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Sep 30, 2022
In 2021, Gautam Adani was not on the top 10 list of the world's richest people. But in 2022, the Indian billionaire settled in behind Jeff Bezos and Bernard Arnault as No. 4.
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Sep 30, 2022
The personal consumption expenditures price index excluding food and energy rose 0.6% for the month after being flat in July.
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Sep 29, 2022
Initial filings for unemployment claims fell last week to their lowest level in five months, a sign that the labor market is strengthening.
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Sep 29, 2022
Erdogan doubled down on his controversial monetary plan on Thursday, saying that he told central bank decision-makers to continue lowering rates.
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Sep 28, 2022
The financial market turmoil resulting from the U.K. government's spending plan "suggests incompetence," according to billionaire investor Ray Dalio.
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Sep 27, 2022
Former U.S. Treasury Secretary Larry Summers said there were "hallmark" signs that the U.K.'s credibility had been lost.
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Sep 25, 2022
The 15% minimum tax would impact around 78 companies, according to 2021 financial data, with Berkshire and Amazon paying the most.
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Sep 25, 2022
Raphael Bostic, the president of the Federal Reserve Bank of Atlanta, signaled optimism for the Fed's policies to temper inflation.
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Sep 22, 2022
The Bank of England voted to raise its base rate to 2.25% from 1.75% Thursday, lower than the 0.75 percentage point rise that had been expected by many traders.
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Sep 21, 2022
Ukraine's counteroffensive, which has seen vast swathes of Russian-occupied territory get recaptured, could be compounding Russia's economic troubles.
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Sep 16, 2022
Hispanic workers have been disproportionately affected by past recessions, and the next one will likely be no different, according to Wells Fargo.
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Sep 15, 2022
The economy is on the brink of a serious downturn if the Fed doesn't pump the brakes on its rate hikes, billionaire CEO Barry Sternlicht said.
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Sep 15, 2022
Advance retail sales for the month increased 0.3% from July, better than the Dow Jones estimate for no change.
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Sep 14, 2022
The producer price index, a gauge of prices received at the wholesale level, declined 0.1%, according to a Bureau of Labor Statistics report.
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Sep 13, 2022
Rather than fuel, it was food, shelter and medical services that drove costs higher in August, slapping a costly tax on those least able to afford it.
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Sep 13, 2022
The consumer price index for August was expected to decrease 0.1% from the previous month and increase 8% from a year ago, according to Dow Jones.
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Sep 13, 2022
The U.S. Federal Reserve could be forced to pivot away from its path of aggressive interest rate hikes in three stages, according to author Nomi Prins.
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Sep 12, 2022
Respondents to the New York Fed survey indicated they expect the annual inflation rate to be 5.7% a year from now.
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Sep 05, 2022
"We're coming out of an extraordinary period that's not been seen before in history," Moody's William Foster told CNBC.
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Sep 02, 2022
Quiet quitting, an anti-hustle culture trend, is growing more popular, especially among Gen Zers, with some experts seeing a link to the Great Resignation.
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Sep 02, 2022
The August jobs report showed the U.S. unemployment rate rise across the board. Black workers' labor force participation fell during that time.
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Sep 02, 2022
The August jobs report showed the U.S. unemployment rate rise across the board. Black workers' labor force participation fell during that time.
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Sep 02, 2022
Top historian Niall Ferguson warned Friday that the world is sleepwalking into an era of political and economic upheaval akin to the 1970s — only worse.
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Sep 02, 2022
Professional and business services and health care were bright spots for the labor market in August.
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Sep 02, 2022
Nonfarm payrolls were expected to increase 318,000 in August, according to Dow Jones estimates.
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Sep 02, 2022
Nonfarm payrolls were expected to increase 318,000 in August, according to Dow Jones estimates.
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Sep 01, 2022
Claims totaled 232,000 for the week ended Aug. 27, a decline of 5,000 from the previous period and the lowest since June 25.
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Aug 31, 2022
Private payrolls grew by just 132,000 for the month, a deceleration from the 270,000 gain in July, the firm said in its monthly payroll report.
