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AdvertisementAs many Americans struggle with a high cost of living, Gen X is in a particularly tight spot. Gen X has the highest income of all but also the highest debt. As a Bank of America Institute research note said, Gen X has seen its discretionary spending drop the most of all generations. The analysis attributed that, in part, to Gen Xers trying to sock away more for retirement and investing more. AdvertisementBut as Bank of America notes, Gen X is in the "sandwich" phase of life: Some are juggling supporting adult children and older relatives.
Persons: X, Gen X, Xers —, they're, Xers, Gen Xers, I'm, Wendy Graham, Barbara Lose, Graham, who's, Xer Organizations: Federal Reserve Bank of Philadelphia, Philadelphia Fed, Bank of America Institute, of Labor Statistics, Bank of America, University of Michigan's Locations: Philadelphia, Florida
CNN —Elon Musk and Vivek Ramaswamy intend to lean on two recent Supreme Court rulings that they argue will make it easier to tear up a multitude of federal regulations. However, multiple legal and regulatory experts told CNN that Musk and Ramaswamy are misinterpreting the decisions, which could actually make it harder to overturn existing rules. Slashing needed workersWhat’s more, the endeavor would require a lot of assistance from agency staffers – the very workers that Musk and Ramaswamy have promised to cut. For instance, in a town hall on X last month, Musk repeatedly criticized government regulations, citing their interference with his companies. “It’s quite arduous getting regulatory approval,” Musk said while discussing his Neuralink startup that develops implantable brain-computer interfaces.
Persons: CNN — Elon Musk, Vivek Ramaswamy, Donald Trump, Raimondo, Ramaswamy, won’t, , James Broughel, hasn’t, ” Musk, Trump, Nicholas Bagley, , Richard Pierce Jr, ” Broughel, ” Trump, Broughel, Biden, Joe Biden’s, Musk, ” CNN’s Tierney Sneed Organizations: CNN, Government, Environmental Protection Agency, Loper Bright Enterprises, Competitive Enterprise Institute, , Street, Congress, University of Michigan Law School, George Washington University, of Economic, Public Citizen, SpaceX Locations: West Virginia
While economists say this holiday shopping season could ultimately be the most normal one (sales-wise) since before the pandemic, it’s also decked out with plenty of uncertainty. While it would set a new record as well (keep in mind, those figures aren’t adjusted for inflation), this holiday season might be a little more muted than last. A shortened holiday seasonA short shopping season, however, may force the hands of retailers who are looking to hold back on deep promotions. This year, there are 26 days between Thanksgiving and Christmas, marking the shortest holiday shopping season possible. Courtesy Dan MarshallMarshall remains quite optimistic that Mischief will enjoy yet another strong Black Friday, Small Business Saturday and, ultimately, holiday season.
Persons: It’s, it’s, , Neil Saunders, “ it’s, Frederic J . Brown, TJ Maxx, Scrooge ‘, Saunders, ” Franklin Bracken, Locker, Bing Guan, ” Bracken, Jeffrey Davidson, , ” Davidson, Shannon Grein, “ It’s, Seth Wenig, TransUnion, Charlie Wise, TransUnion’s, Wise, Brendan McDermid, Dan Marshall, Marshall, Dan Marshall Marshall, “ We’re, , they’ll Organizations: CNN, B Department, Jersey Shore, National Retail Federation, GlobalData, Getty, Walmart, Target, Goldman, Global Retailing Conference, Bloomberg, Black, University of Michigan, Reuters, November’s University of Michigan, University of Locations: Jersey, Las Vegas , Nevada, AFP, New York, New Jersey, Wells Fargo, Ramsey , New Jersey, Wells, New York City, Oxford, St, Paul , Minnesota
Experts point to turnout and dissatisfaction with the economy as the driving forces behind the results. “The main story is the relatively low levels of turnout for Harris in key Democratic places compared to Biden in 2020,” Kollman said. Riverside, another California county where Asian Americans have strong representation, also flipped for the GOP in a photo-finish race decided by a few thousand votes. But while Harris’ vote count grew 21%, it was no match for Trump’s nearly 50% improvement. But in counties with the largest share of advanced degree holders, Trump actually gained votes while Harris shed them.
