GDP

Professor Steve Hanke, an economist at Johns Hopkins University, called for a constitutional debt brake in the U.S. in an X post on Thursday. He shared a post citing Bureau of Economic Analysis data showing U.S. national debt has crossed 100% of GDP for the first time since World War II. THE U.S...

Leading cryptocurrencies moved sideways, while stocks rallied to record highs on Thursday as investors digested the U.S. economy’s first-quarter growth that fell short of forecasts. Cryptocurrency 24-Hour Gains +/- Price (Recorded at 9:30 p.m. EDT) Bitcoin (CRYPTO: BTC) +0.22% $76,501...

Editor’s note: This article was updated to add more details and context. U.S. economic activity expanded at an annualized rate of 2% in the first quarter, according to the advance estimate released Thursday. The reading marked an acceleration from the prior 0.5% pace but came in below...

 Jamie Dimon, CEO of JPMorgan Chase & Co. (NYSE:JPM) did not predict when America’s $39 trillion debt issue might reach its peak, but stressed that the country’s fiscal trajectory cannot be ignored indefinitely.  Speaking at the  NPR's Newsmakers ...

U.S. equities traded in mixed territory Friday morning as Wall Street weighed a stark downward revision to fourth-quarter economic growth against a sticky inflation reading prior to the oil shock of the war in Iran. • State Street Consumer Staples Select Sector SPDR ETF stock is...

As optimism grows around strong U.S. economic data and artificial intelligence-driven productivity gains, a debate has erupted among top tech leaders over whether rapid growth could deepen inequality — and whether taxing AI may be part of the solution. Strong GDP Growth Sparks Tech Leaders' AI...

Billionaire entrepreneur and Tesla Inc. (NASDAQ:TSLA) CEO, Elon Musk’s one-word response to a post on X is shedding light on the sheer size and scale of China’s economy, while also busting assumptions regarding the East Asian giant’s reliance on the United States. China’s...

The U.S. economy returned to form in the second quarter, growing at a 3.3% annualized pace —a sharp turnaround from the sluggish first quarter, which saw a 0.5% contraction as businesses scrambled to navigate the return of tariffs under President Donald Trump. Thursday's report from the Bureau of...

The United States' negative net international investment position (NIIP) might be too deep for the current administration. While Donald Trump‘s protectionist measures promise a revival of domestic industry, structural imbalances in savings, investment, and global capital flows suggest tariffs...

Billionaire investor and founder of Bridgewater Associates, Ray Dalio, has sounded the alarm on the U.S. fiscal trajectory following the passage of the ‘One Big, Beautiful Bill Act.’ What Happened: In a post on X, Dalio projected that the new budget, with annual spending of $7 trillion...

Financial analyst Gary Black, the managing partner at the Future Fund LLC, has issued a bold take on the U.S. fiscal health, likening the nation's debt to corporate debt levels and calling it “fairly low.” What Happened: In a post on X, Black argued that the U.S. debt-to-GDP ratio of...

Mohamed El-Erian, a prominent economist and former CEO of PIMCO, has voiced significant concerns regarding the Federal Reserve, asserting that it is “getting harder to convince people that the Fed is apolitical.” What Happened: In a recent Substack post, El-Erian identifies three...

Mark Cuban reshared a post supporting Rep. Ro Khanna‘s (D-Calif.) “Progressive Deficit Reduction Plan,” which aims to slash the U.S. deficit by $12 trillion over the next decade. What Happened: Khanna detailed the plan, emphasizing $2.4 trillion in spending cuts as a cornerstone...

Billionaire Elon Musk and Sen. Mike Lee (R-Utah) have endorsed veteran investor Warren Buffett‘s famous plan to eliminate the mounting U.S. deficit crisis in “five minutes.” What Happened: An old video of the ‘Oracle of Omaha,’ Buffett, is making rounds on social media...

The U.S. economy confirmed signs of fragility in early 2025, as gross domestic product slipped into negative territory, while latest unemployment benefits surged to the highest levels since 2021, suggesting headwinds for growth and hiring. GDP Contracts, Corporate Profits Slide In the first...