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Tag: U.S. economy

‘We’re riding a century-old measurement off a cliff’: Andrew Yang tears into GDP as an outdated metric for calculating economic grow...

"If these are your measurements, then you're going to think things are going in one direction, while your way of life disintegrates," Yang said.

The idea of a ‘robot tax’ is gaining steam as a way of dealing with automation that’s killing jobs

A so-called "robot tax" has drawn support from Bill Gates. But it faces big hurdles in design and implementation, and how do you define a robot?

US unemployment is the lowest in 50 years. Here’s why Wall Street thinks that’s actually a bad thing.

Low unemployment adds pressure to the Federal Reserve to raise interest rates, turning bonds into a more appealing investment compared to stocks.
Women office workers entering data using tabulating machines and punch cards at the Erie Railroad Company offices, Cleveland, Ohio, January 22, 1958

A key pathway into the middle class for many women is vanishing

Administrative and office jobs have suffered brutal losses in the last two decades. It's not projected to let up anytime soon.

Stocks are dropping after China reportedly signals it will take a tougher stance in trade-war talks this week

"Beijing is about to make another epic miscalculation. Trump ALWAYS escalates when put under pressure," says one analyst.
Mark Zuckerberg is the fourth richest person in the US.

The 5 richest men in the US have a staggering combined wealth of $435.4 billion. That’s more than 2% of America’s GDP.

Jeff Bezos, Bill Gates, Warren Buffett, Mark Zuckerberg, and Larry Ellison are the richest people in the US.
Jim Cramer was alarmed by the FedEx call.

FedEx just sounded the alarm on US growth — and Jim Cramer said it was the ‘most dispiriting call about the economy I’ve heard in a ...

"There is a lot of whistling past the graveyard about the US consumer and the United States economy versus what's going on globally."

US factory activity unexpectedly slowed last month for the first time in 3 years — and Trump’s trade war was the main culprit

The Institute for Supply Management surveys over 300 purchasing manager and supply chain executives to measure US factory activity.

JPMORGAN: It’s not too late to save the US or China from recession. But Europe’s probably a lost cause.

The European Central Bank already slashed its key interest rate below zero in 2014 in an attempt to boost economic growth and spending.

Trump’s trade adviser says the US economy is ‘solid as a rock’

President Trump's trade adviser Peter Navarro was an early supporter of imposing tariffs on Chinese exports.