Persons: , Ken Kollman, Harris, Biden, ” Kollman, , Hillary Clinton, Trump, Harris underperformed Organizations: NBC, University of Michigan, Trump, Merced County —, Riverside, GOP, Trump’s Locations: Hinds County, Mississippi, Alameda County , California, In California, Merced County, California, Riverside, Merced
AdvertisementDr. Casey Means and her brother Calley are helping shape RFK Jr's new approach to America's health. In a best-selling book "Good Energy," she makes a case that modern diseases are rooted in metabolic health. Robert F. Kennedy Jr. is a fan of Casey Means' work and views in the wellness space. Her mantra is that a healthy metabolism can reverse many health conditionsMeans' book promotes the pursuit of Good Energy, which she defined as great metabolic health. AdvertisementShe espouses popular advice around diet, exercise, and sleepThroughout the book, Means promotes widely agreed-upon health advice.
Persons: Casey Means, Calley, Dr, Marc Andreessen, Means, John McCain's, Donald Trump, Robert F, Kennedy Jr, Kennedy, MAHA —, Rebecca Noble, Tucker Carlson, Joe Rogan's, I've, Brad Stulberg, Christy Harrison, they've, Calley Means, Matt Harbicht, Andrew Huberman, Peter Attia, Harrison, Meredith Schneider Organizations: RFK, Stanford, Department of Health, Human Services, Wall Street Journal, Good Energy, University of Michigan, pharma, Tandem Diabetes Locations: Spain
AdvertisementShoppers are willing to spend this holiday season, but many are still budget-conscious. Shoppers appear ready to spend this holiday season, but many aren't giving up the search for bargains just yet. Multiple signals suggest that some shoppers feel less pinched financially as the biggest shopping season of the year ramps up. As such, many are looking for good deals, as they have been for much of this year, while still spending on the holiday season. Friday's retail sales growth showed "a good early step forward into the holiday shopping season," National Retail Federation Chief Economist Jack Kleinhenz said.
Persons: Claire Tassin, Tassin, Milton, Jack Kleinhenz, Kleinhenz, Doug McMillon, John Rainey, Rick Gomez Organizations: Shoppers, Morning, Retailers, Nordstrom, Bank of America Institute, University of Michigan's, Hurricanes, Retail Federation, Census Bureau, Walmart, Target
AdvertisementTrump's proposed tariffs could raise costs for hardware startups making physical goods. Hardware startups rely on a host of manufacturers that are mostly based in China. When China-based manufacturers ship the final products back, the hardware startups may get hit with levees of up to 60 percent on goods from China, according to Trump's statements during his campaign. AdvertisementThe impact on startups: 'We're done here'In the aftermath of Trump's election win, euphoria is sweeping through the business world. AdvertisementHe said he's worried about the potential for Trump tariffs to spark a recession.
Persons: Donald Trump's, Nikhil Basu Trivedi, Jared Friedman, Combinator, Friedman, Graham Anderson, Marc Andreessen, Elon Musk, Bradley Tusk, Santosh Sankar, Trump's, Tim Cook, Cook, Donald Trump, Ivanka Trump, Steven Mnuchin, Mandel Ngan, Alan Deardorff, Trump, Deardorff, he'll, Lea Suzuki, Spencer Penn, Tesla, Penn, , Chris Van Dyke's, he's, Van Dyke Organizations: Investors, Elon, Washington Post, Washington, Dynamo Ventures, Apple, Trump, Mac, Getty, Big Tech, University of Michigan, Tesla, San Francisco Locations: China, Asia, When China, Flexport, Austin , Texas, AFP, Fremont , California, Europe
Twelve percent of parents worry that their child’s anger could lead to problems, according to a new C.S. Many parents also expressed concern about the example they set for their children, with 70% saying they sometimes model poor anger management themselves. These parents are also more likely to feel they might be demonstrating poor anger management techniques, worry about the potential problems caused by their child’s anger and note that their child has encountered negative repercussions when angry. In fact, 30% of parents report they have not received advice on how to help their child manage their anger. Although more than 60% of parents say their child has learned anger management techniques at school, less than half say the school provides resources to help parents address the issue at home.
