Economy
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Economy | LATEST STORIES
Rental Price Gouging and Scamming Fueling the Flames for California Wildfire Victims
The president of the Greater Los Angeles Association of Realtors said that housing in the area will again be scarce.
‘Here for the Long Haul,’ Says Reeves as She Responds to Market Troubles
The chancellor said she was not going to let her critics ‘get me down’ as she rebuffed their attacks.
5 Key Points From Biden’s Final Interview as President
Biden said he had altered the ‘basic formula’ of the US economy. He also discussed NATO, Putin, the Israel-Hamas ceasefire, and his approach to inflation.
US Inflation Expectations Mixed, Food Prices Anticipated to Increase
People’s expectations regarding year-ahead prices for food increased while gas, college education, medical care, and rent are predicted to go down.
UK Faces Dilemma Navigating Future Trade Ties Under Trump: Think Tank
Chancellor Rachel Reeves’s visit to Beijing in January comes amid the revival of economic and financial dialogue between Britain and China.
FEC Commissioner Sees ‘DOGE Potential’ in Moving Agency Out of Washington
Trump moved federal jobs out of D.C. during his first term and promised more of the same while campaigning.
Unemployment Reaches 4 Percent as Workers Face Longer Hours
Despite rising unemployment, the economy saw a 0.4 percent increase in jobs in December.
Mass Train Strikes Causing ‘Incalculable’ Economic Damage: NSW Premier
New South Wales Premier Chris Minns vows to end industrial action as train bans drain the economy.
Leading Indicator Shows US Employment Poised to Rise
Nearly 50 percent of employers said in a survey that they planned to hire this year.
US Inflation Rises for 3rd Straight Month, Driven by Higher Energy, Shelter Costs
The drop in core inflation relieves investors.
Surprise Inflation Dip Provides ‘Respite’ for Chancellor Amid Market Turmoil
Chancellor of the Exchequer Rachel Reeves said she will ‘fight every day’ to improve people’s living standards.
Markets Tend to Overreact to Misleading News
The job numbers are notoriously premature and subject to massive revisions later on. Be patient since we believe a phenomenal earnings season is about to begin.
101 Disruptions: Sydney Grinds to a Halt as Train Network Hobbled by 350 Union Actions
The public transport network has been a key bargaining chip in negotiations between the state and public transport unions.
Small-Business Optimism Surges as Economic Expectations Hit 40-Year High
Confidence soars among small businesses as President-elect Donald Trump’s pro-growth economic agenda sparks high expectations for 2025.
US Wholesale Prices Rise Less Than Market Forecast
Goods inflation fueled all of the inflation, while services inflation was flat.
Major Banks, Lenders Provide Disaster Relief for Los Angeles Wildfire Victims
Financial institutions are offering disaster relief and forbearance programs to help victims of the California wildfires.
US Home Rents at Lowest Level in Nearly 3 Years: Report
The asking rent for properties has gone down considerably from 2022’s record high of $1,700.
Fiscal Fears, Central Bank Policies Send Jitters Through Global Bond Market
The United States, Europe, and Japan are experiencing rising government bond yields.
China Once Again Tops US ‘Notorious Markets’ List for Counterfeiting, Piracy
ByteDance’s platform was added while Tencent’s WeChat was dropped from the ‘Notorious Markets’ list.
