Economy

Americans Could See up to $2,000 Tax Refunds Next Year, Says Treasury Secretary

Treasury Sec. Scott Bessent says working Americans will receive “very large refunds” next year as new tax cuts from the One Big Beautiful Bill Act take effect.

US Trade Deficit Unexpectedly Falls to 5-Year Low as Exports Surge

Trump’s tariffs helped reduce the U.S. trade deficit, bringing it to its lowest monthly level in over five years, new federal data shows.
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Federal Reserve Poised to Cut Interest Rates at Final Meeting of 2025

The Fed is expected to cut rates at its final meeting of the year, with attention shifting to Chair Powell’s outlook for 2026.

Fed’s Key Inflation Measure Cools, Personal Incomes Top Estimates

Despite consumers’ assessment of economic conditions, new survey data suggest they have become more confident about the economy.

World’s Billionaire Population Surges to New Record High: UBS

The ultra-rich grew even wealthier this year and the world has more billionaires than ever, according to Swiss bank UBS.

US Weekly Jobless Claims Fall to Lowest Level Since September 2022

Continuing jobless claims also edged lower for the second straight week to two-month low. The number of Americans filing for...

US Economy Outperforms on Back of Tech Investment Boom, OECD Says

The OECD said the United States is outperforming other advanced economies largely because of exceptionally strong investment in ICT and AI.

1 in 4 Unemployed Americans Has a Degree—The Future of White Collar Jobs

With AI reshaping jobs and graduates unprepared for the market, the once-joyous cap-tossing tradition now marks disappointment for many.