U-Haul hiring sign offering to get paid today and a bonus in New Brighton, Minnesota.Michael Siluk | Universal Images Group | Getty ImagesPrivate payroll growth tailed off sharply in September, according to an ADP report Wednesday that provides a counterweight to other signs that the labor market is still...
The growth of artificial intelligence soon could have some big implications for the labor market, according to Morgan Stanley. Analyst Brian Nowak estimates that the AI technology will have a $4.1 trillion economic impact on the labor force — or affect about 44% of labor — over the next...
An economic indicator the Federal Reserve favors as an inflation gauge rose less than expected in August, showing that the central bank's fight against higher prices is making progressThe personal consumption expenditures price index excluding food and energy increased 0.1% for the month, lower than the expected 0.2% gain...
Washington, D.C. - March 17, 2023: President Joe Biden and House Speaker Kevin McCarthy speak outside the Annual Friends of Ireland Luncheon at the U.S. Capitol.Drew Angerer | Getty Images News | Getty ImagesThe U.S. is in a weaker position now than when S&P downgraded its sovereign credit rating...
Jamie Dimon, Chairman of the Board and Chief Executive Officer of JPMorgan Chase & Co., speaks during the event Chase for Business The Experience - Miami hosted by JP Morgan Chase Bank for small business owners at The Wharf in Miami, Florida, U.S., February 8, 2023.Marco Bello | ReutersJPMorgan...
Jamie Dimon, Chairman of the Board and Chief Executive Officer of JPMorgan Chase & Co., gestures as he speaks during an interview with Reuters in Miami, Florida, U.S., February 8, 2023. Marco Bello | ReutersJPMorgan Chase & Co. CEO Jamie Dimon says geopolitics after Russia's invasion in Ukraine is the...
Surging prices for soft commodities, from orange juice to live cattle, are complicating the inflation picture. A host of agricultural commodities have climbed in recent months, driven by weather-related damage and rising climate risks around the globe, resulting in tighter supplies. The higher prices add another layer of pain...
It is a make-or-break moment for China's relationship with the European Union, as the bloc's trade chief asks for more openness and fairness from Beijing."We stand at a crossroads. We can choose a path towards mutually beneficial relations. One which is based on open, fair trade and investment, and...
Frederic J. Brown | AFP | Getty ImagesCredit card companies are racking up losses at the fastest pace in almost 30 years, outside of the Great Financial Crisis, according to Goldman Sachs.Credit card losses bottomed in September 2021, and while initial increases were likely reversals from stimulus, they have...
The FED: US Federal Reserve, Washington DCUschools | E+ | Getty ImagesA looming government shutdown could prevent the Federal Reserve from raising rates in November, but not for the reason you might think, according to Bank of America.Not only would the shutdown potentially slow down the economy and make...