The US Federal Reserve cut interest rates on Wednesday, but suggested it would make fewer rate cuts than expected in 2025 amid questions over its fight to bring down inflation across the world’s largest economy. Jerome Powell, the Fed chair, said inflation had been “stubborn”, but insisted the…

Summary Tariffs could lead to produce shortages as well as price hikes, experts warnMexico and Canada are top suppliers of US agricultural importsTariffs may disrupt cattle and pork trade between US, Mexico, and Canada WASHINGTON/REGINA, Saskatchewan, Nov 26 (Reuters) - U.S. prices may rise next…

Alejandra Palma lives in perpetual fear of the next storm. “We are constantly checking the weather,” said Palma, who co-owns Root Hill Cafe in Brooklyn’s low-lying Gowanus neighborhood. “If we see that there’s a hurricane in Florida, it’s like, oh my God, please let it not come here.” Last…

Share CalMattersPublished Dec. 25, 2023 • 11:00am California is ending the year facing a multitude of economic challenges, including a budget deficit, flat tax revenue, sluggish job growth and massive unemployment insurance debt. The state’s budget surplus turned into a $32 billion deficit (opens in…

Record heat, record emissions, record fossil fuel consumption. One month out from Cop28, the world is further than ever from reaching its collective climate goals. At the root of all these problems, according to recent research, is the human “behavioural crisis”, a term coined by an…

DALLAS, Feb 28 (Reuters) - Wendy's has no plans to raise menu prices during peak demand, the company said on Wednesday, days after comments from its CEO that the burger chain would start testing "dyna

Credits Nathan Gardels is the editor-in-chief of Noema Magazine. He is also the co-founder of and a senior adviser to the Berggruen Institute. TOKYO — Decades after the supposed end of Japan’s “lost years,” the country remains on the cusp of degrowth. Its GDP expanded by a mere annualized rate of…

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 continuing permanent war, research has found. A 1C increase in global temperature leads to a 12% decline in…

'Didn't know whether to laugh or cry': CNN's Richard Quest calls out Wayfair CEO 01:16 • Source: CNN Trending Now 13 videos 'Didn't know whether to laugh or cry': CNN's Richard Quest calls out Wayfair CEO 01:16 Now playing • Source: CNN Actress Diane Keaton has died at 79 02:35 Now playing • Source:…

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Explore More Post-jab nip/tuck: People with ‘Ozempic face’ are fixing it with these procedures to fight wrinkles and sagging Lizzo reveals how she lost 16% of her body fat after shutting down Ozempic accusations ‘Ozempic feet’ gnarly side effect of weight loss drug exhibited by some celebs: report…

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 highest since at least 1979, when Moody's began tracking. Why it matters: Typically vacancy rates rise…

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 unemployment rate was unchanged at 4.1%. The closely watched jobs report is the last piece of economic news…

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 in September, while the headline unemployment rate slipped to 4.1% from 4.2% in August. Kamala…

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 concessions. The International Longshoremen’s Association (ILA) has accused the United States Maritime…

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 prepares to cut interest rates for the first time since March 2020, and November’s election puts a…

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 couldn't afford. "That was my breaking point," she recalls. Berman, 35, knew she had an unhealthy…

Summary Consumer spending increases 0.5% in JulyPCE price index rises 0.2%, advances 2.5% year-on-yearCore PCE inflation gains 0.2%; up 2.6% year-on-yearPersonal income climbs 0.3%; saving rate falls

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 borrowing costs. That could occur as soon as the Fed's next policy meeting in September, assuming…

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