Jerome Powell says the AI hiring apocalypse is real: ‘Job creation is pretty close to zero.’
Federal Reserve Chair Jerome Powell drew a stark picture of a labor market that looks fine on the…
ECB Holds Rates With Inflation Near 2% and Economy Expanding
The European Central Bank left interest rates unchanged for a third meeting, with inflation in check and the…
Our chocolate, coffee and oats have been getting smaller for years
Over the years, prices have gone up as products have got smaller. Experts examine how long the trend…
Powell cuts rates in the dark in historic move, with no jobs data and Trump heckling from abroad
The Federal Reserve lowered its benchmark interest rate by a quarter of a percentage point on Wednesday, a…
Why an Old Multiple Sclerosis Drug Costs More Than Ever in the US
When Jean Kay started a brand-new multiple sclerosis treatment called Rebif in 2003, it cost $17,500 a year.…
US Mortgage Rates Fall to 6.3%, Boosting Buying and Refinancing
US mortgage rates fell to a fresh one-year low, encouraging more homeowners to refinance and drawing prospective buyers…
US Inflation Traders Dust Off Obscure Alternative to CPI Data
Traders in a $7 trillion market are grappling with the unprecedented scenario of having to price securities tied…
Bessent Calls on Japan to Give BOJ Space to Fight Inflation
US Treasury Secretary Scott Bessent called on Japan’s new government to give the nation’s central bank the space…
Australia Inflation Spike Boosts Case for Extended RBA Pause
Australia’s core inflation accelerated beyond expectations last quarter, complicating the Reserve Bank’s path to further policy easing and…
World Bank Says Pakistan’s Slow Growth Fails to Improve Living Standards
Pakistan’s economy is expanding too slowly to meaningfully improve living standards or create enough jobs for its growing…
Economic Pessimism Rises Among Americans
Topline Americans are expressing lowered opinions about the U.S. economy as worries persist about a declining job market…
White House Fossil Fuel Bet Is Losing to Green Energy
It’s been 19 months since Donald Trump promised that if elected the 47th President of the United States…