Oil prices could soar again absent a peace deal with Iran, Zandi said. Crude saw a fresh spike on Monday as US-Iran talks appeared to stall.
Billionaires worth a combined $1 trillion, including Brin, have fled California as a wealth tax inches closer to the ballot.
China's dominance in commodity trading has been confirmed by encouraging the big iron ore miner BHP to accept in part a Chinese ore price index
Experts are divided over NYC Mayor Zohran Mamdani and NY Governor Kathy Hochul's proposed luxury home tax.
A recent WalletHub study ranked all 50 US states by how much of residents' income goes to state and local taxes.
The zero-tariff regime gives China's soft power a boost, but may lead to uneven gains, say analysts.
Amazon executive chairman Jeff Bezos on Wednesday called for zero federal income taxes on the bottom half of earners.
Frustrated sellers are pulling their homes off the market at an increasingly high pace, as demand weakens and bidding wars wane.
Cepia Harper, 43, received $850 a month between 2022 and 2024. She earned a new teaching certification, but is back at a part-time retail job.
Leading labs like OpenAI and Anthropic have raised billions from investors to fuel their scaling and compute needs, and users are feeling the effects.
Few had heard of the crude oil-derived chemical until recently, but shortages caused by the blockade of the strait of Hormuz have led to a spike in concern
California Gov. Gavin Newsom said it's unfair how some people avoid paying the state sales tax when buying software.
Elon Musk endorsed a "universal high income" in response to AI-driven job losses, and says there won't be inflation due to surging productivity.
Legendary economist Gary Shilling says the S&P 500 could end tumble by as much as 30% this year as stocks get punished for high valuations.
Conditions that led to bloody prewar protests have been made worse, commentators say
Mayor Zohran Mamdani is launching his own government efficiency effort to cut red tape and reduce unnecessary spending in NYC.
The bitcoin price has topped $70,000 per bitcoin, up almost 20% from its recently lows...
As OpenAI and Anthropic prepare to go public, tech workers making six figures are grousing that they cannot compete with the new A.I. elite. Some doubt they can afford to stay.
Consumers are increasingly feeling the strain of the US Israel war in Iran.
Gold fell below the $4,000 per ounce mark Wednesday morning for the first time since November.
Prolonged closure of Strait of Hormuz could send crude oil prices to new highs this summer.
A public spending watchdog examines the property arrangements of royals including Andrew Mountbatten-Windsor.
Stocks have boomed while consumers have paid the costs of high energy prices.
President Donald Trump has returned from his state visit to China to face a challenging U.S. economy.
The central bank's Federal Open Market Committee is set to release its quarterly update of where individual officials expect interest rates to head.
A recent WalletHub study ranked all US states and Washington, DC, based on economic activity, economic health, and innovation potential.
Chipmakers led the way down in South Korea, where the main index plunged 10.5 percent. The Nasdaq in the U.S. was down 2.2 percent at Tuesday’s open.
Five charts help illustrate the state of Canada's economy - and how it's performing compared to other wealthy nations.
India’s fertility rate falls to 1.9 children per woman, with consequences for the workforce, the elderly and economy.
We dug into the data, toured the country and ran surveys to find the biggest financial pressures people feel.
New York City's proposed pied-à-terre tax targets billionaires like Jeff Bezos and Ken Griffin with luxury second homes.
States across the US often have different balances for education funding. See how much each state invests in public school students, ranked.
“We shouldn’t be asking this nurse in Queens to send money to Washington,” the Amazon chairman said.
The U.S.-Iran war and Strait of Hormuz closure have caused a global economic ripple effect, your credit score included as banks and lenders get tighter.
The breakfast favourite will be legally renamed when Britain aligns with new EU labelling rules.
PM urges Indians to work from home and avoid foreign trips during the global energy crisis due to the Iran war.
The IPO should boost tax revenue in the Golden State because thousands of newly wealthy employees who live and work there face a “millionaires” tax.
How much your heirs inherit depends on where you lived. Here’s a state-by-state guide to estate and inheritance taxes and onerous probate fees.
The philosopher made a radical proposal about wealth.
There was plenty of choreographed ceremonies, but there was no sweeping trade breakthrough as Trump met Xi in Beijing.
A decade ago, many economists argued the UK would sustain longer-term economic damage by leaving the EU. So what did happen?
Decades after the fall of the Berlin Wall, a population slump in the east lays bare the existing divisions
President Trump suggested that inflation would drop when the U.S. war against Iran ends, and said, "we've been taking out millions of barrels of oil."
JPMorgan chief executive Jamie Dimon has issued a stark warning over president Donald Trump’s crypto market structure bill…
U.S. importers, such as Walmart and Target, could be in line for billions in tariff refunds as the government launches its claims-filing portal on Monday.
The government cut funding for the New World screwworm monitoring program and then reportedly ignored ranchers warning the parasite was working its way to the U.S.
In a new book, Jim Penman argues our brains have been made insensitive to dopamine by over-exposure to sex, porn, social media, gambling, drugs, alcohol, caffeine and many other things
Less than a year ago, the FIFA president promised an economic boon equal to “104 Super Bowls”—but that “was not true when it was said and it’s not going to come true now.”
In Afghanistan today, a staggering three in four people cannot meet their basic needs.
The Middle East conflict is putting pressure on factory orders, costs and jobs in China's export-driven economy.
