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The Latest Breaking News from Elizabeth Renter

Dow Closes Lower as Caterpillar Stock Slumps: Stock Market Today

Sinking chip stocks dragged on the Nasdaq on Wednesday, but a big rally for Meta Platforms helped limit losses.

Americans are spending faster than their income is growing

Americans are spending faster than their income is growing

There's new evidence that suggests households are increasingly drawing down savings to support their spending.

Americans Are Spending Faster Than They Earn As Savings Rate Falls, Figures Show

Americans Are Spending Faster Than They Earn As Savings Rate Falls, Figures Show

Consumer spending rose in April even as disposable personal income fell, suggesting many Americans are no longer spending from strength but from savings.

International Business Times

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After a year of whiplash, U.S. jobs market is stabilizing

So far, the damage that was expected to ripple through hiring simply hasn't shown up.

A quarter of Americans now say they need to make at least $150,000 to feel secure—and inflation is largely to blame

Inflation has fueled a need for higher wages, but perceptions have also played a part, say experts.

Bad ‘vibes’ may be having a bigger impact on the economy now

While consumer sentiment recovered a bit after Trump postponed his highest tariff rates, it’s still 20% below December 2024 levels.

Shark Tank's Kevin O'Leary says people are 'idiots' for spending money on coffee every day

The Canadian investor’s argument harkens back to millennial’s avocado toast problem, which has been debunked.

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Stock Market Today: Stocks Rise as Meme Stock Craze Continues

Stock Market Today: Stocks Rise as Meme Stock Craze Continues

GameStop and several other highly shorted stocks surged again Tuesday, while Home Depot slipped after earnings.

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