Persons: CNN —, Mott, , Sarah Clark, , ” Clark, Neha Chaudhary, Katie Hurley, ” Hurley, you’ve, ” Chaudhary, Hurley, Clark, Chaudhary Organizations: CNN, Mott Children’s, Children’s, Mott Poll, University of Michigan, Massachusetts General Hospital, Harvard Medical School, Locations: Ann Arbor, Massachusetts
Busy calendars can be seen as a status symbol yet can lead to burnout, an executive coach told BI. It's not uncommon for Brandon Dock to hear from execs that they're too busy to meet. "So you could either be busy every day for the next five weeks, as you claim, or you could take a half hour," Dock said. "If you have a very busy calendar, some workers use this as a status symbol," Leussink said. "I have a couple of clients that are really going through some pretty heavy burnout right now, based on their calendars," Walker said.
Persons: Brandon Dock, they're, Dock, Joep, Leussink, Kate Walker, Walker, she's, execs, Ethan Kross, who's, Kross, he'd, hadn't, what's, It's, " Kross Organizations: Workers, Control, University of Michigan Locations: AddEvent, San Francisco, we're
Approximately 1 in 3 U.S. adults ages 18 to 34 live in their parents' home, according to U.S. Census Bureau data. The pandemic caused more young adults to return home or remain living with their parents into their late 20s and 30s, but aside from that spike, the numbers have remained fairly consistent in recent years. The 2008 financial crisis, the Great Recession and the pandemic are all examples of economic shocks. More than half of Gen Z adults say they don't make enough money to live the life they want due to the high cost of living, according to a 2024 survey from Bank of America. A significant number of millennials and Gen Z adults lack emergency savings.
Persons: Joanne Hsu, Hsu Organizations: Census, University of Michigan, Federal Reserve, Finance, Bank of America Locations: U.S
Tom Brady's endless list of accolades include seven Super Bowl rings, three NFL MVP awards and 15 Pro Bowl appearances. But despite all his winning, Brady views his losses as the most important moments of his career. The 47-year-old broadcaster recalled years spent at the bottom of the QB depth chart, first in high school and then in college at the University of Michigan. I had to compete my butt off in high school for four years," he said. Young athletes today are done a disservice by switching schools or athletic programs when things aren't going their way, Brady said.
Persons: Tom, Brady Organizations: Fortune Global, University of Michigan
Georgetown University, University of Michigan and s3mc.orgGeorgetown University, University of Michigan and s3mc.orgWhat also stands out in the charts over time is the lack of a sustained narrative about either candidate. On average, over the 20 weeks The Breakthrough survey was fielded this year, roughly 76% of US adults said weekly they’d heard at least some news about Trump. In the 15 full weeks of data following Harris’ entry into the race, a slightly smaller share – about 71% on average – said they’d heard something about her. Sentiments expressed by political independents when talking about the news surrounding Trump were negative throughout the campaign. Their sentiment when discussing what they’d heard about Harris, which was close to neutral at the start of her candidacy, declined modestly throughout the fall, undercutting her advantage over Trump on that metric.
