The Latest Breaking News from Mark Zandi

Investor Steve Eisman, known for accurately calling the 2008 financial crisis, is sounding the alarm once again, this time on the growing disconnect between America’s booming tech sector and its stagnating broader economy.

Even with the U.S. economy growing by 3.8% last quarter, and unemployment holding at 4.3%, Moody's (NYSE:MCO) Analytics said that roughly half of all U.S. states are actually seeing their economies shrink.

Reddit recently lit up with thousands of responses to the question: “What’s an industry that exists only to service the very rich?” The answers, drawn from firsthand experiences and industry insiders, reveal just how many entire businesses cater exclusively to the ultra-wealthy.

Despite an encouraging upward revision of the U.S. economic growth during its third estimate release, a prominent economist is cautioning that significant risks persist, with stock market valuations reaching levels not seen since the dot-com era.

Stronger GDP also means the Federal Reserve will be under less pressure to lower rates aggressively.

Nearly 6 million older Americans reside in houses far larger than necessary, while growing families are crammed into spaces that are too small.

Despite elevated living costs and a tight job market, the U.S. economy is still strong. Moody's Chief Economist Mark Zandi says it's wealthy people who are keeping the economy afloat.

Oxford Economics finds that tariffs, labor dynamics, and policy shifts have hit younger and lower-income households hardest.

New financial products are keeping them in place, Meredith Whitney said: "This has made it easier for seniors to hold on to their homes by tapping into some of this built-up equity."