Macroeconomic news — GDP, inflation, employment, and the indicators shaping economic policy.
Many truckers don't feel like the rest of America about AI data centers as business booms
# AI Data Centers Deliver Unexpected Boom for Trucking Industry The trucking industry is experiencing a resurgence driven by an unlikely source: the …
With HSAs, employers are turning to the 401(k) playbook
Employers across the U.S. are reshaping employee benefits by treating health savings accounts (HSAs) as a retirement savings tool, mimicking the autom…
Trump admin targets tax-exempt status at private colleges — threatening a key tax break for donations
The Trump administration is pursuing a regulatory shift that threatens the tax-exempt status of thousands of private colleges and universities. The Tr…
‘Go Get Your Kicks’: The Europeans Obsessed With a U.S. Highway
Route 66 celebrates its centennial this year, and European travelers are flooding the iconic American highway in record numbers, driving spending acro…
U.S. payrolls rose 162,000 in August, much more than expected; unemployment rate at 4.1%
The U.S. labor market added 162,000 jobs in August, triple the expected 53,000, signaling resilience in employment despite persistent economic headwin…
The big August jobs report is due out Friday. Here's what to expect for what has been a jobless summer
The U.S. labor market enters its final monthly data point before the Federal Reserve's September meeting with expectations for a sharp deceleration. A…
Trump to meet with travel industry CEOs as White House touts World Cup tourism boost
President Trump plans to convene travel industry executives at the White House, capitalizing on momentum from the FIFA World Cup and signaling a strat…
Employer Health Costs Are Expected to Spike in 2027
Employer-sponsored health insurance costs are set to jump 11 percent in 2027, marking the steepest annual increase in decades unless companies slash b…
U.S. House votes to avoid government shutdown amid GOP hard-liner resistance
The U.S. House passed a stopgap spending bill on Tuesday that extends government funding through November, sidestepping an immediate shutdown threat a…
Australia posts second-quarter growth of 2.1%, beating expectations
Australia's economy expanded 2.1 percent in the second quarter, surpassing economist forecasts of 1.8 percent growth. The stronger-than-expected GDP r…
Treasury Bars Some Reporters From G20 Finance Meeting
The U.S. Treasury Department blocked credential applications from select journalists representing The New York Times, The Wall Street Journal, and Blo…
Warsh, After Talking Tough on Inflation, Faces a ‘No-Win Situation’ on Rates
Kevin Warsh confronts a political minefield as Federal Reserve chairman. The policy dilemma is stark. Warsh must choose between aggressive rate hikes …
K, C or E? Why economists can’t agree on the shape of today’s economy
The post-pandemic recovery narrative has fractured into competing interpretations among economists, with little agreement on which economic trajectory…
China industrial profits growth cools to slowest in seven months as economic slowdown deepens
China's industrial sector profits expanded at their slowest pace in seven months during July, signaling deepening economic stress across the world's s…
Bill Gates warns ‘there is no plan’ for the ‘upheaval’ AI will cause
Bill Gates issued a stark warning this week about governments worldwide failing to prepare for artificial intelligence's labor displacement and social…
Trump Administration Wants Billion-Dollar Businesses to Qualify as ‘Small’
The Trump administration is pushing to expand the federal definition of "small business," raising revenue and employee thresholds that determine eligi…
U.S. ‘Economic D-Day’ Targets More Than Just Iranian Oil
The U.S. Treasury Department expanded its sanctions architecture against Iran to target multiple economic sectors beyond petroleum, marking a signific…
E.P.A. Moves to Curb Public Input on Air Pollution Permits for Data Centers
The Environmental Protection Agency has proposed a rule that would strip away public transparency requirements for air pollution permits issued to dat…
Trump Threatens New 50% Tariffs on Cars, Trucks and Steel as U.S.-Canada Trade War Unfolds
President Trump escalated trade tensions by threatening 50% tariffs on automotive and steel imports effective January 1, pushing the U.S. and Canada t…
Small UK power generator shut down after cyberattack linked to Iran: Telegraph
A small UK power generator halted operations following a cyberattack with Iranian links, the Telegraph reported. The UK government stated the incident…
Emergency savings shortfall signals 'danger' for working households, Suze Orman says
Personal finance expert Suze Orman warns that working households face a dangerous gap in emergency preparedness. A recent survey found that a mere $50…
U.S. Economy Could Feel the Sting From Trade War With Canada
The U.S. faces mounting economic risks from escalating tariffs on Canadian goods, threatening to compound inflation pressures on American consumers an…
The Economy Got Used to Low Borrowing Costs. Their Exit Could Pose Risks.
