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- Finance
Workers Vote to Unionize at a Second Trader Joe’s
Workers at a Trader Joe’s in Minneapolis voted on Friday to unionize, adding a second unionized store to the more…
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Democrats Eye a Major Shift in How Corporations Are Taxed
WASHINGTON — At the center of the new climate and tax package that Democrats appear to be on the verge…
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With Surge in July, U.S. Recovers the Jobs Lost in the Pandemic
U.S. job growth accelerated in July across nearly all industries, restoring nationwide employment to its prepandemic level, despite widespread expectations…
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Good News on Jobs May Mean Bad News Later as Hiring Spree Defies Fed
America’s job market is remarkably strong, a report on Friday made clear, with unemployment at the lowest rate in half…
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Despite a strong jobs report, unemployment inched higher for Black workers in July
Commuters arrive at Grand Central station during morning rush hour in New York, Nov. 18, 2021. Jeenah Moon | Bloomberg…
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The Carried Interest Loophole Survives Another Political Battle
WASHINGTON — Once again, carried interest carried the day. The last-minute removal by Senate Democrats of a provision in the…
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The jobs report suggests President Biden is right about a recession.
The strong jobs report was welcome news for President Biden, who has insisted in recent weeks that the United States…
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Meet the number-crunching price ‘nerds’ responsible for calculating Canada’s ghastly inflation rate
Breadcrumb Trail Links FP Economy The drumbeat of grim, inflation statistics doesn’t just simply materialize out of thin air Publishing…
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A job market slowdown is expected as the Federal Reserve taps the brakes.
For months, as inflation has risen and the Federal Reserve has acted aggressively to tamp it down, a question has…
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The great unrest: How 2020 changed the economy in ways we can’t understand yet
National Guard troops pose for photographers on the East Front of the U.S. Capitol the day after the House of…
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Are Canada’s big grocers profiting off inflation? The answer is complicated
Breadcrumb Trail Links Retail & Marketing News FP Economy Dogged by scandal, grocers need to get it right on inflation…
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ASX gives up a strong start to close flat on the day
At the closing bell, the S&P/ASX 200 was 0.01 per cent or 1 points lower at 6974.90. The Dow Jones…
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Stocks of the Hour: Brookside Energy, Anson Resources, American Rare Earths
Brookside Energy (ASX:BRK) provided an update to shareholders today confirming the establishment of commercial production at their Flames Well in…
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These charts show why we may not be in a recession
If the U.S. economy is in recession, someone forgot to tell the jobs market. The employment picture over the past…
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ASX surges higher in broad-based rally: Aus shares up 0.8% at noon
The Australian opened significantly higher on Friday, extending gains from the previous three sessions, following positive cues from US…
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Have shares bottomed, Technical recession, Global inflationary pressures, RBA to hike 0.5%
Dr Shane Oliver, Head of Investment Strategy & Chief Economist at AMP, discusses developments in investment markets over the past…
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INOVIQ (ASX:IIQ) discusses US milestones
INOVIQ Limited (ASX:IIQ) CEO Dr Leearne Hinch discusses recent key announcements, including the appointment of a US sales team, the…
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Canada’s car industry would vanish in a decade without government aid
Article content The automotive industry is in the midst of the largest transition in its history as global carmakers pour…
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Lacklustre gold market in need of a spark
Gold prices continue to drift – down another $US40-50 an ounce since the end of the June quarter when they…
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Australian home price falls accelerated in July, 15-20% top to bottom average fall expected
Dr Shane Oliver, Head of Investment Strategy & Chief Economist at AMP, discusses the trend in falls in average home…
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June home sales fall 5.4% from May, as prices set yet another record
Sales of previously owned homes in June fell 5.4% from May, according to a monthly report from the National Association…
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ASX lower on Taiwanese tension: Aus shares down 0.4% at noon
Asian equities are trading mostly higher Wednesday. Mainland China and Hong Kong opened firmer, joining Japan and South Korea. Taiwan…
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Aussie Broadband drops out of favour
From market darling in 2021 to market pariah so far in 2021 – a familiar experience for tech stocks these…
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The economy is expected to have barely grown last quarter and it may have contracted
Shipping containers are seen at a terminal inside the Port of Oakland as independent truck driver continue protesting against California’s…
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United Malt scotches guidance again
For the second time this year, United Malt Group (ASX:UMG) has cut guidance, a move revealed yesterday that sent the…
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Watch Treasury Secretary Janet Yellen talk live about the state of the U.S. economy
[The stream is slated to start at 1:30 p.m. ET. Please refresh the page if you do not see a…
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There is deflation in some items as Wingstop notes dropping chicken wing prices
Three months ago, Wingstop put a shocker in its earnings release: It was seeing DEFLATION in bone-in chicken wing costs.…
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Laybuy (ASX:LBY) discusses Q1 FY23 results
Laybuy Holdings Limited (ASX:LBY) Co-Founder and Managing Director Gary Rohloff discusses quarterly results, restructuring of the company and outlook. Tim…
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Euro zone economy grows 0.7% in the second quarter despite gas crisis and inflation surge
Growth in the euro zone economy accelerated in the second quarter of the year, but the region’s prospects get hit…
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Pay growth and prices picked up, keeping the Fed on track for rate increases.
