Ben Winck
Business Insider
Evanston, IL, United States
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Recent articles by Ben:
Gen Z and millennials are terrified about the economy because they've never seen a 'normal' recession before
"I feel like we're always bracing for catastrophe," one millennial told Insider. "We're just kind of gonna throw our hands up and go through it." → Read More
The next recession isn't here yet. Here's when you should really start worrying about the economy.
Recession fears are on the rise, but spending data, unemployment claims, and market expectations signal a downturn is at least several months away. → Read More
Americans hate the economy but that hasn't stopped them from spending big
Consumer sentiment is the bleakest it's been since 2011, but retail sales are at a record high. Inflation isn't stopping Americans' shopping sprees. → Read More
2 wild charts show how Big Oil profits are skyrocketing as prices at the pump rise
Oil companies are raking in the largest quarterly profits in a decade, raising concerns that the sector is using high gas prices to gouge customers. → Read More
The Fed made a 'mistake' and started fighting inflation too late, former chair Ben Bernanke says
Inflation remains "too high" and growth is already expected to slow, the former chair said, adding the scenario meets the criteria for stagflation. → Read More
The next recession will be mini compared to the last 2 — and feel completely different
"The type of recession we're looking at is not like a serious, massive downturn in consumer spending across the board," one economist told Insider. → Read More
Americans haven't hated the economy this much since the sloth-like recovery from the Great Recession
The jobs recovery is nearly finished, spending is at record highs, and wages are booming. But inflation has Americans feeling positively bleak. → Read More
Americans are traveling like it's 2019 — as airline tickets get more and more expensive
Airline fares soared 18.6% in April alone, marking the largest one-month jump since at least 1963 and counting for a quarter of the month's inflation. → Read More
It's finally a better time to buy a used car
Used car and truck prices have fallen for the last three months, ending a streak of historic price hikes and offering buyers the first sign of relief. → Read More
Here's why gas is more expensive than ever even though oil prices are down
Crude oil supply has rebounded, but Americans aren't feeling it at the pump. That's because refiners are charging record prices to turn oil into gas. → Read More
Only a handful of US workers have seen wages outpace inflation since 2021
Leisure and hospitality workers are the only sector to see real wages climb since early 2021. All other workers are stuck with weakened buying power. → Read More
Inflation slowed in April for the first time in 8 months
The Consumer Price Index – a closely watched measure of inflation – rose 8.3% in the year through April, missing the forecast for an 8.1% jump. → Read More
The average gallon of gas in the US climbs to a record high price of $4.37
Crude oil prices have fallen in recent weeks, yet gas is pricier than ever. Blame refiners, which are charging record premiums amid huge demand. → Read More
The US labor market is on pace to fully recover by July
If the US's extraordinary pace of job creation holds, the labor market's recovery will be three times as fast as the rebound from the Great Recession. → Read More
The US economy added 428,000 jobs in April, beating expectations as the Fed tapped the brakes on the recovery
The Friday jobs report showed job growth holding strong last month as inflation stayed at four-decade highs and interest rates climbed. → Read More
The Fed just made its first double-size rate hike in 22 years, and it's very likely more will follow, Powell says
"There is a broad sense on the committee that additional 50 basis point increases should be on the table at the next couple of meetings," Powell said. → Read More
Biden says Rick Scott's controversial tax plan is 'extreme, as most MAGA things are'
"If they hadn't put this in print, you'd think I was making it up," the president said in a speech on Wednesday. → Read More
The US private sector added 247,000 jobs in April, dramatically slowing hiring amid surging inflation
The increase in private-sector payrolls is the smallest since August and came in well below the median forecast of 395,000 new payrolls. → Read More
Ending globalization is 'impossible' and would create 'astronomical' inflation, former Trump economic advisor says
The US should move some industries back to its home turf, but shifting away from globalization would spark new inflation problems, Gary Cohn said. → Read More
Job openings hit a record high March as businesses still struggle to find workers
The US had 11.5 million job openings at the end of March, up from the February total of 11.3 million total and exceeding the 11-million forecast. → Read More