Economy

Tesla is not the only company reviewing its Europe investment after Biden’s Inflation Reduction Act

Tesla recently announced a strategy shift away from Europe as it seeks to benefit from unprecedented subsidies in the United…

Fed’s Powell heads to Capitol Hill this week, and he’s going to have his hands full

Federal Reserve Chairman Jerome Powell is set to appear before Congress with a tall task: Persuade legislators that he’s committed…

Warren unveils bill to repeal Trump-era bank deregulation she says led to SVB, Signature collapses

WASHINGTON — A group of Democratic senators introduced new legislation Tuesday to repeal Trump-era bank deregulations they say created the…

How China’s shifting growth picture could hit global markets

China’s economy will be forced to recalibrate because of a “fractured” global order, and the new drivers of growth will…

UK government announces spending, tax plans as strike action disrupts schools and travel

U.K. Finance Minister Jeremy Hunt delivered the government’s Spring Budget on Wednesday. In a wide-ranging speech, Hunt said that the…

Private payrolls rose by 242,000 in February, better than expected, ADP says

Companies added jobs at a brisk pace in February as the U.S. labor market kept humming, payroll services firm ADP…

Job openings declined in January but still far outnumber available workers

Job openings declined slightly in January but still far outnumber available workers as the labor picture remains tight, according to…

UK economy rebounds with stronger-than-expected January GDP print

LONDON — The U.K. economy grew by 0.3% in January, official figures showed on Friday, exceeding expectations as it continues…

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

The U.S. labor market surprised to the upside yet again in February, powered by continued strength in the service sectors…

Unemployment for Black and Hispanic women rose in February, but more workers join the labor force

The unemployment rate for Black and Hispanic women rose in February, but so did the number of people looking for…