Ask around or listen to the news, and you might notice a disconnect between what it feels like financially day-to-day and what Wall Street says. From an eagle’s eye view, businesses and consumers alik
Xi tackles slow growth as economy 'hits the brakes' 31 minutes ago Business reporter, BBC News Getty Images President Xi Jinping is presiding over a gathering of some 370 top Chinese Communist Party m
The Great Hesitation: Job changers start staying put? Amidst the strong labor market, job-to-job moves have moderated and the pay raises for moving jobs have dropped. Taylor Bowley David Tinsley June
The labor market started to ease in June, with 206,000 jobs added to the US economy last month, according to new labor data from the Bureau of Labor Statistics (BLS). The number of new jobs is close t
05.38 EDT Financial markets at risk of 'sharp correction', warns Bank of England Newsflash: The Bank of England has warned that financial markets remain at risk of a sharp correction. In its latest fi
Nvidia became the world’s most valuable company on Tuesday, overtaking tech heavyweight Microsoft, as its chips continue to play a central role in a race to dominate the market for artificial intellig
AI frenzy makes Nvidia the world's most valuable company 19 June 2024 Business reporter Getty Images Nvidia boss Jensen Huang has overseen explosive growth Chip-maker Nvidia became the world’s most va
The US economy added 272,000 jobs in May, a sign the labor market continued strong amid high interest rates, the Bureau of Labor Statistics announced on Friday. The number of May jobs was far higher t
A job hunter takes a flyer at a job fair at Brunswick Community College in Bolivia, North Carolina, on April 11. Allison Joyce/Bloomberg/Getty Images CNN — The number of job openings in the US shrank
Welcome to the Friday edition of Over 100,000 subscribers turn to us for business and investment insights. In case you missed it: NVIDIA (NVDA) soared 10% yesterday after reporting its Q1 results. The
Nearly three in five Americans wrongly believe the US is in an economic recession, and the majority blame the Biden administration, according to a Harris poll conducted exclusively for the Guardian. T
Nvidia reported record quarterly revenue Wednesday on the back of the explosion in corporate appetite for artificial intelligence. “The next industrial revolution has begun – companies and countries a
The agency’s analysis took a look at a typical household’s 2019 “consumption bundle”: the goods and services representing a year’s worth of purchases pre-pandemic. Advertisement Then, researchers anal
AMSTERDAM, May 14 (Reuters) - Federal Reserve Chair Jerome Powell on Tuesday gave a bullish assessment of where the U.S. economy stands now, with an outlook for continued above-trend growth and confid
Home Economy & Politics Economic Report Economic Report Last Updated: May 9, 2024 at 9:28 a.m. ET First Published: May 9, 2024 at 8:34 a.m. ET Claims rise 22,000 to 231,000, well above expectations of
In this June 2022 photo, student backpacks hang on the backs of classroom chairs at a school in New York. Michael Loccisano/Getty Images/File Washington CNN — Schools across the country are announcing
Dom's Kitchen, Foxtrot abruptly close 02:11 The retail industry is going through a tough time as it copes with inflation-weary consumers and a rash of bankruptcies, prompting chains to announce the cl
America’s leading stock indices came under pressure on Thursday after official data revealed that US economic growth slowed sharply to its weakest rate in almost two years. But as high interest rates
The U.S. economy slowed dramatically at the outset of 2024, though it continued to grow at a solid pace. The finding, released in a Commerce Department report this week, renewed a question that has li
The US Chamber of Commerce is saying it will sue the Federal Trade Commission (FTC) for officially banning noncompete clauses in employment contracts across Amercia. A noncompete agreement typically b
The Federal Reserve chair, Jerome Powell, cautioned on Tuesday that persistently elevated inflation will probably delay any Fed interest rate cuts until later this year, opening the door to a period o
Artificial intelligence tools can replace much of Wall Street’s entry-level white-collar work, raising tough questions about the future of finance. Credit...Calum Heath By Rob Copeland spoke to execut
In March 2020, at the height of uncertainty at the outset of the pandemic, I wrote about what it took to get to the roaring 1920s. This chart sums it up nicely: Here’s what I wrote at the time: How ma
SLIPCOIN Thursday, March 21, 2024 by Snacks Back in a flash (Umit Turhan Coskun/Getty Images) Whoops… Bitcoin’s up more than 40% this year, but for a brief moment this week things weren’t lookin’ so h
Have you ever watched something change right in front of your eyes? There’s something about noticing the smallest shift and intuitively feeling things are about to change on a bigger scale. For me rec
This is The Takeaway from today's Morning Brief, which you can sign up to receive in your inbox every morning along with: The chart of the day What we're watching What we're reading Economic data rele
watch now VIDEO4:0404:04 Key Fed inflation measure rose 0.4% in January as expected, up 2.8% from a year ago Squawk Box Inflation rose in line with expectations in January, according to an important g
Last year was a big year for the US labor movement with historic wins and gains for workers at UPS, automakers, and for writers and actors in Hollywood. But for thousands of hotel workers, the majorit
A total of 44 of the 50 US states worsen inequality by making the wealthy pay a lesser share of their income in taxes than lower income people, a new analysis has found. State and local tax regimes ar
Jan 10, 2024 - Economy Matt Phillips, author of Axios Markets Data: Federal Reserve; Chart: Axios Visuals About 93% of U.S. households' stock market wealth is held by the top 10%. Why it matters: This
A new report claims “resounding evidence” shows that high corporate profits are a main driver of ongoing inflation, and companies continue to keep prices high even as their inflationary costs drop. Th
Jan 10, 2024 - Economy Matt Phillips, author of Axios Markets Data: Federal Reserve; Chart: Axios Visuals About 93% of U.S. households' stock market wealth is held by the top 10%. Why it matters: This
The limos have been booked. Hotels have loaded up with champagne. Shops have been converted into pop-up offices for the tech giants. The annual Davos talkfest is about to begin. The collective mood of
A McDonald’s customer receives his order at a drive-through in Houston, Texas. Brandon Bell/Getty Images Over the holidays, extremely online progressives debated the most important theoretical questio
Inflation ticked higher in the United States last month as the Federal Reserve weighs the latest stage of its battle against price growth. US adds 216,000 jobs in December as stronger than expected ri
US corporations and their supporters in Washington are pushing aggressively to roll back tax policies they once endorsed, in a move that could return hundreds of billions of dollars to some of America
This began as a quick-and-dirty experiment[1] to visualize the UK National Minimum Wage in real-time, inspired by Blake Fall-Conroy’s Minimum Wage Machine. Then I added the US Federal Minimum Wage, si
Company insolvencies soared last year as businesses struggled with the inflation crisis and the long-term impact of the Covid pandemic, new figures show. A total of 30,199 UK businesses were involved
watch now VIDEO4:4204:42 Private payrolls added 164,000 in December, beating expectations: ADP Squawk Box Hiring in the private sector rose at a faster-than-expected pace in December, closing out a st
In this article Signage is displayed outside the Xerox headquarters in Norwalk, Connecticut. Michael Nagle | Bloomberg | Getty Images Xerox on Wednesday announced it will cut 15% of its workforce as p