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Tag: U.S. economy

US President Joe Biden arrives to speak during an event to announce that his Administration has approved $1.2 billion in student debt cancellation for almost 153,000 borrowers at the Julian Dixon Library in Culver City, California, on February 21, 2024. (Photo by ANDREW CABALLERO-REYNOLDS / AFP) (Photo by ANDREW CABALLERO-REYNOLDS/AFP via Getty Images)

Consumer Sentiment Dips And President Announces More Student Debt Cancellations

Consumer sentiment about the U.S. economy dipped this month, from 79.4 to 77.9. So why are people feeling this way? Essential costs like food, energy, and housing are still through the roof. And young voices are getting louder.

Read More Consumer Sentiment Dips And President Announces More Student Debt Cancellations
Black Friday shoppers stand in line for a Lululemon store as retailers compete to attract shoppers and try to maintain margins on Black Friday, one of the busiest shopping days of the year, at Woodbury Common Premium Outlets in Central Valley, New York, U.S. November 24, 2023. REUTERS/Vincent Alban/File Photo

US fourth-quarter growth revised higher; labor market still strong

The U.S. was boosted by strong consumer spending and business investment in nonresidential structures.

Read More US fourth-quarter growth revised higher; labor market still strong
A Rivet RV, a lower-priced version of Bowlus's trailers, is towed by a car, in this undated handout picture. Bowlus/Handout via REUTERS

Rich Americans keep high-end RV company rolling along

Most U.S. RVs aim to satisfy the wanderlust of largely middle-income customers.

Read More Rich Americans keep high-end RV company rolling along
A man carries his shopping bags during the holiday season in New York City, U.S., December 10, 2023. REUTERS/Eduardo Munoz/File Photo

US economy shrugs off recession prediction with strong fourth-quarter performance

The U.S. economy grew faster than expected in the fourth quarter and shrugged off dire predictions of a recession.

Read More US economy shrugs off recession prediction with strong fourth-quarter performance
A street sign for Wall Street hangs in front of the New York Stock Exchange May 8, 2013. REUTERS/Lucas Jackson

Market bets for 2024 thrown into chaos by US recession conundrum

Investment banks and asset managers have wildly varying stock market and currency calls for 2024, reflecting deep division over whether the U.S. economy will enter a long-heralded recession.

Read More Market bets for 2024 thrown into chaos by US recession conundrum
An employee hiring sign is seen in a window of a business in Arlington, Virginia, U.S., April 7, 2023. REUTERS/Elizabeth Frantz/File Photo

US economy grows 5.2% in third quarter; higher interest rates sapping momentum

The U.S. economy grew faster than initially thought in the third quarter, but momentum appears to have since waned.

Read More US economy grows 5.2% in third quarter; higher interest rates sapping momentum

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