News

World Socialist Web Site
wsws.org > en > articles > 02/14/2026 > txyp-f14.html

AI development and the contradictions of capitalism

3+ hour, 56+ min ago   (1158+ words) At the very centre of the scientific historical materialist method developed by Karl Marx is the understanding that the objective foundations of revolution are to be found in the contradiction between the growth of the productive forces and the social…...

World Socialist Web Site
wsws.org > en > articles > 02/10/2026 > ftit-f10.html

Migros warehouse workers’ struggle continues despite Turkish police pressure and dismissals

3+ day, 15+ hour ago   (442+ words) Thousands of workers employed in warehouses belonging to Migros, one of T'rkiye's leading supermarket chains, have been protesting and staging walkouts since January 23 for wage increases and the right to organize, despite dismissals and detentions. Migros warehouse workers employed by…...

World Socialist Web Site
wsws.org > en > articles > 02/06/2026 > xgpp-f06.html

Layoffs by US firms tripled in January, as mass job cuts accelerate to Great Recession levels

1+ week, 1+ day ago   (644+ words) In 2025, US companies announced more than 1.2 million layoffs, the highest level since 2020, the first year of the pandemic. The figures for the first month of 2026 already indicate that the pace of job destruction is accelerating into the new year. The…...

World Socialist Web Site
wsws.org > en > articles > 02/04/2026 > jgjm-f04.html

Australian interest rate hike hits working-class households

1+ week, 3+ day ago   (1011+ words) Yesterday's decision by the Reserve Bank of Australia (RBA) board to begin lifting interest rates again will severely affect millions of working-class families, shattering whatever remained of the Albanese Labor government's claims to have "turned the corner" in resolving the…...

World Socialist Web Site
wsws.org > en > articles > 02/02/2026 > yvtf-f02.html

Major financial oligarchs helped Kevin Warsh secure Trump’s nomination for Fed chair

1+ week, 5+ day ago   (1057+ words) US President Trump's decision to nominate Kevin Warsh for the post of chairman of the US Federal Reserve, announced on Friday, is the outcome of a protracted balancing act. After denouncing the current Fed chair, Jerome Powell, who steps down…...

World Socialist Web Site
wsws.org > en > articles > 01/29/2026 > uysi-j29.html

Fed maintains rate amid indications further cuts are on hold

2+ week, 2+ day ago   (1119+ words) As expected, the US Federal Reserve kept its interest rate on hold at its meeting yesterday, with all indications that there will be no further rate cuts under chair Jerome Powell before he steps down in May. And there may…...

World Socialist Web Site
wsws.org > en > articles > 01/16/2026 > rdxf-j16.html

Amid conflict over Powell indictment, attention turns to Supreme Court decision on Fed governor Lisa Cook

4+ week, 1+ day ago   (1027+ words) As conflict continues over the legal action via the Department of Justice (DoJ) against Fed chair Jerome Powell, attention is being directed to a Supreme Court hearing next week which could have even more significant implications for the so-called independence…...

World Socialist Web Site
wsws.org > en > articles > 01/14/2026 > tbfq-j14.html

Trump attack on Fed chief sparks deep concern in financial institutions

1+ mon, 3+ hour ago   (1301+ words) The decision by the Trump administration to launch a criminal investigation into Fed chair Jerome Powell through the Justice Department, concerning statements he made to Congress on the cost of renovations to the Fed building, has vast implications for the…...

wsws.org
wsws.org > en > articles > 01/10/2026 > jtlz-j10.html

US labor share of income falls to lowest on record; 2025 jobs figures weakest outside of official recession since 2003

1+ mon, 4+ day ago   (612+ words) The US economy added only 50,000 jobs in December, according to the latest Bureau of Labor Statistics (BLS) figures released Friday. This brings to an end a year which saw a jobs bloodbath against the working class carried out by corporate…...

wsws.org
wsws.org > en > articles > 01/08/2026 > mdyh-j08.html

New Zealand economy “subdued” going into 2026

1+ mon, 6+ day ago   (595+ words) According to a bleak report by New Zealand's Treasury, the country's economy was "suppressed" through much of 2025, with the outlook for 2026 "subdued." Escalating unemployment and wage growth below inflation means the working class is bearing the brunt of the ongoing…...