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3 mins read

Wages have outpaced inflation since 2020 but many consumers still feel burdened by prices

On average, wages have outpaced inflation since the pandemic, but even with those gains, plenty of …

John Towfighi   


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2 mins read

Americans' spending patterns are flashing a warning of a possible consumer-led recession

Consumers are pulling back on discretionary purchases, a sign that their stimulus-fueled shopping s…

Jennifer Sor   


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2 mins read

Stock market closes flat after volatile trading on Thursday

Market sentiment on Thursday was subdued as investors awaited the first-quarter results of TCS and …

ANI   


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2 mins read

Stock market closes in red amid intraday volatility

The BSE Sensex finished 34.73 points lower, settling at 79,441.45, while the NSE Nifty declined by …

ANI   


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2 mins read

China released a 22,000-character plan for its economy that doesn't say very much

David Lubin, a senior research fellow of global economy and finance at Chatham House, said the plen…

Huileng Tan   


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2 mins read

Why a majority of Americans think the economy is already in a recession

Three of five Americans surveyed by Affirm say the US is in a recession. On average, most think it …

Filip De Mott   


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1 min read

China slashes interest rates in a surprise move to boost its slumping economy

China cut several short- and long-term interest rates on Monday as its economy grapples with slower…

Kelly Cloonan   


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2 mins read

Queen-size mattresses are selling for as little as $175 in the US, thanks to Chinese overproduction

There's a probe into whether Chinese mattresses are being shipped via other countries to the US aft…

Huileng Tan   


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7 mins read

America is on the brink of an unemployment fiasco

The number of unemployed Americans keeps rising. To keep the US job market from getting worse, the …

Neil Dutta   


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2 mins read

The US battle against Chinese trade could hurt the Americans it's supposed to protect, Harvard professor says

Putting up higher barriers presents a separate set of risks, Kenneth Rogoff said.

Filip De Mott   


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2 mins read

Stock market closing: Sensex closes above 80,000, auto, pharma and realty indices rally

Maruti (up by 6.52%), Divis Labs (up by 2.37%), Mahindra and Mahindra (up by 2.23%), Titan (up by 1…

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2 mins read

Stock market today: Sensex crosses 80k, IT takes early lead

Tata Motors, ICICI Bank, Infosys, Hindalco, and HCL Tech took the lead in the early morning trade, …

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3 mins read

The most immediate threat to China's economy isn't external. It's internal.

On Monday, Beijing released new data that underscores the scale of China's domestic consumption pro…

Huileng Tan   


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3 mins read

Americans are obsessed with the economy. Here are the tiny bits Trump and Biden said about Social Security and inflation.

During the first presidential debate, Trump and Biden sparred over who is to blame for inflation. B…

Ayelet Sheffey   


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1 min read

Small business sentiment dropped by most in 13 months in January as inflation, labor costs bite

"In January, optimism among small business owners dropped as inflation remains a key obstacle on Ma…

Yuheng Zhan   


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3 mins read

Bad news for coders: The US is past peak software developer

The strong demand for software developers has softened, so it could take more time to land this typ…

Madison Hoff   


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2 mins read

Recession odds are 'very high' as economy looks poised to see an unemployment wave and plunging consumer spending, chief economist says

"Is it possible the Fed cuts rates very dramatically? Yes. But that's only going to happen or most …

Jennifer Sor   


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4 mins read

Why Gen Z is feeling so good about money right now

Compared to Gen X and baby boomers, a new TransUnion survey found Gen Zers are "the most stable" wh…

Ayelet Sheffey   


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2 mins read

Market Morning: Except for FMCG, consumer durables, sectoral indices open in red

During early morning trade, IndusInd Bank, Cipla, Tata Steel, Adani Ports and and SBI lost signific…

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2 mins read

Indian housing sentiment index soars, Ahmedabad emerges as frontrunner

According to Magicbricks report, despite inflationary pressures, the HSI across India remains robus…

ANI