Economy Industry News
A collection of Economy latest news, analysis and best practices from top business influencers and the world's most trustworthy sources.
Industrials Up as Traders Rotate Into Old Economy Sectors -- Industrials Roundup
Shares of industrial and transportation companies rose as traders rotated into 'old economy' sectors as a semiconductor rally stalled. New weekly jobless claims rose 13,000 to 225,000 in the latest tally, ahead of economists' expectations. Elon…
How Anthropic, OpenAI and Nvidia Are Driving the AI Economy
ILLUSTRATION - 22 October 2025, Mecklenburg-Western Pomerania, Schwerin: Several AI applications can be seen on a smartphone screen, including ChatGPT, Claude, Gemini, Perplexity, Microsoft Copilot, Meta AI, Grok and DeepSeek. The apps are grouped…
'Recession' Review: A Series of Unfortunate Economic Events
Economists have long believed that economies expand and contract in predictable rhythms as expansions run out of steam due to monetary, fiscal and productivity constraints. Recessions follow booms the way hangovers follow parties. Recession: The…
How the economy is really performing as stock market surges
CBS News business analyst Jill Schlesinger joins 'CBS Mornings' to break down how the economy is performing as stocks surge and what you should do if you're looking to invest.
Rate Hikes? In This Economy?
The hot May jobs report added to the inflation concerns that have increasingly fueled Wall Street's bets that rate hikes may be more likely than cuts this year. Futures markets Friday suggested a roughly 58% likelihood of at least one rate hike by…
Trump Seizes on Canada's Economic Weakness in the Midst of Trade Talks
Welcome to Bay Street Edition, our weekly newsletter devoted to what's happening in Canadian finance, covering strategy, deals, people moves and economics. I'm Christine Dobby, Bloomberg's Toronto-based banking reporter, and you'll find me in your…
Sunwing Vacations Stops Cuba Flights as Economic Strains Mount on Island
Sunwing Vacations Group is pulling out of Cuba as the WestJet-owned tour operator cites deteriorating operating environment on the island. The vacation division of WestJet said Friday that it would suspend indefinitely all Cuba operations following…
Opinion | A UK in decline needs to rediscover supply-side economics
I just spent two weeks in a broken Britain, which is an unfortunately apt description for a country that has fallen from its former glory. Its people are funny, witty, creative, intelligent, sports-mad and educated, part of a society that has…
DUH! NY Times RIPS Mamdani for Not Making 'Economic Development' a Top Priority
Apparently, even the most rabid left-wing politicians can draw reality checks from The New York Times when their radical agendas end up leaving their economies in the lurch. Times reporters Dana Rubinstein, Sally Goldenberg, Jeffery C. Mays, and…
US Economy Surprisingly Strong as Employers Added 172,000 Jobs Last Month
WASHINGTON (AP) - U.S. employers added a surprising 172,000 jobs in May as the labor market continued to show resilience in the face of rising costs from the Iran war. The Labor Department reported Friday that job growth was down slightly last…
May jobs report expected to show growth in an economy squeezed by inflation
The jobs report for May, set to be released Friday morning, is expected to show that hiring has remained steady despite growing inflation and energy prices triggered by the ongoing war in Iran. Economists polled by Dow Jones believe that the U.S.
Red hot: Economy beat expectations with 172,000 jobs in May despite Iran energy crunch
Instead, it accelerated, and previous months' job gains were revised up. Dan North, a senior economist with Allianz Trade Americas, told the Washington Examiner that the report is a “pretty strong” indication that the labor market is…
Next Africa: Can An Ebola Economic Shock Be Avoided?
A monthly deep dive into Africa's biggest stories through a Bloomberg lens. Global investors see the continent as one of the top areas for opportunity and growth, and some African nations are well-positioned to be global hubs for development. This…
An economic draft? Drive to get young Neets in the military divides opinion
Young people looking for employment should “really seriously take a look at the armed forces”, according to the veterans minister, Louise Sandher-Jones, and with more than 1 million 16 to 24-year-olds not in education, employment or…
US-China relations loom over economic future
Andrew McDougall, Barclays' group managing director and head of geopolitical risk (Photograph by Jessie Moniz Hardy) The United States-China relationship is a dominant factor that will impact everyone for a generation, a banking executive told the…
Receive a Daily briefing on Economy Industry News
Get Started