Today: September 16, 2024
Today: September 16, 2024

Latest From PAUL WISEMAN

News|Opinion|Political

Trump or Biden? Either way, US seems poised to preserve heavy tariffs on imports

President Joe Biden and Donald Trump agree on essentially nothing, from taxes and climate change to immigration and regulation

Trump or Biden? Either way, US seems poised to preserve heavy tariffs on imports
Business|Economy|News

US growth likely slowed last quarter but still pointed to a solid economy

The U.S. economy is thought to have extended its surprisingly healthy streak at the start of this year, with consumers still spending freely despite the pressure of high interest rates

US growth likely slowed last quarter but still pointed to a solid economy
Business|Economy|News

IMF's Georgieva warns "there's plenty to worry about'' in world economy -- including inflation, debt

The head of the International Monetary Fund said Thursday that the world economy has proven surprisingly resilient in the face of higher interest rates and the shock of war in Ukraine and Gaza, but “there is plenty to worry about,″ including stubborn inflation and rising levels of government debt

IMF's Georgieva warns "there's plenty to worry about'' in world economy -- including inflation, debt
Business|Economy|News

IMF: Outlook for world economy is brighter, though still modest by historical standards

The International Monetary Fund has upgraded its outlook for the global economy, saying the world appears headed for a “soft landing” — reining in inflation without much economic pain and producing steady if modest growth

IMF: Outlook for world economy is brighter, though still modest by historical standards
Business|News

US producer prices rose 2.1% from last year, most since April, as inflation remains stubborn

U.S. producer prices rose in March from a year earlier at the fastest pace in nearly a year, offering more evidence that progress against inflation may have stalled this year and raising doubts about whether and when the Federal Reserve will start cutting interest rates

US producer prices rose 2.1% from last year, most since April, as inflation remains stubborn
Business|Economy|News

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

The American economy is thought to have added 200,000 jobs in March — a more-than-respectable increase though one that would mark a slowdown from February’s vigorous gain of 275,000 and last year’s monthly average increase of 251,000

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

US job openings rise modestly to 8.8 million in February in strong labor market

U.S. job openings barely changed in February, staying at historically high levels in a sign that the American job market remains strong

US job openings rise modestly to 8.8 million in February in strong labor market
Business|Economy|News

Who wouldn't like prices to start falling? Careful what you wish for, economists say

Many Americans are in a sour mood about the economy for one main reason: Prices feel too high

Who wouldn't like prices to start falling? Careful what you wish for, economists say
Business|News

Powell says Fed wants to see 'more good inflation readings' before it can cut rates

Federal Reserve Chair Jerome Powell reiterated a message he has sounded in recent weeks: While the Fed expects to cut interest rates this year, it won’t be ready to do so until it sees “more good inflation readings’’ and is more confident that annual price increases are falling toward its 2% target

Powell says Fed wants to see 'more good inflation readings' before it can cut rates
Business|News

An inflation gauge closely tracked by the Federal Reserve shows price pressures easing gradually

A measure of inflation that is closely tracked by the Federal Reserve slipped last month in a sign that price pressures continue to ease

An inflation gauge closely tracked by the Federal Reserve shows price pressures easing gradually
Business|Economy|News

US economic growth for last quarter is revised up slightly to a healthy 3.4% annual rate

The U.S. economy grew at a solid 3.4% annual pace from October through December, the government said Thursday in an upgrade from its previous estimate

US economic growth for last quarter is revised up slightly to a healthy 3.4% annual rate
Business|News

Applications for U.S. unemployment benefits dip to 210,000, another sign the job market is strong

The number of Americans signing up for unemployment benefits fell slightly last week, another sign that the labor market remains strong and most workers enjoy extraordinary job security

Applications for U.S. unemployment benefits dip to 210,000, another sign the job market is strong
Business|Economy|News

US jobs report for February is likely to show that hiring remains solid but slower

The nation’s economy likely produced another month of healthy hiring in February, once again brushing aside the effects of high interest rates with unexpected ease

US jobs report for February is likely to show that hiring remains solid but slower
Business|News

US job openings stay steady at nearly 8.9 million in January, a sign labor market remains strong

U.S. job openings barely changed in January but remained at a high level, suggesting that the American job market remains healthy

US job openings stay steady at nearly 8.9 million in January, a sign labor market remains strong
Business|Economy|News

US economy grew solid 3.2% in fourth quarter, a slight downgrade from government's initial estimate

The U.S. economy grew at a robust 3.2% annual pace from October through December, propelled by healthy consumer spending, the Commerce Department reported Wednesday in a slight downgrade from its initial estimate

US economy grew solid 3.2% in fourth quarter, a slight downgrade from government's initial estimate
Business|News

Robots and happy workers: Productivity surge helps explain US economy's surprising resilience

Across the United States, chronic worker shortages have led many companies to invest in machines to do some of the work they can’t find people to do

Robots and happy workers: Productivity surge helps explain US economy's surprising resilience
Business|Economy|News

Recession risks are fading, business economists say, but political tensions pose threat to economy

Just a quarter of business economists and analysts expect the United States to fall into recession this year

Recession risks are fading, business economists say, but political tensions pose threat to economy
Business|News|World

Mexico overtakes China as the leading source of goods imported to US

For the first time in more than two decades, Mexico last year surpassed China as the leading source of goods imported to the United States

Mexico overtakes China as the leading source of goods imported to US
Business|Economy|News

US jobs report for January is likely to show that steady hiring growth extended into 2024

The U.S. government is expected to report that employers added a solid 177,000 jobs in January

US jobs report for January is likely to show that steady hiring growth extended into 2024
Business|News

US job openings rose in December, pointing to a still-durable labor market

America’s employers posted 9 million job openings in December, an increase from November and another sign that the job market remains resilient despite the headwind of higher interest rates

US job openings rose in December, pointing to a still-durable labor market
Business|Economy|News

IMF sketches a brighter view of global economy, upgrading growth forecast and seeing lower inflation

The International Monetary Fund has upgraded its outlook for the world economy this year, envisioning resilient growth led by the United States and a slower pace of inflation

IMF sketches a brighter view of global economy, upgrading growth forecast and seeing lower inflation
Business|Economy|News

US economy grew at a surprisingly strong 3.3% pace last quarter, pointing to continued resilience

The nation’s economy grew at an unexpectedly brisk 3.3% annual pace from October through December as Americans showed a continued willingness to spend freely despite high interest rates and price levels that have frustrated many households

US economy grew at a surprisingly strong 3.3% pace last quarter, pointing to continued resilience
Business|News

Wholesale inflation in US declined last month, signaling that price pressures are still easing

U.S. wholesale inflation fell for a third straight month in December, further evidence that price pressures in the economy are easing

Wholesale inflation in US declined last month, signaling that price pressures are still easing
Business|News

From housing to energy to food, US inflation picks up, though some costs rise only mildly

Higher energy and housing prices boosted overall U.S. inflation in December, a sign that the Federal Reserve’s drive to slow inflation to its 2% target will likely remain a bumpy one

From housing to energy to food, US inflation picks up, though some costs rise only mildly
Business|Economy|News

Global economy will slow for a third straight year in 2024, World Bank predicts

Hobbled by high interest rates, persistent inflation, slumping trade and a diminished China, the global economy will slow for a third consecutive year in 2024

Global economy will slow for a third straight year in 2024, World Bank predicts

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