Economy
The latest economy stories. Covering every aspect of economics and finance in both the magazine and online, Newsweek has a long history of being a leader in financial news coverage.
America may narrowly avoid an economic crisis
A tentative agreement has been reached between the Teamsters and UPS, affecting about 340,000 workers.
RFK Jr's bitcoin proposal for U.S. dollar trashed by crypto experts
One insider told Newsweek that Kennedy's plan would create "a level of uncertainty that markets would find very hard to handle."
Trump returns to Pennsylvania with a $35,000 unpaid bill
The former president owes millions of dollars to cities across the country over his campaign rallies.
Fact Check: Trump says under Biden third of Gen Z has no savings
Speaking in Florida, Donald Trump decried that Gen Zs and millennials didn't have a safety net.
Company defaults on $212 million loan after CEO warns of economic "suicide"
Economists have warned of a commercial real estate crash, and the Federal Reserve could raise interest rates twice more this year.
Right-wing commentator urges Biden to hire Taylor Swift as economic adviser
"[Swift] definitely is on the left side of politics," pundit Tomi Lahren said. "All of that aside ... she could maybe solve a lot of problems."
Shock as man accidentally books to stay in one of hong kong's "coffin homes
"I would just die from a panic attack. I can't breathe even by watching it," commented one user on TikTok.
Student loan forgiveness update: How to know if you qualify for new plan
"This Administration will not stop fighting to level the playing field in higher education," Education Secretary Miguel Cardona said.
Democrats are ignoring a rising problem in the middle of a revolution
Americans are reporting more economic stress than ever before. So why aren't 2024 candidates talking more about a minimum wage that hasn't increased since 2009?
Russians scrambled for cash amid fears of Putin's ousting
Russians withdrew $1.1 billion from banks during the Wagner mercenaries marched on Moscow.
Congress Is Dropping the Ball on China Policy
In an acrimonious and divided Congress, the emerging bipartisan consensus on China has been a heartening development.
Commercial real estate crash sparks bank collapse fears
Commercial real estate owners are currently facing a "double-pronged issue" due to rising interest rates and a decline in revenue in properties.
China's Economy Is Trapped in Downward Spiral
When it comes, the failure of China will undoubtedly be the biggest crash in history. In a fragile global economy, a Chinese crisis will panic markets.
Russian MP admits funding Ukraine war led to ruble's collapse
The ruble's temporary collapse was partially caused by spending on the parts of Ukraine that were illegally annexed last fall, the lawmaker said.
Republican states are creating a southern economic powerhouse
Six largely Republican dominated states in the southeast now contribute 23.8 percent of U.S. GDP, higher than the northeast.
Fact Check: Biden claims U.S. economy has world's highest growth rate
President Joe Biden, who coined the term Bidenomics at a speech in Chicago, lauded the U.S. recovery.
Conservatives mock "Bidenomics" for leaving Americans "worse off"
House Speaker Kevin McCarthy shared a redefined version of "Bidenomics" that reads "blind faith in government spending and regulations."
Flourishing Fundamentals: Families, Opportunities, and Data Narratives
Child poverty is much more about the lack of parenting and supportive family life than about cash flows to parents.
We're heading for a Social Security apocalypse
Americans "simply cannot plan ahead without knowing what will happen to Social Security in the future," professor Olivia S. Mitchell told Newsweek.
Turkey's Economy Is in Deep Trouble
The country is in the throes of a serious economic crisis.
Fourth of July BBQs to be most expensive in Republican states
Consumers in some states will spend an average of 4 percent of their monthly income on a July 4th barbeque, new research data showed.
Why are millennials in so much debt?
Millennials are accumulating debt at historic rates, and it could get worse for the next generation, experts told Newsweek.
Trump wants to use Nixon's controversial strategy if he wins 2024 election
"The people control the money, not the president. We got away from monarchies for this very reason."
Together We Can Build a More Responsive and Inclusive Financial System
Our international financial institutions should be able to do more than they are currently doing to work better together.
No, We're Not Heading to a Recession, Despite What the Pundits Say
Whenever the next recession hits, it promises to be short-lived. One more Fed hike of 25 basis points or a prolonged pause won't change that reality one iota.
Democrats being party of the rich could cost them 2024 election
A growing body of research shows wealthier Americans flocking to the Democratic Party. The working class, meanwhile, has been forgotten.
Gavin Newsom takes apart Sean Hannity's criticisms of Biden
Newsom said Biden had created six times as many jobs as "the previous three Republican presidents combined." Hannity called the figure an "artificial number."
The big bet on meat alternatives fails
The fall in Beyond Meat's stock follows an economic trend that is often seen with alternatives to conventional products.
Biden and Sunak tout new 'Atlantic Declaration,' promise Ukraine support
"There's no point in trying to wait us out. We're not going anywhere," UK Prime Minister Rishi Sunak said in a warning to Vladimir Putin.
