Americans are spending more money than they’re making due to tariff-induced cost pressures. Plus: ICE raids on businesses, Olympic surfing, and an LA artist.
Dramatic interest rate cuts could lead to falling bond yields and an increase in spending, in the short term. Plus: In-store ads, a traveling nurse, and AI tools for tariff calculations.
Stubborn inflation and strong consumer spending means retailers can raise their prices. Plus: H-1B visas, the TikTok algorithm, teen factory training, and the farm bill.
Transforming Chrome into an agentic browser will give Google’s AI unprecedented access to users’ data. Plus: Feeding Alaska and a Jo-Ann Fabrics replacement.
August saw roughly equal numbers of Americans getting hired and losing their jobs. Plus, risks to mobile homes, a plus-size mall, and two farmers’ trade war concerns.
The highest earners in this economy account for nearly half of consumer spending. Plus, mortgage refinancing, Etsy tariffs, a nontraditional student, and a Fed rate cut.
