The Wall Street Journal

US economy could withstand one shock, but four at once?

US economy could withstand one shock, but four at once?
Federal student loan payments restart on Oct 1, which could divert as much as $100 billion from Americans’ pockets. (Image: Getty)
The Wall Street Journal
By David HarrisonThe US economy has sailed through some rough currents this year but now faces a convergence of hazards that threaten to create more turbulence.Among the possible challenges this fall: a broader auto workers strike, a lengthy government shutdown, the resumption of student loan payments and rising oil prices.Each on its own wouldn’t do too much harm. Together, they could be more damaging, particularly when the economy is already cooling due to high interest rates.“It’s that quadrupl...

More World

Australia bracing for big wave of retirees
Policy

Australia bracing for big wave of retirees

Around 2.5 million people forecast to start drawing on super in next decade.

Bloomberg 23 Nov 2024
Nvidia is on top but does it have anywhere to go but down?
Technology

Nvidia is on top but does it have anywhere to go but down?

Sky-high expectations and China threat complicate growth potential. 

December interest rate cut uncertain: Fed governor
Finance

December interest rate cut uncertain: Fed governor

Lisa Cook says the timing of further reductions will depend on new data.

Cash-starved Russian ally detains Australian miner's staff in tax raid
World

Cash-starved Russian ally detains Australian miner's staff in tax raid

Mali’s military junta has netted almost a quarter-billion dollars in recent weeks.