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  Category: Economy

Economy

Economy

U.S. deficit tops $1.8 trillion in 2024 as interest on debt surpasses trillion-dollar mark

October 22, 20240

The U.S. Treasury building in Washington, D.C., on Aug. 15, 2023.Nathan Howard | Bloomberg | Getty ImagesThe Biden administration rang up a budge...

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Economy

Here’s why inflation may look like it’s easing but is still a huge problem

October 20, 20240

A family shops for Halloween candy at a Walmart Supercenter on October 16, 2024 in Austin, Texas. Brandon Bell | Getty ImagesJust because th...

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Economy

Retail sales rose 0.4% in September, better than expected; jobless claims dip

October 18, 20240

Consumer spending held up in September, underscoring a resilient economy that is now getting a boost from the Federal Reserve, the Commerce Depar...

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Economy

UK economy returns to growth as Labour tees up all-important budget

October 16, 20240

Alexander Spatari | Moment | Getty ImagesLONDON โ€” The U.K. economy returned to growth in August following two consecutive months of stagnation, p...

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Economy

Wholesale prices were flat in September, below expectations

October 15, 20240

A measure of wholesale prices showed no change in September, pointing to a continued easing in inflation, the Labor Department reported Friday.Th...

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Economy

French budget surprises with focus on tax hikes as analysts warn of ratings downgrades

October 14, 20240

France's newly-installed government on Thursday presented a draft budget containing 60 billion euros ($65.6 billion) in tax hikes and spending cu...

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Economy

The Federal Reserve may have pretty much just hit its 2% inflation target

October 12, 20240

Federal Reserve Chairman Jerome Powell arrives to a news conference following the September meeting of the Federal Open Market Committee at the W...

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Economy

Inflation rate hit 2.4% in September, topping expectations; jobless claims highest since August 2023

October 11, 20240

The pace of price increases over the past year was higher than forecast in September while jobless claims posted an unexpected jump following Hur...

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Economy

Hurricane Milton could cause as much as $175 billion in damage, according to early estimates

October 10, 20240

Heavy traffic begins to back up on Interstate 275 South as residents evacuate St. Petersburg, Florida, ahead of Hurricane Milton, U.S., October 7...

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Economy

Here’s where the jobs are for September 2024 โ€” in one chart

October 8, 20240

Getty ImagesThe September jobs report was surprisingly strong, and the details show that growth came from many different areas of the economy.The...

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