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US economic growth in first quarter falls short of expectations at 1.6%; inflation may heat up

The US economy expanded less than projected in the first three months of 2024 as exports and consumer spending declined, according to the Commerce Department.

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Shock slowdown in US economic growth in first three months of 2024 sparks fears of downturn and sends stocks plummeting

The US economy is finally showing signs of cooling as growth fell to 1.6 percent in the first three months of the year.

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US GDP growth slows sharply to 1.6% in Q1 amid rates pressure

The U.S. economy slowed sharply last quarter, growing at an annual rate of 1.6%, markedly weaker than analysts' expectations of 2.4%, in a sign that...

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Here's what it takes to be considered middle class in 2024 for each state

With inflation rising, some families who used to be "middle class" no longer fit in that category. Here are the cheapest and most expensive states and cities for 2024.

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U.S. Economy Grew at 1.6% Rate in First-Quarter Slowdown

Gross domestic product, adjusted for inflation, increased at a 1.6 percent annual rate, but the report also included more evidence that the Federal Reserve’s efforts to tame price increases have stalled.

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Here's what it takes to be considered middle class in NYC

A new study from the personal finance website SmartAsset took a look at what it takes financially to be considered middle class in 2024 in NY, NJ and CT, as well as NYC.

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Opinion | Can Biden Revive the Fortunes of American Workers?

He’s the most pro-labor president since Harry Truman. Is that enough?

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Opinion | America Is Writing Checks That Mere Optimism Won't Cover

Don’t bet the house on a rosy future.

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'Doom spending' instead of home buying—how young people are spending their money

Amid inflation and climate concerns, younger generations, including Gen Z and millennials, are turning to "doom spending," buying luxuries as they find homeownership increasingly unaffordable.

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Biden administration's final rule makes millions more salaried workers eligible for overtime pay

The Biden administration's new rule significantly expands overtime pay eligibility to millions of salaried workers in the U.S., setting higher income thresholds and updating salary limits every three years.

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