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JPMorgan Sees Resilience in U. S. Economy Despite Iran War
2+ hour, 53+ min ago (476+ words) The war in Iran has boosted gas prices and created geopolitical turmoil, but it has not dented the profits of Wall Street's biggest firms so far. That was underscored on Tuesday when a fresh set of banks and asset managers…...
Middle East War Will Slow Global Economic Growth, I. M. F. Warns
9+ hour, 52+ min ago (653+ words) War in the Middle East has upended the world economy, the International Monetary Fund said on Tuesday, warning in a report that disruptions to oil markets could slow growth, fuel inflation and raise the possibility of a global recession. The…...
Tariffs are the new normal, and now most CEOs expect the import taxes to outlast the Trump administration, Pw C report finds
16+ hour, 2+ min ago (549+ words) Ancient Greek philosopher Heraclitus was credited for saying, "Change is the only constant," and about 2, 500 years later, American CEOs are heeding his wisdom. Executives are accepting tariffs as the new normal and are preparing to weather the levies even after…...
Most of Wall Street points to high oil prices as the driver of inflation. A maverick Johns Hopkins economist says they're chas
15+ hour, 11+ min ago (939+ words) Following the Commerce Department's release on the morning of April 10 showing that March consumer prices rose at 3. 3% year over year in March, this writer received well over a dozen emails from Wall Street analysts, market strategists and economists making the…...
Americans are more frustrated with the economy than ever and sky-high gas prices could be a big reason why
1+ day, 4+ hour ago (520+ words) Americans are feeling despondent about gas. It's a dour time for consumers " in April, the University of Michigan's Consumer Sentiment Index, which surveys consumers on how they feel about current and future economic conditions, hit an all-time low. "Prices at…...
Why America is running out of public companies
1+ day, 11+ hour ago (459+ words) Todd J. Zywicki is George Mason University Foundation professor of law at Antonin Scalia Law School. U. S. public markets are quietly shrinking. Since the late 1990s, the number of publicly traded companies has fallen by more than half. Initial public offerings, once a…...
What Kevin Warsh misunderstands about the Maestro's method
1+ day, 12+ hour ago (321+ words) Adam M. Guren is an associate professor of economics at Boston University. Fed chair nominee Kevin Warsh has turned to the myth of "the Maestro" to provide an intellectually coherent reason for acceding to President Donald Trump's demand for lower interest…...
Turns out the American middle class didn't die. It got richer'and felt poorer
2+ day, 6+ hour ago (209+ words) It is simply inaccurate to characterize the "shrinking" middle class as reflecting diminished economic security rather than material progress," Rose and Winship wrote. The claim has substantial merit. But it also misses something fundamental about why Americans feel the way…...
A millennial made $280 K working 3 remote jobs " until the job market turned against him: "It was great until it wasnR
3+ day, 12+ hour ago (873+ words) Michael struggled to pay down debt until he turned to an unconventional strategy: secretly working multiple full-time jobs at once. In 2020, Michael was working remotely as a technical recruiter, and his job wasn't very demanding. He wished he could do…...
Forget GDP. Meet GDI: The new economic scorecard for AI power
4+ day, 20+ min ago (246+ words) There's an emerging new way to measure economies in the AI era: Gross Domestic Intelligence, or GDI. "We believe investors may begin to assess "Gross Domestic Intelligence' resources at the national level, and this may well become an important investment…...