Ten of 11 S&P 500 sectors suffer their worst month in 2024. Here’s what comes next.

U.S. stocks closed out their worst month of 2024, with ten out of the S&P 500 index’s 11 sectors posting their biggest monthly percentage decline this year. Read More

Growth in US labor costs accelerates in first quarter

U.S. labor costs increased more than expected in the first quarter amid a rise in wages and benefits, confirming the surge in inflation early in the year that will likely delay a much- anticipated ... Read More

Hourly Earnings Growth for U.S. Small Business Workers Increases and Job Growth Slows Amid Tight Job Market

According to the Paychex Small Business Employment Watch, hourly earnings growth increased slightly to 3.34%, ending a nearly two-year trend of deceleration, and job growth slowed in April. U.S. small ... Read More

The US economy is already in a recession, and it's following the same path as China by becoming reliant on debt, veteran forecaster says

Rising layoffs and sluggish job growth are major signs the economy is already in a hard landing, one top forecaster says. Read More

US business inventories pick up in February

U.S. business inventories rose in February amid strong gains at retailers and wholesalers, suggesting that inventory investment could contribute to economic growth in the first quarter. Read More

U.S. growth fell sharply to 1.6% last quarter, pressured by high interest rates

The nation's economy slowed sharply last quarter, but consumers — the main driver of economic growth — kept spending at a solid pace. Read More

Stocks plummet on report U.S. GDP growth slowed to 1.6% in first quarter

U.S. gross domestic product slowed to a lower than expected 1.6% in the first quarter, according to a Thursday Bureau of Economic Analysis report. In the fourth quarter 2023 It was 3.4%. Read More