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Policy
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Jennifer Sor
11 May 2024, 02:58
The US and the West are facing the blowback of sanctions against Russia, economist says
The US may have opened a "Pandora's box of unintended consequences" by imposing sanctions on Russia, one economist says.
Yuheng Zhan
11 May 2024, 02:39
China is likely to hit back against US tariffs on electric vehicles, Wedbush's Dan Ives says
Ives noted that heightened competition wouldn't just be a blow to Tesla, but also to the Detroit automakers that have bet big on EVs.
Allie Kelly
11 May 2024, 01:37
A Gen Xer struggles to afford housing and groceries, but her income is about $100 too high to get help
Melinda Binkley, 56, has tried to apply for safety net programs before but she's told her household makes too much money, usually by less than $100.
Jennifer Sor
11 May 2024, 00:33
'Something could break': The Fed risks recession, bank failures if it doesn't cut rates soon, economist Mark Zandi says
High interest rates are "corrosive" to the economy, and the Fed risks breaking something in the financial system, Mark Zandi said.
Ayelet Sheffey
10 May 2024, 22:25
Interest rates on student loans are rising yet again. It'll make things a lot more expensive for new borrowers this fall.
Interest rates on federal student loans are increasing by more than 1% on July 1, marking the highest rates borrowers have faced in over a decade.
Yuheng Zhan
10 May 2024, 21:44
Most retirees say inflation has them worried they'll outlive their savings, Schroders survey shows
Inflation is a top concern for retirees, with 89% surveyed saying it will erode their assets, and 68% worrying about outliving their money.
Jennifer Sor
10 May 2024, 21:19
The US may be 'sleepwalking' into a recession as cracks form in the labor market, top economist says
Several financial models are already showing the US economy is on its way to a hard-landing, according to top economist David Rosenberg.
Mikhaila Friel
10 May 2024, 20:38
A Norwegian Cruise Line worker is accused of stabbing people on board with scissors
A cruise ship worker was arrested after allegedly stabbing a passenger and crew with a pair of scissors.
Jacob Zinkula
10 May 2024, 19:13
China is untangling its economy from the West. It could be preparing for long-term tensions — and an invasion of Taiwan.
China is trying to make its economy less reliant on the West, but these efforts could also prepare it for an invasion of Taiwan.
Huileng Tan
10 May 2024, 16:08
Xi wants to boost trade and investment between Europe and China. It won't be easy.
A record low 42% of EU companies said they plan to expand their operations in China this year, according to a EU business chamber survey.
Shubhangi Goel
10 May 2024, 12:28
More companies would move to Miami if there were more private schools, says billionaire Miami convert Barry Sternlicht
The city just doesn't have enough private schools, which is holding more companies from setting up shop in Miami, he said.
Kenneth Niemeyer
10 May 2024, 00:04
CCTV footage from a British museum shows thieves on e-scooters making off with Bronze Age artifacts worth $275,000
Cambridgeshire police are investigating the theft of a Bronze Age gold torc neclace and bracelet from the Ely Museum worth more than $275,000.
Maria Noyen
09 May 2024, 22:57
A millennial working 2 full-time jobs sometimes only gets 3 hours of sleep — but she's over halfway to saving $100,000
Mitzi Lacerna, 28, said she's working over 80 hours a week at two different full-time jobs in the Bay Area to save for a down payment to buy a house.
Dan DeFrancesco
09 May 2024, 21:55
How Corporate America is rethinking its sustainability and diversity efforts
After years of big promises and grand plans around social issues like diversity and sustainability, companies have taken a noticeable step back.
Eliza Relman
09 May 2024, 21:13
The golden age of golden visas is over in southern Europe
Generous visa programs in southern Europe have boosted economies and attracted huge real estate investments. Now some countries are walking them back.
Juliana Kaplan,Madison Hoff,Ayelet Sheffey
09 May 2024, 21:12
Gen X can add one more financial problem to its list
Gen Xers were already worried about their financial insecurity. Enter Social Security.
Theron Mohamed
09 May 2024, 18:44
Home prices are falling in parts of Florida and Texas as buyers tap out and supply outpaces demand
Home prices fell in five parts of Florida and Texas as buyers balked at high values and steeper mortgage rates, and supply caught up with demand.
Alex Bitter
09 May 2024, 18:01
Uber, Doordash, and other gig workers in Seattle may be about to face a pay reckoning
A proposal, drafted with the support of delivery companies, could roll back Seattle's PayUp law for gig workers — and result in pay cuts.
Jacob Zinkula
09 May 2024, 17:39
A millennial who went to college in his 30s when his career stalled says his Bachelor's degree is 'worthless' and that he's been looking for a job for 3 years
A millennial went to college in his 30s when his career growth stalled. Now he's saddled with student debt and struggling to find a job.
Noah Sheidlower
09 May 2024, 16:58
A 63-year-old peak boomer said she 'can't even think about retiring' despite having a master's degree and working two jobs
Cathy, a 63-year-old clerical worker in Minnesota, fears she may never be able to fully retire, even though she's worked her entire life.
Emily Stewart
09 May 2024, 16:58
Corporate America got woke. Now it's having second thoughts.
Companies were eager to undertake ESG and DEI efforts a few years ago. Now, their talk and actions are changing.
Ayelet Sheffey,Juliana Kaplan,Madison Hoff
09 May 2024, 16:34
Many Americans have no idea how much they need to save for retirement — and the calculus is getting even more complicated
Knowing how much to save for retirement is already a gamble. Inflation and the uncertainty of Social Security are making it even harder to calculate.
Huileng Tan
09 May 2024, 16:33
The West is freaking out that China is making too much stuff, and it looks like China might be starting to agree
The West has been complaining that China is overproducing goods and dumping them on the global markets, incurring the ire of Beijing.
Yuheng Zhan
09 May 2024, 02:54
An escalating cold war between US and China would be a blow to global growth, IMF official says
The IMF predicts that the global economy could incur costs equivalent to as much as 7% of the world's GDP in the worst-case scenario
Matt Drange
09 May 2024, 00:23
Former students say a California school district 'ignored and concealed' sexual abuse
Lawsuit accuses administrators at a Southern California high school of tolerating educator sexual abuse and failing to protect students.
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