US economy

Treasury Secretary Scott Bessent suggested that the economic growth of the current quarter might “be slower than it was” due to the U.S.-Iran war. Speaking to CNBC’s Sara Eisen on Wednesday, Bessent emphasized that the economy was in “such good shape” before the...

One of the clearest signs of consumer stress in 2026 may not appear first in bank earnings or headline economic data. It is showing up at the pawn counter. The latest fuel-cost surge in the U.S., which saw gas prices climb to $4.166 per gallon as of April 8, exposed the household strain. Per...

The Bureau of Labor Statistics (BLS) and the Institute for Supply Management (ISM) have officially responded to accusations that the massive divergence in their March service-sector employment data exposes a fundamental flaw in U.S. economic reporting. Both agencies are pushing back against claims...

Economic momentum in the United States is no longer moving in one direction — it is fragmenting. The Fed’s latest Beige Book paints a picture of a two-speed economy: five out of twelve Fed Districts now reporting flat or declining activity — up from four last time. Beneath the surface, the...

U.S. heavy vehicle sales are one of those unglamorous but powerful leading indicators. When fleets are confident about freight demand 6 to 12 months out, they order trucks. When they're nervous, they slam the brakes on capex. The 2025 market saw a retreat, even if the pace of decline has shifted....

November's delayed jobs report failed to deliver the clarity investors were looking for. Instead, it widened the divide among Wall Street economists debating whether the U.S. labor market is simply cooling or quietly starting to crack. At the center of the debate is a simple but consequential...

The wealth gap in the United States isn't just wide—it's a chasm. The top 1 percent, about 1.3 million households, hold $52 trillion in net worth. The bottom 50 percent, 66 million households, scrape together just $4 trillion. The latest data from the FED shows this canyon, not a gap, within the...

In a recent interview, UBS Group AG CEO Sergio Ermotti expressed optimism about the U.S. market, despite ongoing tariff uncertainties. What Happened: Ermotti, during an interview with Fox Business on Mornings With Maria, pointed out the “fantastic opportunity”...

President Donald Trump‘s approval rating among Baby Boomers has seen a significant surge, potentially solidifying his political base as we approach the 2026 midterm elections. What Happened: The latest Quantus Insights poll shows a significant shift in Trump’s approval rating...

Once a symbol of financial catastrophe, subprime consumers are now showing signs of resilience and spending power that defy economic uncertainties, according to Goldman Sachs, with the bank highlighting several investment opportunities tied to the lower-income group. In a note issued Wednesday,...

As markets hold steady despite rising geopolitical tensions, top strategists are urging caution that ignoring key risks may expose investors to short-term shocks and a potentially deeper market correction. What Happened: Lori Calvasina, head of U.S. equity strategy at RBC Capital...

Entrepreneur and “Shark Tank” investor, Kevin O’Leary, has expressed concern over the increasing difficulty Americans are experiencing in contributing to their 401(k) plans due to overspending. What Happened: Despite acknowledging the importance of 401(k) plans as...

The recent airstrikes by Israel in Iran are not expected to have a significant impact on the U.S. economy, according to leading economists. What Happened:  Although potential risks remain, the U.S. economy’s current outlook appears relatively stable, MarketWatch reported. “I think the...

A resurfaced 2004 interview clip where Donald Trump, then a businessman and reality TV star, suggested that the U.S. economy performs better under Democratic administrations. This statement starkly contrasts with his political rhetoric and policies during his presidency. What Happened: In...

Former PIMCO CEO and current Allianz’s chief economic adviser, Mohamed El-Erian, has suggested that the era of U.S. exceptionalism is on pause, not conclusively over, amid President Donald Trump‘s tariffs and economic uncertainty. What Happened: El-Erian expressed his views on the...