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Americans have spent their savings. Economists worry about what comes next
A version of this story first appeared in CNN Business’ Before the Bell newsletter. Not a subscriber? You can sign up right here. You can listen to an audio version of the newsletter by clicking the......
Immigration Helps The U.S. Economic Forecast, Says One Data Set
am EDT Immigration is saving the United States economy—maybe. Estimates of recent immigration from different government organizations vary widely, but the most plausible story has very high......
Chinese Stock Surge Surprises Investors: Too Late To Join The Rally?
...year to discuss the economy, indicated additional policy shifts to support the housing market and the economy. In a statement released following the meeting, Chinese officials pledged to “maintain......
Retailers Brace for Consumer Spending to Slow
Colliers is predicting a slowdown in consumer spending in 2024, with......
Retailers jacked up prices and squeezed consumers. They might have just blinked
New York CNN — Retailers are feeling jittery. Consumers aren’t shopping like they used to. In a game of chicken between stores and shoppers, it’s the stores that appear to be yielding first, by......
Write It Down: Historians Will Conclude 2021-Present Was Not Inflation
am EDT “You have to reroute all of our coffee immediately.” Those were the words of Michael Haft, co-founder of Washington, D.C.-based Compass Coffee. It gets its coffee beans from the Port of......
The Missing Factor In Explanations Of China’s Economic Distress: Covid (Part 1: The Cover-Up)
...Actual growth seems below the official figures; there is substantial deflation; the housing market has yet to stabilize; and the domestic stock markets have fallen significantly. Domestic confidence......
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