Wealthier Americans are driving retail spending and powering US economy

This is a trend that surprises many. Why do Americans continue to spend at a brisk pace in retail stores and restaurants, despite the pressure of high prices? One of the main reasons is relatively simple. That's because wealthier consumers are increasingly driving spending, driven by significant increases in income, home equity, and stock market […]

Harris holds small national lead as Trump increases his edge on the economy: poll

Vice President Harris continues to hold a narrow lead over former President Donald Trump, according to a new poll, even as Trump widens his lead on the issues that matter most to voters. A Reuters/Ipsos poll conducted Tuesday showed Harris leading Trump nationally, 45% to 42%, within the margin of error. Meanwhile, Trump's economic approval […]

More Americans favor Trump for their personal finances and the economy: Poll

More Americans think the economy will do better under former President Trump than Vice President Harris new researcheven though many economists have said they expect higher inflation and slower growth under the Trump administration. A Bankrate poll released Tuesday found that 42% of Americans say Trump is the better choice for personal finances and inflation, […]

Bloomberg editor: Harris declined interview on economy

Vice President Harris has “so far declined” invitations from the Chicago Economic Club and Bloomberg News to discuss her economic policy, one of the station's editors said Tuesday. At an event with former President Trump, Bloomberg Editor-in-Chief John Micklethwaite said, “For those of you who are on the record and watching TV, the Economic Club […]

Big US banks say consumers are still strong, despite economy fears – Yahoo! Voices

Written by Michelle Price and Nupur Anand NEW YORK (Reuters) – U.S. consumers remained resilient with strong spending in the third quarter, two of the country's largest financial institutions said on Friday. However, there are signs that some Americans are unable to bear the loss of income due to rising inflation. JPMorgan Chase and Wells […]