Economics
Killing the Golden Goose: Millennials Earn Less Than Their Parents Did
For the first time in our nation's history, 30 year olds are doing worse than their parents. In other words, we killed the golden goose.
For the first time in our nation's history, 30 year olds are doing worse than their parents. In other words, we killed the golden goose.
Immigrants first, citizens last
In April, negative natural gas prices at the Waha hub posed significant challenges for Permian Basin producers, amid expectations of new pipeline operations.
Social Security struggles to match inflation, leaving many seniors financially vulnerable and potentially swaying their political influence in upcoming elections.
In March, the U.S. trade deficit widened to $69.4 billion, surpassing expectations due to declines in exports and imports.
ADNOC boosts its oil production to 4.85 million bpd ahead of the OPEC+ meeting, positioning the UAE to influence global oil market dynamics as production cuts are reviewed.
JP Morgan forecasts interest rates rising to 8%, potentially triggering a recession and banking crisis similar to past financial downturns.
U.S. hiring rates have plummeted to a six-year low as of March 2024, highlighting significant labor market challenges and discrepancies between official data and actual job availability.
For the first time in our nation's history, 30 year olds are doing worse than their parents. In other words, we killed the golden goose.
Immigrants first, citizens last
In April, negative natural gas prices at the Waha hub posed significant challenges for Permian Basin producers, amid expectations of new pipeline operations.
Social Security struggles to match inflation, leaving many seniors financially vulnerable and potentially swaying their political influence in upcoming elections.
In March, the U.S. trade deficit widened to $69.4 billion, surpassing expectations due to declines in exports and imports.
ADNOC boosts its oil production to 4.85 million bpd ahead of the OPEC+ meeting, positioning the UAE to influence global oil market dynamics as production cuts are reviewed.
JP Morgan forecasts interest rates rising to 8%, potentially triggering a recession and banking crisis similar to past financial downturns.
U.S. hiring rates have plummeted to a six-year low as of March 2024, highlighting significant labor market challenges and discrepancies between official data and actual job availability.
Amid speculation of Bank of Japan intervention, the yen rebounded from a 34-year low against the dollar.
U.S. consumer confidence has hit its lowest since July 2022, sparking recession concerns as heightened prices lead to more savings and less spending.
U.S. LNG exports fell for the fourth month to 6.19 million metric tons, primarily due to production disruptions at major facilities like Freeport LNG, affecting global energy markets.
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The FOMC maintained the federal funds rate at 5.25-5.50%, citing 'lack of progress' toward its 2% inflation target and adjusting market expectations for future rate cuts.
California is set to increase its gas tax to nearly 60 cents per gallon on July 1, exacerbating the financial burden on motorists already paying $1.70 more per gallon than the national average.