# The Economy Got Used to Low Borrowing Costs. Their Exit Could Pose Risks The U.S. economy faces a historic recalibration after nearly two decades o…
Ray Dalio says Bessent move is sign that a debt crisis is getting closer; recommends gold and bitcoin
Ray Dalio, the billionaire founder of Bridgewater Associates, flagged rising alarm bells about U.S. fiscal health this week, interpreting Treasury Sec…
Taiwan's AI-fueled forecast of 11% GDP growth likely not sustainable, economists say
Taiwan's economy faces headwinds despite strong near-term growth projections. The island nation's government forecasts 11% GDP expansion, but economis…
Bond Investors’ Inflation Angst Rises on Fed’s Lack of Guidance
Bond yields climbed higher as investors grew anxious over the Federal Reserve's communication gap on inflation control. The 10-year Treasury yield sta…
Why Treasury Yields Are Rising, and What That Means for the Economy
Treasury yields have climbed sharply in recent weeks, pushing 10-year yields above 4.3 percent and reshaping borrowing costs across the American econo…
U.S. Debt Hits $40 Trillion as America’s Borrowing Binge Continues
The U.S. national debt has surpassed $40 trillion, marking a critical milestone in America's fiscal deterioration. This milestone arrives as President…
Inflation Worries Prompted Fed Officials to Dissent on Holding Rates Steady
Federal Reserve Chairman Kevin Warsh faces internal dissent over the central bank's decision to hold interest rates steady, with some officials pushin…
Fed’s Powell says rate cut ‘on the table’ as soon as September
Federal Reserve Chair Jerome Powell signaled openness to cutting interest rates as soon as September, pivoting the central bank's stance toward easing…
India’s College Boom Is Leaving Graduates in Debt and Without Jobs
India's rapid expansion of private higher education has created a troubling mismatch between student ambitions and labor market realities. Families ar…
Asia FX lacks direction with Fed outlook, U.S.-Iran tensions in focus
Asian currency markets are treading water as traders weigh competing pressures from the Federal Reserve's policy trajectory and escalating U.S.-Iran t…
Japan’s 10-year yield hits three-decade peak on inflation worries
Japan's 10-year government bond yield climbed to its highest level in three decades, breaching the 1% threshold as inflation concerns grip the world's…
Japan second-quarter GDP grows 1.1% on an annualized basis, missing expectations
Japan's economy expanded at a 1.1% annualized rate in the second quarter, falling short of the 2% forecast and signaling weakening momentum in the wor…
What the results of a Connecticut congressional primary race may mean for Social Security
Rep. John Larson, a long-serving Connecticut Democrat and vocal advocate for Social Security expansion, lost his primary race Tuesday. The defeat remo…
Inflation Eased Slightly in July, but Prices Remain Elevated as War Drags On
Inflation moderated marginally in July as energy prices retreated from their spring peaks, but persistent cost pressures across goods and services rem…
Heat, Fire, Smoke and Storms Are Wreaking Havoc on the Economy
Climate disasters are inflicting mounting financial damage across the U.S. economy. Extreme heat waves, wildfires, smoke, and severe storms are disrup…
Weak Jobs Report Does Not Eliminate Prospects of Interest Rate Rise
The Federal Reserve maintains its hawkish stance despite Friday's disappointing jobs report, signaling that weaker employment data alone won't derail …
Germany flash services PMI falls to 9-month low of 49.4
Germany's services sector contracted in December, with the flash Purchasing Managers' Index dropping to 49.4, marking a nine-month low and signaling w…
Worker Pay Isn’t Keeping Up With Inflation Once Again
Real wage growth has stalled again as inflation outpaces salary increases across broad sectors of the American workforce. New research confirms worker…
July Retail Sales Notch Biggest Drop in Over a Year
U.S. retail sales fell sharply in July, posting the largest monthly decline in over a year as inflation continues to squeeze American household budget…