Homeowners Should Brace for Property Price Drop: Data, Experts
Real estate prices have declined over the past several months, but there could be much more to come, data and some experts indicate.
R. Bruce Josten: Expiration of tax cuts would push economy over the cliff
WASHINGTON — No piece of legislation before the U.S. Congress requires action more urgently than extending the tax cuts of 2001 and 2003. Failure...
Walmart Has ‘A Lot of Trepidation’ About Economy, as Consumers Feel ‘Very Pressured’
Walmart is concerned about the U.S. economic outlook this year after its latest earnings projections showed that consumers were under heavy pressure.
US Economy Adds 528,000 Jobs in July, Surpassing Estimates
The U.S. economy added 528,000 new jobs in July, topping the market estimate of 250,000, according to the Bureau of Labor Statistics (BLS).
3rd Wave of Inflation Will Be Unleashed If Fed Doesn’t ‘Get Its Act Together’:...
Mohamed El-Erian warned a third wave of inflationary pressures is building and will be “unleashed” if Federal Reserve doesn’t act quickly.
Fed Will Soon Return to Money Printing to Avert Government Default, Says Analyst
Federal Reserve likely to continue to print substantial amounts of money because doing otherwise would threaten federal gov. with insolvency.
Social Security Payments Update Coming This Week, and It Could Be Significant
The Social Security Administration is expected to announce its COLA, for Social Security recipients this week—and it could be the largest increase in decades.
American Drivers Go Deeper Into Debt as Inflation Pushes Car Loans to Record Highs
As vehicle prices rise amid inflationary pressure, Americans buying new cars are taking on higher loans and going deeper into debt.
Bank of America Survey ‘Screams’ Market Capitulation in 2023, Experts Warn Worst Is Yet...
Strategists at B of A have warned about stocks seeing a massive surge in selling pressure in a falling market that often leads to a dramatic decline in prices—this year.
Amazon Makes History After Losing $1 Trillion in Market Value Amid Tech Stock Rout
Amazon has become first publicly traded company in history to lose $1 trillion in market valuation amid a volatile economy that has sparked a broad tech selloff.
America’s Economy Fell Into a Technical Recession, New GDP Data Confirms
Latest readings on U.S. GDP for 2nd quarter saw economy contract at slightly slower pace, but it still remains in a technical recession.
Anomaly in Employment Statistics Grows: How Many Americans Actually Work?
When surveyed by the government, employers report they have added people to their payrolls, but Americans say they are not actually working.
