The U.S. economy grew at an annual rate of 2.8% in the third quarter, led by strong consumer spending. The news comes days before a presidential election in which the economy has been top of mind for many voters.
Braddock, Pennsylvania lost most of its population over the past almost 100 years, due largely to U.S. Steel's decline. Here's how some locals feel about the company's potential sale to the Japanese.
Mortgage rates are ticking up, even after the Federal Reserve has started cutting interest rates. Here's why, and where rates — and home sales — could go from here.
The award is shared by Daron Acemoglu and Simon Johnson of MIT and James Robinson of the University of Chicago for their research on the institutional roots of national wealth and poverty. They will split the prize money of 11 million Swedish krona or about $1.058 million.
A trio of economists just won a Nobel prize for their insights into how democratic and other inclusive institutions are critical for a nation’s prosperity.
Housing affordability and how best to spur new construction have become election issues. Austin, Texas, has seen a historic building boom that has lowered rents. Is it scalable to other cities?
A new study finds that Americans have adopted generative AI faster than personal computers and the internet. Does this mean we're about to see a long-awaited increase in productivity growth?
Maryland's Montgomery County is building mixed-income apartments in which people who can afford to pay market rate allow other renters to pay less. Cities and states nationwide are taking up the idea.
U.S. ports from Maine to Texas are closed due to a strike by the union representing about 45,000 dockworkers. The International Longshoremen's Association is demanding higher wages and a total ban on the automation of cranes, gates and trucks that are used in the loading or unloading of freight at 36 U.S. ports.