In rare sit-down, Nobel Prize–winning economist Peter Diamond sees ‘significant power shift from employers to workers’ underway
admin Peter Diamond, winner of the Nobel Prize in economics in 2010, has shied away from…
Read Moreeconomic performance
Will the economy get worse? Consider raising your credit limit before it does.
Relying on a credit limit in a shaky economy is the equivalent of expecting a…
Read MoreGold heads higher, a day after settling at a more than 2-year low
Gold futures climbed on Friday, after a report on U.S. consumer sentiment showed that inflation…
Read MoreU.K. retail sales fall more than forecast in August as cost-of-living crisis hit spending
Retail sales in the U.K. declined in August as falling households’ real incomes due to…
Read MoreU.S. retail sales rebound as Americans spend more at car dealers and restaurants
The numbers: Sales at U.S. retailers rose 0.3% in August as Americans spent more on…
Read MoreAmazon hit with antitrust lawsuit from California, which claims seller rules are increasing consumer prices
California is suing Amazon.com Inc., claiming the e-commerce giant’s policies for those who sell on…
Read MoreDow turns lower after morning gains as Wall Street struggles to recover from worst selloff in two years
U.S. stock indexes traded slightly lower on Wednesday after shedding morning gains, as data showed…
Read MoreFirst major Wall Street bank to call a U.S. recession says ‘the pessimists will sadly prevail’
Deutsche Bank, which became the first major Wall Street bank to forecast a U.S. recession…
Read MoreU.S. wholesale inflation falls for second month in a row due to cheaper gas
The numbers: The cost of wholesale goods and services fell 0.1% in August largely due…
Read More
Weekend reads: This may cause the next financial crisis
The Federal Reserve invigorated the economy before and during the coronavirus pandemic by purchasing Treasury…
Read More