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US economy grew at a 2.8% pace in the second quarter, more than expected

Claudia Thurm, chief economist at New Century Advisors, and Michael Kantrowitz, chief investment strategist at Piper Sandler, join “Making Money” to discuss whether the economy is on the brink of a recession. of U.S. Economy It grew at a faster pace than expected in early 2024 as consumers continued to loosen their purse strings despite […]

Number of US millionaires grew by 500K last year: Report

A new study finds that the number of billionaires in the United States increased by about half a million last year, faster than any other country. The number of “affluent” Americans has increased by 7.3 percent and now stands at more than 7.4 million, according to a recent report. CapgeminiBy 2022, the number will reach […]

GDP grew just 1.3% last quarter, consumer spending weaker than expected

The U.S. economy grew at a sluggish 1.3% annualized rate in January-March, the slowest quarterly growth rate since spring 2022, the government said Thursday, revising down its previous forecast. Consumer spending increased but at a slower pace than previously expected, suggesting that high interest rates and lingering inflation are putting pressure on household finances. The […]