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Aug 30, 2022
Available positions totaled 11.24 million for the month, well in excess of the 10.3 million FactSet estimate, according to the JOLTS report.
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Aug 29, 2022
"The problem we have is that the [Fed Chair Jerome Powell] does not understand ... what the causes of inflation are and were," said the Johns Hopkins professor.
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Aug 26, 2022
Federal Reserve Chair Jerome Powell speaks at the central bank's Jackson Hole, Wyoming, economic symposium on Friday, after the release of key inflation data.
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Aug 24, 2022
Edmund S. Phelps discusses the need to reboot US growth and productivity and cool current economic demand.
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Aug 19, 2022
While overall inflation remains high, the prices of some common items are beginning to tick down.
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Aug 19, 2022
Facing soaring energy bills, rising costs and rapidly declining consumer purchasing power, small businesses across the U.K. are struggling to make ends meet.
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Aug 18, 2022
Jobless claims totaled 250,000 for the week ended Aug. 13, down 2,000 from the previous week and below the 260,000 Dow Jones estimate.
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Aug 17, 2022
Topic: RobocarsTags: forbesFrom the earliest days, one of the most common questions was "What happens when the cops want to pull over a robocar or give it a ticket?" We find out a real answer in a video of SFPD stopping an empty Cruise robotaxi on the streets of San Francisco.
It wasn't actually that much of a mystery, and the major teams all have detailed first responder training and plans in place, and it happened here. This was a very rare case where it actually made sense to pull over this car, which was driving at night without its lights on, which is unsafe.
See all the details and analysis in my Forbes site story at:
We find out what happens when SF Police pull over an unmanned Cruise robocar
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Aug 15, 2022
The Fed's path to bringing down inflation while keeping the economy from a downturn is still open but getting narrower, according to Goldman Sachs.
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Aug 12, 2022
With Americans already paying huge bills for food, energy and a host of other items in their daily lives, any respite is a welcome one.
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Aug 11, 2022
The producer price index, which gauges the prices received for final demand products, fell 0.5% from June.
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Aug 10, 2022
If inflation has been the biggest threat to U.S. economic growth, then July's data should provide signs that there's at least some relief in the pipeline.
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Aug 10, 2022
Topic: RobocarsTags: forbesFrom the earliest days, one of the most common questions was "What happens when the cops want to pull over a robocar or give it a ticket?" We find out a real answer in a video of SFPD stopping an empty Cruise robotaxi on the streets of San Francisco.
It wasn't actually that much of a mystery, and the major teams all have detailed first responder training and plans in place, and it happened here. This was a very rare case where it actually made sense to pull over this car, which was driving at night without its lights on, which is unsafe.
See all the details and analysis in my Forbes site story at:
We find out what happens when SF Police pull over an unmanned Cruise robocar
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Aug 08, 2022
Global food prices slid in July, but there are doubts over whether the good news will last as, among other things, the Russia-Ukraine grain deal appears shaky.
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Aug 08, 2022
The consumer outlook for inflation tumbled in July amid a sharp drop in gas prices and a belief that the surges in food and housing also would ebb.
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Aug 08, 2022
The consumer outlook for inflation tumbled in July amid a sharp drop in gas prices and a belief that the surges in food and housing also would ebb.
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Aug 08, 2022
Brits are using cash as a way to manage their budgets as inflation in the country is expected to peak at over 13% in October.
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Aug 06, 2022
Federal Reserve Governor Michelle Bowman said Saturday she supports the central bank's recent big rate increases and believes they should continue.
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Aug 05, 2022
You'd be hard-pressed now to find a recession in the rearview mirror. What's down the road, though, is another story.
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Aug 05, 2022
Black workers saw a rise in unemployment last month even as the headline number declined.
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Aug 05, 2022
There was an appetite for workers particularly in the service sector, which has been grappling with labor shortages.
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Aug 05, 2022
Nonfarm payrolls were expected to increase 258,000 in July, according to Dow Jones estimates.
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Aug 05, 2022
Are we in a recession? A former chief economist at the U.S. Department of Labor and a former chair of the White House Council of Economic Advisers weigh in.
