Today: September 08, 2024
Today: September 08, 2024

Latest From PAUL WISEMAN

Business|Economy|Finance

You aren't likely to lose a job in the US but may find it harder to land one

The American labor market, red-hot for the past few years, has cooled

You aren't likely to lose a job in the US but may find it harder to land one
Business|Technology

AI may not steal many jobs after all. It may just make workers more efficient

Artificial intelligence is beginning to allow many employers to automate functions long performed by human workers

AI may not steal many jobs after all. It may just make workers more efficient
Business|Economy

US economic growth for last quarter is revised up to a solid 3% annual rate

The U.S. economy grew last quarter at a healthy 3% annual pace, fueled by strong consumer spending and business investment, the government said in an upgrade of its initial assessment

US economic growth for last quarter is revised up to a solid 3% annual rate
Business|Economy|Finance|News

Takeaways from Fed Chair Powell's speech at Jackson Hole

Federal Reserve Chair Jerome Powell all but proclaimed mission accomplished in the fight against inflation and signaled that interest rate cuts are coming in a much-anticipated speech in Jackson Hole, Wyoming

Takeaways from Fed Chair Powell's speech at Jackson Hole
Opinion

US consumer sentiment rises slightly on Democratic optimism over Harris' presidential prospects

A surge in optimism by Democrats over the prospects of Vice President Kamala Harris lifted U.S. consumer sentiment slightly this month

US consumer sentiment rises slightly on Democratic optimism over Harris' presidential prospects
Business|Economy|News

US hiring fell sharply in July, an unexpected setback for the economy stoking recession fears

The U.S. economy suffered an unexpected setback in July, as hiring fell sharply and the unemployment rate rose for the fourth straight month in a sign that higher interest rates may be taking a bigger toll on businesses and consumers

US hiring fell sharply in July, an unexpected setback for the economy stoking recession fears
Business|Economy|News

U.S. job openings fall slightly to 8.2 million as high interest rates slowly cool a hot labor market

U.S. job openings fell slightly last month, a sign that the American labor market continues to cool in the face of high interest rates

U.S. job openings fall slightly to 8.2 million as high interest rates slowly cool a hot labor market
Economy

US economic growth increased last quarter to a healthy 2.8% annual rate

The nation’s economy accelerated last quarter at a strong 2.8% annual pace, with consumers and businesses helping drive growth despite the pressure of continually high interest rates

US economic growth increased last quarter to a healthy 2.8% annual rate
Economy|World

IMF's economic view: Brighter outlook for China and India but tepid global growth

The International Monetary Fund has upgraded its economic outlook this year for China, India and Europe while modestly lowering expectations for the United States and Japan

IMF's economic view: Brighter outlook for China and India but tepid global growth
Economy|News

US wholesale inflation picked up in June in sign that some price pressures remain elevated

Wholesale prices in the United States rose by a larger-than-expected 2.6% last month from a year earlier, a sign that some inflation pressures remain elevated

US wholesale inflation picked up in June in sign that some price pressures remain elevated
Business|Economy|News

Powell stresses message that US job market is cooling, a possible signal of coming rate cut

Federal Reserve Chair Jerome Powell reinforced a message that the Fed is paying growing attention to a slowing job market and not only to taming inflation, a shift that signals it’s likely to begin cutting interest rates soon

Powell stresses message that US job market is cooling, a possible signal of coming rate cut
Economy

US jobs report for June is likely to point to slower but still-solid hiring

The American job market likely cooled last month while still remaining fundamentally healthy, which would be welcome news for the Federal Reserve in its drive to fully tame inflation

US jobs report for June is likely to point to slower but still-solid hiring
Business|Economy|News

US job openings rise to 8.1 million despite higher interest rates

U.S. job openings rose slightly to 8.1 million in May despite the impact of higher interest rates

US job openings rise to 8.1 million despite higher interest rates
Economy

Federal Reserve's preferred inflation gauge shows price pressures easing further

A measure of prices that's closely tracked by the Federal Reserve suggests that inflation pressures in the U.S. economy are continuing to ease

Federal Reserve's preferred inflation gauge shows price pressures easing further
Economy

US economic growth for last quarter is revised up slightly to a 1.4% annual rate

The American economy expanded at a 1.4% annual pace from January through March, the slowest quarterly growth since spring 2022, the government said in a slight upgrade from its previous estimate

US economic growth for last quarter is revised up slightly to a 1.4% annual rate
Business|Economy|Technology

Prospect of low-priced Chinese EVs reaching US from Mexico poses threat to automakers

America’s auto industry has grown concerned that Chinese carmakers may be preparing to set up shop in Mexico to exploit North American trade rules

Prospect of low-priced Chinese EVs reaching US from Mexico poses threat to automakers
Business|Economy

Prospect of low-priced Chinese EVs reaching US from Mexico poses threat to automakers

America’s auto industry has grown concerned that Chinese carmakers may be preparing to set up shop in Mexico to exploit North American trade rules

Prospect of low-priced Chinese EVs reaching US from Mexico poses threat to automakers
Economy|News

US jobless claims fall to 238,000 from 10-month high, remain low by historical standards

The number of Americans applying for unemployment benefits slipped last week

US jobless claims fall to 238,000 from 10-month high, remain low by historical standards
Business

US jobless claims remain at historically low 209,000, a sign of continuing labor market strength

The number of Americans applying for unemployment benefits was unchanged last week, remaining at historically low levels in another sign that the U.S. job market remains strong in the face of higher interest rates

US jobless claims remain at historically low 209,000, a sign of continuing labor market strength
Economy

World Bank boosts forecast: Strength of US economy will support global growth of 2.6% this year

The World Bank has upgraded its outlook for the global economy, estimating that it will expand 2.6% this year on the strength of sustained growth in the United States

World Bank boosts forecast: Strength of US economy will support global growth of 2.6% this year
Economy

US economic growth last quarter is revised down from 1.6% rate to 1.3%, but consumers kept spending

The U.S. economy grew at a sluggish 1.3% annual pace from January through March, the weakest quarterly rate since the spring of 2022, the government said in a downgrade from its previous estimate

US economic growth last quarter is revised down from 1.6% rate to 1.3%, but consumers kept spending
Business|Technology

Apple exec defends the decision to make Google its default search engine on iPhones and Macs

A top Apple executive defended the tech giant’s decision to make Google the default search engine on Apple iPhones and Macs, saying there was no “valid alternative

Apple exec defends the decision to make Google its default search engine on iPhones and Macs
Economy|News

US wholesale prices dropped in May, adding to evidence that inflation pressures are cooling

Wholesale price increases fell in May, the latest sign that inflation pressures in the United States may be easing as the Federal Reserve considers a timetable for cutting interest rates

US wholesale prices dropped in May, adding to evidence that inflation pressures are cooling
Business|Economy|News

US job openings fall to 8.1 million, lowest since 2021, but remain at historically high levels

U.S. job openings fell in April to the lowest level since 2021

US job openings fall to 8.1 million, lowest since 2021, but remain at historically high levels
Business|Economy|News

U.S. existing home sales drop 1.9% in April, pushed lower by high rates and high prices

Sales of previously occupied U.S. homes sank last month, pushed down by high mortgage rates and rising prices

U.S. existing home sales drop 1.9% in April, pushed lower by high rates and high prices

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