Finance
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The national debt is the same size as the economy. It’s a ‘disturbing warning and a call to action,’ watchdog says
Six months before Election Day, America’s $39 trillion national debt has moved from an abstract fiscal concern to a dinner-table anxiety — and voters across the political spectrum are demanding that candidates explain what they plan to do about it. A new national survey released Thursday by the Peter G. Peterson Foundation found that 92%
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Former Fed economist raises alarm on Warsh after historically partisan vote: ‘this is not normal is going to be a theme’
The Senate Banking Committee voted 13-11 along party lines Wednesday to advance Kevin Warsh’s nomination as the next chair of the Federal Reserve, the first fully partisan committee vote on a Fed chair in the panel’s history, according to Sen. Elizabeth Warren. Hours later, current Fed Chair Jerome Powell will deliver what is very likely
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Wind energy CEO says company must ‘adapt’ as Trump offers $2 billion to kill offshore wind projects
As the Trump administration considers shelling out billions to shutter offshore wind projects, energy executives are facing the uncomfortable reality that renewable energy may no longer be a viable business in the U.S. Earlier this week, Trump’s Department of the Interior said it would pay offshore wind ventures Bluepoint Wind and Golden State Wind a
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High earners are feeling the pain of wealth creep—and it’s leading to a new trade-off in their spending
Some of investing’s top voices have always warned against lifestyle creep. You have Warren Buffett still driving a beat-up car and living in his modest Nebraska home; Sheraton Hotels and Purdue Farms heiress Mitzi Perdue flying economy and wearing hand-me-downs; actress Keke Palmer keeping her rent below $1,500, and the 30-year-old billionaire founder Lucy Guo
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AI’s entry-level hiring nightmare is another gift to boomers’ retirement plans
The same technology that may be blocking a 23-year-old from landing their first job is lifting their parents’ 401(k). AI, long something claimed to eliminate the entry-level workforce by half in the future, is also gaining a bigger foothold in the stock market: something a financial analyst says is driving high gains for retirees’ portfolios,
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Elon Musk likes Bitcoin—but he just told a jury most crypto coins are scams
Elon Musk’s relationship with Sam Altman and OpenAI has famously soured. In testimony during his lawsuit against the artificial intelligence giant, it became apparent that Musk’s relationship with cryptocurrency has soured, too. When asked to explain crypto inside an Oakland courthouse on Wednesday, Musk said, “Some of them have merit, but most of them are
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‘The national debt is now larger than the economy’: Watchdog marks 100% of GDP milestone for $39 trillion burden
The United States has crossed a grim threshold: the national debt now exceeds the size of the entire American economy. As of March 31, debt held by the public stood at $31.27 trillion, while nominal GDP over the prior 12-month period was an estimated $31.22 trillion — pushing the debt-to-GDP ratio to 100.2%, according to
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For years, the risk Jamie Dimon was most concerned about was geopolitics. His answer has shifted
When Jamie Dimon is asked about the greatest risk he sees to the global economy, his answer for years has been “geopolitics.” It’s been with good reason. In the past handful of years, Russia invaded Ukraine, a major conflict broke out between Israel and Palestine, and the U.S. and Israel then launched attacks on Iran,
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Google shares hit all-time high on blowout earnings, market cap doubles to $4.4 trillion in just a year
Google’s transition into the era of artificial intelligence continued to pay off for its corporate parent, Alphabet Inc., which on Wednesday announced another quarter of the stellar growth that helped to more than double its already lofty market value during the past year. Alphabet earned $62.6 billion, or $5.11 per share, during the January-March period,
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U.S. GDP rebounds from lackluster end to 2025, grows at 2% rate in first quarter
The U.S. economy accelerated at the start of 2026, expanding at a modest 2% pace from January through March after recovering from last fall’s 43-day federal government shutdown. But the outlook is clouded by the Iran war. The Commerce Department reported Thursday that gross domestic product — the nation’s output of goods and services —