The economic damage wrought by climate change is six times worse than previously thought, with global heating set to shrink wealth at a rate consistent with the level of financial losses of a continui
'Didn't know whether to laugh or cry': CNN's Richard Quest calls out Wayfair CEO 01:16 - Source: CNN New York CNN — Wayfair’s CEO has an end-of-year message for employees of the online furniture compa
The rise of GLP-1 drugs is driving consumer-staple stocks lower as patients eat less food. PepsiCo, Coca-Cola, Walmart, and Costco have been slammed on the prospect of less food demand. Walmart's US C
Explore More Ozempic too expensive? These healthy foods mimic effects of pricey weight-loss drugs for pennies Drugs like Ozempic may be better at treating alcoholism than leading meds, new study finds
Jul 9, 2024 - Business Emily Peck Data: Moody's; Note: Data covers vacancy rates in Tier 1 metro areas; Chart: Axios Visuals Office vacancy rates reached a record 20.1% in the second quarter — the hig
The US added just 12,000 jobs in October, the last snapshot of the employment market before election day, in a report heavily affected by the strike at Boeing and two recent hurricanes. The unemployme
Bar chartAmerican employers added 254,000 jobs last month in the penultimate jobs report before the US election, defying fears of a slowdown in the labor market. Job creation unexpectedly accelerated
Ten of the busiest ports in North America are at risk of shutdown next week, as a leading union warns that 45,000 workers stand ready to walk off the job if industry operators fail to make key concess
US employers added 142,000 jobs last month, the labor department announced on Friday, in one of the year’s most closely watched economic news releases. The release comes as the US Federal Reserve prep
Employers added 142,000 jobs in August, continuing a labor market cooling trend that has stoked fears that interest rates have been high for too long. The unemployment rate ticked down to 4.2 percent.
Elysia Berman remembers the moment she realized her shopping was out of control. Last December, she ducked into a store to buy a pair of gloves. And she came out with a $600 coat she didn’t need and c
US job growth in the year through March was likely far less robust than initially estimated, which risks fueling concerns that the Federal Reserve is falling further behind the curve to lower interest
US job growth was probably far less robust in the year through March than previously reported, keeping pressure on the Federal Reserve to cut interest rates next month. The number of workers on payrol
The US job market appears weaker than first thought, according to official figures released on Wednesday. The US created 818,000 fewer jobs than first calculated in the 12 months to the end of March,
The Inflation Reduction Act (IRA), passed exactly two years ago, was pitched as a policy that puts the “middle class first”. But the spending bill’s residential tax credits have so far disproportionat
Although the Federal Reserve on Wednesday left its benchmark interest rate unchanged, as widely expected, Chair Jerome Powell said the "time is drawing near" for the central bank to begin trimming bor
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 toward
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
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' 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
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 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
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. Then, researchers analyzed how much
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
Keith Hoodlet