Economy

Taylor Swift is single-handedly giving a boost to hotel industry revenue

Taylor Swift is providing a gold rush for the hotel industry. The “Cruel Summer” singer’s attention-grabbing “Eras” tour has pushed…

‘Very stupid’: Italy’s bank tax remains controversial as government scrambles to update it

Italy’s shock tax on banks continues to prove controversial, even as the government insists it can improve it. Europe’s main…

Black unemployment rate declines in August, even as it rose across the board

The unemployment rate for Black workers slipped in August, bucking the broader trend of a higher overall jobless rate. The…

Here’s where the jobs are for August 2023 — in one chart

The August jobs report was another sign that the U.S. labor market is cooling off, though some of the sectors…

Unemployment rate unexpectedly rose to 3.8% in August as payrolls increased by 187,000

The unemployment rate rose sharply in August, as the summer of 2023 neared a close with a job market in…

Taylor Swift, Beyoncé and ‘Barbenheimer’ are lifting consumer spending this quarter. But Morgan Stanley says it may not last

Consumer spending may not be out of the woods. Real spending is expected to come in 1.9% higher in the…

U.S. job growth slowed sharply to 177,000 in August, below expectations, ADP says

Job creation in the United States slowed more than expected in August, according to ADP, a sign that the surprisingly…

American workers are demanding almost $80,000 a year to take a new job

The amount of money most workers want now to accept a job reached a record high this year, a sign…

Retail sales increased 0.7% in July, better than expected as consumer spending is holding up

Consumer spending held up well in July as inflation slowed, with retail sales turning in a stronger-than-expected showing for the…

Russian ruble slumps to near 17-month low, briefly moves past 100 against dollar

The Russian ruble briefly notched 100 to the U.S. dollar on Monday, nearing a 17-month low as President Vladimir Putin‘s economic advisor blamed loose monetary…