The Latest Breaking News from Economy

Is the hot labor market strengthening or weakening? Or doing both at the same time?

The influential prime minister worked to revive the economy with his trademark "Abenomics" and rebuild Japan's role on the global stage. His assassination stunned a nation where gun violence is rare.

Gov. Gavin Newsom announced in late June a $17 billion inflation relief package that would send money to millions of Californians.

The U.S. economy added more jobs than expected in June, signaling the labor market remains strong even as the Federal Reserve tries to weaken it to tame inflation. The July 8, 2022, jobs report also showed the unemployment rate remained at a 70-year low of 3.6%.

Inflation is raging

With the increasing odds of the economy slipping into a recession due to the Fed’s aggressive interest rate hikes to reduce inflation, it could be difficult for fundamentally weak stocks to find support anytime soon. DiaMedica (DMAC), CytomX (CTMX), Meta Financial (CASH), and Live Oak (LOB) have recently been downgraded…

The economy may not be coming in for a landing after all.

Analysis: If Johnsonomics stands for anything, it is a lack of plan or vision to address Britain’s economic woes

The recent dramatic events that led to the resignation of UK prime minister, Boris Johnson, on July 7 2022 raise the issue of how politics – and economic policy uncertainty more specifically – affects the UK economy. The answer, of course, is that it does, and sometimes for as much…

US unemployment rate held steady at 3.6%, labor department said, as jobs report indicated resilience

A major recession is forecast for this time next year