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Is the US headed for a recession? Look at what richer Americans do on Black Friday

The upper middle class powered a spending boom that kept the US out of recession, but there are increasing signs of a slowdown.

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Recession fears? Rich Americans curb spends ahead of Black Friday

In the three months ahead of the all-important holiday shopping season, a group of retailers that cater to the upper middle class - including Apple, Coach and Nordstrom - saw its biggest sales drop in two years, according to an exclusive analysis of Bloomberg Second Measure data.

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Legalizing election gambling is a bad bet for democracy

Imagine this. It’s 2024, two weeks before Election Day. Rich Americans and large corporations have bet billions of dollars on which party will control the…

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