Economy

‘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…

Biden kept a Ford EV battery plant from going overseas. But not everyone is happy about it.

MARSHALL, MICH. – On a gusty morning in a quaint central Michigan town, the sun’s glow hits the brightly colored…

Heading into Labor Day weekend, Biden celebrates new job growth

WASHINGTON — President Joe Biden lauded new jobs data out Friday that showed robust growth in the past month. “As…

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…

Stocks making the biggest moves midday: PagerDuty, Dell, Tesla, Broadcom and more

Check out the companies making headlines in midday trading: VMware — The cloud services company slid 2.8%, a day after…

6 things to know about the job market right now: It’s ‘near-perfect,’ economist says

Both jobseekers and policymakers can take solace in the current state of the U.S. job market, according to labor economists.…

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…

Stocks making the biggest moves premarket: Dell, MongoDB, Lululemon and more

Check out the companies making headlines before the bell: Dell Technologies — Dell Technologies surged 10.5% after exceeding analysts’ second-quarter…

‘Really bad economics’: Nobel laureate Joseph Stiglitz explains where the Fed went wrong on inflation

The Federal Reserve “didn’t do their homework” and mischaracterized the spike in inflation that has plagued the U.S. economy over…