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

watch now VIDEO4:4204:42 Private payrolls added 164,000 in December, beating expectations: ADP Squawk Box Hiring in the private sector rose at a faster-than-expected pace in December, closing out a st

In this article Signage is displayed outside the Xerox headquarters in Norwalk, Connecticut. Michael Nagle | Bloomberg | Getty Images Xerox on Wednesday announced it will cut 15% of its workforce as p

The coronavirus pandemic has accelerated a major cultural and economic shift in the United States, forcing millions of young adults to return to their parents' homes. The proportion of young people be

A "Now Hiring" sign is displayed on a storefront in the Adams Morgan heighborhood in Washington, D.C., on Oct. 07, 2022 . Anna Moneymaker/Getty Images The U.S. job market closed out 2022 on a high not

After losing her longtime restaurant job at the beginning of the pandemic, Emilia McGrath scrambled to find a backup plan. She traded in her apartment in Boston for her childhood bedroom in Bowdoin, M

Has the American labor market ever been better? Not in my lifetime, and probably not in yours, either. The jobless rate is just 3.8 percent. Employers added a blockbuster 336,000 jobs in September. Wa

Tax cuts for the wealthy have long drawn support from conservative lawmakers and economists who argue that such measures will "trickle down" and eventually boost jobs and incomes for everyone else. Bu

Advertisement Watch 21 December 2023 Business reporter, BBC News Getty Images The Chinese online retailer has had 9 million UK users in December, according to data Christmas shoppers ordering cheap gi

5 hours ago - Economy Matt Phillips, Emily Peck, Felix Salmon Data: FactSet, U.S. Bureau of Economic Analysis; Chart: Axios Visuals America's economic growth vastly outpaced expectations this year. Wh

Lisa Williams is a minimalist. After her husband passed away in 2014, she was content to move into a studio apartment in Las Vegas. But when her rent increased by 25% from 2020 to 2022, she had to dow

Commercial real estate property values will fall another 10% next year, after falling 11% this year, Capital Economics’ deputy chief property economist, Kiran Raichura, wrote in a recently released ou

Inflation has cooled significantly in recent months, yet many people are still paying more for a lot of things. That's because easing inflation doesn't actually mean prices are falling — it just means

31 mins ago - Economy Matt Phillips, author of Axios Markets Data: FactSet: Chart: Axios Visuals Prices in China continued to fall during November, as the People's Republic slips into a deflationary f

You would think, with prices as high as they are, that Americans would have tempered their enthusiasm for shopping of late; that they would have pulled back spending on luxury items; that they would h

President Biden blasted corporate “price gouging” more forcefully this week than ever before, reflecting a renewed administration effort to respond to widespread voter discontent over the economy as n

News The elite are trying to whip everyone back to the office to avoid a commercial real estate crash. Jessica Wildfire Aug 11, 2023 Arquimedes August 11 2023 6:15 AM 4 min read Share Email Back in my

Hear major bank CEO's prediction about a possible recession 00:51 - Source: CNN New York CNN — JPMorgan Chase CEO Jamie Dimon issued a stark warning to Wall Street on Wednesday: Inflation could rise f

1 hour ago - Economy Courtenay Brown, author of Axios Macro President Biden at a "Bidenomics" even in Largo, Maryland in September. Photo: Al Drago/Bloomberg via Getty Images Fresh data released Wedne

As we approach the holiday season, a recent report from LendingClub shines a light on the financial challenges that Americans are grappling with. The findings reveal that 60% of the population is livi

A Metro train car travels along the Red Line in Washington, D.C. Since the COVID-19 pandemic, riders have slowly returned to taking mass transit. Chip Somodevilla/Getty Images WASHINGTON — In the nati

For the last 36 years, Rick and Laura Zinnick had a life in Nevada. But when their son and grandchildren decided to relocate to Oklahoma City, the Zinnicks decided to follow them, putting their four-b

There’s an economic mystery confounding the White House: Most Americans are financially better off than they were before the coronavirus pandemic, but they feel worse about their economic prospects. R

“Are you better off today than you were four years ago?” That question, first posed by Ronald Reagan in a 1980 presidential-campaign debate with Jimmy Carter, has become the quintessential political q