Economy
Economy | LATEST STORIES
Responding to Job Numbers, Trump Says He Expects Economy to Get Worse
‘Our economy’s bad,’ President Trump said. ‘And it’ll only get worse.’
US Labor Market Cools Off After Less-Than-Expected 175,000 New Jobs
The unemployment rate ticks up to 3.9 percent.
Australian Plant-Based Meat Sales Surge 47 Percent Between 2020 and 2023
Yet retail sales were slow due to ‘expectations around taste’ and the ‘higher price point’ of plant-based products.
Deadline Looms as Major Bank Gears up for Cashless Transition
The investment bank is phasing out all cash and cheque services in 2024.
Home Prices and Mortgages Aren’t Dropping Anytime Soon, Say Experts
Industry experts warn that buyers closing deals out of ‘fear of missing out’ may be ruining their financial futures.
Fed Leaves Interest Rates Unchanged as ‘Inflation Risks’ Persist
Fed Chair Powell says his confidence in inflation moving back down is lower than before.
Economic Expectations Gauge Plunges Signaling a Looming Recession
Over the next six months, it is estimated that fewer American consumers plan on buying homes or big-ticket appliances.
Biden Administration’s New Climate Rules Add $31,000 to Price of New Home, Industry Groups Say
‘This senseless nationwide codes mandate will significantly raise housing costs,’ said NAHB chairman Carl Harris.
Yellen Says Americans Are ‘Better Off’ Despite Higher Price Inflation
The Treasury Secretary refutes the Republican argument that President Joe Biden is raising taxes.
US Labor Costs Rise in 1st Quarter; Another Problem in Inflation Fight
Government compensation outpaced private industry in the first quarter.
Japan’s Yen Plummets to 34-year Low Against US Dollar
Former President Donald Trump has expressed concern about the depreciation of the yen.
US Government Plans to Borrow More This Quarter Amid Disappointing Tax Receipts
Treasury aims to borrow $1 trillion over the next six months.
Bonza Suspends Flights, Airline’s Future in Doubt
Bonza was the latest entrant into Australia’s super-competitive airline market.
Food Prices Expected to Rise 2.2 Percent With Eggs, Sugar, and Beef Leading the Surge
The cost increases comes as two-thirds of American consumers struggle to afford daily grocery expenses.
