Economists anticipated drop, but 8,000 new positions were added in June compared with May, with unemployment rate down to 4.1% The US economy added 147,000 jobs in June, a sign of continuing strength in the labor market amid Donald Trump...
Rolling coverage of the latest economic and financial news, as economists predict that Wednesday’s sell-off has strengthened Reeves’s position No 10 defends chancellor after day of bitter recriminations over welfare bill fiasco...
Bond yields fall, reversing a sharp rise on Wednesday sparked by speculation over the future of the chancellor • Business live – latest updates UK government bonds have rallied after Keir Starmer backed Rachel Reeves to remain as...
The Trump administration's crackdown on immigrants might be the most profound change in the American labor market right now. Industries that rely on immigrant labor are especially vulnerable, as ICE continues to raid businesses believed...
U.S. employers added 147,000 jobs in June as the unemployment rate dipped to 4.1%. Job gains were concentrated in health care and state and local government.
President embraces Robin-Hood-in-reverse policies to benefit wealthiest and hurt those earning under $50,000 Last November, Donald Trump made a solemn vow to all Americans: “Every citizen, I will fight for you, your family and your...
David Rosenberg, founder and president of Rosenberg Research, believes recession odds are higher than 2022 despite nobody expecting one, pointing to Fed staff forecasting 50% recession probability and the most downbeat Beige Book since...
Budget analysts say the GOP tax cut and spending bill would add trillions to the government's debt over the next 10 years. Interest on the debt already costs taxpayers about $1 trillion per year.
All 17 businesses in six-month pilot to continue with either four-day week or nine-day fortnight Nearly 1,000 British workers will keep a shorter working week after the latest trial of a four-day week and similar changes to traditional...
Indonesia’s president promised free meals for every student in the country. But unemployment is rising, and some analysts say he’s making matters worse.
There's an economic fantasy you sometimes hear in D.C. It often gets trotted out when politicians are trying to add billions or trillions to the national debt. They claim that all the new spending will be worth it in the end because we...
The president said he had agreed to initial trade terms with Vietnam, the second country to strike a limited deal after Mr. Trump threatened steep tariffs.
Cost of government borrowing leaps as investors take fright from PMQs, before falling back as No 10 says chancellor staying in post Reeves will stay as chancellor, says No 10 after her tears in Commons Where does the welfare bill...
With £6.25bn in planned savings now shelved, the government faces awkward choices on how to plug gap Welfare bill climbdown will have ‘a cost’ at budget, says senior minister Reeves will stay as chancellor, says No 10 after her tears in...
Leland Miller, China Beige Book CEO, joins ‘Squawk Box’ to discuss the state of China’s economy, impact of U.S.-China trade negotiations, how much leverage the country has over the U.S., and more. Here is a direct video...
Chris and Evie discuss property taxes, financial mismanagement, national debt, and political discord, highlighting systemic issues and potential future disruptions.
We are back with another edition of listener questions! In this round, we tackle recession pop, why the job market feels so crummy for IT grads, and whether President Trump saying that Walmart "eat the tariffs" is a form of price...
Stefan Scherer, boss of AMG Lithium, says Europe must become more self-sufficient in critical raw materials and new technologies The EU may as well “apply to be a province of China” such is its inability to wean itself off that country’s...
Acceding to US demands to exempt its companies from an agreed global tax deal is morally and financially indefensible The US Treasury just made a deal with the other G7 countries that global minimum taxes that were already agreed upon...
A Los Angeles tower, FEMA headquarters in Washington, 100-year-old tower in Manhattan join list; some delinquent loans were “cured,” including by transfer to a custodial receiver and extend and pretend, and came off the list.
Exclusive: Experts say higher figure than past estimates should be wake-up call for ministers to tackle obesity The cost of the UK’s epidemic of overweight and obesity has soared to £126bn a year, far higher than previous estimates,...
EU’s longest-serving commissioner faces arguably his sternest test with the clock ticking before 9 July deadline In May 2019 Maroš Šefčovič was travelling with Donald Trump and his entourage to a liquefied natural gas export terminal in...
Local taxing authorities have overdone it. Not content with merely feathering their own nests, they have done so fraudulently and deceitfully in open violation of both strict legal rules as well as moral boundaries.