economy
Economist sends grim warning after wild week on Wall Street: 'Pain ahead'
Figures released Thursday by the Labor Department show initial claims for the week ended Aug. 3 fell by 17,000 to 233,000, below the 240,000 estimate by Refinitiv economists. However, that remains...
Montauk restaurants hit by drop in sales amid soaring hotel prices in Hamptons
Montauk’s usually bustling restaurants are suffering a drastic drop off as soaring hotel prices push Hamptons revelers to look for cheaper destinations, Side Dish has learned.
Inflation drives Americans to believe the US is in recession
On average, respondents who feel the U.S. is in a recession believe it started over 15 months ago, roughly in March of 2023.
Goldman Sachs CEO says Fed won't make emergency rate cuts
“The economy will chug along and we probably won’t see a recession,” he said.
Welcome to pandemonium, how Don stops Kamalamania and other commentary
Post Editorial Board gives commentary on Kamala Harris' campaign, a Harris-Trump debate and more.
Airbnb shares tumble after warning of slowdown amid troubling trend by travelers
Domestic travel in the US has been pressured since the start of the year as more Americans have grown cautious about travel spending.
Dow jumps over 700 points before giving back gains as Wall Street rebounds after Monday's bloodbath
Most megacap and growth stocks, which together lost $200 billion in market value on Monday, gained as Nvidia bounced back 2.3%.
Biden now blames computer programs for high consumer prices
The White House has pointed fingers at Trump, Vladimir Putin, grocery stores, service stations, greedy corporations . . . and now the latest villain is computer algorithms.
Top Biden economic advisor leaves amid fear of recession, joins Harris campaign
While Biden's campaign previously touted the economic recovery and "Bidenomics" frequently, the campaign has backed off the phrase as inflation remains elevated and polls show voters are very concerned about...
Stock market bloodbath sees Dow, Nasdaq plummet as renewed recession fears trigger global sell-off
The Dow plunged more than 1,000 points, or 2.6%, on Monday. The Nasdaq and S&P 500 lost more than 3%.
Goldman Sachs economists raise 'limited' risk of US recession to 25% chance: report
Economists at Goldman Sachs raised the likelihood of the U.S. economy slipping into a recession within the next 12 months from 15% to 25%.
Economic 'Black Swan' recession on the horizon amid upcoming presidential election
Could an economic “Black Swan” of a recession upend the November election?
Fed rate decision sparks debate after lackluster jobs report
After the data traders piled into bets the Fed will deliver a half-point interest-rate cut at its Sept. 17-18 meeting, and keep cutting after that,
Dow tumbles nearly 500 points after fresh data ignite fears about slowing economy
The data raised worries that the US economy could buckle under the accumulated weight of rates that the Fed has been holding at a two-decade high for roughly a year.
Dow soars over 600 points on tech rebound, optimism about Fed rate cuts
The Fed's preferred inflation metric underscored an improving inflation environment.
Dow gives up massive gains as Wall Street struggles to rebound after tech rout
On Wednesday, the Nasdaq and the S&P 500 logged their worst day since 2022
US economy grows faster than expected, Fed on track to finally cut rates
Second-quarter GDP received a boost from consumer spending and business investment. The housing market recovery, however, regressed and was a small drag on the economy.
Home sales slump in June, signaling buyer's market as prices hit another record high
"Homes are sitting on the market a bit longer, and sellers are receiving fewer offers," said Lawrence Yun, the NAR's chief economist.
Trump plan to nix taxes on tips concretely shows he's pro-working class
During a rally in Nevada last week, Donald Trump told the crowd that if elected, he plans to stopping taxing tips.
How will this 'wacky' 2024 election impact stocks? Maybe not how you think
Stocks typically surge in the back halves of election years. Wild and wacky won’t change that. Party, personality – and yes, even potential economic policies – also aren’t key.