U.S. Economy
Housing Market Fears as Home Builder Confidence Suffers Near-Record Plunge
Home builders' confidence in the housing market has dropped to 55 from 67 in the NAHB index from June to July.
Inflation Fee Added to Virginia Restaurant Menu: 'We Hope You Understand'
Sunset Grill owner Leslie Whitney said it "was not reasonable" to keep updating menus with daily price changes.
Millennials Holding Onto Money Has Aided Inflation, Wealth Advisor Says
Millennials have sparked "wolverine inflation" by putting off large purchases like houses for seven years longer than most generations.
Why You Should Care About 'Sticky' Inflation
The prices of some key items go up, but don't come down, very fast.
Fact Check: Biden Says U.S. Inflation 'Lowest of Almost Every Major Nation'
As Americans reel from the news that inflation has hit a 40-year high of 9.1 percent, was Joe Biden correct to say the country is performing better than most?
Clip of Joe Biden Calling Inflation Temporary Resurfaces as Prices Surge
"NEVER FORGET," the House Republican Conference tweeted alongside a clip of Biden's 2021 speech.
Joe Biden, Some Economists Say Recession Not Imminent, But Public Disagrees
For President Joe Biden and Democrats, the public perception of a weak economy may be much more important than an official declaration of a recession.
Stimulus Check Update: States to Send Payments Amid Inflation
The new round of economic stimulus payments comes shortly after the U.S. experienced its largest 12-month increase in the inflation rate since 1981.
America Headed for 'Real Economic Pain': Top Investment Firm
BlackRock reported Monday that "major spending shifts" and "production constraints," rather than excessive demand, have been driving inflation.
Jobless Claims Reach Highest in Months, Here's Which States Are Rebounding
"There were 235,000 new unemployment claims nationwide, which is a lot fewer than the 6.1 million during the peak of the pandemic," a WalletHub survey found.
Fed At Risk of Crashing U.S. Economy: Expert
"They have to realize that most of the inflation now is behind us, according to a professor at the University of Pennsylvania's Wharton School.
Falling Gas Prices May Be Short-Lived, AAA Warns
Decreasing gas prices have mounted fears that the drop is being driven by a looming recession.
Biden Approval Rating Plummets to New Low, Marking Year of High Disapproval
Fifty-eight percent of Americans say they disapprove of the job Biden is doing. Just over a third of Americans—36 percent—approve.
Biggest Winners and Losers in a Housing Market Crash, According to Experts
First-time homebuyers in particular could benefit from the drop in prices that accompanies a crash.
Biden Will Have to Admit the Economy Is in a Recession: Economist
Economist Peter Schiff said the economic turmoil in the U.S. is worse than what is being described, saying it will hurt much more than the Great Recession.
U.S. Is Already in a Recession: Billionaire Investor
ARK Invest CEO Cathie Wood said consumer sentiment, combined with supply chain problems, has already caused a recession.
Gas Boycott Suggestion Goes Viral, Draws 2008 Comparisons
Users on social media are calling for a mass boycott of gas sales over the July 4 weekend.
Crypto President Pushes for Government Regulation Amid Massive Losses
The lack of regulation has long been appealing to cryptocurrency investors, but now industry leaders are changing their tune.
Jerome Powell Testimony: Key Takeaways From Senate Hearing on Economy
The Federal Reserve chairman spoke on the likelihood of a recession, whether interest rates will rise again and how unemployment factors in.
Assembling the Mosaic of American Family Life
Record‐low birth rates, increasingly delayed or deferred weddings, and the rising cost of raising a child are leading policymakers and pundits to suggest new approaches to supporting family life in law.
Biden's Gas Tax Cut Could Help Democrats, But Make Surging Inflation Worse
A gas tax cut won't do much to fix high prices driven by a supply shock. Experts warn it could actually make inflation worse.
Trump Blasts Biden's Economy as 'Recession': 'What They're Doing Is Crazy'
The former president said the U.S. had the "greatest economy in the history of the world" before the Democrats "destroyed it."
Janet Yellen Says Inflation 'Unacceptably High,' Expects 'Economy to Slow'
The treasury secretary, however, said that she doesn't believe that a recession is "inevitable" on Sunday.
Americans Pawning Items to Buy Gas, Survive Inflation: Pawn Shop Owners
Consumers are selling everything from guns and game consoles to jewelry and family heirlooms to pay for basics.
Russia Envoy Says Biden Sanctions Backfire, Hurting U.S. Economy and Power
"It turns out that in an anti-Russian fever, Washington is ready to shoot itself in the leg and dance simultaneously," Anatoly Antonov said. "It looks absurd."
Economy Is Already Collapsing, Majority of Americans Believe
Only 20 percent of Americans think the U.S. economy is not in a recession.
U.S. Economy Heading for Almighty Crash, Top Stock Broker Says
Stock broker Peter Schiff said a crash is coming for the U.S. economy and has also said he has been right about a U.S. recession for the last 10 years.
The U.S. is Already in Recession—If The Atlanta Fed Is Right
The "nowcast" of GDP shows the U.S. hitting a second successive quarter of slowdown.
What Americans Should Know About the Politics of Inflation
The GOP only wants to simplistically cast blame for a complex issue on Democrats for their own political advantage.
U.S. Economy Is Going To Collapse, Top Investor Says
"Housing is starting to roll over. Inventories have exploded. There are layoffs in multiple industries," said crypto investor Michael Novogratz.