Category: Economy
One-Third of US States Report Drop in Household Incomes
The latest report from the United States Census Bureau shows a sobering economic reality:...
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The Fed Casts a Gimlet Eye on Economy Pending Jobs Report
With the Bureau of Labor Statistics due to release its Job Openings and Labor Turnover report for...
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US Consumer Spending Down, But Economy Remains Sound
The number of Americans shopping has gone down in recent weeks; surprisingly, this hasn’t...
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Inflation Reduction Act Proves to be Boon to US Economy
It’s been a year since the Biden administration’s Inflation Reduction Act (IRA) was...
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Contingency Plans for Europe’s Banks to Undergo Scrutiny Next Year
Following the hostile takeover of Credit Suisse by its longtime rival UBS earlier this year, the...
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Major Banks Facing Massive Regulatory Overhauls
Major banks are on the verge of a significant regulatory shift, the largest since the financial...
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French Riots Lead to Over $1 Billion in Corporate Losses
Despite Parisian catwalks being on fire for the recently concluded fashion week, the city’s...
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US Recovering Faster from Inflation Compared to G7 Peers
While Americans are still feeling the economic pinch of inflation, they aren’t the only ones...
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US Home Building Sector Experiences Record Surge in May
While the United States housing market remains tight, it has proven to be a boon for the...
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Jobless claims are now the highest since October 2021
The US Labor Department’s recent report is not boding very well for the US economy. It appears...
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Survey: More American Workers Burning Out Mentally
New York-based think tank The Conference Board recently released the results of a survey involving...
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Congressional Debt Ceiling Impasse Could Jeopardize America’s Perfect Credit Rating
The United States has long prided itself on its AAA credit rating, but recent events could mean...
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