mins read

3 reasons China's economy is poised to break out of its long slump, according to Goldman Sachs

China could see growth pick up this fall amid fiscal easing, strong export momentum, and subsiding …

Kelly Cloonan   


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2 mins read

The possibility of stagflation hitting the US economy isn't off the table, JPMorgan chief Jamie Dimon says

JPMorgan Chase CEO Jamie Dimon said the worst outcome for the US economy is stagflation, and it isn…

Kelly Cloonan   


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5 mins read

US economy's fate hangs on jobs report as Fed decides how deep cuts will go

Data on unemployment may influence how deep the Fed cuts interest rates as the US economy is at a t…

Dan DeFrancesco   


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2 mins read

The US economy could be on the precipice of triggering a 'vicious feedback loop,' Nomura analysts say

The US unemployment rate has risen sharply while markets are jittery after stocks saw their worst l…

Huileng Tan   


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2 mins read

How do you feel about the economy? It depends on whether you own stocks.

People who own stocks feel much better about economy than non-owners.

Jacob Zinkula,Madison Hoff   


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2 mins read

The US will enter a mild recession as the economy deflates after its boost from unproductive stimulus cash, former Commerce Secretary says

Most of the stimulus cash deployed during the pandemic was "unproductive," which fueled inflation, …

Jennifer Sor   


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2 mins read

The US economy will start losing jobs by the end of this year, top economist says

The unemployment rate is on track to surpass 5% by the end of the year, according to top economist …

Jennifer Sor   


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1 min read

China's economy is still stuck in low gear

China's economy continues to face headwinds from a slowing real estate sector, with property invest…

Kelly Cloonan   


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1 min read

Why higher demand for sausage might be the latest sign the US economy is slowing

A food manufacturer in Texas said its seen rising demand for sausage, a sign the economy is slowing…

Kelly Cloonan   


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3 mins read

People are still flocking to Florida. It could help them ride out a slowdown in the economy.

Florida's strong population growth is boosting the state's economy and could help residents weather…

John Towfighi   


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1 min read

Governor CP Radhakrishnan vows to make Maharashtra's economy larger than that of Japan and Germany

He emphasised the importance of ensuring that the wealth created reaches "the remotest, isolated vi…

PTI   


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2 mins read

India's economic momentum stays strong with composite PMI at 60.7 in July 2024: Anand Rathi report

The Services PMI, recorded 60.3 in July 2024, has consistently held above the 60-mark for seven con…

ANI   


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2 mins read

Russia's 'overheating' economy will face a sharp slowdown next year as labor and sanctions crush momentum, central bank says

Russia's central bank projects that the economy's expansion will slow sharply to 0.5% to 1.5% in 20…

Filip De Mott