Persons: Donald Trump, Kamala Harris, Trump’s, Joe Biden, Harris, , Harris –, SSRS, Trump, Gallup’s Frank Newport, , , Hillary Clinton, they’d, Biden, , undercutting, Jennifer Agiesta, Edward Wu Organizations: CNN, Trump’s, Trump, Georgetown University, University of Michigan Locations: Puerto Rico
Tom Simek got fit at 59 after being diagnosed with osteoporosis and high cholesterol. Now 72, he's competed in "American Ninja Warrior" and won medals in the National Senior Games. The retired building contractor based in Santa Fe had spent his working life prioritizing his family and business over his health. 4) Better sleep"When you're fit, your mind works better, and you sleep better," Simek said. And research shows that being physically active is linked to better sleep quality, according to Dr. Charlene Gamaldo, the medical director of Johns Hopkins Center for Sleep.
Persons: Tom Simek, he's, , Simek, Elizabeth Morris, Charlene Gamaldo Organizations: National Senior Games, Service, Senior, NBC, University of Michigan, Senior Games, Mobility, BMC Health Services Research, Experimental Gerontology, Johns Hopkins Center for Sleep Locations: Santa Fe, New Mexico
Austin, the state capital of Texas, can add another title to its name: best college town in the U.S., according to a recent ranking by WalletHub. The city is home to a number of schools, including the University of Texas at Austin, which is one of the largest research universities in the U.S. and has a student population of over 51,000. The city itself is located in central Texas and home to nearly 980,000 people, with a median household income of $86,556, per the latest available U.S. Census data. To generate its list of best college towns, WalletHub used data from a number of sources, including the U.S. Census Bureau and the Bureau of Labor Statistics, to analyze 415 cities and towns of various sizes across America. Plus, the cities tend to come with a lower cost of living than larger cities like New York or Los Angeles.
Persons: Austin, Austin Ann, Ann Arbor, Tempe Gainesville , Florida — University of Florida Atlanta — Georgia Institute of Technology It's Organizations: WalletHub, University of Texas, U.S . Census, Bureau of Labor Statistics, America ., Austin , Texas — University of Texas, Austin Ann Arbor , Michigan — University of Michigan, Ann Arbor Orlando , Florida — University of Central, Ann Arbor Orlando , Florida — University of Central Florida Tampa , Florida — University of Tampa, Ann Arbor Orlando , Florida — University of Central Florida Tampa , Florida — University of Tampa Raleigh , North Carolina —, Carolina State University Scottsdale, Scottsdale Community College, Virginia — University of Virginia, Virginia — University of Virginia Tempe , Arizona — Arizona State University, Tempe, Tempe Gainesville , Florida — University of Florida, Tempe Gainesville , Florida — University of Florida Atlanta — Georgia Institute of Technology Locations: Texas, U.S, Austin, America, Austin , Texas, Austin Ann Arbor , Michigan, Ann Arbor Orlando , Florida, Ann Arbor Orlando , Florida — University of Central Florida Tampa , Florida, Ann Arbor Orlando , Florida — University of Central Florida Tampa , Florida — University of Tampa Raleigh , North Carolina, Carolina State University Scottsdale , Arizona, Scottsdale Community College Charlottesville, Virginia, Virginia — University of Virginia Tempe , Arizona, Tempe Gainesville , Florida, Tempe Gainesville , Florida — University of Florida Atlanta, New York, Los Angeles
Elon Musk wins big by betting on Trump
  + stars: | 2024-11-06 | by ( Ana Altchek | ) www.businessinsider.com   time to read: +6 min
Elon Musk used his money, power, and influence to help reelect former President Donald Trump. Musk has spent months strengthening his ties to Trump, using his platform on X to advocate for him and investing over $130 million in pro-Trump efforts. Some suggested Musk's actions might be a risk-hedging strategy to secure Trump's backing if he wins. AdvertisementWhat a Trump win means for Musk's business empireAside from direct influence within the government, a Trump presidency could lead to a lot of wins for Musk's business empire, which includes Tesla, SpaceX, The Boring Company, Neuralink, and X. Coglianese said Musk was also "banking on a president who will want to or be willing to repay Musk for his loyalty."
