The Fed got it wrong and is late again, top economist says, as job gains collapse
Allianz chief economic advisor Mohamed El-Erian said the Federal Reserve is behind the curve in lowering rates now that the economy is...
Business
One out of every 4 homes is at ‘severe or extreme’ climate risk, study says
More than one in four U.S. homes—amounting to $12.7 trillion in real estate—faces at least one type of “severe or...
Social Security and Medicare cuts are coming because the bond market will force Congress: economist
Lawmakers have known for decades that U.S. entitlement programs are on unsustainable paths as demographics inevitably skew the population older....
New home inventory is at its highest level since just before the housing market collapse that led to the Great Recession, but that doesn’t mean it’s the same market
The U.S. housing market’s inventory is growing, putting pressure on prices and slowing new construction, according to fresh research from...
Epstein’s estate subpoenaed by House Oversight Committee
The House Oversight Committee subpoenaed the estate of the late Jeffrey Epstein on Monday as congressional lawmakers try to determine who was...
Ethereum brushes record high after Fed Chair says ‘balance of risks’ is shifting
Jerome Powell set off a Friday boom in the crypto markets. After the chair of the U.S. Federal Reserve indicated...
The ‘Ghosts of 2007’ and the graybeard ‘Nifty 50’: BofA looks at the rare situation in markets and finds ominous parallels to the GFC and the dotcom bubble
The U.S. Federal Reserve’s looming decision on whether to cut interest rates in September 2025 is sparking heightened concern on...
Trump’s tax cut could mean a nearly half-trillion-dollar cut to Medicare starting in 2027, CBO warns
The federal budget deficits caused by President Donald Trump’s tax and spending law could trigger automatic cuts to Medicare if Congress does...
‘I am overwhelmed by the need to stay on top of where the deals are’: Back-to-school shopping turns into China tariff-dodging exercise
Feeling nostalgic for the days when going back to school meant picking out fresh notebooks, pencils and colored markers at a local...
Trump says homeless people must leave Washington, DC, immediately — ‘We will give you places to stay, but FAR from the Capital’
President Donald Trump said Sunday that homeless people must be moved “far” from Washington, after days of musing about taking...
Powered By
