Stacey Vanek Smith

Stacey Vanek Smith appears in the following:

A look at some of the consequences if the U.S. defaults on its debt

Monday, May 22, 2023

As the U.S. faces the prospect of defaulting on its debts, a key question looms: How bad would things actually get if that were to happen?


The U.S. has more banks than anywhere on Earth. That shapes the economy in many ways

Thursday, May 04, 2023

The U.S. has more than 4,500 banks — more banks than any other country. That huge number of lenders has shaped the economy in countless ways, but it also can pose risks.


Why does the U.S. have so many small banks? And what does that mean for our economy?

Sunday, April 30, 2023

The U.S. has more than 4,000 banks — more banks than any other country. The huge number of banks has shaped the economy in countless ways, but it also poses risk.


France's new retirement age goes against a quintessential French notion

Saturday, April 29, 2023

Protests in France continue after the retirement age was raised, which threatens a quintessential French concept: That retirement is a time to enjoy life after years of contributing to the economy.


Behold the tax free bagel: A New York classic gets a tax day makeover

Wednesday, April 19, 2023

The so-called sandwich tax is a charge on prepared foods in some states, like California, New York, and Massachusetts. But one iconic New York dish found a loophole


A tax loophole for bagels: An NYC company added another, inner bagel hole

Tuesday, April 18, 2023

To sidestep the sandwich tax in New York, a bagel company teamed up with Philadelphia cream cheese to make a bagel injected with cream cheese — since it only counts as a sandwich if it's sliced open.


What is the cause of bank runs?

Wednesday, April 12, 2023

The IMF predicts slow growth for many countries. In the U.S., one factor holding back the economy is volatility in the banking sector — the bank runs we saw last month. But what causes bank runs?


'You forget to eat': How Ozempic went from diabetes medicine to blockbuster diet drug

Saturday, April 01, 2023

The Novo Nordisk diabetes medication was found to cause significant weight loss in users and has since become a blockbuster drug and very big business.


Ozempic's weight loss side effect can make it harder to find for people with diabetes

Wednesday, March 29, 2023

The prescription drug Ozempic helps people with diabetes control their blood sugar. But its wild popularity is due to a side effect: rapid weight loss. That's made it hard to find in some areas.


UBS rescues Credit Suisse in deal brokered by Swiss government

Sunday, March 19, 2023

Swiss bank Credit Suisse was purchased by a rival Swiss bank UBS today for roughly $3 billion in an emergency deal that likely saved Credit Suisse from going bust.


UBS to buy troubled Credit Suisse in deal brokered by Swiss government

Sunday, March 19, 2023

UBS will buy rival Credit Suisse for more than $3 billion in a deal brokered by Swiss officials to try and prevent a banking crisis.


Bank fail: How rising interest rates paved the way for Silicon Valley Bank's collapse

Sunday, March 19, 2023

Silicon Valley Bank invested billions of dollars in super safe U.S. government bonds. But that choice exposed to the bank to a whole other set of risks.


It's Equal Pay Day. The gender pay gap has hardly budged in 20 years. What gives?

Tuesday, March 14, 2023

Women have to work nearly 15 months to earn what a man earns in 12. And that's been true for decades.


Credit Card Nation: How we went from record savings to record debt in just two years

Wednesday, March 08, 2023

U.S. consumers had the highest savings rate on record in 2020 and credit card debt was plummeting. Now our savings is gone and debt is surging. What happened?


Many Americans have exhausted their savings as credit card debt hits a record high

Tuesday, March 07, 2023

Credit card debt is at a record high, climbing nearly 19% in the fourth quarter of 2022. Many Americans have exhausted their savings and are now deep in the hole trying to cover the cost of living.


Let them eat... turnips? Tomato shortage in UK has politicians looking for answers

Wednesday, March 01, 2023

Frost, floods, energy prices and Brexit are among the possible culprits in the shortage of tomatoes, cucumbers, broccoli and lettuce in the U.K.


British store shelves lack tomatoes and other popular fruits and vegetables

Tuesday, February 28, 2023

Many British supermarkets are limiting sales of some fruits and vegetables as the U.K. is facing a shortage — attributed to a combination of weather, energy prices and trade politics.


Is it better to have more meetings at work or none at all?

Sunday, February 19, 2023

Deleting meetings has become a thing, post-pandemic. But does wiping calendars clean make sense for everybody? Is there such a thing as a good meeting?


Are we heading toward a recession? Here's why economists are divided

Saturday, February 18, 2023

Experts can't agree. Is the U.S. heading toward a recession or not? Some say yes, but others predict a "soft landing." We look at why economists disagree.


Is the economy headed for recession or a soft landing?

Friday, February 17, 2023

Are we in a recession? It seems like a straightforward question, but the data tells conflicting stories.