US Initial Jobless Claims Drop to the Lowest Level Since July
Initial applications for jobless benefits in the US fell to the lowest since mid-July, underscoring how companies remain…
China Job Market Woes Spread at Worst Time for Deflation Fight
China’s labor market is deteriorating just as deflationary pressures showed initial signs of easing, threatening to reverse progress…
China’s consumers are surprising economists. Meet the ‘bifurcated shopper.’
Stories like these are showing up in the data, too. Retail sales overall grew only 3.4% in August,…
Key US Inflation Metric to Ease as Focus Shifts to Jobs Market
A shopper at a clothing store in downtown Detroit, Michigan. (Bloomberg) — The Federal Reserve’s preferred gauge of…
‘Unusually large amounts of economic activity’
For months, Wall Street commentators have fretted that the artificial intelligence boom looks like a bubble, with capital…
China set for bumper ‘golden week’ travel rush in boost for economy
China is likely to see a bumper surge in travel bookings for the coming “golden week” holiday –…
Stocks Hold Gains on Signs Consumer in Good Shape: Markets Wrap
Wall Street traders gearing up for the Federal Reserve decision refrained from making big bets as they awaited…
Top 10% of Earners Drive a Growing Share of US Consumer Spending
Wealthy consumers continue to account for a growing share of US consumer spending, highlighting the lopsided strength of…
Swipe Local or Click to Ship?
Consumer spending in the age of Amazon, and what businesses are doing to keep community loyalty After two…
Jamie Dimon says economy is ‘weakening’ but even he can’t make sense of all the different data: ‘Maybe, one day, AI will fix that problem’
JPMorgan Chase CEO Jamie Dimon issued a sobering assessment of the American economy in an interview with CNBC…
Hidden inflation drives Japanese consumers to price-tracking sites
After three decades of falling prices, Japanese consumers are facing a new phenomenon known in other parts of…