The U.S. national debt is climbing at a rapid pace, on track to double over the next three decades amid a rush of spending by President Biden and Congress.
A key measure of home-purchase application plummeted more than 5% last week as mortgage rates continued to hover over 7%, crushing demand among buyers.
GDP increased at a 3.2% annualized rate last quarter, revised slightly down from the previously reported 3.3% pace, the Commerce Department's Bureau of Economic Analysis said.
Florida and Texas are the top destinations in the country for entrepreneurs looking to start a new business, according to a study published by Simplify.
TJM Institutional Services Director James Iuorio provides his expectations for the upcoming PCE data, inflation and the boom in bitcoin.
FTX founder Sam Bankman-Fried's lawyer on Tuesday requested that a judge give a lenient sentence, arguing that FTX's clients would have most of their funds returned.
U.S. home prices continued to march higher in December, according to new S&P data, as would-be homebuyers compete for a limited number of homes for sale.
JPMorgan Chase strategists warned in a note to clients that the U.S. economy faces heightened risk of returning to a 1970s-style stagflation scenario.
Expedia Group is planning to cut about 1,500 jobs and reduce the size of its workforce by about 8% as it continues a restructuring effort after undergoing a technical overhaul.
JPMorgan Chase CEO Jamie Dimon said he remains cautious about the prospects for the U.S. economy to have a soft landing but that market sentiment is improving.