Wages, prices and consumer spending all continued to climb, the latest government data showed Friday — fresh evidence that the…
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Fed’s Kashkari says officials are ‘a long way’ from backing off inflation fight.
Neel Kashkari, the president of the Federal Reserve Bank of Minneapolis, suggested on Friday that markets had gotten ahead of…
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Trend-bucking Regional Express flying high
Amid all the airport chaos reported in July, is the strong performance from regional airline Regional Express (ASX:REX) merely a…
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Retail’s ‘Dark Side’: As Inventory Piles Up, Liquidation Warehouses Are Busy
PITTSTON, Pa. — Once upon a time, when parents were scrambling to occupy their children during pandemic lockdowns, bicycles were…
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Canadian job vacancies climb to fresh record, signalling inflation pressure
Breadcrumb Trail Links News FP Economy There were 1,005,700 positions unfilled at the beginning of May — 42% higher than…
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CP Rail profits dip despite boost from potash shipments
Breadcrumb Trail Links Transportation Rail News FP Economy CP’s freight revenue from potash rose by $37 million in the second…
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Household debt tops $16 trillion for the first time, fueled by higher inflation and interest rates
A “For Sale” sign outside a house in Albany, California, US, on Tuesday, May 31, 2022. Homebuyers are facing a…
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ASX reverses early weakness: Aus shares close 0.07% higher
The ASX posted its sixth straight gain on Tuesday. Stocks opened weaker following a small pull back in US…
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Fed’s Daly says ‘our work is far from done’ on inflation; Evans sees ‘reasonable’ chance for smaller hike
Mary Daly, President of the Federal Reserve Bank of San Francisco, poses after giving a speech on the U.S. economic…
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Measuring business uncertainty in developing and emerging economies
Uncertainty about business prospects is a fact of life for any business. When deciding whether to recruit new workers or…
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Job openings fell sharply in June as labor market shows signs of slowing
A man walks past a “We Are Hiring” sign in New York City on July 8, 2022. Angela Weiss |…
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The numbers show the U.S. economy is at least teetering on a recession
Foreman Angel Gonzalez and Anthony Harris, with E-Z Bel Construction, work on pipes along Fredericksburg Road during an excessive heat…
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Biden’s New Economic Scorecard: The Price at the Pump
WASHINGTON — After topping $5 a gallon in June, the price of gasoline has fallen for more than a month.…
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West Coast ports reduce idling vessels as container supply increases
The queue of vessels waiting to unload goods at the Port of Los Angeles, North America’s busiest container port, has…
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Chipotle closes a Maine store, and workers say it’s because of a union drive.
Workers who filed for a union election at a Chipotle in Augusta, Maine, are accusing the company of seeking to…
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June’s jobs report shows warning signs for workers of color
According to the latest Bureau of Labor Statistics (BLS) monthly jobs report, the U.S. economy added 372,000 jobs in June,…
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Carolyn Wilkins to lead review of Reserve Bank of Australia after ‘embarrassing’ forecast
Breadcrumb Trail Links News FP Economy Former BoC deputy charged with examining monetary policy following criticism over handling of inflation…
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Maersk’s struggles to move freight in Canada highlight supply-chain woes
Breadcrumb Trail Links Transportation Rail News FP Economy Congestion at inland rail yards and warehouses in Toronto and Montreal an…
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Inflation expected to top 8%, heralding another supersized rate hike
Breadcrumb Trail Links News FP Economy Data out Wednesday will likely pile more pressure on Bank of Canada Canada’s consumer…
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Indian Rupee Hits Weakest Level Ever Against the Dollar
The Indian rupee touched the weakest level on record against the dollar on Tuesday, another victim of higher energy prices…
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Global Central Banks Ramp Up Inflation Fight
Central bankers around the world are lifting interest rates at an aggressive clip as rapid inflation persists and seeps into…
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