Browsing Category
Economy
Private payrolls rose by 242,000 in February, better than expected, ADP says
A worker prepares a 155mm artillery shell at the Scranton Army Ammunition Plant in Scranton, Pennsylvania, U.S., February 16, 2023.Brendan McDermid | ReutersCompanies added jobs at…
How China’s shifting growth picture could hit global markets
A shopping mall in Qingzhou, Shandong province, broadcasts the opening ceremony of China's National People's Congress on Sunday, March 5, 2023.Future Publishing | Future Publishing…
Fed’s Powell heads to Capitol Hill this week, and he’s going to have his hands full
U.S. Federal Reserve Chairman Jerome Powell testifies during the Senate Banking Committee hearing titled "The Semiannual Monetary Policy Report to the Congress", in Washington,…
Tesla is not the only company reviewing its Europe investment after Biden’s IRA
Elon Musk, Tesla CEO, on a stage at the Tesla Gigafactory in Grünheide, Germany.Picture Alliance | Picture Alliance | Getty ImagesTesla recently announced a strategy shift away…
The racial retirement savings gap remains wide – How these state IRA programs are working toward equity
Maskot | Maskot | Getty ImagesThe income and wealth gaps between people of color and white households is wide, but state-run retirement programs are attempting to help workers find…
Fed can’t tame inflation without ‘significantly’ more hikes that will cause a recession, paper says
The Federal Reserve building is seen before the Federal Reserve board is expected to signal plans to raise interest rates in March as it focuses on fighting inflation in…
Key Fed inflation measure rose 0.6% in January, more than expected
A measure the Federal Reserve watches closely to gauge inflation rose more than expected in January, indicating the central bank has more work to do to bring down prices.The…
OECD says global economic outlook ‘slightly better’ for 2023 but inflation risks linger
People shop near prices displayed in a supermarket on February 13, 2023 in Los Angeles, California. Mario Tama | Getty Images News | Getty ImagesOECD Secretary-General Mathias…
UK economy in ‘a lot better shape’ than bleak figures suggest, fund manager says
People walk outside the Bank of England in the City of London financial district, in London, Britain, January 26, 2023.Henry Nicholls | ReutersLONDON — The U.K. has thus far…
Consumer debt hits record $16.9 trillion as delinquencies also rise
A bank employee counts U.S. dollar notes at a Kasikornbank in Bangkok, Thailand, January 26, 2023. Athit Perawongmetha | ReutersConsumer debt hit a fresh record at the end of 2022…