Morgan Stanley’s Mike Wilson was a lonely voice on Wall Street calling a “rolling recession” when others saw a boom. Now he sees a “rolling recovery.”

This isn’t your parents’ economy. Over the last 35 years, the American workplace — and workforce — have undergone an amazing shift. In 1990 (not that long ago – ask anyone over 50), manufacturing was the largest employment sector in 35 states.

Microsoft, Alphabet, Meta, and Amazon are investing tens of billions in data centers. AI infrastructure is now a key driver of US economic growth.

Investors will seek clues about the health of the U.S. economy in the coming week following worrisome labor market reports and technology-led turbulence that has knocked the stock market off record highs.

Wednesday on surprisingly strong job growth and service sector data, which suggests the economy is in decent shape and calls into question how much lower the Federal Reserve needs to cut interest rates.

For those on the upper arm, things are going well. The top 10% of U.S. households now account for nearly half of all consumer spending, buoyed by record stock market highs. Hourly pay is now rising fastest for the highest earners, reversing a pandemic-era trend that favored the lowest-paid workers, according to the Federal Reserve Bank of Atlanta.

U.S. economists may be barely holding on by their fingernails over the current state of the American economy, but strangely, consumers don’t seem to care. Here’s why.

America’s economy and stock market keep growing, buoyed by robust consumer spending and AI mega-growth. But hiring is at a standstill, inflation is rising, loan defaults are abundant and Americans give this economy a near-record-low rating.

On this week’s Everybody’s Business, the author explains three economic indicators she says might tell us where things are heading.

Tesla CEO Elon Musk revisited Joe Rogan's podcast last Friday, making a seemingly frightening prediction about the purported fate of the American economy, according to a Forbes blogger. According to the article,