• Why the demise of Canadian retail's 'middle class' won't end with Hudson's Bay
    Thursday, July 3, 2025 from Financial Post | Business » Economy
    In the last few days it was open the downtown Calgary Hudson’s Bay store was down to selling shelves and fixtures.

Mid-market stores under pressure as shoppers increasingly gravitate to discount or luxury
  • Trump's sweeping tax-cut and spending bill wins congressional approval
    Thursday, July 3, 2025 from Economy News
  • Analysis-Trump tax bill averts one debt crisis but makes future financial woes worse
    Thursday, July 3, 2025 from Economy News
  • Republicans, Democrats start gaming out Trump's tax-cut bill hit to 2026 elections
    Thursday, July 3, 2025 from Economy News
  • Dollar gains after strong US jobs data stretches market hopes of Fed cut
    Thursday, July 3, 2025 from Economy News
  • Solid US job growth masks loss of labor market momentum
    Thursday, July 3, 2025 from Economy News
  • UK borrowing costs fall as investors' nerves ease
    Thursday, July 3, 2025 from BBC News - Economy
    The cost of UK government borrowing falls and the pound rallies as the PM says he works "in lockstep" with Rachel Reeves.
  • Stocks hit record, US dollar strengthens after jobs data
    Thursday, July 3, 2025 from Economy News
  • Will Trump’s tariffs kill global trade?
    Thursday, July 3, 2025 from Economy News
  • Jeffries sets record for floor speech before vote on Trump tax bill
    Thursday, July 3, 2025 from Economy News
  • Steady job market keeps Fed on hold amid tariff uncertainty
    Thursday, July 3, 2025 from Economy News
  • Trump administration will focus on Fed chair replacement in fall, Bessent says
    Thursday, July 3, 2025 from Economy News
  • US adds 147,000 jobs in June, surpassing expectations amid Trump trade war
    Thursday, July 3, 2025 from Economics | The Guardian
    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...
  • Pound and UK bonds recovering after Starmer backs Reeves; US economy adds 147,000 jobs in June – business live
    Thursday, July 3, 2025 from Economics | The Guardian
    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...
  • UK government bond markets rally after Starmer backs Reeves
    Thursday, July 3, 2025 from Economics | The Guardian
    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...
  • Here's where the jobs are for June 2025 — government sector leads the way
    Thursday, July 3, 2025 from Economy
    State and local government job growth boosted the U.S. labor market in June.
  • U.S. payrolls increased by 147,000 in June, more than expected
    Thursday, July 3, 2025 from Economy
    Nonfarm payrolls were expected to increase 110,000 in June. The unemployment rate was forecast to rise to 4.3%.
  • Strong jump in US jobs as economy defies expectations
    Thursday, July 3, 2025 from BBC News - Economy
    Hiring in the US defied expectations with 147,000 jobs added last month, official figures show.
  • How ICE crackdowns are affecting the workforce
    Thursday, July 3, 2025 from NPR Topics: Economy
    undefined 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...
  • The U.S. labor market remains solid, with employers adding 147,000 jobs last month
    Thursday, July 3, 2025 from NPR Topics: Economy
    U.S. employers added 147,000 jobs in June. Job gains for April and May were revised up by a total of 16,000 jobs. 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.
  • With June jobs report looming, DOGE government layoffs could start becoming a factor
    Thursday, July 3, 2025 from Economy
    A gradual pullback in hiring and job openings has come as hundreds of thousands of federal workers are out looking for employment.
  • Posthaste: Canada home prices seen falling further as tariff war deepens downturn
    Thursday, July 3, 2025 from Financial Post | Business » Economy
    Oxford Economics expects home prices to fall a cumulative 8 to 10 per cent by the end of the year. Prices expected to plunge 8 to 10% this year
  • ‘It’s harsh. It’s mean, brutal’: Trump bill to cause most harm to America’s poorest
    Thursday, July 3, 2025 from Economics | The Guardian
    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...
  • Recession is here?
    Thursday, July 3, 2025 from Juggling Dynamite
    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...
  • Fact-checking three key claims about Trump's mega-bill
    Thursday, July 3, 2025 from BBC News - Economy
    Trump insists that the new bill will save the US billions, but it has been criticised by his old ally Elon Musk.
  • An Alabama food bank braces for big increase in demand if SNAP cuts take effect
    Thursday, July 3, 2025 from NPR Topics: Economy
    The food assistance program known as SNAP could face significant reductions if President Trump The food assistance program known as SNAP could face significant reductions if President Trump's tax and spending bill passes the House.
  • GOP megabill would add trillions to the country's debt, budget analysts say
    Thursday, July 3, 2025 from NPR Topics: Economy
    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.
  • Nearly 1,000 Britons will keep shorter working week after trial
    Thursday, July 3, 2025 from Economics | The Guardian
    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...
