Economics

Fidelity Investments and AARP are warning Americans against tapping retirement accounts early, saying growing financial pressure is pushing more workers to treat 401(k)s like emergency savings accounts despite steep long-term costs. According to guidance cited by AARP, workers who withdraw money...

Former White House communications director Anthony Scaramucci warned that inflation and rising housing costs are leaving millions of Americans financially strained, arguing that many households can no longer realistically afford the median-priced U.S. home. Posting on X on Sunday, Scaramucci argued...

As the week wraps up, here’s a quick look at some of the top stories that made headlines over the past few days. Scaramucci Blames US For China’s Superpower Status Anthony Scaramucci, the founder of SkyBridge Capital, criticized the U.S. for its decision to grant China permanent...

Sen. Tom Cotton (R., Ark.) is urging Treasury Secretary Scott Bessent to sanction any country or entity enabling or facilitating Iran’s new Strait of Hormuz toll system, including Oman, a major U.S. ally involved in helping Iran establish it. Sanctions Push Targets Iran-Backed Strait...

Americans continue spending heavily on steaks and burgers despite record beef prices, forcing restaurants and the White House to confront mounting pressure from what some economists are calling "beeflation." Beef Prices Hit Record Highs Across America On Friday, speaking on CNBC's "Power Lunch,"...

Sen. Mark Kelly (D-Ariz.) called President Donald Trump‘s decision to walk away from his own artificial intelligence executive order a “failure,” warning that the lack of federal AI oversight could weaken U.S. competitiveness and the tech sector. Billionaire Influence Drove Trump...

The bull market keeps shrugging off every reason to stop. The S&P 500 — as tracked by the SPDR S&P 500 ETF Trust (NYSE:SPY) — closed the week on track for an eighth straight weekly gain. That’s its longest winning streak since December 2023, even as the Federal Reserve signals that...

Bill Simon, Former CEO of Walmart U.S., weighed in on Walmart Inc. (NASDAQ:WMT) first-quarter results and its stock valuation. Simon commended the company’s digital sales growth in its recent quarter, despite the economic challenges presented by high gas prices. Speaking on CNBC...

(Editor’s note: The future prices of benchmark tracking ETFs, and the headline were updated in the story.) U.S. stock futures rose on Friday as all three indices, including Dow Jones, S&P 500 and Nasdaq 100, advanced after Thursday’s positive moves. However, persistent uncertainty...

President Donald Trump on Thursday announced a rollback of Biden-era refrigerant regulations, arguing the changes will lower grocery prices, reduce air-conditioning costs and ease financial pressure on businesses and consumers. At a White House event alongside grocery executives and Environmental...

China has aggressively trimmed its holdings of U.S. sovereign debt to levels not seen since the global financial crisis, exacerbating a historic fixed-income selloff that has pushed the 10-year Treasury yield toward the critical 5% threshold. The Great Treasury Exodus Capital flight is hitting the...

A new JD Power report published Thursday found that 62% of Americans delayed major purchases in the last month as higher gas, grocery and household costs continued straining consumer budgets. The report said affordability concerns are intensifying across the country as inflation and higher living...

When Donald Trump returned to the Oval Office, one of his loudest promises was to make American factories booming again. The lever of choice was tariffs, as punitive duties on trading partners would force a reshoring of industrial activity. Fifteen months in, the manufacturing turnaround looks...

(Editor’s note: The future prices of benchmark tracking ETFs, the economic data, the lede and the headline were updated in the story.) U.S. stock futures pared earlier gains to decline on Thursday following Nvidia Corp.’s (NASDAQ:NVDA) first-quarter earnings results released after...