The Latest Breaking News from Economy

As comfy as ever, Honda’s mid-sizer comes up just a bit short on the Kia Sorento in technology and efficiency.

The Fed’s hawkish stance and decline in consumer spending indicate that the economy could soon tip into a recession. Therefore, investors should consider fundamentally sound stocks Cardinal Health (CAH), United Microelectronics (UMC), MasterCraft (MCFT), and GEE Group (JOB) now. Keep reading….

Investors have welcomed China’s shift away from the zero-Covid strategy as good news for the world economy in the longer run. However, there are more immediate worries about the near-term impact of surging case numbers on trade and industry.

The collapse in the personal U.S. saving rate to near a record low has fueled a narrative that consumers are clearly strapped heading into 2023. This is worrisome because consumer spending accounts for about two thirds of the economy. Heck, one widely shared analysis by Federal Reserve analysts estimated that…

Technology companies are shedding jobs at disturbing rates. Those with experience in computing are being laid off, sometimes with little warning. Freshly minted computer science graduates are facing employment headwinds not seen for well over a decade. Is this the next dot-com bubble burst, which could send the economy spiraling…

Government figures show tourist numbers in the Northern Territory have recovered strongly, almost reaching pre-pandemic levels, but operators say more needs to be done to encourage visitors during the wet season.

COVID-19 cases have surged in China since stringent restrictions were lifted and there are concerns about the economic ramifications this could bring.

Dozens of hearses queued outside a Beijing crematorium on Wednesday, even as China reported no new COVID-19 deaths in its growing outbreak, sparking criticism of its virus accounting as the capital braces for a surge of cases.

Welsh firms were more optimistic in the economy than in their own business prospects, latest figures from Lloyds Bank reveal