Biden economic approval rating hits all-time low: CNBC survey
President Biden’s economic approval rating has dropped to a fresh low as Americans contend with surging inflation and mounting fears ...
Tag: Economy
Retail sales rose 1% in June, easing fears of a recession
Consumers picked up their spending from May to June, underscoring their resilience despite painfully higher prices at the gas pump and ...
JPMorgan posts steep profit drop, halts stock buybacks
JPMorgan Chase posted a surprisingly steep profit drop and said it is halting share buybacks it sets aside $428 million ...
Home sale cancellations hit highest rate since start of pandemic
Approximately 60,000 home purchase agreements fell through in June, according to a new analysis by Redfin. The figure is equivalent to ...
US economy adds 372K jobs in June despite recession fears
U.S. job growth increased more than expected in June and the unemployment rate remained near pre-pandemic lows, signs of persistent labor market strength that ...
Michael Burry takes jab at Elon Musk over baby revelations
“Big Short” investor Michael Burry appeared to jab at billionaire Elon Musk on Thursday after the Tesla CEO framed the ...
Mortgage rates fall as Federal Reserve prepares for more hikes
Average long-term US mortgage rates eased again this week as the Federal Reserve remains likely to raise its benchmark borrowing ...
Inflation fears drove Fed to sharply hike rates: minutes
Federal Reserve officials were concerned at their meeting last month that consumers were increasingly anticipating higher inflation, and they signaled that much ...
Job openings slip, but employment landscape remains solid
US employers advertised fewer jobs in May amid signs that the economy is weakening, though the overall demand for workers remained ...
Some McDonald’s ditching dollar-drink promo over inflation
Not even the dollar-drink specials on McDonald’s value menu are safe from the impact of inflation. A number of McDonald’s ...
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