Economists say policy is suppressing growth
Between 1979 and 2024, productivity in the U.S. soared by 80.9%, while hourly pay grew by just 29.4%, according to research by the Economic Policy Institute. This trend has often …
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Why analysts are calling Cava the next Chipotle
Fast-casual Mediterranean chain Cava has had an impressive year since going public in June 2023. It posted a profit in its first quarterly report, repeatedly beat Wall Street’s earnings estimates …
Why U.S. auto factories are so unproductive
Automotive factories throughout the United States and around the world are not producing nearly as many cars as they need to in order to be profitable. A mixture of factors …
Why more men are dropping out of the workforce
Men have been steadily dropping out of the workforce, especially men ages 25 to 54, who are considered to be in their prime working years. According to the U.S. Bureau …
How Federal Reserve interest rate cuts affect the global economy
The Federal Reserve’s interest rate decisions can influence the trajectory of the U.S. economy. “The U.S. economy’s stature is one of the key drivers of the importance of the Fed,” …
Here’s why Americans are going back to Chili’s
Chili’s efforts to win back American consumers are working. Same-store sales, a key metric for the restaurant industry, jumped 14.8% in its fiscal fourth quarter, a significant increase as many …
What VW’s $5 billion Rivian deal means for both companies, industry
A Volkswagen ID.4 electric vehicle (EV) at a Rivian charging station in San Francisco, California, US, on Tuesday, June 25, 2024. David Paul Morris | Bloomberg | Getty Images Electric …
How fracking helped the U.S. break the all-time oil production record
The U.S. produced more oil in 2023 than has ever been produced in any year by any country, according to the U.S. Energy Information Administration. Big Oil has become more …
Why 90% of the U.S. avocado supply comes from Mexico
Avocados have become nearly ubiquitous in American society, served at fast-food outlets and fine dining alike as demand grows. The U.S. Department of Agriculture reports that U.S. avocado consumption has …
Here’s why the economy feels ‘recession-like’ for many Americans
Consumer sentiment in the U.S. dropped to an eight-month low in July, according to the Consumer Sentiment Index from the University of Michigan. While the U.S. technically isn’t in a …