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Top 10% of Americans add $5 trillion to wealth in the second quarter
CNBC Television· 2025-10-02 20:00
Well, the ultra wealthy just got ultra wealthier. I'm CNBC's Robert Frank. The top 10% of Americans added over $5 trillion to their wealth in the second quarter.That was driven mainly by the stock market. All wealth groups saw gains in the quarter with the bottom half of Americans adding about $150 billion to their wealth. But the fastest growth is at the very top.The top.1%, those are folks worth $46 million or more. They have seen their wealth nearly double since 2020 to over $23 trillion. Stocks were the ...
X @The Economist
The Economist· 2025-10-02 19:10
America’s federal government has shut down—once again. At a time when the outlook for the economy overall is murky, leaving policymakers to grope in the dark is hardly ideal https://t.co/V8vRloNuGR ...
X @Dash
Dash· 2025-10-02 14:19
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Govt. shutdown to last at least three days after Senate finishes voting
CNBC Television· 2025-10-01 19:58
Government Shutdown Impact - A vote on the stop-gap measure was expected today but will now likely occur on Friday due to the Jewish holiday [1][2] - The delay means job numbers will not be available on Friday morning [2] - September job numbers are set and will be released once the government reopens [3] - A prolonged shutdown will impact the collection of data on jobs, CPI (Consumer Price Index), and PPI (Producer Price Index) [3] - Inaccurate data due to the shutdown will affect the Fed, economists, and those analyzing the economy [3]
How does fashion reflect the economy? | Evie Homan | TEDxFrancisHollandSchoolSloaneSquare
TEDx Talks· 2025-10-01 15:17
Economic Indicators in Fashion - The hemline index suggests skirt hemlines rise during economic booms and fall during downturns [3] - The lipstick effect demonstrates increased sales of affordable luxuries during tough economic times [4] Historical Fashion Trends and Economic Context - The 1920s saw rising hemlines and loose dresses reflecting post-World War I freedoms [6][7] - The Great Depression led to simpler, more functional clothing made from cheaper materials [8][9] - World War II rationing resulted in shorter hemlines and women wearing trousers [10] - The post-World War II boom brought back high-end fashion with full skirts and fitted bodices [11][12] - The 1960s economic flourishing led to casual styles like miniskirts and trousers [13] - The 1970s oil crisis recession resulted in more structured styles and durable fabrics like denim [14] - The 1980s saw power suits reflecting women entering the workplace [16] - The 2008 financial crisis brought a shift towards quiet luxury and practical office wear [18][19]
X @The Economist
The Economist· 2025-10-01 01:00
China’s officials have tried to engineer a rally in the moribund stockmarket. They hoped a revival would boost the economy, too—but it has refused to take the hint https://t.co/YpRByqg6yrPhoto: Getty Images https://t.co/oeQiT7NqqY ...
X @The Economist
The Economist· 2025-09-30 21:40
At a time when the outlook for the economy is murky and interest-rate decisions have been unusually contentious, leaving America’s policymakers to grope in the dark is hardly ideal https://t.co/wnMhI8TVNP ...
X @Bloomberg
Bloomberg· 2025-09-30 16:42
Economic Growth - Kenya's economy experienced a slight acceleration in growth during the second quarter [1] - Lower borrowing costs stimulated private-sector credit expansion [1]
Our new Market Sense recap looks at interest rate cuts and what they might mean for the economy.
Fidelity Investments· 2025-09-30 14:43
https://www.fidelity.com/marketsense?ccmedia=YouTube&ccchannel=social_organic&cccampaign=Brokerage&ccdate=202509&cccreative=Market_Sense_Rate_Cuts&ccformat=video ...
X @Bloomberg
Bloomberg· 2025-09-30 08:14
Denmark’s gross domestic product grew less than previously reported in the second quarter as the slowdown of drugmaker Novo is fueling concern about the national economy https://t.co/pQ2WriRx4l ...