U.S. economy

New U.S. Millionaires 2024: 562,000 Join the Wealth Surge

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New U.S. Millionaires 2024

The United States saw an astonishing 562,000 new U.S. millionaires in 2024, fueled by a robust stock market rally, according to the Capgemini World Wealth Report. This 7.6% surge in high-net-worth individuals (HNWIs) highlights the U.S. economy’s strength and its ability to create wealth at an unprecedented pace. Stock Market Drives New U.S. Millionaires in 2024 … Read more

U.S. Economy Dips 0.3% in Q1 2025 as Trump Tariffs Shake Business

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U.S. Economy Dips 0.3% in Q1 2025 as Trump Tariffs Shake Business

The U.S. economy contracted by 0.3% in the first quarter of 2025, marking its first decline in three years, according to the Commerce Department’s Bureau of Economic Analysis. The downturn, reported on Wednesday, was driven largely by a record surge in imports as businesses rushed to stockpile goods ahead of President Donald Trump’s aggressive tariff … Read more