US Economy

Taylor Swift stepped out for dinner with a number of her A-list pals on Monday, at Italian eatery Il Buco Alimentari & Vineria in New York.

United Auto Workers (UAW) continue to picket in Missouri (left) and Ohio (right) as the strike goes into its fourth day. A full week long strike could cost the economy $500 million, Deutsche Bank predicts.

Workers at General Motors, Ford and Stellantis are poised to strike from midnight on Friday if negotiations fall apart.

With less than a month before a September 14 deadline to reach new contracts, concerns about the impact of a walkout by UAW members at one or all of the Detroit Three are growing.

Millions of Americans are set to receive stimulus checks worth up to $1,000 - depending on their home state.

America's banking sector is in a state of flux after ten regional firms had their credit ratings slashed by Moody's.

David Llewellyn-Smith, the chief strategist at MB Super and Nucleus Wealth, is expecting the Australian dollar to sink to levels unseen since it was floated almost four decades ago.

Real gross domestic product increased at an annual rate of 2.4 percent in the quarter that ended June 30, according to an initial estimate released by the BEA on Thursday.

Americans are skimping on everyday items and opting for cheaper brands and budget stores in a troubling sign for the US economy.

The debt plan passed this week expands work requirements to SNAP food stamp recipients to include those aged 50 to 54 - a group that was previously exempted.

More than one million American women start 'the transition' every year, which can cause a host of debilitating symptoms, from hot flashes, a dry vagina to even low self-esteem.

Shares of JPMorgan rose 6 percent in premarket trading on Friday, after the bank said profits jumped 52 percent to $12.62 billion for the three months ended March 31.

After Silicon Valley Bank went insolvent last week people have turned to eBay to sell their now-vintage company merchandise. 

Silicon Valley Bank collapse RECAP: DailyMail.com brought you all the latest from the fall of the Silicon Valley Bank.

Home Depot co-founder Bernie Marcus is urging Americans to pay attention and understand that the country is in 'tough times' following SV Bank collapse.

Home Depot co-founder Bernie Marcus is urging Americans to pay attention and understand that the country is in 'tough times' following SV Bank collapse.

n February, just 31% of Americans believed their personal financial situation would improve in the next year, the lowest figure on records dating back to 2010, according to Fannie Mae's monthly survey.

The US economy is losing out on billions every year as workers resist returning to the office. Over 30 percent of work was done remotely last month, a level that was just 4.7 percent pre-pandemic.

Olive Hill, a hamlet situated on Tygarts Creek in the Appalachian foothills, has two Family Dollar locations and four Dollar General stores in and immediately surrounding the town.

Ethan Mollick, associate professor at Wharton School of the University of Pennsylvania, pointed to the technology's capabilities in a recent post to Twitter.

The recent study from SmartAsset examined the statutory minimum wages in the 79 larges US cities, and adjusted those wages to account for the local cost of living as compared to the national average.

Jerome Powell (pictured) told a global conference 'we should stick to our knitting' as officials battle cost of living crises across the globe.

The Biden administration took a step Tuesday that will lower student loan payments for millions and pause payments altogether for borrowers who make under $30,600 annually.

Apple's valuation dropped below $2trillion for the first time since May. Shares for the company stand $130.20 following a 3.74 percent drop during Tuesday trading.

Gas and electricity costs are unlikely to return to 'normal' until the 2030s, according to analysis from industry experts Cornwall Insight.

After canceling most of its flights for the week after Christmas, Southwest Airlines may return to an almost fully restored schedule on Friday.

DailyMail.com has assembled the list of the most expensive medicines in the US at price tags as high as $3.5million. The medicines treat rare and especially aggressive health conditions.

Egg prices have shot to record highs this year, driven primarily by inflation and the long-lasting bird flu that hampered the US' supply of birds across 50 states this year.

The Senate passed a massive $1.65 trillion omnibus appropriations bill Thursday, after members reached an agreement allowing it to breeze through the chamber just days before Christmas.

Bankman-Fried appeared before a magistrate in Nassau on Tuesday. He was arrested last night at the request of the American authorities and is fighting extradition back to the US.

In a decision released on Wednesday, administrative law judge Christopher McNeil said there was enough evidence to recommend hefty fines against the three former execs of the US bank.

Jamie Dimon continued to sound the alarm about the immediate forecast for the US economy as he warned that inflation may soon wipe out consumer wealth and send the country into a recession.

GOP state financial officers warn of 'cataclysmic' consequences if SEC finalizes rule for businesses to add climate damage risk assessment to financial disclosures.

Twitter exploded with memes as the Chancellor unveiled a barrage of tax hikes and spending cuts that will see everyone pay more in a bid to shore up the government's books

Peter Tiley, owner of The Salutation Inn in Berkeley, Gloucester, said issues like high energy costs meant the outlook for pubs was 'bleak'.

The cuts, announced by ex-chancellor Kwasi Kwarteng at the end of September, mean that no stamp duty would be paid on the first £250,000 of any property purchase - doubling the threshold.

Soaring oil and gas prices in the wake of Russia's invasion of Ukraine have sent household energy bills to record highs.

All electric car drivers will pay £165-a-year in tax from April 2025 as Jeremy Hunt announced an end to tax exemptions for greener vehicles in his Autumn Budget today.

As more Britons seek out discount options and make changes to their budgets due to the cost of living crisis, pre-tax Lidl profits soared to £41.1 million in the year to February 28.

