Category: United States Economy

Electric Vehicle Push Returns North Carolina to Its Lithium Mining Roots

After decades of stagnation, the Tar Heel State is the beneficiary of a lithium rush fueled by demand for car batteries.
The Fed’s Preferred Inflation Measure Eased in October

The Personal Consumption Expenditures price index continued to cool and consumer spending was moderate, good news for the Federal Reserve.
What to Expect at Today’s DealBook Summit

Vice President Kamala Harris, Elon Musk, Bob Iger, Jamie Dimon and Tsai Ing-wen, the president of Taiwan, are among the big names speaking.
U.S. Debates How Much to Sever Electric Car Industry’s Ties to China

Some firms argue that a law aimed at popularizing electric vehicles risks turning the United States into an assembly shop for Chinese-made technology.
Corporate America Has Dodged the Damage of High Rates. For Now.

Small businesses and risky borrowers face rising costs from the Federal Reserve’s moves, but the biggest companies have avoided taking a hit.
Even Most Biden Voters Don’t See a Thriving Economy

A majority of those who backed President Biden in 2020 say today’s economy is fair or poor, ordinarily a bad omen for incumbents seeking re-election.
There’s a Lot Riding on Black Friday and Cyber Monday

The White House and economists will be closely watching the annual shopping events for insight into what the data says about the state of the consumer.
Black Friday Isn’t What It Used to Be

Big discounts, many of them online only, start appearing well before Thanksgiving and will run long after. Some people still go to the mall, though.
U.S. Gas Prices Drop Ahead of Thanksgiving Travel

With OPEC Plus members in disarray over production levels, oil prices have fallen nearly 20 percent in three months.
The Great Disconnect: Why Voters Feel One Way About the Economy but Act Differently

Americans are angry and anxious, and not just about prices, which may be driving economic sentiment more than their financial situations, economists said.
A 30-Year Trap: The Problem With America’s Weird Mortgages

One big reason the U.S. housing market is broken: Owners don’t want to give up their cushy old loans.
Want to Know What’s Bedeviling Biden? TikTok Economics May Hold Clues.

Economic despair dominates social media as young people fret about the cost of living. It offers a snapshot of the challenges facing Democrats ahead of the 2024 election.