Economy

Initial unemployment claims likely totaled 200,000 last week to come in below pre-pandemic levels yet again, affirming the labor market's remaining recovery depends not on worker demand, but on supply. The Labor Department will release…
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View of the Hong Kong skyline from Hong Kong Island.Ingo Schulz | imageBROKER | Getty ImagesPrices of Hong Kong's residential properties plunged to a near five-year low as rising interest rates and a mass exodus of expat workers drove…
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Comment on this storyCommentThe cost of gasoline is falling so fast that it is beginning to put real money back in the pockets of drivers, defying earlier projections and offering an unexpected gift for the holidays.Filling up is now as…
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A San Francisco grocery store.David Paul Morris/Bloomberg via Getty ImagesInflation is taking a big bite out of workers' paychecks, eroding many of the raises businesses have offered to attract and keep employees in a hot job market.But…
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Yousef said he has spoken with several friends and other business owners who have been having the same problem. Yousef said he hopes staffing issues across the country improve.“I started working in ’89 as a dishwasher. The past two years…
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Pictured here is a science-fiction themed installation at the Maison Hermes in Shanghai, China, on Nov. 28, 2022.Future Publishing | Future Publishing | Getty ImagesBEIJING — Wealthier Chinese were more inclined to spend this year, while…
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(Bloomberg) -- Global bonds joined US peers in signaling a recession, with a gauge measuring the worldwide yield curve inverting for the first time in at least two decades.Most Read from BloombergThe average yield on sovereign debt…
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As Western governments threaten Russia with a package of unprecedented sanctions aimed at deterring President Vladimir Putin from ordering an invasion of Ukraine, there's one measure in particular that appears to strike fear at the heart…
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This article first appeared in the Morning Brief. Get the Morning Brief sent directly to your inbox every Monday to Friday by 6:30 a.m. ET. SubscribeFriday, January 14, 2021Don’t look now but the supply crisis isn’t getting betterNo,…
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Next month brings the likelihood of a 0.25% interest rate rise from the Bank of England, and possibly two more over the rest of the year, as Threadneedle Street seeks to dampen Britain’s overheating economy.At least that would be the…
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