Economy

Markets 2024-04-25T20:21:53Z

Stock market today: Dow falls 375 points as traders brace for new inflation data after weak GDP

Stocks dropped and bond yields rose as investors digested a tough reality of slowing GDP growth and stubbornly high inflation.
Sustainability 2024-04-25T18:40:40Z

The US is under pressure to lead the way in reducing plastic pollution — but it keeps making more of it

World leaders are negotiating a treaty to end plastic pollution, and the US is under pressure to step up.
Economy 2024-04-25T16:59:56Z

Baby boomers are approaching 'peak burden' on the economy

A wave of retiring baby boomers means the generation will soon reach "peak burden" on the US economy, economists say.
Markets 2024-04-25T14:49:02Z

Stock market today: US indexes drop as 1st-quarter GDP growth comes in weaker than expected

The US economy grew at an annualized rate of 1.6% in the first three months of the year, badly lagging expectations of 2.4%.
Economy 2024-04-25T14:42:38Z

Jamie Dimon says the US has less than 50% odds of nailing a soft landing: 'Don't get lulled into a false sense of security'

"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."
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Economy 2024-04-25T12:38:10Z

The US economy started the year much slower than expected

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%.
Economy 2024-04-25T10:03:01Z

Billions of dollars of Ukraine aid are set to be spent in the US. Here are the cities that could get a boost.

The recently approved US aid to Ukraine could help create American jobs. Here are some of the cities that may benefit.
Economy 2024-04-25T10:03:01Z

Meet a Gen X ALICE in Michigan who struggles to pay for prescriptions and can only afford one meal a day: 'I make too much to get help.'

Cherie Tobias, 48, can't afford groceries but doesn't qualify for government assistance.
Finance 2024-04-24T14:42:48Z

S&P 500 is at risk of crashing 44% — and selling early could pay off, says elite forecaster

It paid off nicely to dump stocks nearly a year before the dot-com and housing bubbles burst, B. Riley's Paul Dietrich said.
Economy 2024-04-24T14:16:35Z

The US is preparing to hit back at China's glut of cheap solar panels by targeting its allies

US solar companies accused Chinese firms in Southeast Asia of dumping cheap solar panels on the market. They want Biden to take action.
Economy 2024-04-24T13:01:02Z

Millennial wealth is booming. It turns out avocado toast didn't tank them after all.

It turns out that, after killing off brands and choosing avocado toast over homeownership, millennials are getting wealthy.
Economy 2024-04-24T11:33:26Z

Jamie Dimon warns the world order is being challenged — and bashes crypto once more

JPMorgan's CEO warned of sticky inflation, rising interest rates, a recession, and global turmoil, while panning crypto's lack of progress.
Economy 2024-04-24T10:03:01Z

Meet the typical new entrepreneur: A young woman living in the South who's doing it as a side hustle

American's newest entrepreneurs are increasingly likely to be women, immigrants, living in the South, and doing their business as a side hustle.
Economy 2024-04-24T09:15:50Z

Biden is fighting Trump's tough tactics by calling for tripled tariffs on Chinese steel imports

China's economy struggles to consume all it's producing, exporting the most steel since 2016 amid a real-estate slump.
Economy 2024-04-23T17:55:17Z

Houston's basic-income participants plan to spend the $500 a month on rent and groceries — but the Texas Supreme Court temporarily blocked the program

Some Houston residents are set to start getting $500 a month in basic income for housing and groceries — if Texas Republicans don't shut it down.
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Finance 2024-04-23T15:30:10Z

Gen Z may have 50-year retirements, so start investing now, says UBS

Retirements are getting longer, and being comfortable after you stop working means beating inflation by 2 percentage points, say UBS strategists.
Economy 2024-04-23T13:12:29Z

The yield curve has been inverted for 18 months without a downturn - but the famed indicator isn't wrong, and a recession is near, strategist says

The inverted yield curve has predicted every recession since 1955, and this time won't be different, Paul Dietrich said.
Economy 2024-04-23T10:03:01Z

Some workers are choosing housing and student loan benefits over a retirement plan, and it says a lot about America's cost-of-living crisis

Companies and workers are rethinking job benefits, with a growing focus on non-traditional perks like housing and commute assistance.
Economy 2024-04-23T09:58:01Z

The top 20 fast-growing, high-paying jobs in the US

Business Insider ranked fast-growing and high-paying jobs and listed the typical level of education required for each of the top 20.
Energy 2024-04-23T07:23:05Z

Saudi Arabia's oil giant boss speaks up for China, saying its massive production of solar panels and EVs helps affordability

The comments come as the West has stepped up criticism of China's dumping of cheap green products on the global markets.
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