economy
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TOKYO — Japan’s economy is now the world’s fourth-largest after it contracted in the last quarter of 2023 and fell behind Germany. The government reported the economy shrank at an annual rate of 0.4% in October to December, according to Cabinet Office data on real GDP, though it grew 1.9% for all of 2023. It […]
The S&P 500, a broad-based index of stocks, broke above 5,000 for the first time ever. Spencer Platt/Getty Images hide caption toggle caption Spencer Platt/Getty Images The S&P 500, a broad-based index of stocks, broke above 5,000 for the first time ever. Spencer Platt/Getty Images Stocks are on a record-setting run. For the first time […]
US President Joe Biden speaks about the economy and the deal between the United Auto Workers (UAW) Union and the big-three automakers, in Belvidere, Illinois, on November 9, 2023. Olivier Douliery | AFP | Getty Images This report is from today’s CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to […]
4 different ‘landing’ scenarios for the U.S. economy MarketWatch Source link
Evelyn Hockstein/Reuters President Joe Biden speaks to the media at the White House on January 30, 2024. Washington CNN — By many metrics, the US economy is humming along. The jobs market is robust; consumers are spending again; and inflation has eased to a three-year low. That has prompted
An aerial view of aircraft carriers of the United States Navy USS Gerald R. Ford and USS Dwight D. Eisenhower together in eastern Mediterranean on November 03, 2023. Anadolu | Anadolu | Getty Images The Congressional calls to consider prioritizing U.S.-flagged vessels come at a time when the Iranian-backed Houthis continue to attack shipping in […]
SAN FRANCISCO — The first time Julian Chavez got laid off from his job as a digital ad sales rep at web.com didn’t turn him off from the tech industry. Neither did the second time when he was laid off from ZipRecruiter. By the third time, though, Chavez had had enough. “I . . .
Jillian Hiscock, center wearing a white hat, poses for a photo with her friends and family in December. Courtesy Jillian Hiscock While the leisure and hospitality industry added a mere 11,000 jobs in January, the critical service sector registered its 36th consecutive month of job gains. Post-pandemic, services businesses have benefited from Americans’ strong desires […]
8:52 a.m. ET, February 2, 2024 What’s with all the revisions? Friday’s whopper of a jobs number was double expectations, and December’s data was one of several months to get heavily revised. Why are economists’ forecasts frequently so wrong? It’s nearly impossible to say with certainty how much prices rose or how many people were […]
Nassim Nicholas Taleb is famous for writing The Black Swan, but these days he’s warning of a white swan, a risk that rather than being rare is somewhat more probable—and in this case coming for America’s economy. Like an increasing number of economic observers, Taleb says the cause of this calamity-in-plain-sight is the federal budget […]