Biden and his supporters have been bragging about the state of the economy while touting what they call "Bidenomics." His conservative critics are finally admitting what we've tried to say for years:
Federal Reserve Chair Jerome Powell arrives for a meeting of financial regulators in Washington, D.C., on July 28, 2023. Powell warned on Friday the fight against inflation still "has a long way to go
A painting titled "Carting the Dead" by French artist Jean-Pierre Moynet that depicts a cart of bodies that died from the Black Plague in the 1300s. Wikimedia Commons The Black Death created a labor s
Home News Sport Business Innovation Culture Travel Earth Video Live By Peter Hoskins Business reporter STR/AFP China's imports and exports fell sharply in July China's central bank has cut one of its
Home News Sport Business Innovation Culture Travel Earth Video Live By Dharshini David Global trade correspondent, BBC News Getty Images Inflation is still higher in the UK than in many other rich nat
The ranks of retirees are growing much faster today than the number of new workers, ushering in an unprecedented graying of America that will reshape our workforce and economy. For the past 50 years,
Grandfailure Banks and corporate landlords hate remote work. It’s killing their financial empires. For two years, they’ve launched endless propaganda campaigns to motivate and shame employees back int
I n the ballroom of the five star Savoy hotel on the Strand in central London , the super-rich and their advisers were this week advised that they may soon need to watch out for people with “pitchfork
I n March, 19 Republican governors issued a statement warning of “a direct threat to the American economy, individual economic freedom, and our way of life.” The threat in question was not one of the
President Biden meets with House Speaker Kevin McCarthy, R-Calif., in the Oval Office of the White House on Monday. The U.S. can seem like the country that cried debt ceiling, but many say this year,
As the U.S. hurtles closer to a default on its debt as early as next month, the economic consequences could prove devastating, especially for millions who stand to lose their jobs. Even a brief debt c
Work Shift Employees work in San Francisco. Photographer: Michael Short/Bloomberg By May 16, 2023 at 12:47 PM EDT Can’t move, won’t move. That’s increasingly the approach of Americans who are in the m
So by now everyone’s heard of the disaster with Silicon Valley Bank. Essentially , Silicon Valley Bank put a lot of its money in 10-year Treasury bonds, locking it away in a safe bet. When interest ra
Cooling in the economy appears to have “partly reversed” based on recent data on jobs, consumer spending, production and inflation, Federal Reserve Chair Jerome H. Powell told Congress on Tuesday, sug
By March 4, 2023 at 6:00 a.m. EST HAZEL GREEN, Ky. — As he claimed the first spot in a mile-long line for free food in the Appalachian foothills, Danny Blair vividly recalled receiving the letter anno
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(Bloomberg) -- Grappling with slowing sales growth and rising costs, Amazon.com Inc. is squeezing more money from the nearly 2 million small businesses that sell products on its sprawling online marke
When Madison Corr was 18 years old and in her first year of college, she started the process of getting a driver’s license. Corr, who was living in New York at the time, got an adult learner’s permit,
Stephanie Palazzolo wrote on Twitter : it's so disorienting to see the insane number of tech layoffs recently and then to see today that the US added 517K jobs + pushed unemployment down to lowest lev
Nintendo plans to raise its employees' base pay by 10% this year in the wake of inflation. Reuters reported that Nintendo plans to raise salaries even as it reduced its profit expectation for the year
In this article META Facebook's CEO Mark Zuckerberg speaks during the F8 Facebook Developers conference on April 30, 2019 in San Jose, California. Justin Sullivan | Getty Images Facebook parent Meta P
The labor market shattered expectations in January as the economy added 517,000 jobs and the unemployment rate dropped to 3.4 percent, a low not seen since May 1969, according to data released Friday
Without a doubt, Bill Gates is a genius . The Microsoft co-founder dropped out of college at age 19 because he believed a computer should be on every desk and in every home. You only put a lot of mone
It's a great time to be a candlemaker in Germany. "Candle demand is very strong right now," says Stefan Thomann, Technical Director of the European Candle Manufacturers Association. The candle boom be
Today's links This "inflation" is different : New Stiglitz just dropped. Hey look at this : Delights to delectate. This day in history : 2007, 2012, 2017 Colophon : Recent publications, upcoming/recen
Workers on visas, many of them waiting years for green cards, now face having to leave the country unless they get hired within 60 days. Abhi Jain was laid off from his job as a software engineer at M
Knowing that COVID-19 has not gone away, some people are not yet prepared to let their guard down, according to a working paper distributed by the National Bureau of Economic Research. Some 13% of U.S
Summary Companies Meta falls on report of EU concern over targeted ads Energy stocks drop as crude trades at lowest level since Jan Indexes down: Dow 1.03%, S&P 1.44%, Nasdaq 2% Dec 6 (Reuters) - Wall
Who is to blame for inflation? Some say greedy corporations are the culprits. Peter Ruck/BIPs/Getty Images Everyone agrees inflation is happening. What they don't agree on is whodunit. The most recent
The empty assembly line at the Duralex glassware factory in Orléans, France, on Nov. 15. Eleanor Beardsley/NPR ORLÉANS, France — The assembly line at the Duralex glassware factory sits idle, its massi
Shoppers walk the aisles of Walmart for Black Friday deals in Dunwoody, Georgia. Walmart opened at 6am on Black Friday for shoppers. Jessica McGowan/Getty Images Black Friday, the unofficial shopping
This is Work in Progress, a newsletter by Derek Thompson about work, technology, and how to solve some of America’s biggest problems. Sign up here to get it every week . The tech industry seems to be
If the Federal Reserve’s chair, Jerome H. Powell, and his colleagues look at company earnings reports, these themes might catch their eye. Workers unloading packages for delivery in New York last week
China said its economy grew 3.9 percent in the third quarter. But investors unnerved by Xi Jinping’s power grab — and his state-heavy agenda — sent Chinese shares tumbling. A Beijing vegetable market
A 1997 financial catastrophe casts a long shadow in countries that are seeing the value of their money plunge to record lows. A vendor at a street market in Phuket, Thailand. Many businesses in Asia a
T he second world war was a hard time for British publishers. Paper imports collapsed; paper started being made from straw; publishers printed only sure-fire hits. New novels were rejected; a history
Published 21 September 2022 Share page About sharing Image source, Reuters Image caption, Jerome Powell, head of the Federal Reserve, says inflation in the US is too high By Natalie Sherman Business r
After months of gloom, Americans are finally starting to feel better about the economy and more resigned to inflation. Consumer sentiment, which hit rock bottom in June, has begun inching up in recent
Illustration by Guillem Casasus In the summer of 2020, Mike Zaffaroni, the owner of Liberty Landscape Supply in Jacksonville, Fla., needed to start staffing up to fulfill a pair of contracts to plant