Falling fertility rates to trigger ‘major shifts’ in economic power, research predicts
People with colorful dresses selling and buying goods in a street market in Osogbo, Nigeria at dusk. Jorge Fernández | LightRocket via Getty Images Declining fertility rates will likely mean almost every country has shrinking populations by the end of...
Coronavirus vaccine is closer than the market thinks, Wharton’s Jeremy Siegel predicts
Wharton finance professor Jeremy Siegel expects a game changer. He predicts a coronavirus vaccine is closer than the market thinks. “We’ve had almost no setbacks in the schedule developing the vaccine, and I think that’s where upside surprises can occur,”...
Fed’s Kaplan says the U.S. economy will see above-trend growth in 2021
Dallas Federal Reserve President Robert Kaplan said the U.S. economic growth will accelerate next year as the country rebounds from the coronavirus crisis. “In ’21, we will see an above-trend growth, and we will continue to grind down the unemployment...
Gasoline, food boost U.S. consumer inflation in June
U.S. consumer prices increased by the most in nearly eight years in June as businesses reopened, but the underlying trend suggested inflation would remain muted and allow the Federal Reserve to keep injecting money into the ailing economy. The Labor...
China says the latest U.S. move is aggravating tensions in the South China Sea
U.S. Navy multirole fighter landing on the flight deck of USS Ronald Reagan (CVN-76) aircraft carrier as it sails in South China Sea Oct. 16, 2019. Catherine Lai | AFP | Getty Images China said Tuesday that the latest U.S....
U.S. budget deficit hits all-time high of $864 billion in June
Treasury Secretary Steve Mnuchin with national debt signage in background. Tom Williams | CQ Roll Call | Getty Images The federal government incurred the biggest monthly budget deficit in history in June as spending on programs to combat the coronavirus...
Homebuilders just saw the strongest June sales since the last housing boom, as pandemic pushes more buyers to the suburbs
A construction worker wearing a protective mask moves bricks to the back of a house as they resume construction on a home in Bloomfield Hills, Michigan, May 7, 2020. Emily Elconin | Bloomberg via Getty Images It is the perfect...
Here are five charts illustrating U.S. economic trends amid the coronavirus pandemic
As states take differing approaches to re-opening and closing, some parts of the economy continue to see improvement from the start of the pandemic while others continue to struggle. Some states have instituted mask mandates and other measures, such as...
Stock futures rise as investors shake off a continued spike in coronavirus cases
A pedestrian passes in front of the New York Stock Exchange (NYSE) in New York, U.S., on Wednesday, June 3, 2020. Michael Nagle | Bloomberg | Getty Images Stock futures rose in overnight trading on Sunday as investors looked past...
He lived in his car for months after unemployment benefits stalled. Then came a cancer diagnosis
Carlos McArthur, a resident of Syracuse, New York, lost his job with a medical transportation company in March. He lived in his car for more than two months while waiting for his unemployment benefits to arrive. Carlos McArthur is one...
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