News chronological

Showing 10 items before 1096738

AXIOS (Courtenay Brown) - Americans are spending faster than their income is growing

Data: Bureau of Economic Analysis ; Chart: Axios Visuals Americans are burning through their financial cushion at an accelerating pace, spending faster than their income is growing, as the energy shock from the Iran war slams household budgets. Why it matters: Consumer spending has indeed held up, defying rock-bottom sentiment readings. But there's new evidence that suggests households are increasingly drawing down savings to support their spending, a fragile dynamic for the broader economy. What they're saying: "While prices are rising faster than comfortable, incomes are not, putting consumers in an uncomfortable spot," NerdWallet senior economist Elizabeth Renter wrote. - "Rising prices, sluggish income and economic uncertainty could…

Keywordseconomyeconomicsus-economyconsumer-spendinginflationpcefederal-reservepersonal-incomesavings-rateenergy-shockiran-wargdpreal-incomek-shaped-recoverywealth-gapcost-of-livinggasoline-pricescommerce-departmentbeafitch-ratingsgoldman-sachslisa-cookretail-spendingpurchasing-powereconomic-trends

AXIOS (Josephine Walker) - Cuba's humanitarian crisis worsens as U.S. talks stall

As the Cuban government resists Trump's escalating pressure for regime change, Cubans are facing a worsening humanitarian crisis. Why it matters: Prolonged blackouts due to limited fuel supply are disrupting essential services, making even basic tasks — like cooking — difficult or impossible. State of play: Fuel shortages have gripped the country since the U.S. captured former Venezuelan President Nicolás Maduro in January, stripping Cuba of its key oil provider for the island's nearly 11 million residents. - Residents have struggled to keep refrigerators running, leaving depleted food stockpiles to rot, and about 1 million Cubans lack reliable access to water because delivery trucks don't have enough diesel, according to the…

Keywordstrumpcubahavanahumanitarian-crisisfuel-shortageoilvenezuelamaduroblackoutsenergy-crisiswashingtonlatin-americacaribbeanregime-changesanctionsus-relationsgeopoliticsred-green-axisciamarc-caputo