Builders are mostly working on apartments and condos, and are still waiting to commit to more residential construction.
A lack of predictability and stability is putting the dollar’s “exorbitant privilege” at risk.
A new report by MIT found that businesses are mostly not replacing humans with AI, although they are using AI to reduce outsourcing.
Wealthier Americans are driving much of the growth in spending, while lower-income consumers are falling further behind.
The United States exported a record 31 quadrillion BTUs of energy last year, about 30% of total domestic energy production.
Profits in the second quarter are on track for about 12% year over year growth, according to an analysis by FactSet.
Federal Reserve Chair Jerome Powell is scheduled to speak at a research conference on Friday in Jackson Hole, Wyoming. What can we expect?
That may be in part because wealthy consumers especially have tried to get ahead of tariffs by purchasing costlier items now.
Fewer government grants and contracts, as well as tariffs, are at the top of the list.
Local and state funding, small donors, private foundations — all are stepping up to fill the gap left by sudden funding cuts from the National Endowment for the Arts.