The financial news that actually matters
When the Bureau of Economic Analysis first published its June 2024 estimate, the personal saving rate landed at 3.4% of disposable personal income. That was a strikingly weak number. Coming after months of concern about stubborn living costs and thinning household buffers, it fed a simple story: Americans were still spending, but they were not…
The U.S. economy grew faster in the third quarter of 2025 than first reported, with the Bureau of Economic Analysis revising real gross domestic product growth up to 4.4% from 4.3% at an annualized rate. The change was small, but it mattered because economists had broadly expected no revision and because the number arrived after…
The U.S. national debt has crossed $38 trillion, another milestone that arrived faster than the last one. Just as striking, the government’s annual interest burden has moved above $1 trillion, turning what was once a long-range warning into an immediate budget reality. Those two numbers matter together. A debt total on its own is easy…
The Federal Reserve entered its December meeting facing a problem that has defined much of the year. Inflation was still running above the central bank’s 2% target, but the job market no longer looked strong enough to justify leaving policy as restrictive as it had been. Officials decided to cut rates anyway, lowering the federal…
America’s retailers are heading into one of the busiest and least profitable stretches of the shopping calendar: the rush of post-Christmas returns. After a holiday season that the National Retail Federation forecast would break the $1 trillion mark for the first time, the industry is now bracing for a flood of merchandise moving in the…
Families using 529 plans to save for college head into 2026 with a mix of steadier federal rules and more movement at the state level. The biggest national threshold did not rise this time around: the federal annual gift-tax exclusion stays at $19,000 per recipient for 2026. But that does not mean nothing changed. In…
U.S. banks spent much of 2025 doing something that tends to ripple far beyond bank boardrooms: making it harder for businesses to borrow. By the end of the year, the pattern had become hard to dismiss as a passing response to a single headline or one weak patch of data. The Federal Reserve’s senior loan…
American consumers pushed online holiday spending to a new high during the 2025 season, underscoring how firmly digital shopping is now woven into the way people buy gifts. U.S. online sales reached a record $257.8 billion from Nov. 1 through Dec. 31, according to Adobe Analytics, while separate retail tracking showed e-commerce growing faster than…
When the federal student loan payment pause finally ended, roughly 28 million borrowers were pushed back into repayment at once. The restart closed a relief program that had shielded households from monthly bills and interest charges for more than three years, but it did not mark a clean return to normal. Instead, it opened a…
The Nasdaq Composite closed 2025 at 23,241.99, finishing the year with a 20.4% gain and extending a rally that was driven far more by artificial intelligence spending than by a broad rise across the entire technology sector. Even with some weakness in the final trading session, the index still turned in one of its stronger…