Economy
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Economy | LATEST STORIES
US Economy Adds 139,000 New Jobs in May, Topping Market Forecasts
Health care and leisure and hospitality lead the employment gains.
Home Rents Fall in 28 Major US Metros
Falling rents and high costs of buying homes are pushing many people to stick with renting.
New York Fed: Many US Businesses Using Tariff-Induced Costs to Raise Prices
Its survey revealed that a significant share of businesses boosted U.S. purchases, while a similar share reported a decline in imported goods.
US Trade Deficit Plummets 56 Percent as Trump’s Tariffs Take Hold
Imports fell and exports rose to a record high.
Tories Bid to Reclaim Economic Credibility, But Mel Stride’s Speech Lacks Policy Punch
Shadow chancellor Sir Mel Stride said the Conservatives’ plan to deliver economic stability and growth would ’take time to put together.’
Fed’s Beige Book Reports Lower Economic Activity, ‘Slightly Pessimistic’ Outlook
Activity declined in six of 12 assessed Federal Reserve districts, rising in only three.
Jobless Claims Tick Up, Layoffs Slip as US Labor Market Sends Mixed Signals
Employers increase their hiring plans comparable to 2012 and 2013.
Why Hong Kong is Losing Global Relevance
One economist has warned the city may face a decade-long slump driven by real estate debt, lost neutrality, and weaker competitiveness.
US Economy Poised for Major Rebound in 2nd Quarter: Atlanta Fed
The May jobs report could confirm if the U.S. economy is holding steady amid widespread uncertainty.
Trump’s Tariffs Will Slash Deficits by $2.8 Trillion Over 10 Years: CBO
The Congressional Budget Office projects major revenue gains with moderate economic drag from the president’s sweeping tariff policies.
Trump Demands Lower Rates After Weak ADP Jobs Data—Will the Fed Budge?
Federal Reserve officials have expressed caution before taking policy action again.
Dollar Tree Sales Rise, Views Economic Uncertainty as Opportunity
The company accelerated store openings and converted many stores to a multi-price format.
Reeves Rules Out Tax Hikes Ahead of Spending Review, but Economists Warn of Tough Trade-offs
The government’s Spending Review next week will set out departmental funding plans for the next three years.
US Private Sector Adds 37,000 Jobs in May, Trump Urges Fed to Lower Rates
This comes two days before the highly anticipated May jobs report.
Australia’s Economy Continues Flatline Performance Recording 0.2 Percent Growth
The latest accounts showed low figures all round with low private and public investment.
Trump’s 50 Percent Tariffs on Steel, Aluminum Take Effect, Aimed at Boosting US Production
By doubling the levies, foreign companies ‘can no longer get over the fence,’ Trump said.
Australia Now Has More Billionaires Per Capita Than the US or UK
The number of billionaires doubled over the past decades, as well as philanthropy.
US Sends Letters to Trade Partners to Seek ‘Best Offers’ by June 4
The Trump administration wants to see plans to remove non-tariff trade barriers and promises to purchase U.S. factory and farm products.
