How device hoarding by Americans is costing economy

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If you are holding onto your aging printer or cracked smartphone longer than you had planned, you are not alone. Heather Mitchell, 69, retired and living in Tucson, Arizona, is content with her phone even though it is old by smartphone standards. “My Samsung Galaxy A71 is six-years-old. It’s hanging in there surprisingly well for […]


Trump’s dinner with top CEO’s consisted of praising a ‘booming’ economy while addressing tariff concerns

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Last week, some of the nation’s top CEOs talked and laughed with President Trump while enjoying dinner at the White House, chewing over a US economy that the president claims is headed for growth not seen since the days of the Gipper back in the 1980s. But privately, many left that night wondering if the president really […]


AI spending is boosting the economy, many businesses in survival mode

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Cameron Pappas, owner of Norton’s Florist Norton’s For Cameron Pappas, owner of Norton’s Florist in Birmingham, Alabama, the artificial intelligence boom is a world away. While companies like Nvidia, Alphabet and Broadcom are lifting the stock market to fresh highs and bolstering GDP, Pappas is experiencing what’s happening in the real economy, one that’s far removed […]


U.S. consumers expect high prices, weak economy, Deloitte survey says

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As the peak holiday shopping season approaches, most U.S. consumers have a downbeat outlook on the economy, according to an annual Deloitte survey published on Wednesday. Most consumers surveyed — 57% — said they expect the economy to weaken in the year ahead, the consulting firm found in a poll of roughly 4,000 respondents. That […]


» Guess which top college is launching a “creator economy” program?

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I’ll give you a hint. They bleed orange and blue and Dinosaur B-B-Q. Last week, Syracuse University announced the launch of a new Center for the Creator Economy. The first academic hub of its kind on a U.S. college campus, this spanking new third space—fourth space? Fifth space?!—will “offer courses, [and] research and industry partnerships […]


This is why Jamie Dimon is so gloomy on the economy

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Jamie Dimon, CEO of JPMorgan Chase, testifies during the Senate Banking, Housing and Urban Affairs Committee hearing titled Annual Oversight of Wall Street Firms, in the Hart Building on Dec. 6, 2023. Tom Williams | Cq-roll Call, Inc. | Getty Images The more Jamie Dimon worries, the better his bank seems to do. As JPMorgan […]


China Cuts Interest Rates to Shore Up Economy Hit by Trade War

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China’s central bank cut interest rates and made it easier on Wednesday for banks to increase lending and pump more money into the economy, in the most significant policy steps taken by Chinese officials to limit the impact of the trade war with the United States. The central bank, the People’s Bank of China, cut […]


Netflix Boasts That It’s Stable, Even in a Tough Economy

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There may be turmoil in the financial markets, but Netflix continues to roll. The streaming giant earned $10.5 billion in revenue and nearly $2.9 billion in net income in the first three months of the year, exceeding Wall Street’s forecasts, the company reported Thursday. The announcement represents the kickoff to media earnings season, which is […]


Airlines bank on splurging vacationers as clouds form on economy

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A view from the Delta Sky Club at Los Angeles International Airport, Sept. 2, 2022. AaronP | Bauer-Griffin | GC Images | Getty Images Airlines have a bird’s eye view of the economy, and CEOs are seeing clouds. Delta Air Lines and Frontier Airlines pulled their 2025 outlooks last week, calling out a murky U.S. […]


Stock Market Chaos Over Tariffs Could Take Toll on Economy

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This time, maybe the stock market is the economy. Financial markets around the world have plummeted in the days since President Trump announced sweeping tariffs, setting off a global trade war. The S&P 500 declined more than 10 percent in two days last week. It swung wildly on Monday amid news of further tariffs and […]