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Aug 05, 2022
The average cost of a pint of beer in the U.K. has soared by 70% since 2008 — well ahead of inflation.
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Aug 04, 2022
Because of the Covid pandemic, 2020 was an epoch-changing year. Much like the 9/11 terrorist attacks in 2001, the full effects won't be understood for years.
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Aug 04, 2022
Initial claims for unemployment insurance were expected to total 260,000 for the week ended July 30, according to Dow Jones estimates.
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Aug 04, 2022
Are we in a recession or are not? If not, is one on the way? CNBC's Emily Lorsch breaks down both sides of the argument and why it's debatable.
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Aug 03, 2022
If the U.S. economy is in recession, someone forgot to tell the jobs market.
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Aug 03, 2022
The economy has shifted so abruptly in 2022 that most of the big employment trends from the Covid era have reversed, creating major challenges for employers.
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Aug 03, 2022
St. Louis Fed President James Bullard said the central bank will continue raising rates until it sees compelling evidence that inflation is falling.
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Aug 02, 2022
The job market continued to post strong numbers in June despite growing concerns about an economic recession.
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Aug 02, 2022
The Federal Reserve still has a lot of work to do before it gets inflation under control, San Francisco Fed President Mary Daly said Tuesday.
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Aug 02, 2022
The Federal Reserve still has a lot of work to do before it gets inflation under control, San Francisco Fed President Mary Daly said Tuesday.
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Aug 02, 2022
Household debt climbed past $16 trillion in the second quarter, as soaring inflation pushed up housing and auto balances.
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Aug 02, 2022
Job openings plunged in June to their lowest level since September 2021 in a potential sign that a historically tight labor market is starting to loosen.
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Aug 01, 2022
Home price gains are cooling fast, as demand wanes and still-tight supply builds.
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Jul 31, 2022
Neel Kashkari, president of the Federal Reserve Bank of Minneapolis, told CBS' "Face the Nation" that inflation poses a larger threat than a potential recession.
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Jul 29, 2022
Topic: Going GreenRobocarsTags: forbes
It is common to see plans for EV charging which are still bound up in "gasoline thinking" where people treat an EV like a car with a tank you empty and then fill up while empty, waiting. In fact, if you do EV charging right, you always do it while you are doing something else, so it takes zero time from your day.
In this new article and video, I outline how that works and prescribe a plan for charging based on putting it in the places where people park for the right periods of time, with sleep and work being the huge #2 and the #3. Then I outline where fast (40 minute fill-up) charging goes. Sadly, too much charging is planned for other reasons, by people who don't drive EVs or still do gasoline thinking.
Of course there is a robocar component which comes in at #1 -- the car that is just magically always charged.
I also discuss a very important realization when it comes to charging. Unlike gasoline, which is a commodity, electrical energy is not so much a product that you buy by the kwh,
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Jul 29, 2022
Growth in the euro zone beat expectations for the second quarter, coming in at 0.7%.
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Jul 28, 2022
Treasury Secretary Janet Yellen said Thursday the U.S. economy is in a state of transition, not recession, despite two consecutive quarters of negative growth.
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Jul 28, 2022
At a time when many consumers may have forgotten what deflation is, Wingstop said it's reaping the benefits of lower chicken wing prices.
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Jul 28, 2022
Treasury Secretary Janet Yellen speaks at a news conference on Thursday afternoon, following the release of second-quarter GDP data.
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Jul 28, 2022
The GDP report brought the economy in line with a common definition of recession. But we won't know for sure if it officially becomes one at least for months.
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Jul 28, 2022
Topic: Going GreenRobocarsTags: forbes
It is common to see plans for EV charging which are still bound up in "gasoline thinking" where people treat an EV like a car with a tank you empty and then fill up while empty, waiting. In fact, if you do EV charging right, you always do it while you are doing something else, so it takes zero time from your day.
