Economy
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‘We should absolutely be concerned about non-college-educated men today’: higher rents, living at home, falling out of the labor market
Men are nearly twice as likely as women to be living with their parents, and a new study says it’s particularly harmful for non-college educated men, who are less likely to hold jobs compared to their college-educated counterparts. As rents have surged across the country, more and more men are moving home, and once there,
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Something is different about Trump’s $1 trillion war on Iran and its stress on the national debt, Harvard Kennedy scholar says
German Enlightenment philosopher Immanuel Kant argued in his 1795 essay Perpetual Peace: A Philosophical Sketch, that nations should conduct themselves in a particular way with wars and debt: “National debts shall not be contracted with a view to the external friction of states.” In other words, to maintain peace, don’t finance wars with debt. Nearly
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Half of Iran’s workforce faces unemployment risk as the U.S.-Israel war’s ‘hidden target’ was the labor market, economist says
The U.S. and Iran have observed a ceasefire for nearly two weeks, but the economic toll is only starting to become clear and could have drastic consequences. The U.S.-Israeli bombardment has damaged more than 125,000 residential and civilian buildings, while over 20,000 industrial units have been destroyed, according to Hadi Kahalzadeh, a former economist at Iran’s Social
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The $39 trillion national debt could break the all-important U.S. bond market, sparking a ‘vicious’ emergency, former Treasury secretary warns
The U.S. is caught in a spiraling debt crisis, and a major casualty might be demand for U.S. Treasuries—a critical support pillar for the economy and the government’s ability to spend money. The scale of U.S. borrowing is severely testing confidence in the country’s ability to keep financing itself. The federal debt has climbed to
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Tourism had a record-breaking 2025 everywhere but the U.S., report finds, as international visitor numbers plummet by the millions
Last year was a record-breaking one for international tourism, injecting trillions of dollars into the global economy and supporting millions of jobs. But while more people than ever took to weathered streets of European capitals or sun-soaked beaches on Pacific islands, the U.S. appears to have plummeted down travelers’ bucket lists. Global travel last year
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If the economy feels even worse for you than the inflation data says, that might be because childcare isn’t deemed a ‘necessity’
Inflation isn’t in a great place right now: Despite “affordability” becoming the buzzword of D.C., prices are moving in the opposite direction to consumers’ wishes. The latest CPI report from the Bureau of Labor Statistics shows inflation jumped once again, up to 3.3% over the past 12 months. Much of this has come from increases
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Food companies are finally cutting prices. PepsiCo shows it’s worth it
After accepting the reality that its inflation-weary customers had had enough of price increases in recent years, PepsiCo slashed U.S. prices on Lay’s, Doritos, Cheetos, and Tostitos chips by up to 15% in February. It seems to have worked: The move is helping bring back some of the food and beverage maker’s customers who had
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Americans have never been this gloomy about the economy. Wall Street has never cashed in harder
The same week Americans recorded a 74-year low in economic pessimism, Wall Street’s biggest banks closed their most lucrative trading quarter since at least 2014. The S&P 500 punched through 7,000 to a fresh all-time high. Goldman Sachs posted its second-highest quarterly revenue on record. Morgan Stanley’s equities desk set a record of its own.
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Reed Hastings’ exit from $455 billion Netflix ‘had nothing to do with’ the failed Warner Bros. deal, says Ted Sarandos
The next episode for Netflix? The start of a post-Reed Hastings era. The 65-year-old co-founder and former CEO of the world’s largest streaming service announced on Thursday that he won’t stand for reelection to the board at the company’s annual shareholder meeting in June, ending a 29-year run at the company he created in 1997.
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A world going broke: IMF says America’s $39 trillion national debt is actually a global problem—and AI may be the only rescue
America’s $39 trillion national debt has become a familiar political football—batted around in budget negotiations, invoked at congressional hearings, and largely ignored between elections. But what the International Monetary Fund laid out Wednesday is something more unsettling: The U.S. isn’t an outlier. It’s just the most visible symptom of a global disease. At the spring