US Economy - News, Updates and Discussion

[F-22Raptor]

Real gross domestic product (GDP) increased at an annual rate of 1.5 percent in the second quarter of 2026 (April, May, and June), according to the advance estimate released today by the U.S. Bureau of Economic Analysis (BEA). In the first quarter, real GDP increased 2.1 percent.

GDP (Advance Estimate), 2nd Quarter 2026 | U.S. Bureau of Economic Analysis (BEA)

Real gross domestic product (GDP) increased at an annual rate of 1.5 percent in the second quarter of 2026 (April, May, and June), according to the advance estimate released today by the U.S. Bureau of Economic Analysis (BEA). In the first quarter, real GDP increased 2.1 percent.

www.bea.gov

US GDP grew 1.5% in Q2

 

[Watandar]

This is why the intense Red Scare Communist terrorist culture war campaign by Trump for the midterms. The economy is bad and affordability terrible.

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[AZ_HighCountry]

This is why the intense Red Scare Communist terrorist culture war campaign by Trump for the midterms. The economy is bad and affordability terrible.

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Would like to see what sectors these jobs are in. It's very easy to scare the people simply by throwing a number out there.

On the other hand, for FY2026, there have been almost 344K eligible H-1B registrations to date. Of those, there have been a little over 83K hires.

 

[Hamartia Antidote]

https://www.gasbuddy.com/gasprices/massachusetts/norfolk/437

$0.97/liter

 

[Davey Crockett]

More Than Half Of Gen Z Investors Have Moved Money Into Sports Bets​

A growing share of young Americans is folding sports gambling into their long-term financial plans, according to new research from the investment platform Betterment.

In an online survey of 1,000 U.S. retail investors conducted in late March and early April and released this week, 52% of Gen Z investors said they had shifted money originally set aside for stocks or other investments into sports wagers over the past year. Only about one-third of Gen Z participants reported no involvement in sports betting at all, compared with 63% across all age groups in the survey.

26% of Gen Z respondents - those born between 1997 and 2007 - said they view sports betting as a deliberate, ongoing part of their wealth strategy. That figure drops sharply with age: 14% of millennials, 6% of Gen X, and just 1% of baby boomers reported the same outlook.

Of those Gen Z respondents, roughly 11% described betting as an investment strategy aimed at high returns, while 15% treated it as a short-term way to raise cash.

The betting numbers sit inside a broader shift in where young investors get their information. Social media is now Gen Z's most commonly cited source for financial news, rising from 45% in 2024 to 60% this year - nearly three times the 21% who cite a financial advisor.

Betterment Chief Executive Officer Sarah Levy warned that the trend carries risks. "When a prediction market or sportsbook starts to feel like a retirement strategy, we have a problem," she said in a statement.

More Than Half Of Gen Z Investors Have Moved Money Into Sports Bets<!-- --> | ZeroHedge

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