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2 mins read
US economic growth came in slightly under expectations but consumer spending remains strong
While third-quarter GDP came in at 2.8% compared to 3% expectations, 2024 continues to be a strong …
Madison Hoff
1 min read
The IMF just raised its growth forecast for the US economy this year — but expects a slowdown in 2025
The International Monetary Fund projected US growth of 2.8% this year, falling to 2.2% in 2025, but…
Theron Mohamed
2 mins read
Russia's economic growth is masking a looming 'economic catastrophe,' researchers say
Russia's private sector is deteriorating while the nation pours money into its military and defense…
Jennifer Sor
2 mins read
Some Russians are spending like no tomorrow with 'considerable' overheating in the economy
Russia's central bank hiked interest rates from 16% to 18% to cool its overheated wartime economy.
Huileng Tan
3 mins read
Wages have outpaced inflation since 2020 but many consumers still feel burdened by prices
On average, wages have outpaced inflation since the pandemic, but even with those gains, plenty of …
John Towfighi
2 mins read
Russians are spending big on travel and cognac. But the boom is just one 'last growth spurt,' says an analyst.
Russia's central bank has hiked the country's key interest rate to 18% to cool the overheated econo…
Huileng Tan
2 mins read
A 'silver tsunami' of retirement-age baby boomers is creating a big opportunity for real-estate investors, research firm says
America's 65-plus population is on track to reach 80 million over the next 16 years, according to t…
Jennifer Sor
4 mins read
4 signs of re-inflation investors should watch out for, Charles Schwab says
The Fed could cut interest rates "slower and shallower" in 2025, according to Charles Schwab strate…
Jennifer Sor
4 mins read
Trump's trade restrictions could be good for American semiconductor jobs
Donald Trump's campaign promise of tariffs could create semiconductor jobs in the US but lead to h…
Jacob Zinkula
3 mins read
3 reasons why Russia's economy can survive without crisis for up to 5 more years, think-tank economists say
Expectations that Russia's economy will struggle are misplaced, and multiple factors should keep th…
Filip De Mott
1 min read
Under strain from war, Russia plans a massive layoff in its public sector: report
Russia is expected to lay off at least 40,000 government officials by July, according to a report b…
Hannah Abraham
2 mins read
Russia's inflation is so bad that potatoes cost 64% more than they did at the start of the year
Prices of potatoes — a Russian staple — have surged by 64% this year.
Huileng Tan
3 mins read
Democrats wished the election was about jobs. Trump's win showed it was about prices.
President-elect Donald Trump gained support in some states that saw declines in real wage growth, h…
Ayelet Sheffey,Madison Hoff
2 mins read
The odds of Russia's economy collapsing are 'extremely small' and the war can go on for the long term, economist says
Russia can fight the war in Ukraine indefinitely as its economy has adapted and is now stable, an e…
Jennifer Sor
3 mins read
Trump is about to make the Fed's job a lot harder
Trump's plans for tariffs could stoke inflation and make the Fed's interest-rate decisions more com…
Jennifer Sor
2 mins read
India's Services Index jumps to 58.5 in October as employment grows the fastest in 26 months
India's services sector witnessed a robust performance in October, as the Service PMI index surged …
3 mins read
California put up its fast-food wage to $20. Its governor is adamant it's not causing employment to fall.
Critics of the legislation warned that the higher wages could lead to restaurants laying off some o…
Grace Dean
3 mins read
Russia faces a crisis regardless if Putin ends or continues the war in Ukraine, economist says
Continuing the war means the economy faces stagnation, while ending it would shut off the massive d…
Jennifer Sor
1 min read
Retiree spending helped thwart a US recession. But boomers are losing a key financial advantage.
Spending among retired consumers is slowing down amid weaker boosts to Social Security incomes, Ban…
Filip De Mott
2 mins read
The US economy is in for a double shock if Trump is elected president, Nobel economist Paul Krugman says
Trump is proposing two policies that could result in a double-shock for the US economy, according t…