The Trump Trade Takes Off
As financial markets reopened after the attempted assassination of Donald Trump, it became clear that the Trump trade is gaining momentum.
Americans Are Misjudging Economy, Per Biden Administration
A recent Harris poll for The Guardian reveals widespread misconceptions about the U.S. economy. Most Americans (56%) believe the country is in a recession, but it's not
Americans Are Split on Economy Despite Growth
More than half of Americans believe the U.S. is in a recession, even though the GDP has been growing for several years.
Experts Are Warning of Economic Downturn
Nancy Lazar from Cornerstone Macro is sounding the alarm about a possible economic downturn.
Fed Finds Comfort in Cooler Job Growth and Wage Increases
On Friday, Federal Reserve officials breathed a sigh of relief as April’s job data revealed a cooling in wage growth and hiring rates that hark back to pre-COVID-19 days.
Taking a Look at Recent Layoffs in the Freight and Logistics Industry
Over the past few weeks, the freight and logistics industry has witnessed significant layoffs across several states including Florida, Georgia, Illinois, Michigan, and Texas.
Wealthy Americans Building "Passport Portfolios" for Security and Flexibility
Wealthy American families are increasingly obtaining second, or even multiple, citizenships and residences, a trend highlighted by Henley & Partners, a law firm specializing in high-net-worth citizenships.
China's Satirical Shift is Navigating Economic Realities and State Narratives
The rise of dark satire in China's online realm sheds light on a growing phenomenon.
Balancing Inflation and Recession Risks Amid Fed Rate Cut Debates
In 2021 and 2022, as inflation surged, the Federal Reserve was criticized for delaying interest rate hikes, allowing prices to soar. Now, with inflation easing, there's concern the Fed might move too slowly to cut rates, risking a recession, some economists argue.
Major Layoffs in Washington and Oregon as Logistics Company Shifts Operations
Major logistics company, Penske Logistics, recently filed notices indicating plans to cut over 200 truck driver and warehouse jobs in Washington and Oregon by March 31.
Strong Job Growth and Wage Increases Continue in U.S. Economy Amidst Rising Interest Rates
In January, the U.S. economy added a surprising 353,000 jobs, surpassing economists' predictions of 177,000.
Citigroup to Lay Off 20,000 Employees Following Worst Quarterly Loss in 15 Years
Citigroup is set to trim its workforce by 20,000 employees over the next two years, according to CFO Mark Mason, following a dismal fourth quarter in 2023 where the bank reported a net loss of $1.8 billion, its worst in 15 years.
Economic Uncertainty Looms Over 2024 Presidential Election
As we gear up for 2024 - a big election year - it's hard not to think of James Carville's famous line from 1992, "It's the economy, stupid."
2023 Showcased Mixed Economic Shifts in the United States
In 2023, the U.S. economy saw a combination of positive and negative trends.
Yellen Emphasizes Stabilizing U.S.-China Relationship and Collaboration on Key Issues
U.S. Treasury Secretary Janet Yellen expressed the importance of stabilizing the U.S.-China relationship during a dinner hosted by the U.S.-China Business Council.
Private Sector Job Growth Slows in November, Wages Stagnate
Private sector job creation in November continued to slow, with companies adding 103,000 workers, slightly below October's 106,000 and missing estimates.
Major Economic Concerns Amid Record Thanksgiving Shopping Weekend
A recent Fox News poll revealed that more than 75% of Americans are worried about the state of the economy.
US Consumer Confidence Declines as Inflation Worries and Global Conflicts Weigh on Sentiment
Americans' confidence in the US economy has declined, with the preliminary reading on consumer sentiment for November hitting its lowest level since May at 60.4, below economists' expectations of 63.7.
Strong Q3 Economic Growth in the U.S. Driven by Consumer Spending Surpasses Expectations
The U.S. economy saw stronger-than-expected growth in the third quarter, expanding at a 4.9% annualized rate, driven primarily by robust consumer spending.
BlackRock CEO Larry Fink Expresses Concern Over Lack of Hope Amidst High Levels of Fear in Financial Markets
BlackRock CEO Larry Fink, a prominent figure on Wall Street, has expressed concern over the high levels of fear he's witnessing among consumers and businesses, which he says is missing the essential ingredient of hope for a healthy financial outlook.