News
Wealthiest Americans increasingly driving U.S. economy
2+ hour, 48+ min ago (144+ words) Experts are growing more concerned about the so-called "K shaped economy" where those at the top are thriving and increasing their spending even as those less wealthy are struggling to make ends meet. NBC News" Senior Business Correspondent Christine Romans…...
Economy saw 4.3% jump in late summer spending surge
16+ hour, 27+ min ago (114+ words) This is additional taxonomy that helps us with analytics Economy saw 4.3% jump in late summer spending surge Investigation reveals timeline in Melodee Buzzard's death At least two killed in Pa. nursing home explosion SCOTUS blocks deployment of National Guards to…...
Spending helped drive 4.3% economic growth between July and September, delayed GDP report shows
1+ day, 10+ hour ago (840+ words) The U.S. economy grew at a rapid rate of 4.3% in the third quarter of this year, according to an estimate released Tuesday by the federal Bureau of Economic Analysis. The estimate, which had been delayed by the government shutdown, shows that…...
Long-delayed inflation data will finally be released
6+ day, 16+ hour ago (431+ words) Consumers are about to find out just how much more they paid at checkout in November, one of the busiest shopping months of the year. The Bureau of Labor Statistics is set to release inflation data for November at 8:30 a.m. ET....
Stocks close sharply lower as AI angst returns
1+ week, 8+ hour ago (506+ words) Stocks dropped sharply on Wednesday as jitters about the booming artificial intelligence sector once again returned to the top of investors' minds. The catalyst for the tumble was, once again, a story about cloud computing giant Oracle. Before the opening…...
Tech stocks plunge as AI angst returns
1+ week, 13+ hour ago (532+ words) Stocks dropped sharply on Wednesday as jitters about the booming artificial intelligence sector once again returned to the top of investors' minds. The catalyst for the tumble was, once again, a story about cloud computing giant Oracle. Before the opening…...
Jobs reports to finally lift the fog on a fragile U.S. labor market
1+ week, 1+ day ago (680+ words) An answer is finally coming to a question that economists, consumers and even the chair of the Federal Reserve have been asking for months: What is happening with the nation's labor market? Emerging from the longest government shutdown in U.S. history,…...
Poll: Majority plan to spend less on holiday gifts this year amid broader economic concerns
1+ week, 1+ day ago (477+ words) A majority of U.S. adults, 55%, say they will spend less on holiday gifts this year compared with last year, according to a new NBC News Decision Desk Poll powered by SurveyMonkey, highlighting how inflation has changed spending habits. Only 9% say they…...
Tech stocks tumble amid renewed AI worries on Wall Street
1+ week, 6+ day ago (675+ words) As tech companies push the stock market to record highs, fears of an AI bubble continue to simmer on Wall Street, where even a slight earnings miss threatens to upend high-flying stocks. On Thursday, Oracle was the latest company to…...
Federal Reserve reappoints regional bank presidents after Trump officials float changes
1+ week, 6+ day ago (611+ words) BREAKING: Kilmar Abrego Garcia is released from ICE custody following judge's order The Board of the Federal Reserve System on Thursday said that it had reappointed all regional Fed bank presidents, just days after the Trump administration began suggesting that…...