Economy

Latest Articles

• The US government just hit its $31.4 trillion debt ceiling — triggering fears of a nasty fallout for Americans. Here are 3 ways it could hurt you

  By Bethan Moorcraft | 01.19.2023
• Current US inflation rate

  By Dina Al-Shibeeb | 01.17.2023
• 'A major problem': The US is now a record $31 trillion in debt, made worse by rising interest rates — and this is who holds the IOUs

  By Lauren Bird | 12.15.2022
• The Fed just hiked its benchmark interest rate to the highest level in 15 years — further escalating fears of a recession. But here's why soon-to-be retirees shouldn't panic

  By Serah Louis | 12.14.2022
• Understanding the federal funds rate

  By Cadeem Lalor | 12.14.2022
• The IRS says its 87,000 new hires could help collect as much as $1 trillion by forcing tax cheats to pay up — but will more 'fire-breathing dragons' really do the trick?

  By Serah Louis | 11.24.2022
• Amazon is doing some 'difficult' soul searching as it plans to slash jobs — but here's why the economy is going to 'very easily absorb' the layoffs and mark a 'turning point' in the sector

  By Serah Louis | 11.18.2022
• The US has just 25 days of diesel supply — the lowest since 2008. Here's why that's more alarming than a dwindling 'oil piggy bank'

  By Serah Louis | 11.14.2022
• The Bank of England just warned that the UK faces its longest recession in 100 years — is the US next? Here are 3 reasons why a 2023 downturn would be like no other

  By Sigrid Forberg | 11.09.2022
• 'They ain't seen nothing yet': President Biden just accused oil companies of 'war profiteering' and threatened them with a windfall tax. Will it help with gas prices?

  By Sigrid Forberg | 11.01.2022
• Used car prices just plunged 10% over the past year — here are the market segments that fell the furthest

  By Jing Pan | 10.21.2022
• The 'oil piggy bank' is running low — but President Biden says he'll replenish it when prices hit a range of $67 to $72 a barrel. Will the plan work?

  By Serah Louis | 10.20.2022
• No doubt about it: Bloomberg economists now see a 100% chance of a recession within 1 year — here are 3 simple ways to prep for this 'guaranteed' decline

  By Serah Louis | 10.19.2022
• America's 6 biggest banks are expected to set aside $4.5 billion in Q3 to cover future loan losses — why that's a clear bad sign for the global economy

  By Lauren Bird | 10.12.2022
• Biden says he'll release 10 million more barrels from the dwindling 'oil piggy bank' after OPEC's production cuts — but this is the big risk with more withdrawals

  By Serah Louis | 10.07.2022
• Goldman Sachs has started laying off workers across the US — with a focus on cutting mid-level investment bankers. Here's why that's a bad sign for the economy

  By Serah Louis | 09.29.2022
• 3 major US banks are hiking their prime rates by 75 basis points — and are now at the highest levels since the 2008 financial crisis. Here's how it affects you today

  By Vishesh Raisinghani | 09.23.2022
• With no 'playbook on how to respond,' what another supersized hike tells us about how well the Fed's fight on inflation is going

  By Nancy Sarnoff | 09.22.2022
• The world is ‘jockeying for what comes next’ as fewer US dollars are held in foreign reserves. Here's why that could weaken the U.S.

  By Dina Al-Shibeeb | 09.19.2022
• Michelin-starred chef Tom Kerridge says the utility bill at his UK pub spiked from £60K to £420K — why Europe's energy crisis is getting worse and how it hurts the US

  By Chris Clark | 09.16.2022
• 'Prices have been essentially flat': Here's why President Biden is still optimistic about the US economy despite white-hot inflation of 8.3% in August

  By Jing Pan | 09.14.2022
• The face of Canadian currency may be changing — what happens north of the border after the Queen’s death?

  By James Battiston | 09.09.2022
• Europe could see a devastating 'Lehman Brothers' event as power producers face $1.5 trillion in margin calls — here's how governments across the region are stepping in

  By Chris Clark | 09.08.2022
• ‘The clock is ticking’: Canada just hiked its key rate by a supersized 0.75% — here's what the move could mean for US consumers

  By James Battiston | 09.08.2022
• Could China’s Yuan replace the U.S. dollar as the world’s dominant currency? Here’s how the Asian giant's trade supremacy is rapidly boosting its reserve status

  By Vishesh Raisinghani | 09.01.2022
• Astonishing job gains in July more than double expectations, erasing pandemic losses and easing fears of a recession

  By Lauren Bird | 08.05.2022
• Two more states are sending free money as a recession looms — is inflation relief headed your way?

  By Lauren Bird | 07.28.2022
• Powell keeps the pressure on with another 'unusually large' rate hike, as US economy 'performing too well' to be in recession

  By Nancy Sarnoff | 07.27.2022
• Stimulus checks ‘likely in the next recession,’ says one expert, though ‘right now would be a terrible time’

  By Serah Louis | 07.21.2022
• Cathie Wood says we're already in a recession — but are we really? Look for the telltale signs

  By Chris Clark | 07.20.2022
• Canada goes ‘nuclear’ with supersized 1% interest rate hike — will the Fed follow?

  By Sigrid Forberg | 07.13.2022
• 5 ways to offset the rising cost of groceries

  By Sigrid Forberg | 07.04.2022
• From fireworks to flags to frankfurters, this year's Fourth of July will set your wallet on fire

  By Brian J. O’Connor | 06.30.2022
• Biden's gas tax holiday might only save you $6 a month — and leave a real 'mess' behind

  By Serah Louis | 06.22.2022
• The US pays some of the highest internet bills in the world; you could get yours for free

  By Lauren Bird | 06.17.2022
• 10 quirky economic indicators

  By Moneywise | 06.15.2022
• No more games: The Fed pulls the trigger on the biggest rate hike in almost 30 years

  By Nancy Sarnoff | 06.15.2022