Spending climbs among the rich, as everyone else’s debt rises, study says
Spending among the rich is propping up the economy, per a report analyzing detailed credit card data out Wednesday from
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Emily Peck
20:26
White House cuts $400 million in aid for state unemployment systems
The White House is terminating $400 million in funds for states meant to modernize their unemployment insurance systems.Why it matters:
Emily Peck
18:21
SNAP work requirements are different for single parents.
A buried provision in the "big beautiful bill" effectively penalizes single parents who receive SNAP, or food stamps, as compared
Emily Peck
18:20
Trump the central planner
President Trump may paint China as the enemy, but lately he's been awfully fond of their command-economy playbook.Why it matters:
Emily Peck
15:25
Despite tariffs, Trump misses crucial factor to a China trade war
To fight a trade war against China, most foreign policy experts would say that you need allies.Why it matters: Over
Emily Peck
19:22
BlackRock’s Larry Fink treads cautiously in letter that shies from politics
BlackRock CEO Larry Fink reassures investors that this moment of economic anxiety will pass in his annual letter out Monday
Emily Peck
16:20
Federal workers were rehired, but they’re bracing for the next hit
Data: U.S. court filings; Table: Jacque Schrag/AxiosAll over the country, fired federal workers got a bit of good news this
Emily Peck
03:22
Companies like McDonald’s and Meta are changing DEI in the Trump era
Companies are scrambling to rejigger, recast or just kill their diversity, equity and inclusion (DEI) policies to avoid the wrath
Emily Peck
06:23
Trump administration fires thousands of federal workers as purge deepens
The Trump administration over the past two days has fired thousands of federal workers with jobs reportedly ranging from wildfire
Emily Peck
15:21
Landlords use pricing software that adds billions to rental costs, White House says
Data: Council of Economic Advisers analysis of data from: American Housing Survey, American Community Survey, RealPage, Calder-Wang and Kim (2024),
