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
The coronavirus pandemic has accelerated a major cultural and economic shift in the United States, forcing millions of young adults to return to their parents' homes. The proportion of young people be
A "Now Hiring" sign is displayed on a storefront in the Adams Morgan heighborhood in Washington, D.C., on Oct. 07, 2022 . Anna Moneymaker/Getty Images The U.S. job market closed out 2022 on a high not
After losing her longtime restaurant job at the beginning of the pandemic, Emilia McGrath scrambled to find a backup plan. She traded in her apartment in Boston for her childhood bedroom in Bowdoin, M
Has the American labor market ever been better? Not in my lifetime, and probably not in yours, either. The jobless rate is just 3.8 percent. Employers added a blockbuster 336,000 jobs in September. Wa
Tax cuts for the wealthy have long drawn support from conservative lawmakers and economists who argue that such measures will "trickle down" and eventually boost jobs and incomes for everyone else. Bu
Advertisement Watch 21 December 2023 Business reporter, BBC News Getty Images The Chinese online retailer has had 9 million UK users in December, according to data Christmas shoppers ordering cheap gi
5 hours ago - Economy Matt Phillips, Emily Peck, Felix Salmon Data: FactSet, U.S. Bureau of Economic Analysis; Chart: Axios Visuals America's economic growth vastly outpaced expectations this year. Wh
Lisa Williams is a minimalist. After her husband passed away in 2014, she was content to move into a studio apartment in Las Vegas. But when her rent increased by 25% from 2020 to 2022, she had to dow
Commercial real estate property values will fall another 10% next year, after falling 11% this year, Capital Economics’ deputy chief property economist, Kiran Raichura, wrote in a recently released ou
Inflation has cooled significantly in recent months, yet many people are still paying more for a lot of things. That's because easing inflation doesn't actually mean prices are falling — it just means
31 mins ago - Economy Matt Phillips, author of Axios Markets Data: FactSet: Chart: Axios Visuals Prices in China continued to fall during November, as the People's Republic slips into a deflationary f
You would think, with prices as high as they are, that Americans would have tempered their enthusiasm for shopping of late; that they would have pulled back spending on luxury items; that they would h
President Biden blasted corporate “price gouging” more forcefully this week than ever before, reflecting a renewed administration effort to respond to widespread voter discontent over the economy as n
News The elite are trying to whip everyone back to the office to avoid a commercial real estate crash. Jessica Wildfire Aug 11, 2023 Arquimedes August 11 2023 6:15 AM 4 min read Share Email Back in my
Hear major bank CEO's prediction about a possible recession 00:51 - Source: CNN New York CNN — JPMorgan Chase CEO Jamie Dimon issued a stark warning to Wall Street on Wednesday: Inflation could rise f
1 hour ago - Economy Courtenay Brown, author of Axios Macro President Biden at a "Bidenomics" even in Largo, Maryland in September. Photo: Al Drago/Bloomberg via Getty Images Fresh data released Wedne
As we approach the holiday season, a recent report from LendingClub shines a light on the financial challenges that Americans are grappling with. The findings reveal that 60% of the population is livi
A Metro train car travels along the Red Line in Washington, D.C. Since the COVID-19 pandemic, riders have slowly returned to taking mass transit. Chip Somodevilla/Getty Images WASHINGTON — In the nati
For the last 36 years, Rick and Laura Zinnick had a life in Nevada. But when their son and grandchildren decided to relocate to Oklahoma City, the Zinnicks decided to follow them, putting their four-b
There’s an economic mystery confounding the White House: Most Americans are financially better off than they were before the coronavirus pandemic, but they feel worse about their economic prospects. R
“Are you better off today than you were four years ago?” That question, first posed by Ronald Reagan in a 1980 presidential-campaign debate with Jimmy Carter, has become the quintessential political q
Nov 9 (Reuters) - The number of Americans filing new claims for unemployment benefits edged down last week, signaling that layoffs remain low even as the still-strong job market shows some signs of co
The IRS is introducing new income limits for its seven tax brackets, adjusting the thresholds to account for the impact of inflation. That could provide a break to some taxpayers on their taxes in 202
SOMEWHERE IN FLORIDA — In the mornings, the workers of Bryce Adams’s OnlyFans empire buzz in through a camera-wired security gate, roll up the winding driveway that cost $120,000 to pave and park outs
EconomyEmployers added fewer jobs in October than in previous months. Francis Scialabba November 4, 2023 · less than 3 min read Become smarter in just 5 minutes Morning Brew delivers quick and insight
SummaryCompanies Signals sharp downturn in demandTo review share buyback program for 2024Says industry facing overcapacity and lower prices, demandShares down 17.5% to lowest in three years COPENHAGEN
WASHINGTON — Voters are mad about the economy. All the polls say so . The U.S. economy has seldom been stronger. The numbers say so . Those two statements are hard to square. Common sense says so. Wha
Working an hourly job can make you feel like a grain of sand on a beach. Just a speck. A tiny fleck. A single number in the line to infinity. The days of an hourly job are full of numbers. You have an
You might wonder why civilization seems to be backsliding. You might wonder why the richest governments in the world can't seem to take care of their poor. You might wonder why they talk about plannin
Briefing | Higher for longer The economic consequences could be grim image: Patrick Leger Nov 2nd 2023 | NEW YORK N OT LONG ago, as interest rates in the rich world hovered near zero, economists debat
Image Credits: vectorikart / Getty Images In January, nearly 90,000 tech workers were laid off. By September, that number had dipped to under 5,000, suggesting that perhaps massive layoffs were mercif
Welcome to Startups Weekly. Sign up here to get it in your inbox every Friday. For my column this week, I told the story of how an ex-colleague was impersonated by an AI-powered spambot and almost tri
Home News Sport Business Innovation Culture Travel Earth Video Live Getty Images Fans of Taylor Swift and Beyonce attending the pop stars' concerts have been credited with boosting local economies The
Economics Economics Indicators Central Banks Jobs Trade Tax & Spend Inflation & Prices Economics China Can Reach 5% Growth Rate in 2024, Ex-PBOC Official Says Economics Unlike Markets, Fed Isn’t Too W
A trader works at the New York Stock Exchange on Oct. 11. Bond yields are surging, threatening to raise borrowing costs across the economy. Angela Weiss/AFP via Getty Images There is a sharp sell-off
Mario Tama | Getty Images Inflation was unchanged in September , but price pressures seem poised to continue their broad and gradual easing in coming months, according to economists. In September, the
Keith Hoodlet