Here's why Americans having fewer kids won't doom the economy
The US birth rate just fell to its lowest level in over 40 years, according to provisional CDC data.
Economy
Student-loan borrowers in public service will now have to wait until July for their debt relief forms to be processed
The Public Service Loan Forgiveness program is transferring away from student-loan company MOHELA, and any applications for relief are now paused.
Russia's economic survival hinges on prolonging the Ukraine war, think tank expert says
"Should the authorities attempt to halt militarization, a hard landing could add pressure to the government," Elina Ribakova wrote for FT.
The Fed likely won't cut rates until after a recession strikes, research firm says
The Fed is making a big mistake by not cutting interest rates right now, according to GlobalData TS Lombard.
5 indicators that show the US economy is still firing on all cylinders despite slowing GDP
"The workhorse of the US economy remains the consumer, and there's really not much sign of a slowdown," Carson Group said.
China's top climate envoy is coming to the US this month as tensions over green tech run high
The meeting comes as the US and China jockey for power over renewable technology like solar, EVs, and batteries.
New York offers the worst cost-of-living tradeoff of any major city for new college grads. Starting salaries go further in these 14 metros.
New graduates' salaries go the furthest in Austin and Atlanta, but more of them are still moving to New York.
Don't feel too sorry for Gen Z — they're outpacing boomers on income and millennials on home ownership
The median 25-year-old earns a real household income of over $40,000 after taxes and transfers, more than the past six generations did at that age.
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Move over, New York and San Francisco, the US's major job hubs are now cities like Charleston and Hilton Head, South Carolina
As people have fled expensive coastal cities for cheaper housing and cost of living in the Sunbelt in particular, employers have followed.
A California Gen Xer who made over $1 million secretly working 2 remote jobs said it allowed him to travel the world, max out his 401(k), and send his kids to private school
A Gen Xer in California made over $1 million secretly working two remote tech jobs. He shared his top pieces of advice for overemployed workers.
Japan just spent billions to boost the flailing yen — and the US may get involved too
Japan spent about $35 billion to prop up the yen on Monday and intervened again on Wednesday. A leading economist says the US may step in, too.
The economy needs to take one of these 2 paths before the Fed cuts interest rates, Powell says
While Jerome Powell said interest-rate hikes were "unlikely," he needs more confidence in inflation data before cutting rates this year.
'Shark Tank' star Kevin O'Leary says interest rates won't budge this year: 'I'm sorry, it's just reality'
"I'm investing under the premise that we're going to be living with this rate cycle staying the same for the rest of the year," he told Fox Business.
The Fed once again holds interest rates steady — with cuts expected later this year
The Federal Reserve announced interest rates will remain unchanged, staying in line with Powell's remarks that more data is needed before any cuts.
Trump says he wants huge tariffs if elected. That could send inflation spiking.
In an interview with Time Magazine, Trump pushed back on the widely held idea that tariffs on overseas nations will cause inflation in the US.
Some millennial and Gen X parents are leaving it all behind to spend 6 figures on a family gap year. Here's how they budget and 'worldschool' their kids.
Want to quit your job and take your family on a gap year? Parents explain how they budget and "worldschool" their kids while traveling.
A millennial couldn't afford the Mounjaro weight-loss drug so he started secretly working 2 remote jobs. He's on track to make $166,000 this year and says he's lost 45 pounds.
A California-based millennial started secretly working two remote jobs to pay for Mounjaro weight-loss drugs. He's on track to make $166,000 this year.
A national shortage of construction workers is driving high home prices. The industry is struggling to fill the gap.
A major shortage of construction workers is bad news for homebuyers and infrastructure projects.
317,000 student-loan borrowers are getting $6.1 billion in debt canceled after being misled about career prospects and how much money they could make after graduation
Student-loan borrowers who enrolled at any Art Institute campus from January 1, 2004, to October 16, 2017, will receive automatic debt cancellation.
Everything you shouldn't do during a home renovation
All we wanted was a nice summer cottage. What we got was a $500,000 lesson in contract law.
Iran's economy is a total mess after decades of sanctions — and offers a warning to Putin's Russia
Decades of Western sanctions have driven up inflation, government debt, and poverty rates in Iran. Russia could meet the same fate under Putin.
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Markets will rebel if Trump or any president tries to control the Fed, Harvard economist says
"If you take away Fed independence, investors are gonna get jittery, inflation expectations are going to go up, the dollar is going to tank."
Trump 2.0 would be destructive for the economy, as the former president embraces 'crank' doctrine and economic fantasy, Paul Krugman says
Trump's first term showed he's prone to "magical thinking," and his economic doctrine would hobble growth and stoke inflation in a second term, Krugman said.
Taiwan's economy is booming thanks to the AI craze
Taiwanese GDP rose by a better-than-expected 6.5% in the first three months of the year, in the fastest pace of expansion for nearly three years.
Why a boomer left coastal Florida for a rural Arkansas town of 900 residents: 'I didn't think we'd make it' to retirement in Florida
Milan Novak, 67, moved from Florida's Atlantic Coast to a city in rural Arkansas with 900 residents, noting life is cheaper but there's less to do.
