Economy

Spirit Airlines is Dead and a Bus Travel Boom Looks Likely

For most Americans, riding a bus means abandoning expectations of basic dignity – but with an increase in ridership, that could change

'Crypto v community': 4,000 local US lenders join forces to fight ‘stablecoins’ law

Up to 4,000 community banks fear looming legislation to regulate digital cash will deprive rural firms and farmers of $850bn-worth of loans

Debt, AI boom and economic fragilities raise global risks, BIS says

The central bank umbrella group's Annual Economic Report warned of a complex mix of vulnerabilities.

When it comes to taxing the super rich, there’s no need to reinvent the wheel

Any new tax on the rich won’t raise much money unless many of the exceptions and loopholes are dealt with

A 'perfect storm' points to a much smaller U.S. auto market by 2040

The auto industry is selling fewer cars--one forecaster says this is a fundamental change, and it is going to get worse.

'Really good flatmate': what happens when the love is gone but it costs too much to move out?

The cost of living is putting pressure on relationships – and preventing some couples from properly splitting up

The AI trade cooled and oil sank. A closer look at Wall Street's volatile week

Micron finished the week in the red despite a blockbuster earnings report. But falling oil prices was good news for the fight against inflation.

The AI bubble has further to run despite the looming crash

As tech firms make huge profits and investors fear losing out, both are doing their best to hold off the day of reckoning

Why investors may want to prioritize bond markets outside the U.S.

Allspring Global Investments is pushing clients toward countries with central banks that are raising interest rates or have different inflation dynamics.

American couple left New York City and bought a house in Italy for $13,000: 'We found a different way of life'

Cassandra Tresl and Alex Ninman moved in with Tresl's grandfather in the Czech Republic in 2020 and closed on a house in Abruzzo, Italy, in 2022.

I left the U.S. and bought a house in Italy for $13,000

After living in New York City, Cassandra Tresl and her husband bought a home in Italy’s Abruzzo region for about $13,100 in cash and spent another $17,100 renovating it. Today, they live in a small town where life is slower, daily costs are lower and raising a child feels more affordable.

Before there were Trump Accounts, SEED OK gave some newborns $1,000

Some state-sponsored programs paved the way for Trump Accounts, the new tax-deferred investing accounts for children.