‘Revolution’: Fed Chair Kevin Warsh says US likely ‘big winner’ in AI race

Thursday, July 2 by ABC News

(NEW YORK) -- Federal Reserve Chair Kevin Warsh on Wednesday voiced optimism about artificial intelligence, describing the technology as a "paradigm shift" that would likely make the United States a "big winner in the medium-term.""We are in the first or second inning of this... Read More.

What to know about the Social Security fix proposed by Sens. Elizabeth Warren and Bernie Moreno

Thursday, July 2 by ABC News

(NEW YORK) -- The Social Security fund will run out of money in as little as six years, a shorter time frame than previously estimated, according to a report released earlier this month by the programs' trustees.News of the funding cliff prompted a pair... Read More.

Hiring worse than expected in June amid elevated inflation

Thursday, July 2 by ABC News

(NEW YORK) -- Hiring slowed markedly in June, falling short of economists' expectations and displaying a wobbly labor market amid elevated inflation set off by the Iran war.The U.S. added 57,000 jobs in June, according to the federal government's monthly jobs report, which marked... Read More.

How Mamdani-aligned House candidates say they plan to fight wealth inequality

Tuesday, June 30 by ABC News

(NEW YORK) -- A trio of progressive Democrats sharply criticized billionaires on their way to victory in House primaries in New York City.The clean sweep for candidates endorsed by far-left New York City Mayor Zohran Mamdani on Tuesday drew attention to economic populism as... Read More.

Global oil prices fall to lowest level since before the Iran War

Wednesday, June 24 by ABC News

(NEW YORK) -- Global oil prices on Wednesday fell to their lowest level since before the outbreak of the Iran war.Brent crude futures, the benchmark index for worldwide trading, dropped to $73.50 a barrel. That figure, which amounted to a nearly 5%... Read More.

Alan Greenspan, longtime chairman of the Federal Reserve, dies at 100

Monday, June 22 by ABC News

(NEW YORK) -- Alan Greenspan, the longtime chairman of the Federal Reserve, has died, his wife confirmed. He was 100 years old."Alan passed away at our home this morning at the age of 100 from complications of Parkinson's Disease," Andrea Mitchell, his wife and... Read More.

Fed set to make interest rate decision as inflation hits 3-year hig

Tuesday, June 16 by ABC News

(WASHINGTON) -- The Federal Reserve is set to announce its latest decision on interest rates on Wednesday as the central bank weathers the highest inflation in three years.The announcement will mark the first possible adjustment of the benchmark interest rate since Trump nominee Kevin... Read More.

Oil prices fall to lowest level since March after US announces Iran deal

Monday, June 15 by ABC News

(NEW YORK) -- Oil prices on Monday fell to their lowest level since March after U.S. officials announced an agreement between the United States and Iran.West Texas Intermediate futures price, the benchmark index for U.S. trading, registered at about $80.40. That figure, which... Read More.

Consumer sentiment improves but stays near all-time low, survey shows

Friday, June 12 by ABC News

(NEW YORK) -- Consumer sentiment improved in June for the first time since the outbreak of the Iran war as gasoline prices eased in recent weeks, but shopper attitudes remained near their worst level on record, University of Michigan survey data on... Read More.

SpaceX IPO could make Elon Musk the first-ever trillionaire

Friday, June 12 by ABC News

(NEW YORK) -- Elon Musk, the wealthiest person alive, could become the first-ever trillionaire when SpaceX goes public on Friday.The company's founder and CEO is set to own roughly four out of every 10 SpaceX shares after the initial public offering (IPO). If SpaceX... Read More.