U.S. Economy

Home builders' confidence in the housing market has dropped to 55 from 67 in the NAHB index from June to July.

Sunset Grill owner Leslie Whitney said it "was not reasonable" to keep updating menus with daily price changes.

Millennials have sparked "wolverine inflation" by putting off large purchases like houses for seven years longer than most generations.

The prices of some key items go up, but don't come down, very fast.

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?

"NEVER FORGET," the House Republican Conference tweeted alongside a clip of Biden's 2021 speech.

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.

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.

BlackRock reported Monday that "major spending shifts" and "production constraints," rather than excessive demand, have been driving inflation.

"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.

"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.

Decreasing gas prices have mounted fears that the drop is being driven by a looming recession.

Fifty-eight percent of Americans say they disapprove of the job Biden is doing. Just over a third of Americans—36 percent—approve.

First-time homebuyers in particular could benefit from the drop in prices that accompanies a crash.

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.

ARK Invest CEO Cathie Wood said consumer sentiment, combined with supply chain problems, has already caused a recession.

Users on social media are calling for a mass boycott of gas sales over the July 4 weekend.

The lack of regulation has long been appealing to cryptocurrency investors, but now industry leaders are changing their tune.

The Federal Reserve chairman spoke on the likelihood of a recession, whether interest rates will rise again and how unemployment factors in.

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.

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.

The former president said the U.S. had the "greatest economy in the history of the world" before the Democrats "destroyed it."

The treasury secretary, however, said that she doesn't believe that a recession is "inevitable" on Sunday.

Consumers are selling everything from guns and game consoles to jewelry and family heirlooms to pay for basics.

"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."

Only 20 percent of Americans think the U.S. economy is not in a recession.

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 "nowcast" of GDP shows the U.S. hitting a second successive quarter of slowdown.

The GOP only wants to simplistically cast blame for a complex issue on Democrats for their own political advantage.

"Housing is starting to roll over. Inventories have exploded. There are layoffs in multiple industries," said crypto investor Michael Novogratz.