US Economy

Americans Are Leaving the U.S. in Record Numbers, Report Shows

The United States recorded its first net population loss from migration in at least half a century in 2025, with more Americans leaving the U.S. than entering it, according to a new report from The Brookings Institution. Researchers estimate net...

JPMorgan CEO Warns of Stormy Times Ahead for US Economy

JPMorgan Chase CEO Jamie Dimon is sounding the alarm on the direction of the US economy, cautioning that the full impact of trade tensions, immigration policies, and previous fiscal measures has yet to emerge. Speaking during a podcast interview, Dimon...

How Will Trump’s Tariffs Impact Global Shipping?

The shipping industry is highly exposed to geopolitical risk, as global trade routes, port access and maritime security are often disrupted by conflicts, sanctions, territorial disputes and policy shifts. Now, with President Donald Trump back in the White House, professionals...

John Koudounis Offers Solutions to Market Volatility Ahead of the Election

President and CEO of Calamos Investments John Koudounis warned of volatility in the markets due to the uncertainty of the Presidential election during a Q&A at the Concordia annual summit taking place this week in New York. "There's no question...

US Jobs Growth Stagnation Paves the Way for Interest Rate Cuts

After July's poor jobs report in the US, all eyes were on August's report to measure the state of the United States economy, especially considering that speculation about a possible cut to the interest rate by the Federal Reserve...

Applications for Unemployment Benefits Increase in the US

The number of US citizens applying for unemployment benefits has increased significantly. According to the Labor Department, unemployment claims rose by 4,000 to 232,000 for the third week of August. The four-week average, however, ticked down by 750 to...

US Inflation Rate Brakes to Slowest Since 2021

Inflation in the US is at its slowest since 2021, increasing chances that the Federal Reserve will start cutting interest rates. This optimism comes after the United States Labor Department reported that, over the last year, prices rose by...

Bank of America CEO: A Recession Is Unlikely

Brian Moynihan, the CEO of Bank of America, has said the financial institution no longer sees recession as inevitable. Moynihan credits the Biden administration and Federal Reserve for avoiding financial disaster. In an interview with CBS, the Bank of America...

Fitch Downgrades US Credit Rating, Warns of Mild Recession

Credit agency Fitch has downgraded the US government's credit rating following what it called a "steady deterioration" in governance over the last twenty years. Fitch, one of three major independent agencies that assess creditworthiness, cut the rating from the top...

US Congress Approves Debt Deal, Averting Default

The US Congress has approved a deal to lift the country's borrowing limit, days before the world's largest economy is due to default on its debt. The bipartisan measure sped through the Senate by a vote of 63-36, a day...