Behind America’s divided economy: Booming luxury travel and a jump in ‘relief’ loans
At American Express, consumers are continuing to open high-fee credit cards and splurge on luxuries like travel. But for lending…
Consumer sentiment tumbles as inflation fears surge
Consumer sentiment slumped as inflation expectations rose, despite otherwise strong signals in the economy, according to a closely watched survey…
Traders reassess Bank of England rate cuts as UK grows at fastest rate in nearly 3 years
LONDON — A slew of commentary from the Bank of England and a better-than-expected economic growth number have left traders…
UK economy emerges from recession with 0.6% growth in first quarter
The U.K. economy has emerged from recession as gross domestic product rose 0.6% in the first quarter, official figures showed…
The U.S. is now Germany’s biggest trading partner — taking over from China
After years of China being Germany’s main trading partner, the U.S. looks like it’s quietly taking that top spot as…
Weekly jobless claims jump to 231,000, the highest since August
Initial filings for unemployment benefits have hit their highest level since late August 2023, a potential sign that an otherwise…
Stanley Druckenmiller gives Biden’s economic policies an ‘F,’ blames the Fed for reigniting inflation
Reckless government spending enabled by the Federal Reserve is hurting average Americans and endangering President Joe Biden’s chances at getting…
Renters’ hopes of being able to buy a home have fallen to a record low, New York Fed survey shows
The dream of home ownership has gotten even further away for renters, with higher housing costs and elevated interest rates…
Immigrant workers are helping boost the U.S. labor market
The strong jobs market has been bolstered post-pandemic by strength in the immigrant workforce in America. And as Americans age…
Jobless rates rise in April for all racial groups except Black Americans
The unemployment rate for Black Americans fell in April, bucking the overall trend, according to data released Friday by the…
