The stock market’s early rally fizzled by the afternoon, with the S&P 500 swinging from a nearly 2% gain to a slight selloff by midday. Nvidia, which initially jumped after reporting strong earnings, reversed 1% into the red along with the rest of the megacap AI trade. The broader market mood wasn’t helped by mixed…
A growing share of lower-income Americans are struggling to get by financially as their wages fail to keep up with inflation, according to a recent analysis. Roughly 29% of lower-income households are living paycheck to paycheck, up slightly from 2024 and from 27.1% in 2023, data from the Bank of America Institute shows. The financial…
To understand how Americans are faring economically these days, it’s helpful to consider the eleventh letter of the alphabet. Experts describe the current U.S. economy as “K-shaped,” a reference to the divergent fortunes of wealthier consumers compared with people lower down the ladder. The upward-slanting stroke of the “K” represents the ongoing trend of strong…
Girlbosses of old wanted to take the financial crown from men. But here, too, they faced a rigged system — and instead of charging after the broader structural imbalances keeping one gender poorer than the other, they championed the climbing of corporate ladders by individual women. Sánchez certainly makes no claims to challenge systemic inequality….
Americans say transportation costs are getting harder to afford – CBS News Watch CBS News America’s affordability crisis is getting worse. Average Americans are struggling to afford rent, groceries and transportation. Elise Preston reports on the economic struggle many face to even leave their home. Be the first to know Get browser notifications for breaking…