Breaking GroundOlympics 2024I've Always Wondered ...My EconomyElection 2024

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Election 2024

Biden White House has a lot on its economic plate before term ends

by David Brancaccio and Ariana Rosas
Jul 26, 2024
Lindsay Owens of the Groundwork Collaborative points to relief from junk fees and medical debt as well as policy fights around taxes.
President Joe Biden speaking in Chicago about his "Bidenomics" economic agenda.
Andrew Caballero-Reynolds/AFP via Getty Images
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Many small businesses wobble under weight of high rates

by Stacey Vanek Smith
Jul 25, 2024
Small operations have endured pandemic rules, lockdowns and rising costs. Refinancing their loans could be as painful, or worse.
A loan to open a new location before the pandemic "completely destroyed the business," said bakery owner Erin McKenna. She's not the only businessperson struggling with high interest rates and sizable debt.
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Consumers just keep spending, fueling GDP growth

by Kristin Schwab
Jul 25, 2024
Second quarter gross domestic product growth was 2.8%. That’s double the GDP growth in the first quarter of the year.
What really drives GDP, especially the acceleration in the past few months, is consumers.
Brandon Bell/Getty Images
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Why do fewer Americans think they'll be working past age 62?

by Mitchell Hartman
Jul 25, 2024
American workers now expect to retire at a younger age than they did before the pandemic. But what kind of retirement will it be?
More Americans believe they won't work past age 62.
Justin Sullivan/Getty Images
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Real estate industry braces for commissions overhaul

by Amy Scott
Jul 25, 2024
But how much will really change on August 17?
The upcoming change will remove real estate agents' incentive to steer buyers toward a listing with a higher commission.
Justin Sullivan/Getty Images
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Olympics 2024

Fashion startups taking on big brands at the Paris Olympics

by Megan Lawton
Jul 25, 2024
The Olympics is big business for brands — and this year, it's not just giants like Adidas and Nike whose uniforms will be worn by competitors.
Above, Dutch skateboarder Roos Zwetsloot competes during the Skateboarding Women's Street Preliminaries in June wearing a Cariuma shirt. The sustainable Brazilian brand designed the uniform for the Netherlands' skateboarding teams.
Attila Kisbenedek/AFP via Getty Images
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FTC investigates companies' use of surveillance pricing

by Samantha Fields
Jul 25, 2024
The Federal Trade Commission wants to know how firms are using surveillance pricing as ever more data on consumers is collected.
Mandel Ngan/AFP via Getty Images
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Economic Pulse

What pathways to work do immigrants without permanent legal status have?

by Erika Soderstrom
Jul 25, 2024
Legal loopholes for working without authorization exist, as immigrants await updates to their status or work permits.
While waiting for legal authorization to work, immigrants who entered the U.S. without legal permission can get work.
Manjurul/Getty Images
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How a slowing GDP might be good news for the economy

by Mitchell Hartman
Jul 24, 2024
The Federal Reserve will be looking for signs that the economy is slowing in a manageable way so that it can cut interest rates.
“Sometimes, bad news is good news," says Paul Christopher at the Wells Fargo Investment Institute. "And right now, a slowing economy is that bad news that’s really good news."
Spencer Platt/Getty Images
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$10.24 for a burrito? Here’s why some restaurants don’t round up.

by Janet Nguyen
Jul 24, 2024
While you might expect the cost of a meal to end in "99," some businesses use unusual pricing to ensure they get the profit margins they want.
Some restaurants use specific prices to ensure they're getting the profit margins they want.
LauriPatterson/Getty Images Plus
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