Sorry, America, it's looking like higher interest rates are going to stick around longer
Still-elevated inflation and a job market that won't quit mean predictions for interest rate cuts in June are being pushed back.
Welcome to the white-collar recession
A new report shows the real winners — and losers — in the job market.
More than 1 million student-loan borrowers could soon be transferred to a new company after their servicer requested a lighter load, the Education Department says
The Education Department agreed to student-loan company MOHELA's request to transfer some of its borrowers, requiring those impacted to take action.
Why so many men in the US have stopped working
Men aren't working at the same rate they did in decades past. We asked two economists to help us figure out why.
11 states with guaranteed basic-income programs that give residents hundreds of dollars a month, no strings attached
Over 50 cities and counties have piloted basic-income programs that give residents hundreds of dollars a month for housing and groceries.
How China and Russia are reportedly using 'underground' channels to get around sanctions
Chinese firms that trade with Russia are seeking alternatives to official finance channels, as the threat of US sanctions looms, Reuters reports.
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Why economists who originally expected multiple deep rate cuts in 2024 now say a hike is possible
"We expect, in any case, that the Fed's communications after the FOMC meeting this week will have a uniformly hawkish tone," Macquarie said.
The Fed is focusing on 'flawed' data and keeping rates high will result in a big policy mistake, economist says
Various indicators show the Fed may be looking at the wrong data points to inform its higher-for-longer interest rate path, David Rosenberg says.
The US economy is already in a recession, and it's following the same path as China by becoming reliant on debt, veteran forecaster says
Rising layoffs and sluggish job growth are major signs the economy is already in a hard landing, one top forecaster says.
3 issues that could make or break the US economy over the next year, according to top economist Mohamed El-Erian
The Fed's inflation target, low-income spending, and geopolitical fallout are the key areas to watch for, Mohamed El-Erian wrote in Project Syndicate.
A Cleveland Uber driver who made $109,000 in 2023 but took home only $17,000 shares the 3 reasons he can't quit ride-hailing: 'I continue to run into a brick wall'
A Cleveland Uber driver shares why he wants to quit ride-hailing and why he's not sure he can find a better job.
China's big factories had a terrible March, even as automakers roar to new highs
Weak domestic demand is causing Chinese companies to sell products en masse overseas, worrying US officials.
Everyone is visiting Japan. An extended currency slump means the tourists will just keep coming.
Tourists are staying longer and spending more as the yen continues its slide against the dollar.
Match Group CEO says he has empathy for victims of romance scams but 'things happen in life'
The CEO of Match Group — which is facing a lawsuit from the FTC — said the safety of users is the company's top priority,
Detroit's 'doom loop' was unlike any other American city. Its downtown is now a model for urban reinvention.
Detroit beat out Miami as the fastest-appreciating housing market in the country last November, rising by 8.7% year-over-year, per a CoreLogic report.
The Fed will only cut rates when it's panicking over a recession and a market crash, Black Swan investor says
"This economy is built on low interest rates," Mark Spitznagel said. "There are lag effects when you reset interest rates like we had."
Saudi Arabia wants big spenders for the first part of its Neom megaproject
The luxury Red Sea island resort of Sindalah is due to open this year. It's aimed at upmarket travelers to set itself apart from nearby Dubai.
Young guys literally only want one thing and it's this $7,000 chair
From tech bros to finance guys, rich young men are in love with this midcentury modern Eames lounge chair and ottoman from Herman Miller.
How a stay-at-home dad turned his passion for pickleball into 'a game changer' side hustle
Antoine Echavidre's side hustle is teaching pickleball. He's a stay-at-home dad with a passion for this sport and doesn't want to be in an office job.
Take a look at the revolutionary housing developments Canada's First Nations are building on ancestral land
The massive housing and community development projects in Vancouver are designed to help solve the housing affordability crisis.
One of the world's biggest cities is sinking, so officials are spending $35 billion to build a new capital. Take a look at Nusantara.
Rising sea levels are threatening to swamp Jakarta, Indonesia's biggest city, so authorities are building a new capital called Nusantara.
2 experts outline a looming scenario where the US economy could end up caught in a dreaded period of stagflation
A first-quarter GDP slowdown, paired with hotter inflation, is a sign of trouble for the Fed. Some analysts warn of eventual stagflation.
Elon Musk just set Wall Street up for one of his classic head fakes
Tesla is in trouble: sales are falling and competition from China is ramping up. It's clear Elon Musk can't fix the company, it needs a new CEO.
Putin is using 'nuclear blackmail' — and Russia defeating Ukraine could spark global chaos and economic disaster, Jamie Dimon warns
If Russia defeats Ukraine, other countries might rethink their reliance on the US and embrace nuclear weapons, JPMorgan CEO Jamie Dimon said.
More Gen Zers could ditch college this fall — and some schools are worried they might never fully recover
It's not just the rocky FAFSA rollout. Lower birth rates and high student debt loads could hurt the business of higher ed.