MAILONLINE LIVEBLOG: Recap on MailOnline's live coverage of Chancellor Jeremy Hunt 's emergency Budget to tackle rampant inflation.

What is this fiscal black hole, why is it bad enough to warrant this, and is it true that if you tinker with the numbers a bit in the forecasts it goes away?

Hunt will unveil a bleak £54 billion package of tax rises and spending cuts designed to convince the financial markets Britain's towering debts can be brought under control

Andrew Bailey said Britain's standing has 'taken a knock' after Kwasi Kwarteng's unfunded tax-cutting spree in September prompted chaos in financial markets.

Americans can 'take risk off the table' by keeping their cash for a rainy day, said the Amazon founder as he outlined his top tips for surviving a recession.

Millions of savers face a Budget squeeze tomorrow when Jeremy Hunt (pictured) unveils plans to raise £54billion to balance the Government's books. ISAs and savings products would remain frozen.

Nikhil Rathi, chief executive of the Financial Conduct Authority, told a House of Lords select committee that the threat had not been 'right at the top of the radar'.

Sterling has been rising in the past few days as the greenback weakens on speculation the aggressive pace of interest rate hikes in the US could slow.

The House of Commons backed a Labour call for the pair to lose the cash due to their 'mismanagement of the economy while in office'.

In this Strictly Business video debate, the Daily Mail's Ruth Sunderland and Alex Brummer discuss what the Chancellor should do in his Autumn Statement.

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Money being spent housing Channel migrants, plus refugees from Ukraine and Afghanistan, means that the spending will be 0.55 per cent of GDP this year,

The Chancellor has already signalled that everyone can expect to pay more into the nations coffers as a result of his Autumn Statement as he seeks to fill a gaping hole in the nation's finances.

ANDREW PIERCE: Jeremy Hunt's South West Surrey constituency is being split into two, making both new seats highly marginal for the Tories. He's not best pleased at the prospect.

The drop in the average asking price compared with October is a 1.1 per cent month-on-month fall, according to property website Rightmove.

Economist Adam Smith argued that growth is driven by the ambition, which pretty much all of us share, to improve our own condition and those we love.

Although kite flying is about sounding out the mood music among the public for radical tax changes - there is usually another parallel agenda at play.

We are promised 'a tough road ahead' by the new Chancellor Jeremy Hunt, who has to make 'eye-watering' decisions about 'very difficult choices' in the Autumn Statement.

Allies of Liz Truss accused Kwasi Kwarteng of 'rewriting history' yesterday, after he claimed he warned her she was moving too far and too fast with her radical economic reforms.

In a further sign that the property market is cooling, Redrow said net private reservations fell 19% to £515m in the last four months compared to the same period a year ago.

The Office for National Statistics is expected to say the economy shrank by around 0.5 per cent in the third quarter.

As official figures showed US inflation dropped to 7.7% last month, the FTSE 100 index gained 1.1% while the FTSE 250 jumped 3.9%.

Ahead of next week's Autumn Statement by Chancellor Jeremy Hunt, Ben Wallace acknowledged there was pressure on Whitehall budgets.

The Mail revealed yesterday that Chancellor Jeremy Hunt is considering shock moves to raise the current 45p rate, despite warnings it would break the Tories' 2019 manifesto pledge

Joe Biden on Wednesday was asked whether he believed Elon Musk and his Saudi-backed purchase of Twitter to be a national security threat.

Pollsters had forecast a heavy blow for Joe Biden at the midpoint of his four-year term, believing Republicans would make huge gains in the House and tip the balance in the Senate.

FTX CEO Sam Bankman-Fried will see his fortune crash from $16 billion to $1 billion after his company gets bailed out by cryptocurrency rival Changpeng Zhao, CEO of Binance.

The deal, which was initiated by Liz Truss, would shore up the UK's energy supplies and reduce the risk of blackouts, which the National Grid has warned are possible this winter

Biden decided to lay low and forego public appearances to boost his party on Election Day, instead giving just one radio interview before retiring from the public eye by noon.

Democrats held on to a series of bellweather House races on Tuesday night, delaying a Republican victory party, as several key Senate races remain to close to call.

MARCUS: In rebuke of draconian lockdowns, panicked, power-hungry politicians, who drank most deeply from the cup of COVID madness are holding their collective breath this Election Day.

Control of the U.S. Congress is at stake in Tuesday's midterms, with Republicans favored by polls and betting markets to win control of the House of Representatives and possibly the Senate.

In a series of swipes at the Tories as he delivered a keynote speech today, Sir Ed Davey lashed out at the 'chaos' that 'Conservative clowns' had inflicted on the country.

The huge loss in value reflects the exposure many private sector pension funds have to liability-driven investment strategies.

Late last month, it seemed that this would be the year when the word 'bond' became associated instead with a sensation of mounting alarm.

Andrew Bailey said the Bank of England was forced to intervene after September's mini-budget, which caused the pound to hit an all-time low.

Transport Secretary Mark Harper said his department was 'looking at all' programmes ahead of the November 17 budget, including how HS2 can be delivered 'in a more efficient way', he said.

The £152billion-per-year health service in England is seeking an extra £7billion. . It blames sky-high inflation for reducing the value of the cash it needs to treat patients.

Demand for new homes from first-time buyers has dropped by a third since the former chancellor announced his mini-budget, according to measurements from property company Zoopla.

Rishi Sunak was criticised for slashing the foreign aid budget from 0.7 per cent to 0.5 per cent of national income when he was chancellor and allowing the budget to be spent within the UK.