US economy

Wall Street Sees Election as Threat to Now-Normal US Economy

Wall Street Sees Election as Threat to Now-Normal US Economy

Analysts believe the US economy is returning to pre-pandemic norms, but election uncertainties may bring volatility due to potential shifts in economic policies based on electoral results.

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US National Debt on Pace to Reach Record-Setting Level in the Next 4 Years

US National Debt on Pace to Reach Record-Setting Level in the Next 4 Years

The United States (US) is reportedly on the path to encountering an unprecedented level of national debt in the next four years.

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Wolfowitz Faces Pressure To Resign As World Bank Finds He Broke Rules

The World Bank Reveals the US Economy's Strength Will Drive Global Economy to Grow 2.6% in 2024

The World Bank forecasts 2.6% global growth, driven by US strength, although there is over "slow" growth due to conflicts and debt burdens.

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US Household Wealth Rises to Record of Over $160 Trillion in Q1 2024, Fed Data Shows

US Household Wealth Rises to Record of Over $160 Trillion in Q1 2024, Fed Data Shows

US household wealth reached a record high of over $160 trillion in the first quarter of 2024.

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Why Joe Biden's New Immigration Order Could Become Double-Edged Sword for US Economy

Why Joe Biden's New Immigration Order Could Become Double-Edged Sword for US Economy

US President Joe Biden signed a new immigration order. But it could be a double-edged sword for the US economy. Here's why.

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Another Donald Trump Win Would Be More Disruptive for Bond Markets, Bill Gross Says

Another Donald Trump Win Would Be More Disruptive for Bond Markets, Bill Gross Says

Renowned bond investor Bill Gross believes the bond market would suffer more under a second Donald Trump term.

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JPMorgan Chase CEO Jamie Dimon Sounds Alarm on Ballooning US Fiscal Deficit Due to High Government Spending

JPMorgan Chase CEO Jamie Dimon Sounds Alarm on Ballooning US Fiscal Deficit Due to High Government Spending

JPMorgan Chase CEO Jamie Dimon has cautioned that the United States should promptly address its ballooning fiscal deficit to avoid future economic turmoil.

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Joe Biden's Chances of Winning Reelection Damped by Persistent Inflation Fears, New Poll Shows

Joe Biden's Chances of Winning Reelection Damped by Persistent Inflation Fears, New Poll Shows

Concerns about inflation are reducing President Joe Biden's chances of winning reelection, a new poll shows.

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Federal Reserve President Says US Economy Likely Slowing Down — Does This Hint at a Possible Interest Rate Cut Soon?

Federal Reserve President Says US Economy Likely Slowing Down — Does This Hint at a Possible Interest Rate Cut Soon?

Atlanta Federal Reserve President Raphael Bostic has reportedly indicated that the US economy is likely slowing down, which could prompt interest rate cuts this year.

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Jobs Openings In U.S. Falls To 2 Year Low, November Report Shows

US Unemployment Claims Rise as Layoffs Increase, Indicating Weak Labor Market

Initial jobless claims in the US have surged to their highest level since August 2023, indicating potential challenges in the strong labor market. Employers are increasing layoffs despite recent positive hiring trends.

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Joe Biden Insists US Economy Is Doing Well Amid Mounting Criticisms on 'Bidenomics'

Joe Biden Insists US Economy Is Doing Well Amid Mounting Criticisms on 'Bidenomics'

President Joe Biden has reaffirmed his belief that the US economy is on an upswing despite widespread criticism of his economic policies.

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Biden’s Economic Advisor Jared Bernstein Awkwardly Explains How Money Works

Biden’s Economic Advisor Jared Bernstein Awkwardly Explains How Money Works

US President Joe Biden's economic advisor Jared Bernstein acknowledged his inability to explain how money works.

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Joe Biden Says 'Xenophobia' Hinders China, Japan, and India's Economic Growth as US Benefits From Migration

Joe Biden Says 'Xenophobia' Hinders China, Japan, and India's Economic Growth as US Benefits From Migration

President Joe Biden said "xenophobia" among countries like China, Japan, and India is impeding their economic growth, contrasting it with the US, which he claimed benefits from migration.

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Joe Biden's Capital Gains Tax Increase Proposal Could Significantly Harm the US Economy, Experts Say

Joe Biden's Capital Gains Tax Increase Proposal Could Significantly Harm the US Economy, Experts Say

The plan of President Joe Biden to increase the top capital gains tax rate to a historic level has drawn sharp criticism from economic experts.

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Donald Trump Pounces on Joe Biden's 'Bidenomics' Ahead of Hush Money Court Hearing

Donald Trump Pounces on Joe Biden's 'Bidenomics' Ahead of Hush Money Court Hearing

Former President Donald Trump lambasted "Bidenomics," or the economic policies under President Joe Biden, before entering the Manhattan courtroom on day seven of hush money trial.

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