Economy - /contrib/economy

President Trump again took aim the Federal Reserve for its interest rate hike last week — but said he had overall confidence in the U.S. economy.

The plummet followed a tumultuous few days in Washington, amid reports that Trump was discussing how to remove Federal Reserve Chairman Jerome Powell.

Mnuchin took to Twitter again on Sunday to say he’d spoken to heads of the biggest U.S. banks about liquidity and lending infrastructure, and reconvened a presidential working group established to sort out the Crash of 1987.

The US stock market sank deeper into the red following sluggish economic reports on Monday and bad news from a couple of blue chip giants. The Dow fell 500 points, or 2.1%. The S&P 500 lost 2.1% and retreated to its lowest level of the year.

Big losses in bank, tech and industrial stocks as Wall Street sees two countries still far apart on key trade issues

62 percent of jobs don't pay enough to support middle-class lifestyle after figuring metro area's cost of living.

The global selloff has erased $5 trillion from stock and bond markets in October alone! October is a historically bad month for stocks. Many of the most dramatic crashes have begun during this month. The global market crash of 2018 seems to be in line with this trend and the crash is

National Economic Council Director Larry Kudlow took issue with former President Barack Obama stating "remember who started" the country's economic recovery after the Great Recession.

The middle class in America has been declining for decades, and we continue to get even more evidence of the catastrophic damage that has already been done. According to the Social Security Admini

Bank of America is ringing the proverbial bell on the US real estate market, saying existing home sales have peaked, reflecting declining affordability, greater price reductions and deteriorating housing sentiment. In the latest weekly report from chief e

Americans are riding the wave of an economic recovery, but some analysts are warning of a coming crash that could be the worst the nation...

Millennials have tons of debt. But it's not necessarily from being irresponsible. A new study from LendingTree shows that the greatest amount of millennial debt stems from getting an education.

Closed storefronts are typical in American cities across shopping malls that once flourished in commercial zones of suburbia are now empty and abandoned. As the retail apocalypse deepens, more than 3,800 stores are expected to close across the country this year. Department stores like Kmart,

America’s long-term “balance sheet numbers” just continue to get progressively worse. Unfortunately, since the stock market has been soaring and the GDP numbers look okay, most Americans assume that the U.S. economy is doing just fine.
The truth is that GDP is not the best measure for the health of

While the rest of the economy pointed higher in July, American workers took a step backwards. Hourly and weekly earnings actually declined on the month when factoring in the rise in cost of living, according to figures the Labor Department released Friday

Prices rose at their highest clip since 2012 over the past year, the Labor Department reported Thursday. The 2.9 percent inflation for the 12-month period ending in June is a sign of a growing economy, but it's also a painful development for workers,

Money manager Michael Pento is sounding the alarm because we are getting very close to something called a "yield curve inversion." Pento explains, "Why do I care if the yield curve inverts?" "Bec

- U.S. central bankers discussed whether recession lurked around the corner and expressed concerns global trade tensions could hit an economy that by most measures looked strong, minutes of the Federal Reserve's last policy meeting on June 12-13 relea

The last few months have seen a rash of studies on a coming automation apocalypse, and analysts are moving to a few targeted worries about the jobs future: Their big picture: There may be a long, deep economic disruption lasting decades and taking million

Last year, three states in the Northeast New Jersey, New York and Connecticut landed in the top five places people were moving out of fastest, according to 2017 data from United Van Lines. The cost of living across the region is among the highest in the nation and three of the five most expensive