Persons: Elon Musk, Donald Trump, Trump, Musk, , Elon, Cary Coglianese, Erik Gordon, Gordon, Francesco Trebbi, Karoline Leavitt, Coglianese, it's, Carl Icahn, Icahn, Joan MacLeod Heminway, Heminway Organizations: Service, Trump, Business, Penn, University of Pennsylvania, University of Michigan's Ross School of Business, Department of Government, Securities and Exchange Commission, Twitter, SpaceX, The Boring Company, Tesla, University of California, Department of Defense, Environmental Protection Agency, University of Tennessee Locations: Pittsburgh, Pennsylvania, Texas, California, University of California Berkeley
Musk could gain influence at the federal level if Trump is elected president. It's unclear what a Harris administration would mean for Musk and his business empire. Musk under HarrisWhile Musk could gain power, government contracts, and looser regulations under Trump, it's unclear how he might be impacted under a Harris administration. For X, which Musk has branded as the platform for freedom of speech, Gordon said a Harris administration could pressure it to ban material labeled as "misinformation." AdvertisementIt's also possible nothing would meaningfully change for Musk under a Harris administration.
Persons: Elon Musk, Donald Trump, Musk, Trump, Harris, , He's, Francesco Trebbi, Erik Gordon, Gordon, Tesla, eyeing Musk's, Trebbi, X, Tevi Troy, Troy, Joan MacLeod Heminway, Cary Coglianese, Tom Narayan, Karoline Leavitt, Leavitt, he's, Coglianese, it's, Carl Icahn, Tim Cook, Heminway, Elon Organizations: Service, Elon, Republican Party, Trump, Trump Many, University of California Berkeley, Musk, University of Michigan's Ross School of Business, Traffic Safety Administration, SpaceX, Department of Defense, Bank of America, Center, White House, University of Tennessee, University of Pennsylvania, Penn, RBC Capital Markets, Democratic, Green New Deal, Twitter, Apple Locations: Pennsylvania, Pittsburgh, Texas, California, Mexico
Conversations around Vice President Kamala Harris, by contrast, continued to focus largely around broader and more conventional stories about her campaign. The poll, conducted by SSRS and Verasight on behalf of a research team from CNN, Georgetown University and the University of Michigan, was fielded from October 25-28. Georgetown University, University of Michigan and s3mc.org“Numerous former officers in the 2016-2020 Trump administration are sounding alarms that Trump will dismantle democracy if he’s elected,” wrote one Democratic-leaning independent. Georgetown University, University of Michigan and s3mc.orgWhen the survey asked respondents what they’d been hearing about Harris, the words “campaign,” “rally,” “interview,” “polls” and “ad” all cracked the top 10. Overall, the sentiment behind the words Americans used in describing what they’d heard about both Trump and Harris remained more negative than positive, with the sentiment around Harris continuing to dip from the earliest days of her campaign.
Persons: Donald Trump, Kamala Harris, SSRS, Trump’s, Trump, , , Arnold, , Joe Rogan, “ Trump, , Hitler, , they’d, Harris, Jennifer Agiesta, Edward Wu Organizations: CNN, Georgetown University, University of Michigan, Madison, Fame, , Trump, Beyoncé Locations: Puerto Rico, Houston
A flurry of remarkably good economic news over the past week could create a daunting mandate for whoever is elected the next U.S. president: Don't mess it up. The whole damn world," President Joe Biden said Tuesday during an event announcing new infrastructure grants at the Port of Baltimore. Vice President Kamala Harris and former President Donald Trump are both pitching themselves as the best steward of the future health of the U.S. economy. Trump has pledged universal tariffs on all imports from all countries, a sweeping immigrant deportation program, deepening corporate tax cuts and more. Economists and even some of Trump's own allies note that his proposed universal tariffs, mass deportations and tax cuts could, at least temporarily, send major shockwaves through the economy, triggering potential market crashes.
