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Economy

Private payroll growth slowed to 106,000 in January as weather hit hiring, ADP says

01.02.2023

Job creation in the private sector plunged in January as weather-related issues sent workers to the sidelines, payroll processing firm ADP reported Wednesday. Companies added just 106,000 new workers for …

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Economy

Important wage inflation measure for the Fed rose less than expected in Q4

31.01.2023

Employment costs increased at a slower than expected pace in the fourth quarter, indicating that inflation pressures on business owners are at least leveling off. The employment cost index, a …

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Economy

Euro zone economy posts surprise expansion in the fourth quarter, curbing recession fears

31.01.2023

The latest euro zone growth numbers are out as the ECB considers what to do next. Nurphoto | Nurphoto | Getty Images The euro zone beat expectations on Tuesday by …

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Economy

IMF hikes global growth forecast as inflation cools and household spending surprises

31.01.2023

The IMF has revised its global economic outlook upwards. Norberto Duarte | Afp | Getty Images The International Monetary Fund on Monday revised upward its global growth projections for the …

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Economy

Key Fed inflation measure eased in December while consumer spending also declined

27.01.2023

Consumers spent less in December even as an inflation measure considered key by the Federal Reserve showed the pace of price increases easing, the Commerce Department reported Friday. Personal consumption …

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Economy

U.S. GDP rose 2.9% in the fourth quarter, more than expected even as recession fears loom

26.01.2023

The U.S. economy finished 2022 in solid shape even as questions persist over whether growth will turn negative in the year ahead. Fourth-quarter gross domestic product, the sum of all …

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Economy

Here’s what you need to know about a blockbuster court fight over Cuba’s debt

20.01.2023

A Cuban pilgrim participates in the San Lazaro procession at El Rincon church in Havana, on December 16, 2022. Yamil Lage | AFP | Getty Images Accusations of bribery, an …

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Economy

Federal Reserve Chairman Jerome Powell tests positive for Covid

18.01.2023

Federal Reserve Chairman Jerome Powell has tested positive for Covid-19, the central bank announced Wednesday morning. Powell, 69, is “experiencing mild symptoms,” according to the announcement. “Chair Powell is up …

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Economy

Wholesale prices fell 0.5% in December, much more than expected; retail sales fall

18.01.2023

Prices for wholesale goods and services fell sharply in December, providing another sign that inflation, while still high, is beginning to ease. The producer price index, which measures final demand …

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