Citigroup cuts 20,000 jobs amid warning signs of layoffs at other banks
Citigroup announced that it plans to cut 20,000 jobs over the next two years. But does this signal more job cuts elsewhere?
Map shows why Taiwan is so important to the world
A disruption to peace and stability across the Taiwan Strait would seriously damage the global economy, a senior Biden administration official said on Thursday.
Americans crushed by retirement crisis as they support adult children
Some 32% of US parents financially aid their adult children, causing 27% to delay retirement due to increased financial stress.
Southern Republicans have an inflation problem
Amid a national dip in inflation, Texas and Florida face unique economic strains, with areas like Miami exceeding 5 percent CPI.
Bitcoin ETFs set to trade Thursday after alleged SEC Twitter hack
The SEC has officially announced the approval of the much-anticipated Bitcoin ETFs, which will begin trading on Thursday.
Rents in America finally drop below $2,000 a month
The median rent asks fell in December to under $2,000 per month, according to real-estate platform Redfin.
Here's why you don't want to see 3 percent mortgage rates
Claudia Sahm explains why pandemic-level mortgage rates are unlikely and how current economic growth may influence future rates.
America has a school attendance crisis
During the pandemic, the numbers of children not attending school reached record levels and many are still not attending at troubling rates.
Donald Trump says he hopes US economy crashes this year
Trump said he does not want a potential second term to be like Herbert Hoover's presidency in 1929.
Dire economic trend is a huge blow to Xi's China
The gap between the first and second-largest economies threatens to widen as China struggles with "economic long COVID."
Why Russia's growing reliance on China should worry Putin
Economists warn China is getting the best out of increased trade with Russia after Vladimir Putin's invasion of Ukraine.
Student loan application backlog is delaying forgiveness for borrowers
The Biden administration has tried to cancel up to $20,000 of student loan debt, but was struck down by the Supreme Court last year.
Marco Rubio: U.S. Steel Sale Is Bad News for National Security
The time has come to take basic sectors like steel as seriously as microchip manufacturing, artificial intelligence, and other buzz-worthy industries.
Americans headed for disappointing pay increases
Employers are planning to give workers a nearly 4 percent salary bump in 2024, according to Payscale.
Greg Abbott has good news for Texans
Texas Governor Greg Abbott boasted about the state's economy, which grew by nearly 8 percent in the third quarter of 2023.
Why some Americans want to get divorced - but can't
A growing number of Americans may be deciding to forgo the divorces they want because of the tough economic environment.
Woman released after decade in prison stunned at low value of $100K salary
A woman who spent nearly a decade in prison, tells Newsweek how the economy has changed from her perspective.
Stimulus check update: will there be more direct payments in 2024?
Americans have been holding their breath for another stimulus payment since the last one was issued in 2021.
Russia's egg crisis is spiraling out of control
An attempt was made on the life of the head of a Russian poultry farm this week as egg prices continue to soar.
A 2024 Wish List: Sanity at Home and Stability Abroad
Let's hope things don't get much worse in 2024.
China tries to censor data about nearly 1 billion people in poverty
Chinese government censors tried to control discussions about the country's economy this week.
Putin ally issues grim Christmas Eve message to Europe
Dmitry Medvedev, a former Russian president and prime minister, slammed Europe's economy and its support for Ukraine.
Robert F. Kennedy Jr. accuses Biden of "gaslighting" Gen Z on the economy
Robert F. Kennedy Jr. has gained traction among youth voters, many who still remain undecided going into the 2024 election.
Why Is Everything Still So Expensive?
Inflation has slowed down from its decades highs of 2022. What else will see a drop in prices in 2024?
Americans rush to buy houses as prices hit new milestone
U.S. housing market surges amid falling interest rates. Redfin reports price rise, pending sales and buyer-seller adaptability.
China's internet users warned not to "badmouth" stuttering economy
China's economy will slow down further in 2024 and 2025, a World Bank report says.
Millions of Americans to lose their jobs in 2024
The CBO predicts 4.4 percent U.S. unemployment in 2024, impacting 7.4 million workers amid economic shifts and Fed rate cuts.
Grain prices plummet as grocery costs stay high
PPI fall in grains yet to ease grocery costs amid inflation, with experts predicting possible price surges ahead.
Mortgage rates drop as housing market gets good news
After the Fed's dovish comments, mortgage rates fell to lowest point since May, giving hope to housing market recovery in 2024.
Americans get new timeline for when inflation will come down
Yellen forecasts inflation near 2% by end-2024; Powell signals peak of current tightening cycle with committee forecasting three potential rate cuts next year.