Persons: Donald Trump, Kamala Harris, Joe Biden, Harris, Trump, Trump's, Justin Wolfers, Barack Obama, Biden, Wolfers, you've Organizations: Macomb Community College, Democratic, U.S, Port, Trump, University of Michigan, Republican Locations: Warren , Michigan, U.S, Atlanta , Georgia, Port of Baltimore, America
CNN —In the closely watched battleground state of Michigan, election officials are under the microscope, with isolated mistakes or missteps serving as fodder for election deniers to lay the groundwork for widespread doubt of election results. Some of the confusion appears to have originated from a post on X by Matthew DePerno, one of the more high-profile election deniers in Michigan. DePerno has pleaded not guilty in the voting machines case. When it does happen, we take it extremely seriously,” Michigan Secretary of State Jocelyn Benson and Washtenaw County Prosecutor Eli Savit said in a statement. Despite the recent challenges, election officials in Michigan say they are confident that they are prepared to withstand efforts to undermine confidence in the results.
Persons: Lawrence Kestenbaum, , Matthew DePerno, DePerno, Donald Trump, Lara Trump, Jocelyn Benson, , Ben Decker, Eli Savit, can’t, Kestenbaum, David Becker, Benson, Elon Musk, Dominion “, Joe Biden’s, ” he’s, ” Kestenbaum, Kylie Atwood Organizations: CNN, GOP, Republican National Committee, Democrat, Trump, Pundit, University of Michigan, Authorities, Department, Election Innovation, Research, Investigations, Michigan, Tech, Benson, The Michigan Department of State, of, “ Dominion, Dominion Locations: Michigan, Washtenaw County, Ann Arbor, of Michigan, Barry County , Michigan
A zero percent inflation target might be popular, but it would represent a sharp departure – one that mainstream economists warn would backfire. “Stable inflation is an oxymoron because it means it’s not stable,” Shelton told CNN in a recent interview. In fact, one reason the Fed set its inflation target at 2% is because it’s safely away from that deflation-danger zone. A zero inflation target would mean a path right on the edge. But even some of Shelton’s biggest fans are opposed to her embrace of a zero-inflation target.
Persons: Judy Shelton, Donald Trump, It’s, ” Shelton, Shelton, Trump, , Mark Zandi, Zandi, Justin Wolfers, Kamala Harris, it’s, Wolfers, Bill English, , ” Trump, Stephen Moore, Jerome Powell, Moore, Powell, Kevin Hassett, Reagan, Arthur Laffer, ” Moore, CNN’s KFile, CNN he’s, he’d, Elon, , haven’t, James Grant Organizations: New, New York CNN, Federal Reserve, Fed, CNN, Federal Reserve Board, Moody’s, University of Michigan, Yale University, Heritage Foundation, Trump White House, Trump Locations: New York
CNN —Michigan prosecutors charged a Chinese citizen with voter fraud and perjury after he allegedly cast a ballot in the 2024 election, authorities announced Wednesday. Authorities said the man isn’t a US citizen, and therefore can’t vote in federal elections. Experts say illegal voting by non-citizens is extremely rare, and when it does happen, it is usually caught quickly. Authorities did not identify the Chinese student accused of voting in the election. Washtenaw County Clerk Lawrence Kestenbaum told CNN ballots can’t be retrieved once they have gone through the tabulator.
Persons: Donald Trump, Jocelyn Benson, Eli Savit, Dana Nessel, can’t, Lawrence Kestenbaum, Kestenbaum, , ” Kestenbaum, , David Becker, Ciara Torres, ” Torres, Spelliscy, Michigan “ Organizations: CNN, University of Michigan, Authorities, Republican, Experts, , , Michigan, Department, Election Innovation, Research, Michigan GOP, Stetson University Locations: Michigan, Ann Arbor, Washtenaw County, China, American
I'll never forget Cypress Point Club in Pebble Beach, CaliforniaCypress Point Club is right on the water. Forest Dunes Golf Club in northern Michigan is one of the Mitten State's best-kept secretsForest Dunes Golf Club has trees, water, and greenery. Evan SchillerTo create Forest Dunes Golf Club, golf pro Tom Weiskopf routed 18 holes through aromatic, pine-studded sand dunes in the middle of Michigan farm country. Chris Coduto/Getty ImagesScottsdale, Arizona, is home to over 200 golf courses and is a choice winter getaway for snowbirds from all over. AdvertisementOmni Golf's Grove Park Inn is still popular after 100 yearsThe Omni Grove Park Inn has been around for quite some time.