  • Can Indonesia Afford Prabowo’s Free School Lunch Program?
    Thursday, July 3, 2025 from NYT > Economy
    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.
  • Despite Ugliness at Stellantis, Nissan & Tesla, New Vehicle Sales in Q2 Rose to the Best Q2 since 2021. But June Stalled
    Thursday, July 3, 2025 from Wolf Street
    Cybertruck may be entering automotive history as the most expensive failed model ever.
  • A thought experiment on how to fix the national debt problem
    Wednesday, July 2, 2025 from NPR Topics: Economy
    WASHINGTON, DC - DECEMBER 03: A view of a billboard that displays the current U.S. National debt at 36 Trillion dollars on December 03, 2024 in Washington, DC. (Photo by Jemal Countess/Getty Images for the Peter G. Peterson Foundation) 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...
  • Posthaste: 'One Canada' mega-bill no silver bullet to neutralize tariff attack, says economist
    Wednesday, July 2, 2025 from Financial Post | Business » Economy
    Prime Minister Mark Carney says his Gains from ending interprovincial trade barriers may be smaller than government thinks
  • Trump Says U.S. Has Reached Trade Deal With Vietnam
    Wednesday, July 2, 2025 from NYT > Economy
    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.
  • Billions in carbon rebates for small businesses won't be taxed, Ottawa confirms
    Wednesday, July 2, 2025 from Financial Post | Business » Economy
    Federal Finance Minister Francois-Philippe Champagne said if draft legislation is passed small businesses could be exempt from paying tax in carbon tax rebates. Legislation still needs to be passed and businesses will likely need to file amended returns to get the cash, Deloitte says
  • UK bond yields rise sharply amid speculation over future of Rachel Reeves
    Wednesday, July 2, 2025 from Economics | The Guardian
    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...
  • The private sector lost 33,000 jobs in June, badly missing expectations for a 100,000 increase, ADP says
    Wednesday, July 2, 2025 from Economy
    Economists polled by Dow Jones forecast an increase of 100,000 for the month.
  • Where does the welfare bill climbdown leave UK public finances?
    Wednesday, July 2, 2025 from Economics | The Guardian
    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...
  • Amazon taps into Canadian patriotism
    Wednesday, July 2, 2025 from Financial Post | Business » Economy
    Amazon Prime Days are being extended this year. Watch: Retail analyst Bruce Winder talks about why Amazon is extending Prime Days and its recent moves in Canada's market
  • Chinese economy disappointed in June
    Wednesday, July 2, 2025 from Juggling Dynamite
    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...
  • Property Tax Scams, Big Pharma Schemes, and Political Clashes
    Wednesday, July 2, 2025 from Peak Prosperity
    Chris and Evie discuss property taxes, financial mismanagement, national debt, and political discord, highlighting systemic issues and potential future disruptions.
  • Tech layoffs, recession pop and more listener questions answered
    Wednesday, July 2, 2025 from NPR Topics: Economy
    Kesha is part of a crew of artists often identified within recession pop music, given their popularity back in 2009 when the economy was crumbling 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...
  • EU may as well be ‘province of China’ due to reliance on imports, says industrialist
    Wednesday, July 2, 2025 from Economics | The Guardian
    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...
  • The G7 has once again put multinationals’ profits over the interests of people
    Wednesday, July 2, 2025 from Economics | The Guardian
    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...
  • Office CMBS Delinquency Rate Spikes to Record 11.1% in June, Worse than Financial Crisis Meltdown Peak, after 3-Month Relapse
    Wednesday, July 2, 2025 from Wolf Street
    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.
  • UK’s obesity and overweight epidemic costs £126bn a year, study suggests
    Wednesday, July 2, 2025 from Economics | The Guardian
    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,...
  • He was the EU’s great Brexit survivor. Can Maroš Šefčovič now pull off a trade deal with Trump?
    Wednesday, July 2, 2025 from Economics | The Guardian
    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...
  • Trump’s Big Policy Bill Puts U.S. on Perilous Fiscal Path
    Wednesday, July 2, 2025 from NYT > Economy
    Among the most expensive pieces of legislation in years, the Republican bill could reshape the country’s finances for a generation.
  • Bank of England to redesign banknotes - and wants your help
    Tuesday, July 1, 2025 from BBC News - Economy
    The first facelift in more than 50 years signals the possible end of historical figures on notes.
  • Tariff Cash Is Rolling In: June’s Record Take Spikes by $20.5 Billion Year-over-Year
    Tuesday, July 1, 2025 from Wolf Street
    Businesses have been paying them out of their huge profits and have not been able to pass them on to consumers so far.
  • Mitch Vexler: “Real Estate Taxes Have Become a Ponzi Scheme of Biblical Proportions”
    Tuesday, July 1, 2025 from Peak Prosperity
    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.
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