U.S. Economy
Treasury yields move higher as markets look to faster economic growth in 2026
U.S. Treasury yields moved higher on Monday to start off the first day of December as investors increased bets on the Federal Reserve cutting interest rates in its upcoming meeting. At 5:47 a.m. ET, the 10-year Treasury was up more than 2 basis points at 4.044%, while the 30-year bond yield climbed 3 basis points to 4.702%. The 2-year note yield […]
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Chinese consumer brands flood into Africa as old investment model fades and exports jump 28%
A picture taken on December 8, 2014 in Abidjan shows a Chinese shoe dealer in a transaction at Adjamene’s market. Sia Kambou | Afp | Getty Images Chinese business dealings in Africa, once dominated by state-owned enterprises, are now increasingly shifting toward consumer products from the private sector. While Africa’s faster-growing economies, such as Kenya, […]
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Bessent believes there won’t be a recession in 2026 but says some sectors are challenged
Scott Bessent, US treasury secretary, arrives to speak during a site expansion groundbreaking ceremony at the Boeing South Carolina (BSC) manufacturing facility in North Charleston, South Carolina, US, on Friday, Nov. 7, 2025. Sean Rayford | Bloomberg | Getty Images Treasury Secretary Scott Bessent said on Sunday the U.S. was not at risk of entering […]
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Americans are holding onto devices longer than ever and it’s costing economy
If you are holding onto your aging printer or cracked smartphone longer than you had planned, you are not alone. Heather Mitchell, 69, retired and living in Tucson, Arizona, is content with her phone even though it is old by smartphone standards. “My Samsung Galaxy A71 is six-years-old. It’s hanging in there surprisingly well for […]
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‘This is a structural goods recession’: U.S. freight market is starting to roll over as Chinese trade plummets
The impact of President Donald Trump’s tariffs continues to rip through the logistics and transportation sectors, with major ports experiencing a steep drop in imports after records were set earlier this year, and volumes throughout the supply chain rolling over. For the first time in 2025, rates for van, flatbed, and refrigerated loads in October […]
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Trump says he’d love to fire Powell, urges Bessent to ‘work on’ him to lower rates
President Donald Trump on Wednesday said he would love to fire Federal Reserve Chair Jerome Powell, but suggested that Treasury Secretary Scott Bessent is holding him back. “[I’ll] be honest, I’d love to fire his ass,” Trump said of Powell at the U.S. Saudi Investment Forum in Washington, D.C. Trump urged Bessent to “work on” […]
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AI could be causing ‘quiet time’ in labor market, top Trump economic aide Hassett says
Artificial intelligence could be increasing worker productivity so much that companies slow hiring, top Trump administration economic advisor Kevin Hassett said Monday. “I think that there have been mixed signals in the job market,” the National Economic Council director said on CNBC’s “Squawk Box,” adding that he has seen “really, really positive signals in the […]
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Americans are heating their homes with bitcoin this winter
As winter’s chill settles in across the U.S., and electricity bills become a bigger budgeting issue, most Americans will rely on their usual sources of warmth, such as home heating oil, natural gas, and electric furnaces. But in a few cases, crypto is generating the heat, and if some of the nascent crypto heat industry’s […]
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Surveillance tech leads workers’ comp claims to plummet at NYC construction sites
New technology is cutting workers’ compensation claims and fraud across industries. But in construction, the results are on camera. Working with Arrowsight, a safety technology company specializing in video-based behavioral modification and coaching analytics, specialty cameras are installed around job sites. Those cameras will pick up on things like workers scrambling under a load of […]
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What now for peak oil? Unpacking a surprise twist in the fossil fuel feud
A worker inspects the outdoor gas pipes at the underground gas storage facility operated by Gas Storage CZ AS, in Haje, Czech Republic, on Friday, Jan. 3, 2025. Bloomberg | Bloomberg | Getty Images The International Energy Agency’s latest outlook signals that oil demand could keep growing through to the middle of the century, reflecting […]
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