Persons: , it's, I've, David Madison, Alister MacKenzie, Robert Trent Jones, Evan Schiller, Tom Weiskopf, Tom Doak, David McLay Kidd, Gamble, Kidd, Chris Coduto, Jack Nicklaus, Donald Ross, Barack Obama, Scott Fitzgerald, Tom Weiskopf's Cabo Organizations: Point, Spyglass, Omni, Service, California Cypress Point, Getty, University of Michigan, Getty Images, North, Cabo del Sol Locations: California, Cabo, Sol, Pebble Beach, California Cypress, Cypress, Pebble Beach , California, Spyglass, Cypress Point, Carmel, Michigan, Roscommon , Michigan, Bandon, Oregon, Brewster , Washington, Columbia, Scottsdale, Arizona, Getty Images Scottsdale , Arizona, Omni Grove, Grove, Carolinas, North Carolina, Pinehurst, Asheville, Mexico, Tom Weiskopf's Cabo del Sol, Cabos, Cortez
Times Square will be home to two other chains, MOKAFÉ and Qamaria Yemeni Coffee Co. But Yemeni coffee houses have taken up both those trends and boomed. Where did Yemeni coffee shops come from? We own the coffee farms in Yemen, we grew up with the coffee, we loved coffee,” Alhasbani said. “Several Yemeni entrepreneurs are opening coffee houses of their own, each with its own sort of style and atmosphere.”The coffee chains have big ambitions beyond Dearborn.
Persons: Ahmed, Ahmed Moustafa, Bhavishya, , Sally Howell, Howell, ” Ibrahim Alhasbani, , Ibrahim Alhasbani, Carlos Osorio, ” Alhasbani, Alhasbani, “ There’s, Hovig Tchalian, don’t, ” Howell, Haraz, Yemen it’s, , ” Moustafa Organizations: New, New York CNN, Carmine, Times, Yemeni, Co, University of Michigan – Dearborn, Qahwah, CNN, Entrepreneurship, USC Marshall School of Business, New York City Locations: New York, Detroit, SoHo, Manhattan, Qahwah, Ethiopia, Yemen, Dearborn, Yemen's, Mich, Michigan, Dallas, Dearborn , Michigan, United States, Downtown Dearborn, Canada, Qahwah House’s, Soho, Brooklyn, Queens
Washington CNN —Americans’ attitudes toward the economy improved this month thanks to lower interest rates. Americans’ expectations for inflation rates in the long run also edged lower this month. “This month’s increase was primarily due to modest improvements in buying conditions for durables, in part due to easing interest rates,” Joanne Hsu, director of the university’s Surveys of Consumers, said in a release. The Federal Reserve last month cut interest rates for the first time in more than four years, by a bold half point, in part thanks to inflation coming under control. Lower borrowing costs make it cheaper for American shoppers to buy durable goods such as appliances, cars and furniture, which are usually bought on credit.
Persons: ” Joanne Hsu, haven’t, ” Robert Frick, Donald Trump Organizations: Washington CNN, University of Michigan’s, Consumers, Federal Reserve, Navy Federal Credit Union, University of Michigan
Taxes, tariffs, debt: Debating America's economic future
  + stars: | 2024-10-25 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailTaxes, tariffs, debt: Debating America's economic futureJay Clayton, Apollo independent chair and former SEC chairman, and Justin Wolfers, University of Michigan Ford School public policy and economics professor, join 'Squawk Box' to discuss the state of the economy, the tax system in the U.S., and more.
Persons: Jay Clayton, Apollo, Justin Wolfers Organizations: SEC, University of Michigan Ford School Locations: U.S
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