Economy

Baby Boomer spending is saving U.S. economy

(CNN) — When it comes to living large, baby boomers are at the top of the list. meanwhile, younger Americans are struggling just to keep up. Internal data from Bank of America shows a “significant gap” in spending has opened recently between older and younger generations. while baby boomers and the generation before them are spending their money on traveling…

US jobless claims rise but remain at historically low levels

U.S. applications for jobless benefits rose to their highest level in more than a year, but remain at relatively low levels despite efforts by the Federal Reserve to cool the economy and job market in its battle against inflation

U.S. applications for jobless benefits rose to their highest level in more than a year, but remain at relatively low levels despite efforts by the Federal Reserve to cool the economy and job market in its battle against inflation