Browsing: U.S. economy
There’s a ‘very low probability’ Trump or Harris will reappoint Jerome Powell as Fed chair, political strategist says
Kamala Harris voted against Jerome Powell’s confirmation as Federal Reserve chair in 2018 when she was in the Senate, siding…
Nearly 22 million people in the U.S.—roughly one in 15 Americans—had wealth upwards of $1 million last year, according to…
Switzerland’s secret to beating inflation while the U.S. still struggles? Central Bank chief says it’s being ‘boring’
Central banks worldwide have struggled over the last two years to find solutions to generationally high levels of inflation, hiking…
The federal minimum wage has not risen from $7.25 for 15 years. That run extends the longest such streak since…
Florida is supposed to be a boomer paradise, but it didn’t even crack the top five best states for retirement
The state that has long been associated with condos for active seniors, golf, and no state income tax didn’t even…
The Supreme Court’s ‘Chevron’ ruling is an existential threat to the ‘American economic miracle’ and will make the U.S. more like Europe, Lazard chair says
The Supreme Court’s decision last month to overturn a decades-old decision that gave regulators more leeway to set rules will…
Former American Express CEO says business leaders are too scared to tell Trump what they really think of him: ‘They greatly fear there will be retribution’
CEOs have been forced to swallow their tongues when discussing former president Donald Trump because they’re afraid he might retaliate…
The stock market rallied on Monday after the assassination attempt on former President Donald Trump, as investors priced in greater…
Wages in the U.K. are growing twice as fast as Europe and the U.S. thanks to one simple policy
The U.K.’s new Labour government has emerged from its landslide election victory, promising to return the country to its economic…
U.S. debt could threaten the economic growth that’s needed to keep the burden sustainable, former IMF official says
Even if the U.S. avoids some of the worst-case scenarios, ballooning debt and the cost of servicing it could eventually…