Economy Industry News
A collection of Economy latest news, analysis and best practices from top business influencers and the world's most trustworthy sources.
The Knicks Economy and the Actual Economy
This article is for subscribers only. Hello and welcome to the newsletter, a grab bag of daily content from the Odd Lots universe. Sometimes it's us, Joe Weisenthal and Tracy Alloway, bringing you our thoughts on the most recent developments in…
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…
The Economy Is Still Adding Jobs-So Why Does Finding One Feel So Hard?
Companies look to hire new employees at job fair in southern Florida. On paper, the May jobs report delivered another encouraging headline: The U.S. economy added 172,000 jobs, marking the third consecutive month of job gains this year.
Why hiring surged in May despite economic strain from the Iran war
There was surprising strength in the latest jobs report. Employers added 172,000 jobs last month, the third straight month of gains, 93,000 more jobs were added in March and April than previously estimated, and the unemployment rate stayed at 4.3…
'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…
The U.S. Economy Is Proving Remarkably Resilient
One thing you can say about the U.S. economy is that it is remarkably resilient, even if there are some storm clouds on the horizon. The latest U.S. jobs report blew past expectations and showed a gain of 172,00 jobs in May, even though the…
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…
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…
Trump's economic chief says inflation is falling. Data says otherwise
American households are once again feeling the squeeze as inflation, after a period of gradual cooling, is on the ascent, making essential goods like gas and groceries increasingly unaffordable. In April, inflation reached 3.8 percent from a year…
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.
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…
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…
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