Stock markets in Europe, Asia and New York tumbled on Friday as fears of a US economic slump grew and technology shares were hit by underwhelming earnings. Concerns that the US could be sliding towards a recession spurred a global sell-off, which accelerated after a poor employment report on Friday…

The business world was set into a panic today after a new report revealed CEOs have found evidence that their employees have begun doing something called “quiet profiting” off of their own labor. “Do you know where your employees are right now? They could be in the bathroom, or taking a coffee break…

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 alike look pretty good. Earnings have been beating expectations, employees have seen higher wages…

Xi tackles slow growth as economy 'hits the brakes' 15 July 2024 João da SilvaBusiness reporter, BBC News Getty Images President Xi Jinping is presiding over a gathering of some 370 top Chinese Commun

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

02.47 EDT Introduction: Yen at 38-year low against the dollar Good morning, and welcome to our rolling coverage of business, the financial markets and the world economy. Pressure is piling on Japan’s

Nvidia became the world’s most valuable company on Tuesday, dethroning 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 Mitchell LabiakBusiness reporter Getty Images Nvidia boss Jensen Huang has overseen explosive growth Chip-maker Nvidia became the

The US economy added 272,000 jobs in May, a sign the labor market remained strong amid high interest rates, the Bureau of Labor Statistics announced on Friday. The number of May jobs was far higher th

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

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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 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 bankruptcie

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