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Economy
Congrats, America We Made it! Government Debt Spikes past $33 Trillion: +$1.6
Trillions whooshing by so fast they’re hard to see.
By Wolf Richter for WOLF STREET.
The total US national debt spiked by $1.58 trillion since the debt ceiling was lifted, and by $2.16 trillion from a year ago, to $33.04 trillion,…
Oil climbs on supply concerns, recovery in China demand
Oil tankers sail along Nakhodka Bay near the port city of Nakhodka, Russia August 12, 2022. REUTERS/Tatiana Meel/File Photo Acquire Licensing RightsSINGAPORE, Sept 18 (Reuters) - Oil prices rose for a third straight session on Monday,…
Chinese Economists Disagree With Xi Jinping. But Xi Is Right.
For quite some time readers have been fed a steady diet of commentary signaling economic decline in China. To use but one example, Washington Post columnist Catherine Rampell recently wrote that the Chinese economy has hit a “rough…
If the US economy statistics are good, why do Americans feel so bad?
Economists see a "soft landing" and strong jobs market, but Americans use words like "dismal" and "disastrous" to describe their own lives - Exclusive pollHow to lower your bills monthlyLower monthly reoccurring bills with these…
$296,524,000,000 Added To US Debt in One Month As JPMorgan Chase Issues Economic
A seemingly unrelenting wave of debt is piling onto America’s balance sheet.
New data from the U.S. Treasury Department show the federal debt increased by over $296.524 billion from August 8th to September 8th,…
How Lehman’s collapse 15 years ago changed the U.S. mortgage industry : NPR
Lehman Brothers world headquarters is shown in New York on Sept. 15, 2008, the day the 158-year-old…
Stock market today: Wall Street climbs as stocks worldwide rise
NEW YORK (AP) — Stocks are rising on Wall Street Thursday after a blizzard of reports suggested the U.S. economy is still humming, though inflation may be too. The S&P 500 was 0.7% higher in…
Argentina inflation hits 124% as cost-of-living crisis sharpens
A man pushes a cart at the Mercado Central, the city's largest wholesale central market, which receives produce from the entire country, as Argentines face a daily race for deals as inflation soars above 100%, on the outskirts of Buenos…
B.C. premier doubles down on interest rate halt
B.C.'s premier runs the risk of indirectly influencing the Bank of Canada, or creating the perception of doing so, which can in itself drive inflation, says one economist.
B.C. Premier David Eby said he was “relieved” to see the…
UK wage growth points to another rate hike but jobless rate rises
Workers walk through the Canary Wharf financial district, ahead of a Bank of England decision on interest rate changes, in London, Britain, August 3, 2023. REUTERS/Toby Melville/File Photo Acquire Licensing RightsUnemployment rate…