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The Latest Breaking News from Joe Brusuelas

Stock Market Boom Is Making America's Wealth Gap Wider, Economist Warns

According to a recent analysis by RSM Chief Economist Joe Brusuelas, rising stock prices are making the rich significantly richer while providing only limited benefits to the broader economy.

International Business Times

Wall Street is keeping a close eye on Kevin Warsh at the Fed. These are the red (and green) flags they're watching for

"Confirmation hearings are political theater rather than substance, and he [was] plenty smart enough to avoid saying anything tangible."

Fortune

Tax refunds and AI boom have offset some US economic pain from Iran war and high gas prices, so far

Americans are paying for the war in Iran with every visit to the gas station, but some of the damage to the U.S. economy is being offset — for now anyway — by big tax refunds and an investment boom driven by artificial intelligence

The Independent UK

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Large-scale oil shipping won't start again quickly after Iran ceasefire

Untangling the largest disruption in oil market history won't happen quickly or easily.

Axios

Trump's limited gas-price options on Iran

Nothing will approach normal until large-scale tanker traffic through the Strait of Hormuz resumes.

Axios

US workplaces unexpectedly cut 92,000 jobs as unemployment rate climbs to 4.4%

The outlook for the job market – and the entire economy – is clouded by the war with Iran

The Independent UK

US employers likely added 60,000 jobs last month, subdued but a marked improvement over 2025 hiring

The American job market is looking brighter this year than it did in a gloomy 2025

The Independent UK

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Oil markets are bracing for $100 barrels and a redux of a 1970s-era crisis but 'three times the scale,' analyst warns

U.S. gas prices rose 40% as a result of the 1973 oil shock, and prices at the pump are threatening to increase again as a result of the U.S. and Israeli strike on Iran.

Fortune

The year the U.S. economy bent but didn't break

Beneath buoyant growth in GDP and asset prices are serious worries: a soft job market and elevated inflation among them.

Axios

''A deadly confluence of wrong way news' is what's causing the global market selloff, says top economist, and don't expect it to get better anytime soon

Hopes for an interest rate cut from the Fed are fading despite a global slowdown and a spike in the VIX.

Fortune

600 Paramount Skydance employees quit instead of returning to the office, and it cost the company $185 million, filings show

CEO David Ellison offered workers an ultimatum in September: Come back to work or find a new job.

Fortune

Welcome to the era of 'low-hire, more-fire,' warns top economist—the days of talent hoarding are over

"As the focus among businesses now turns to efficiencies and increasing productivity, we expect layoffs to increase, causing unemployment to rise."

Fortune

The Fed doesn't actually have a 'dual' mandate—there's a third part it rarely mentions, and economists want it to stay that way

Some experts told Fortune that they had forgotten entirely about the long-term interest rate rule.

Fortune

Fed meeting hints at new future of the central bank

The dissent at the Federal Reserve this week shows its future does not look like its past.

Axios

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The Independent UK

FTSE set for another dismal day after Asian stocks rout sees Hang Seng suffer biggest fall since 2008

The first wave of retaliatory tariffs means global markets remain in turmoil

The Independent UK

Trump’s inheriting a solid economy, making it harder to lower borrowing costs or inflation

President Donald Trump has pledged cheaper prices and lower interest rates, but an economy transformed by the pandemic will make those promises difficult to keep

The Independent UK

Threat of US credit downgrade looms over debt ceiling talks

With one of three major rating agencies warning that America’s AAA credit is at risk, the stakes are growing in the standoff in Washington over raising the nation’s debt limit

Axios

It’s not the COVID economy — it’s just the economy now

The pandemic shocks have reshaped the very fabric of the economy.

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The Independent UK

Drop in US GDP challenges Biden's pitch to voters

The latest report on gross domestic product is complicating President Joe Biden’s pitch that the U.S. economy is strong

People

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the Federal Open Market Committee

28 stories

the Bank of America Institute

18 stories

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Artificial Intelligence

Confirmation hearings

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