Tag: economy

Topline The unemployment rate unexpectedly rose last month as the economy added another 315,000 jobs—signaling the labor market, which has remained one of the economy’s strongest pillars during the pandemic ...

U.S. Sen. Elizabeth Warren took aim at the Federal Reserve’s inflation-fighting game plan on Sunday, saying she was worried the central bank will tip the US economy into a recession. ...

Mankind must rely on oil and gas “in the short term” or “civilization will crumble,” Elon Musk told reporters Monday at an energy conference in Norway—a striking statement from the ...

Topline Though they had recently cooled, fears of an impending recession once again escalated Friday after Federal Reserve Chair Jerome Powell warned economic growth will suffer as the central bank ...

Recession talk is everywhere, especially in the housing sector, as recent data on weaker housing starts and sales compounded by higher mortgage rates signal a slowdown.But that doesn’t necessarily mean ...

The most important step in curbing climate change is to stop burning fossil fuels. But as the economy slowly pivots in that direction, it might be worthwhile to catch the ...

U.S. retail sales were unexpectedly unchanged in July as falling gasoline prices weighed on receipts at service stations, but consumer spending appeared to pick up at the start of the ...

The Ukraine war has supercharged energy costs around the world, sending inflation soaring in virtually every major economy. But a specific convergence of crises this summer means Germany might be ...

The US economy shrank at an annual rate 0.9% from April through June, the Bureau of Economic Analysis estimated on July 28, 2022. It follows a contraction in gross domestic ...

Is a recession inevitable? Will the Federal Reserve cause it? Although superlatives about the U.S. economy have been overused in the wake of the pandemic, it is fair to say ...