CNN

There’s a big problem with what we’re told about America’s economy

A surprising trend has been showing up in Bank of America accounts over the past few months: The gap between America’s wealthy and poor appears to be narrowing. That’s counter to the narrative we’ve ...
The Hill

Bessent says K-shaped economy is ‘over’

“I can say here definitively, the K-shaped economy is over,” Bessent said in an interview with CNBC’s “Squawk Box” earlier this week. The letter “K” has become shorthand for the diverging economic ...
Bloomberg

To Understand the US Economy, Just Board an Airplane

Getting on an airplane has become the perfect metaphor for life in America. On the one hand, flying has become cheaper and more accessible. On the other, it has become more stratified and stressful.
CNN

The US economy unexpectedly lost 23,000 jobs last month

A summer hiring slump dogged the US labor market in July as the economy unexpectedly lost 23,000 jobs, according to new data released Friday by the Bureau of Labor Statistics. The unemployment rate ...