Americans Spent A Record $11.8 Billion
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A quarterly review finds that the U.S. economy’s increasingly K-shaped nature is making American consumption patterns uneven and unpredictable. Despite continued growth, this and several other data
ZDNET's key takeaways An Anthropic study aimed to quantify the economic impacts of AI.It found that AI could double the US economy's annual growth rate.Time-saving with AI varies significantly across industries.
Key monthly metrics from the US government continue to be released now that the shutdown has ended. Next up: September wholesale inflation and retail sales.
The 38-country OECD now forecasts that the world economy will grow 3.2% this year, down a tick from 3.3% in 2024 but an improvement on the 2.9% it had predicted for 2025 back in June. The organization, which does economic research and promotes international trade and prosperity, expects global growth to slow to 2.9% next year.
9don MSN
The US economy's 7 deadly signs
From homebuilding to trucking, major parts of the US economy are in deep trouble. The weakness could drag the whole country into a recession.
The Labor Department is finally releasing the jobs report for September, which was delayed for weeks due to the government shutdown. It is expected to show the economy added around 50,000 jobs that month.
“Donald Trump claims the U.S. has a booming economy. Well, maybe the stock market is booming … the real economy is going bust,” Schiff said in a recent Instagram video (2). “Inflation continues to rise and every week we learn about more layoffs.”
U.S. economic activity was little changed in recent weeks, though employment was weaker in about half of the Federal Reserve's 12 districts and consumer spending declined, the U.S. central bank said on Wednesday,
US employment growth exceeded forecasts while the jobless rate ticked higher in September, illustrating a tenuous labor market that is unnerving American consumers.
For decades, the U.S. has been the top destination for international students — a global magnet for talent, innovation and ambition.