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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
A Gen Xer was tired of balancing 2 jobs and earning under $50,000 a year so he went back to school. The decision 'changed his life,' he said.
A Gen Xer went back to college at age 36 to boost his pay. Today he's got a master's degree and is …
Jacob Zinkula
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…
Jennifer Sor
The US is on the cusp of a lithium boom to loosen China's grip on EVs
The Biden administration is encouraging US lithium mining through a mix of loans, grants, and tax b…
Catherine Boudreau
Bringing manufacturing back to the US is a $10 trillion opportunity for the economy, Morgan Stanley says
Bringing industrial production back to the US could restore growth to the manufacturing sector afte…
Jennifer Sor
Arizona is the epicenter of the debate over how Trump's mass deportation plan would hit the economy
The mass deportations former president Donald Trump is proposing could reshape labor markets, strai…
Noah Sheidlower
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
China lost 36% of its billionaires to years of economic troubles and crackdowns
China has lost 432 billionaires since the high of 1,185 in 2021, according to a list compiled by t…
Hannah Abraham
Millennials are turning 40 — and it's freaking them out
Millennials, a generation defined by their youth, are no longer young. That's causing many of them …
Emily Stewart
The Fed is likely to disappoint markets with just one more rate cut this year amid global inflation, BlackRock CEO says
BlackRock CEO Larry Fink said the Fed will cut rates just once more this year amid sticky inflation…
Kelly Cloonan
China is eyeing $1.4 trillion in fiscal stimulus and even more if Trump is elected, report says
China is weighing additional stimulus that would increase if Trump wins the US election. The candid…
Kelly Cloonan
Germany's government is making life more difficult for solar farms that it often has to subsidize
Negative electricity prices in Germany have cost the state billions, as the government reimburses p…
Filip De Mott
More student-loan borrowers are taking advantage of an updated route to get rid of their debt in bankruptcy court, top Democratic senators say
Sen. Elizabeth Warren led some of her colleagues in calling on Biden's administration to bolster ou…
Ayelet Sheffey
Wall Street braces for a Trump or Harris presidency. Here's what that means for your portfolio.
Harris and Trump's proposed tax policies are set to have very different impacts on the stock market.
Dan DeFrancesco
The end of American careerism
Climbing the corporate ladder was once a cornerstone of the American Dream. Now, many professionals…
Aki Ito
How national security panics in Russia could stifle innovation and hurt its economy
Russia has arrested more people for treason in the past year than the past 20 years combined, one e…
Jennifer Sor
AOC and progressive allies want the federal government to build over a million homes. Even YIMBYs don't think it's a good idea.
Housing policy experts say a Democratic effort to get the federal government to build 'social housi…
Eliza Relman
America dodged a recession. Now there's one last pitfall to avoid.
Recession fears are fading and the job market is looking stronger. That's great news for average Am…
Neil Dutta
Michigan's election fate will depend on laborers. A Democrat and Republican outline what those workers are looking for.
Michigan's Lt. Gov. and Macomb County's GOP chair told BI high prices and trust are top of mind for…
Juliana Kaplan
A battle over the future of US retirement is playing out in Pennsylvania as the election looms
Pennsylvania is among the top states with the fastest-growing older population. It sets the stage f…
Ayelet Sheffey
Justin Trudeau, a champion of immigration, says he overdid it and strained Canada's economy
Under a new plan, the number of permanent residents arriving in Canada in 2025 will be reduced by 2…
Hannah Abraham
Russia's central bank hikes interest rate to 21% to fight stubborn inflation
Inflation in Russia hit 8.6% year-on-year in September, well above the central bank's 4% target.