Economy Industry News
A collection of Economy latest news, analysis and best practices from top business influencers and the world's most trustworthy sources.
Resisting the Hot Reservation Economy
Getting into restaurants in New York City isn't all that different from the college admissions process. You have your Harvards, Yales and Columbias — your Polo Bars, Carbones and Rao'ses — and the admission rate is terribly low. Not…
ALEX2: Roadmap to the Bitcoin Economy
The vision of ALEX is to build financial services on the most decentralized and secure blockchain, which is Bitcoin. Through smart contract settlement on Bitcoin we will be ahead of traditional finance, as we'll have minimal counterparty risk and…
Fed's Powell to Take WSJ Questions on Inflation and Economic Outlook
Federal Reserve Chairman Jerome Powell is set to take questions Tuesday on the U.S. economic outlook and its implications for the labor market, inflation and central-bank policies. Mr. Powell, who was confirmed to a second four-year term last week…
US to ease a few economic sanctions against Venezuela
CARACAS, Venezuela — The United States government is moving to ease a few economic sanctions on Venezuela in a gesture meant to encourage resumed negotiations between the U.S.-backed opposition and the government of President Nicolás…
What Is the Federal Reserve's Role in the Economy? Bernanke Knows.
The Federal Reserve From the Great Inflation to Covid-19 The world has confronted two acute crises in the past 15 years. In 2007, a housing bubble in the United States brought on the worst financial panic since the Great Depression. In 2019, a…
Crypto crash: What would it mean for the U.S. economy?
The cryptocurrency market's near-$2 trillion loss in value forces a difficult question: Could crypto trigger a broader economic slowdown? It's a concern that highlights the uncertainty inherent in a market that by many measures is still in its…
Wayfair Freezes Hiring for 90 Days Citing Economic Uncertainty
E-commerce marketplace Wayfair Inc. said it's freezing corporate hiring for 90 days, the latest pandemic winner to pause its plans for growth as businesses fret over a slowing economy. Wayfair is in a “strong position,” a spokesperson…
U.S. Economy Is Headed for a Downturn, Wells Fargo CEO Says
Wells Fargo & Co. CEO Charlie Scharf said Tuesday there was “no question” that the U.S. is headed for an economic downturn. The Federal Reserve has raised rates twice this year and plans to keep doing so, part of its bid to cool the…
What should we learn from the economic policy response to COVID-19?
The COVID-19 pandemic posed an extraordinary threat to the economy. In the U.S., the COVID-19 downturn was sharp, but the ensuing economic recovery was faster and stronger than nearly any forecaster anticipated. What was the effect of the economic…
The Tories are trying to blame the Bank of England for our economic crisis
Viewers of the Treasury Select Committee's evidence session yesterday were treated to the uncomfortable spectacle of MPs trying to persuade officials from the Bank of England that the imminent arrival of double-digit inflation and a global economic…
Japan's Economy Shrank 1 Percent as Consumers Fled Covid
TOKYO — Last December, after two years of stop-and-go growth, Japan's economic engine seemed like it might finally be revving up. Covid cases were practically nonexistent. Consumers were back on the town, shopping, eating out, traveling. The…
Age of innovation: The 50-plus economy as an engine of growth
By submitting this form you are agreeing to The Economist Events contacting you by email, telephone or post. You will also receive our EIU (Economist Intelligence Unit) Perspectives newsletter. By registering, for this webinar, you are…
Economic distress lifts stigma of discussing money troubles
Some state assistance is available but those struggling may find more value in practical help from friends Receive free Personal Finance Advice & Comment updates We'll send you a myFT Daily Digest email rounding up the latest Personal Finance…
State of a rentier economy
IT is not for the first time that the country has been on the brink of a financial collapse. We have been many times in the proverbial ICU in the past and have been resuscitated, of course with some outside help. It's no different this time as we…
The Crypto Loan Economy
Overcollateralized lending is one of the most popular forms of loan in crypto. It is a great option for individuals in need of exposure to new assets without selling their current position. However, a question arises: in a world plagued by income…
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