New economic modelling suggests the country’s vaccination push may not outrun the risk of recession.
Lebanon used to import 80% of its basic goods. But after an explosion destroyed the country's main port, local farms are needing to step up.
Younger workers have already borne the brunt of the pandemic's economic devastation, and kids may also miss out.
The National Bureau of Economic Research found the recession only lasted from February 2020 to April 2020, with the US economy recovering ever since.
"When crypto falls from trillions, or meme stocks fall from tens of billions, #MainStreet losses will approach the size of countries," Burry tweeted.
The global version of the "Buffett indicator" has climbed to higher levels than it did during the dot-com and housing bubbles.
Hotels, malls, and offices are all facing down serious problems. These disasters for commercial real estate are trouble for the whole US economy.
Americans now believe it takes $1.9 million to be considered wealthy, according to a Charles Schwab report. In 2020, it was $2.6 million.
Economists are worried that the US economy's pace of reopening could cool as the labor market slows and prices pick up. That's not the case at all.
Gen Z is set to earn a third less on stock and bond investments than millennials, Gen X, and boomers. They can expect average returns of just 2%.
The Oaktree Capital Management co-chief also dismissed bonds and called the start of a new economic cycle.
The K-shaped recovery is evident in consumer confidence surveys. Morning Consult found more educated workers feel so good they're pushing for raises.
New coronavirus variants don't pose a significant threat to the US and the pandemic can "effectively end" as early as late March, JPMorgan says.
Annie Fadely is the senior policy and programs associate at Civic Ventures and a producer of the “Pitchfork Economics” podcast. She says the Congressional Budget Office’s report that a $US15 minimum wage will kill jobs should be more nuanced. Fadely cites research indicating that any decrease in employment would be […]
US gross domestic product grew at an annualized rate of 4% in the fourth quarter, the Commerce Department said Thursday. Economists surveyed by Bloomberg expected growth to come in at 4.2%. The gains come after economic reopening drove a record-high growth rate of 33.1% in the third quarter. While the […]
Yellen told lawmakers during her Senate confirmation hearing that now is the time to pass a massive relief package, warning of another recession without sufficient fiscal aid. “The smartest thing we can do is act big,” Yellen said. Biden is poised to inherit a divided Congress once he is sworn […]
US retail sales declined 0.7% in December, landing below the consensus economist forecast for unchanged spending. The reading marks a third straight month of contraction following November’s 1.4% drop and a mild decline in October. The data suggests strong online sales through the holiday season failed to offset COVID-19 lockdowns […]