3+ week, 2+ hour ago   (467+ words) Phillip Grant is feeling optimistic. He thinks he’s the best man to operate Mayor Zohran Mamdani’s city-run supermarkets. Along with being a former city economic development executive and construction entrepreneur, he’s a New Yorker who’s shocked that an orange costs…...

3+ week, 13+ hour ago   (1468+ words) Year after year, the federal government has spent more than it collected in taxes. Each annual shortfall increased the national debt, slowly at first and then by leaps, defying warnings of an inevitable reckoning. Now, the reckoning may be at…...

3+ week, 23+ hour ago   (360+ words) Small businesses are offering retirement plans a lot more often than they used to, and white-collar workers are benefiting the most. Nich Tremper, senior economist at payroll and benefits platform Gusto, said over 5 million more small-business workers had access to…...

3+ week, 1+ day ago   (1469+ words) Year after year, the federal government has spent more than it collected in taxes. Each annual shortfall increased the national debt, slowly at first and then by leaps, defying warnings of an inevitable reckoning. Now, the reckoning may be at…...

3+ week, 1+ day ago   (1337+ words) The era of low interest rates is over. The economic hangover is just beginning. Interest rates on long-term U.S. government debt hit their highest level in nearly 20 years this week, and yields are also rising for government bonds around the world....

3+ week, 1+ day ago   (674+ words) Twenty-five years ago, multinationals found themselves facing an affordability crisis. Emerging economies were growing at 3x to 4x the rate of developed economies (they are still growing ~2x faster now). The collective purchasing power of billions of potential consumers and the growing middle…...

3+ week, 3+ day ago   (156+ words) The U.S. national debt has officially surpassed $40 trillion, the U.S. Treasury Department reported Wednesday. In its latest Daily Treasury Statement, the agency said “total public debt outstanding” stood at $40,047,426,000 as of Tuesday afternoon. The milestone has arrived months earlier than forecasters previously…...