Economy News & Articles

US GDP surged a record 33% in the 3rd quarter as the economy reopened, roughly double the next-biggest jump — US GDP surged a record 33% in the 3rd quarter as the economy reopened, roughly double the next-biggest jump
29 Oct 2020, 18:26 by Ben Winck

US weekly jobless claims fall more than expected to 751,000 as labor-market recovery continues — US weekly jobless claims fall more than expected to 751,000 as labor-market recovery continues
29 Oct 2020, 18:16 by Ben Winck

The Fed has done nearly all it can do — and it's now up to Congress to further aid the economy, ex-New York Fed president says — The Fed has done nearly all it can do — and it's now up to Congress to further aid the economy, ex-New York Fed president says
28 Oct 2020, 19:48 by Ben Winck

US consumer confidence dips as labor-market pain weighs on economic expectations — US consumer confidence dips as labor-market pain weighs on economic expectations
27 Oct 2020, 23:06 by Ben Winck

The one good thing in 2020 was suddenly cheap rent in Manhattan and San Francisco — but the bill could be up for cities soon — The one good thing in 2020 was suddenly cheap rent in Manhattan and San Francisco — but the bill could be up for cities soon
25 Oct 2020, 18:49 by Taylor Borden

America's massive unpaid rent problem could have been avoided if every unemployed person received federal UI benefits and $1,200 stimulus, study says — America's massive unpaid rent problem could have been avoided if every unemployed person received federal UI benefits and $1,200 stimulus, study says
24 Oct 2020, 19:19 by Evan Sully

Children in West Africa are working night shifts to fuel a $100-billion chocolate industry that has failed to crack down on child labor, a US government-commissioned report found — Children in West Africa are working night shifts to fuel a $100-billion chocolate industry that has failed to crack down on child labor, a US government-commissioned report found
24 Oct 2020, 15:49 by Kate Duffy

Kitchen appliances and washing machines are in short supply as families stuck inside turn to home-improvement projects — Kitchen appliances and washing machines are in short supply as families stuck inside turn to home-improvement projects
23 Oct 2020, 22:45 by Graham Rapier

US business activity leaps to fastest growth rate since February 2019, IHS Markit says — US business activity leaps to fastest growth rate since February 2019, IHS Markit says
23 Oct 2020, 20:26 by Ben Winck

RBI Governor believes there's room for a rate cut but it will depend upon moderation in inflation — RBI Governor believes there's room for a rate cut but it will depend upon moderation in inflation
23 Oct 2020, 18:01

The UK is funding 6-month job placements for young people out of work — here's why serial entrepreneur James Caan, formerly of Dragons' Den, thinks the scheme could fail — The UK is funding 6-month job placements for young people out of work — here's why serial entrepreneur James Caan, formerly of Dragons' Den, thinks the scheme could fail
23 Oct 2020, 17:03 by Marc Shoffman

UK retail sales rise at record pace in 3rd quarter, as Brits splash out on clothes, shoes and dining out — UK retail sales rise at record pace in 3rd quarter, as Brits splash out on clothes, shoes and dining out
23 Oct 2020, 14:28 by Amanda Cooper

What is real GDP? Understanding the tool economists and governments use to manage the economy — What is real GDP? Understanding the tool economists and governments use to manage the economy
23 Oct 2020, 01:05 by Ali Hussain

US weekly jobless claims fall more than expected to 787,000 as labor-market rebound shows strength — US weekly jobless claims fall more than expected to 787,000 as labor-market rebound shows strength
22 Oct 2020, 18:12 by Ben Winck

IMF cuts economic outlook for Asia, as COVID-19 devastates growth, but China remains a bright spot — IMF cuts economic outlook for Asia, as COVID-19 devastates growth, but China remains a bright spot
22 Oct 2020, 15:17 by Amanda Cooper

Raghuram Rajan cautions against import substitution — dissuades putting up huge tariffs — Raghuram Rajan cautions against import substitution — dissuades putting up huge tariffs
22 Oct 2020, 12:17

Former Fed Chair Alan Greenspan says the US is entering a period of slow economic growth on lowered productivity — Former Fed Chair Alan Greenspan says the US is entering a period of slow economic growth on lowered productivity
22 Oct 2020, 00:38 by Emily Graffeo

The US could plunge into a double-dip recession without timely stimulus, 'Dr. Doom' economist Nouriel Roubini says — The US could plunge into a double-dip recession without timely stimulus, 'Dr. Doom' economist Nouriel Roubini says
20 Oct 2020, 20:58 by Ben Winck

1 in 3 American households say they are worse off financially than last year — so holiday spending could crater — 1 in 3 American households say they are worse off financially than last year — so holiday spending could crater
20 Oct 2020, 20:19 by Madison Hoff

Another round of economic stimulus not off the table, according to Sitharaman — Another round of economic stimulus not off the table, according to Sitharaman
20 Oct 2020, 08:28

Ex-Fed Chair Janet Yellen says extraordinary stimulus is needed so long as the pandemic presents an economic threat — Ex-Fed Chair Janet Yellen says extraordinary stimulus is needed so long as the pandemic presents an economic threat
19 Oct 2020, 23:15 by Ben Winck

The biggest British business groups urge the UK and EU to reach a deal on post-Brexit trade — The biggest British business groups urge the UK and EU to reach a deal on post-Brexit trade
19 Oct 2020, 21:14 by Shalini Nagarajan

5 charts show just how badly Latino and Black communities have been impacted by the economic fallout from the coronavirus — 5 charts show just how badly Latino and Black communities have been impacted by the economic fallout from the coronavirus
19 Oct 2020, 20:58 by Marguerite Ward,Madison Hoff

The US federal deficit surges to record $3.1 trillion for 2020 amid unprecedented stimulus spending — The US federal deficit surges to record $3.1 trillion for 2020 amid unprecedented stimulus spending
17 Oct 2020, 00:41 by Ben Winck

Millions of Americans have fallen into poverty since federal financial relief ended, according to 2 recent studies — Millions of Americans have fallen into poverty since federal financial relief ended, according to 2 recent studies
16 Oct 2020, 23:51 by Madison Hoff

Charlie Hebdo, whose cartoons sparked terror attacks in France, published a cutting caricature of Turkish President Erdogan amid his feud with Macron

COVID-19 vaccine updates: Pfizer, Moderna to roll out COVID-19 vaccine by December

Apophis, the ‘God of Chaos’ asteroid is speeding up — increasing the likelihood of it hitting Earth in 2068

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