Gasoline prices are displayed at a gas station in Chicago, Illinois on March 12, 2024. Scott Olson | Getty Images A closely watched report from the Labor Department expected on Wednesday is expected to show that little progress is being made in the fight against inflation. If so, that would be bad news for consumers,…
A man checks the label on a jar of vitamins at a Costco wholesale store on April 3, 2024 in Colchester, Vermont. Robert Nickelsberg | Getty Images Small business confidence hit its lowest level in more than 11 years in March as owners feared inflation was still a major problem. At a time when other…
Investors were betting big on Federal Reserve interest rate cuts at the start of 2024, betting that central bankers would cut rates to around 4 percent by year’s end. But after months of stubborn inflation and strong economic growth, the outlook is starting to look less dramatic. Market prices now indicate that interest rates will…
The sun rises behind the Empire State Building on the day of the solar eclipse in New York City on April 8, 2024, as seen from Jersey City, New Jersey. Gary Hershorn | Corbis news | Getty Images A total solar eclipse is taking place today and is expected to cross the United States as…
Four days of high-level economic meetings between the United States and China ended without a major breakthrough in Beijing on Monday, but the world’s two largest economies agreed to hold further talks to address rising tensions over trade, investment and national security . But the conversation is likely to become even more difficult as hopes…
The Biden administration will provide up to $6.6 billion in grants to Taiwan Semiconductor Manufacturing Company, the leading maker of the most advanced microchips, to bring some of the most advanced semiconductor technologies to the United States. Funding from the bipartisan CHIPS and Science Act will help support the construction of TSMC’s first major U.S….
There was anxiety in the thin mountain air when the planet’s economic leaders gathered in January at Davos for the 54th meeting of the World Economic Forum. Donald Trump had just trounced Nikki Haley in the Iowa caucuses, all but securing the Republican nomination for president. Haley was reliable, a known quantity. A resurgent Trump,…
Agency emails show that the Bureau of Labor Statistics has shared more information about inflation with Wall Street’s “superusers” than was previously disclosed. The revelation is likely to prompt further scrutiny of how the government shares economic data at a time when such information is of great interest to investors. An economist at the agency…
Treasury Secretary Janet L. Yellen confronted her Chinese counterpart about China’s rising exports of low-cost electric vehicles and other green energy goods. She said they posed a threat to American jobs and called on Beijing to scale back its industrial strategy, according to the US government. Ms. Yellen also warned her counterpart, Vice Premier He…
The U.S. labor market once again surprised economists with its strength, adding more than 300,000 jobs in March, with some key sectors continuing to boost growth. Health care and social assistance were the sectors with the most employment gains – a common theme in recent years – with the creation of 81,300 jobs. Government and…