In this new article and video, I outline how that works and prescribe a plan for charging based on putting it in the places where people park for the right periods of time, with sleep and work being the huge #2 and the #3. Then I outline where fast (40 minute fill-up) charging goes. Sadly, too much charging is planned for other reasons, by people who don't drive EVs or still do gasoline thinking.
Of course there is a robocar component which comes in at #1 -- the car that is just magically always charged.
I also discuss a very important realization when it comes to charging. Unlike gasoline, which is a commodity, electrical energy is not so much a product that you buy by the kwh,
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Jul 27, 2022
Economists are forecasting the economy barely grew in the second quarter, and some expect that it actually contracted.
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Jul 27, 2022
The Federal Open Market Committee released its post-meeting statement Wednesday on what it will be doing with interest rates.
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Jul 27, 2022
The decline in sales coincided with mortgage rates soaring to over 6% last month.
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Jul 27, 2022
Mortgage demand continues to drop, even though interest rates have come down slightly from recent highs.
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Jul 26, 2022
The nation's homebuilders are now experiencing a slowdown in sales and an increase in supply.
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Jul 26, 2022
Officially, the NBER defines recession as "a significant decline in economic activity that is spread across the economy and lasts more than a few months."
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Jul 26, 2022
Home prices in May were 19.7% higher compared with the same month last year, according to the S&P CoreLogic Case-Shiller National Home Price Index.
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Jul 25, 2022
With second-quarter GDP data due out Thursday, the question of whether the economy is in recession will be on everyone's mind.
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Jul 22, 2022
Most company leaders say they've managed to navigate difficult times spurred by inflationary pressures at their highest level in more than 40 years.
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Jul 22, 2022
There are signs of shipping disruptions easing but movements in demand and inflation will continue to threaten supply chains.
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Jul 21, 2022
Initial claims for unemployment insurance were expected to total 240,000 for the week ended July 16, according to Dow Jones estimates.
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Jul 20, 2022
The pain in the mortgage market is only getting worse amid higher interest rates and inflation in the overall economy.
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Jul 20, 2022
The median price of an existing home sold in June set yet another record at $416,000, an increase of 13.4% year over year.
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Jul 19, 2022
The term draws on the concepts of "onshoring" and "nearshoring," which refer to the transferring of supply chains back home or closer to home.
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Jul 18, 2022
China's holdings of U.S. debt have fallen below $1 trillion for the first time in 12 years. Rising rates have made Treasurys potentially less attractive.
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Jul 15, 2022
Advance retail sales were expected to increase 0.9% in June, according to Dow Jones estimates.
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Jul 14, 2022
The producer price index, a measure of the prices received at the wholesale level, increased 11.3% from a year ago.
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Jul 13, 2022
The consumer price index, soared 9.1% from a year ago, above the 8.8% Dow Jones estimate.
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Jul 13, 2022
A Fed survey pointed to elevated recession fears along with a belief that soaring inflation will last at least through the end of the year.
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Jul 12, 2022
The odds of the U.S. economy falling into recession by next year are greater than 50%, TD Securities said Monday, outlining three possible ways it could get hit.
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Jul 11, 2022
Consumers' inflation expectations over the next year hit record highs, though the outlook over the longer term grew a little more optimistic.
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Jul 08, 2022
June's big payroll jump helped clear away some of those recession clouds for a U.S. economy that nonetheless faces some stormy weather ahead.
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Jul 08, 2022
The U.S. unemployment rate fell for Black women last month, but labor force participation also slipped for the group.
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Jul 08, 2022
Nonfarm payrolls were expected to increase by 250,000 in June, according to Dow Jones estimates.
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Jul 07, 2022
The Fed is well on its way to another sharp interest rate hike in July and perhaps September as well, even if it slows the economy.
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Jul 07, 2022
Goldman sliced its outlook for second-quarter GDP to an annualized gain of just 0.7%, down from the previous expectation of a 1.9% increase.
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Jul 06, 2022
Members said the July meeting likely also would see another 50 or 75 basis point move on top of a 75 basis point increase approved in June.
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Jul 04, 2022
Raising interest rates to tame demand isn't the right solution, as high prices have been driven mainly by supply chain shocks, one analyst said.
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