Economy
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Ray Dalio says the U.S. is ‘certainly in a stagflationary period,’ and what the Fed does next could make or break the economy
American households are already feeling the squeeze of a slower, pricier economy, a situation some observers warn could quickly cascade into a full-blown stagflationary episode—one in which growth stalls and inflation stays sticky. The Federal Reserve’s next move could determine whether those voices are right. For many consumers, the economy already looks like stagflation. Inflation
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U.S. consumer confidence inches up even as the Iran war sends energy prices soaring
U.S. consumer confidence rose modestly in April despite growing anxiety over soaring energy prices brought on by the war in Iran. The Conference Board said Tuesday that its consumer confidence index inched up to 92.8 in April from 92.2 in March. Though the gauge measuring American consumers’ confidence has ticked up the past two months,
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Janet Yellen on her legacy as the first woman to lead the Fed, Trump’s central bank clash, and Kevin Warsh’s tightrope
Throughout her career, Janet Yellen has broken barriers with several “firsts.” First woman to lead the Federal Reserve. First female treasury secretary. First and only person to hold the “big three” U.S. economic leadership positions—those two, plus chair of the White House council of economic advisors. Her latest honor is as a 2026 inductee into
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Trump’s ‘gold card’ visas were supposed to solve the $39 trillion national debt. They’ve only sold one
Whether or not you agree with President Trump’s methods to drum up revenue to assist with the government’s balance of payments, economists largely welcome the fact that at least the White House is talking about deficits. At the time of writing, the U.S. Treasury is sitting on debt worth just shy of $39 trillion, a
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‘Capitalism works because the losers die’: Kevin O’Leary says it’s a ‘really bad idea’ for the federal government to bail out Spirit Airlines
Spirit Airlines may have only days to secure a lifeline, but multimillionaire investor and Shark Tank star Kevin O’Leary thinks Washington should let the budget carrier crash and burn. In an interview on Thursday on NewsNation’s Katie Pavlich Tonight, O’Leary called the Trump administration’s reported $500 million plan to rescue Spirit Airlines a “really bad
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The ‘obscene economics’ of modern warfare show how the race to military supremacy is transforming, while U.S. rearmament relies on China
The Iran conflict has confirmed a transformation in the economics of warfare toward cheap, mass-produced weapons, forcing a wholesale rethinking of military procurement, according to a recent report. While the U.S. and Israel have decimated Iran’s military, the Islamic republic still has enough combat power to inflict meaningful economic and physical damage, said Noah Ramos,
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Russia’s economy minister admits ‘reserves have largely been used up’ while communist lawmaker warns of 1917-style revolution as GDP shrinks
The Kremlin offered more indications that it’s acknowledging Russia’s economy is in trouble after years of relying on military spending for growth. Last week, Economy Development Minister Maxim Reshetnikov told a business conference that the economy “is not easy” and called for reallocating the workforce, which has been tight as Russia’s war on Ukraine and
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Kevin Warsh is poised to lead the Fed with none of the gravitas Greenspan had but plenty of baggage from Trump, former Powell adviser says
President Donald Trump has made it clear he expects his choice for Federal Reserve chair to quickly cut interest rates once he takes office. Yet Americans shouldn’t pencil in lower borrowing costs for mortgages, auto loans, or business loans just yet. The odds of Kevin Warsh becoming chair by the time Jerome Powell’s term ends
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Milestones like marriage and parenthood are so delayed for millennials and Gen Z many of them are skipping out on life insurance, report finds
Due to the rising cost of housing and wages not catching up to inflation, Gen Zers and millennials are delaying major life milestones like buying a home or becoming a parent. In some cases, they’re pushing off these major milestones to enjoy life in the moment by traveling or making large purchases. This phenomenon is
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Intel’s blowout quarter just sparked its best day since 1987
A surge for Intel following a blowout profit report led the U.S. stock market to more records Friday, while oil prices kept yo-yoing in the wait for what’s next with the Iran war. The S&P 500 climbed 0.8% and topped its prior all-time high, which was set on Wednesday. The Dow Jones Industrial Average dipped