Rajashri Chakrabarti, Thu Pham, Beck Pierce, and Maxim L. Pinkovskiy In this post, we use the inaugural release of our regional consumer spending indicators to ask whether these…
Read more The Regional Side of the Story: K-Shaped Pattern in Region, Wider Gap in Gas Spending – Liberty Street Economics(CNN) — The United States attacked Venezuela and President Donald Trump is threatening to take Greenland “the hard way.” All the while, the US has an uncertain economic outlook…
Read more The US is taking control of Venezuela and targeting Greenland. The Dow could still hit 50,000At Fleece & Harmony, a woolen mill and yarn shop in bucolic Belfast, Prince Edward Island, in Canada, owner Kim Doherty used to be able to send yarn…
Read more ‘It wasn’t worth the $10 tariff for a $27 purchase’: American shoppers find maybe they just won’t buy that small thing from Canada or England this year | FortuneThe effects of Ozempic on grocery spending are obvious; the Harvard Business Review found GLP-1 households are spending up to 8 percent less on food. The restaurant industry is…
Read more Ozempic Spells Trouble for the U.S. Economy—With 5 ExceptionsPremium credit card users and small merchants could soon feel the effect of a decades-long battle over swipe fees. A newly proposed settlement between Visa and Mastercard could…
Read more Credit card tier discrimination may be coming: New Visa-Mastercard swipe settlement could reshape rewards—and surcharges | FortuneA Los Angeles Times headline in 1995 asked, “Can the department store survive?” A quarter century later, CNN proclaimed that “America has turned its back on big department…
Read more Department stores have a new playbook for this holiday season: How Macy’s, Dillard’s, and Nordstrom are getting their groove back this holiday season | FortuneThe “K-shaped” economy, widely touted in the financial press, is the latest expression of wealth inequality. The U.S. economy is experiencing a growing gap between the highest earners…
Read more What is a ‘K-shaped’ economy, and what’s causing the divide?The economy’s biggest risk may not be tariffs or private credit but the stock market itself, where roughly $9 trillion in equity gains over the past year have…
Read more ‘Top of my list of worries’: Why the stock market’s boom could become America’s biggest riskIn Brief: Nearly 89% of Long Island businesses have five or fewer employees, making them vulnerable to inflation and rising costs. Restaurants face pressure from higher labor, food…
Read more Cantor: Rising costs squeeze Long Island small businesses | Long Island Business NewsThe government shutdown that began Wednesday will deprive policymakers and investors of economic data vital to their decision-making at a time of unusual uncertainty about the direction of…
Read more How the government shutdown disrupts critical economic dataFor Citadel CEO Ken Griffin, the political implications of still-elevated inflation are not lost on him. Inflation has come down a lot from 9% in 2022 to 2.9%…
Read more Ken Griffin has a warning for Trump and the GOP: ‘I would not underestimate how grating a 3% inflation rate could be’ on Americans | FortuneWhen President Donald Trump made his “Liberation Day” speech on April 2, announcing sweeping tariffs across a range of sectors, markets reacted sharply. Investors feared a replay of…
Read more All bark, no bite: Trump’s latest trade war turns into another TACO salad for Wall Street | FortuneThe home goods category has seen its share of twists and turns over the past five years: a pandemic-era boom and then a slump when consumers pivoted toward…
Read more Wayfair CFO says sellers on the company’s $12 billion marketplace are trying to ‘insulate’ customers from tariffsWhether you’re facing a sudden home repair or unexpected medical expenses, if you’re in a pinch for cash, emergency loans may be able to help. Emergency loans are…
Read more Best emergency loans of October 2024Americans spent a bit more at retailers last month, providing a small boost to the economy just as the Federal Reserve considers how much to cut its key…
Read more ‘Recession fears appear overblown’ as Americans boosted spendign at retailers last monthA reverse mortgage can help retirees access cash while living on a fixed income. Reverse mortgages allow you to borrow against your home’s value without the monthly payments…
Read more Best reverse mortgage lenders of 2024SoFi has low interest rates and approves borrowers with scores as low as 600, making it an excellent option if your credit score is lower than the 620…
Read more SoFi mortgage review 2024Depending on your financial situation, a home equity line of credit (HELOC) could be the best way to close any outstanding medical bills, pay off student debt or…
Read more Best HELOC lenders of July 2024If you’re shopping for a mortgage with bad credit or want to make a small down payment, consider a Federal Housing Administration (FHA) loan. Created during the Great…
Read more Best FHA Mortgage lenders of July 2024(Bloomberg) — A renewed bout of volatility gripped US stocks in the final stretch of May, with dip buying pushing the market higher amid a rotation between technology…
Read more S&P 500 Spikes in Final 20 Minutes of US Trading: Markets Wrap
