News
Historically Low Jobless Claims Signal Stable US Labor Market
1+ day, 2+ hour ago (105+ words) Unemployment claims data further support that layoffs remain low as companies refrain from shrinking headcount. Historically Low Jobless Claims Signal Stable US Labor Market The number of Americans filing for unemployment benefits has remained near historically low levels, signaling a…...
Orders Decline, Wages Drop in China's Dongguan, Once a Buzzing Factory Hub, Residents Say
1+ day, 2+ hour ago (151+ words) Dongguan's success was built on a "sweatshop' model that is no longer sustainable, an expert said. Orders Decline, Wages Drop in China's Dongguan, Once a Buzzing Factory Hub, Residents Say Dongguan, a major city in China's Guangdong Province, was once…...
Progressive Taxes May Discourage the Most Productive Work
1+ day, 15+ min ago (271+ words) A real-world example shows taxes eat into marginal income, steering workers toward lower-paying, but more pleasant, jobs. Progressive Taxes May Discourage the Most Productive Work Could income taxes ever encourage someone to switch from a higher-paying to a lower-paying job?...
Global Financial Leaders Warn Advanced AI Could Expose Banking System to Cyber Threats
2+ hour, 32+ min ago (433+ words) Across the Atlantic, central banks and regulators are already testing how such technologies could affect financial stability. Global Financial Leaders Warn Advanced AI Could Expose Banking System to Cyber Threats Senior financial officials from major economies are raising alarms that…...
IMF Warns Australia Set for One of Highest Inflation Rates in Developed World
1+ day, 16+ hour ago (401+ words) Analysts warn Australia's fuel excise cut to soften fuel price hikes was the wrong move. IMF Warns Australia Set for One of Highest Inflation Rates in Developed World The International Monetary Fund (IMF) says Australia is on track to have…...
7-Eleven Plans to Close 645 Locations in North America
1+ day, 20+ hour ago (480+ words) The change comes as the convenient store chain's Japanese parent company navigates a delayed public offering timeline. 7-Eleven Plans to Close 645 Locations in North America 7-Eleven is set to close hundreds of locations across North America during its current fiscal…...
March US Import Prices Rise Below Market Expectations
1+ day, 23+ hour ago (74+ words) Structural inflation continues to hold steady despite the war in Iran driving up energy prices. March US Import Prices Rise Below Market Expectations U. S. import prices rose less than expected last month as inflationary pressures from the war in Iran continue…...
A Half-Century of Household Income
2+ day, 7+ hour ago (434+ words) A few months back, I wrote a piece that touched on a taboo topic, though I did not know it at the time. It generated empirical evidence that confirms an intuition we all have that all is not well for…...
Liberal Government to Table Spring Economic Update at End of Month
2+ day, 16+ hour ago (51+ words) Finance Minister Fran'ois-Philippe Champagne says the government will present an economic update at the end of this month, with the update expected to show how Canada's fiscal position has shifted since the 2025 budget was tabled last fall....
US Annual Inflation Shoots Up to 3. 3 Percent, Highest Level Since May 2024
1+ week, 4+ hour ago (445+ words) The inflation spike was not a surprise, but observers are waiting to see if price pressures will persist. US Annual Inflation Shoots Up to 3. 3 Percent, Highest Level Since May 2024 The U. S. annual inflation rate rose to 3. 3 percent in March, driven almost…...