As the shutdown drags on, here’s how it can drag down the economy

History has shown that the economy typically rebounds from a shutdown within a couple of months. But each day it drags on brings a greater risk that the economy won’t just bend, it will start to break ...

This burrito is everything you need to know about America’s economy

America’s economy and stock market keep growing, buoyed by robust consumer spending and AI mega-growth. But hiring is at a standstill, inflation is rising, loan defaults are abundant and Americans ...

There’s a huge shift in Trump’s approval rating in new CNN poll

The CNN poll, conducted by SSRS, found that Trump’s approval rating sank to 37%, marking the lowest point in CNN polling of ...

Why the Goldman Sachs CEO isn’t buying the AI jobs freakout

The fingerprints of artificial intelligence are all over mass layoffs and downsizing at Meta, Amazon, Salesforce, YouTube and other major companies, raising fears of an AI-fueled jobs wipeout for ...
Opinion

A Trump-Xi trade deal won’t fix either country’s economy

The extraordinary trade war President Donald Trump unleashed has been taking a toll on both the Chinese and American economies. While China’s economy is in a far more precarious state, mostly due to ...

The government shutdown’s impact is spreading through the economy

The shutdown is stifling our ability to grow,” said Grant Richardson, who founded a wine import company, Pangea Selections, in 2019.

New CNN poll: President Trump’s approval rating falls to 37%, lowest of 2nd term

David Chalian and Dana Bash break down the brand new CNN poll that shows President Trump’s approval rating hovering around ...

Embattled Fed Governor Lisa Cook makes first public remarks since Trump said he fired her

Interest rates are in a good place to deal with persistently elevated inflation, Federal Reserve Governor Lisa Cook said Monday in her first public remarks since President Donald Trump said he had ...

There’s an economic explanation for why everything feels so tense right now

There is a perception on Wall Street that “underneath strong economic numbers, there are crevasses of credit and valuation risks that are deepening and broadening,” wrote Macquarie strategists Viktor ...

The US economy grew at a 3.8% rate in the second quarter, significantly stronger than previously reported

The US economy’s comeback in the second quarter was just revised higher again, and economists estimate that momentum carried on in the third quarter, underscoring the resilience of the world’s largest ...

Trump’s challenge: Hurting Putin without harming Americans at the gas pump

President Donald Trump’s sanctions crackdown on Russia risks undermining one of the bright spots in the Trump economy: tame ...
CNN

The Fed just cut rates. But relief might not come quickly enough for some Americans

“The economy’s prospects are tethered to the fortunes and spending of the well-to-do,” Mark Zandi, chief economist at Moody’s Analytics, told CNN. “Those in the top 20% of the income distribution are ...