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 rates. Goldman Sachs Group Inc. and Wells Fargo & Co. economists expect the government’s…

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 payrolls will likely be revised down by 818,000 for the 12 months through March — or around 68,000 less…

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, a 0.5% decrease, according to the Bureau of Labor Statistics’ quarterly census of employment and…

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 disproportionately benefited wealthy families, new data indicates. That’s a major challenge for the efforts to…

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

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