#economy

#economy

The One Big Beautiful Bill Act removes federal tax obligations from Social Security income for 88% of seniors, allowing 51.4 million retirees to retain more income.

Andrew Webb, chief economist at Grant Thornton Ireland, said the rise in the headline rate to 4.9pc is a warning light on the economic dashboard.

Barbados's economy is heavily reliant on tourism, contributing nearly one-third of GDP, with a noticeable increase during the northern hemisphere's colder months.

The 30-year fixed mortgage rate dropped to 6.57%, the lowest figure since October 2024, according to Mortgage News Daily.

France's purchasing power stands at $3.76 trillion, making it a leading economy capable of funding an elite military, positioning it as a significant global military power.

Firing a labor statistics chief after an underwhelming jobs report undermines confidence in the system, raising concerns about perceived political bias in the data.

Washington experienced a significant loss of 11,300 construction jobs from June 2024 to June 2025, marking the largest decline in the nation according to AGC.

Dr. Alan Ahearne, known for predicting the 2008 property crash, declares that rising house prices are expected to continue increasing without signs of a downturn in the near future.

Today's GDP reading was stronger than expected, but much like the first quarter data-which showed a modest decline in economic activity-the details really matter. Put simply, the first quarter wasn't as bad as the headline figure implied, and this quarter isn't quite as strong as implied in the data.

Private equity firms frequently prioritize short-term profits, compromising the long-term sustainability of businesses. This creates negative consequences for workers, consumers, and the overall economy.

“U.S. stocks appear to be in a tepid future as the prevailing optimism from major financial institutions doesn't align with long-term investment strategies advocated by Vanguard.”

Chinese investments could play a crucial role in enabling Brazil to boost its industrial capacity and diversify its economy, especially amidst increasing tariffs from the US.