Category Economy

Economic Hope Fades: Confidence Hits 5-Month Low

Economic Hope Fades: Confidence Hits 5-Month Low

Americans’ trust in the economy has taken a real beating. We’re talking negative 30 in November—the lowest level recorded since July 2024, based on the latest Gallup poll. And honestly? If your gut’s been telling you something’s off with the…

US Jobless Claims Hit 3-Year Low: Relief at Last

US Jobless Claims Hit 3-Year Low: Relief at Last

Americans filing for unemployment benefits dropped unexpectedly to 191,000 last week, marking the lowest level since September 2022 and easing concerns about labor market deterioration despite recent reports showing job losses in November. The Labor Department reported Thursday that initial…

US Adds 119K Jobs Yet Unemployment Soars to 4.4%

US Adds 119K Jobs Yet Unemployment Soars to 4.4%

Job growth picked up speed in September, but something strange happened at the same time. The unemployment rate hit 4.4%—a four-year high that caught many off guard. The Labor Department dropped these numbers Thursday, showing the U.S. economy added 119,000…

Affordability Crisis Means Endless Debt, No Ownership

Affordability Crisis Means Endless Debt, No Ownership

Stubborn inflation continues to make the cost of living unbearable for many Americans, forcing millions into longer-term debt just to afford basic purchases. From 50-year mortgages to seven-year car loans, inventive solutions have emerged with a common theme: putting consumers…

Dow Plunges 400 Points as Bank Stocks Crash

Dow Plunges 400 Points as Bank Stocks Crash

The Dow fell 410 points on Thursday as Wall Street wrestled with mounting jitters about credit market turmoil and regional banks’ dangerous exposures to bad loans. The broader S&P 500 dropped 0.9% while the tech-heavy Nasdaq Composite moved 0.8% lower,…