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Economics :: Economy

Austin jobless rate drops, tightening labor market’s grip on job growth

mystatesman.com

Austin jobless rate drops, tightening labor market’s grip on job growth

- Austin has one of the tightest labor markets in the country, and some parts of the metro area’s economy appear to be bumping up against the hiring ceiling. While regional employers continue to expand payrolls, especially in industries tied to population growth, some key sectors of the economy have started to see job-creation rates decelerate in the past 18 months. July did little to alleviate the pressure
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Categories: Business |  Life & Style | 
Tags: Markets |  Economy |  Careers |  Joblessness |  Economics | 
Places: Americas |  North America |  United States |  South |  Southcentral US |  Texas |  Travis |  Austin | 

Economic nationalists still linger in White House

reuters.com

Economic nationalists still linger in White House

- WASHINGTON (Reuters Breakingviews) - Economic nationalists still linger in the White House. The departure of Steve Bannon, the chief strategist who advocated protectionist, "America first" policies, represents a plus for the global economy. But other foes of open trade and immigration will continue to try to influence Donald Trump. The centrists’ economic fight waged by National Economic Council director Gary Cohn and others will get easier but it’s not over
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Categories: Politics & Government |  Business | 
Places: North America |  United States | 

Billionaire Ken Langone: Trump’s ‘self-inflicted wound’ on Charlottesville hurts his economic agenda

cnbc.com

Billionaire Ken Langone: Trump’s ‘self-inflicted wound’ on Charlottesville hurts his economic agenda

- President Donald Trump damaged his ability to press his economic agenda by mishandling his response to Saturday's deadly white nationalist rally in Virginia, billionaire GOP businessman Ken Langone told The New York Times. Langone, a supporter of the president's policies aimed at boosting the economy, told the Times, "I had high hopes — the president has blown a great opportunity." "He completely mishandled the situation in Charlottesville
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Categories: Politics & Government |  Business | 
Tags: Politicians |  Economy |  Money |  Wealth |  Economics |  Billionaires |  Donald John Trump | 
Places: Americas |  North America |  United States |  New York |  Charlottesville | 

Survey: Hunger abated after the recession, but not for elderly

concordmonitor.com

Survey: Hunger abated after the recession, but not for elderly

- By PETER WHORISKEY Washington Post Since the recession, many measurements of the U.S. economy improved: The stock market rallied, unemployment fell and the number of Americans worried about getting enough food began to drop. Yet for all that, one important measure has lagged. The proportion of people over 60 deemed to be “facing hunger” – based on their answers to a U
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Categories: Business | 

Wells Fargo’s scandal damaged their credit scores. What does bank owe them?

washingtonpost.com

Wells Fargo’s scandal damaged their credit scores. What does bank owe them?

- Samir Hanef exited his Durham home late last year to find his 2010 Honda Civic missing. The police told the clinical social worker that the car was not stolen, as he thought, but repossessed. Hanef is one of about 20,000 Wells Fargo customers whose cars were allegedly seized in recent years after the bank improperly charged them for auto insurance they did not need, driving some into delinquency
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Categories: Business | 
Places: Americas |  North America |  United States |  Midwest |  West |  North Dakota |  Fargo | 

Getting to the core of global inflation

reuters.com

Getting to the core of global inflation

- LONDON (Reuters) - Stock markets have spent the year rising on bets of a resurgence in inflation, while central bankers trying to manage the global economy have spent the same time repeatedly reassuring everyone it's just around the corner. Policymakers gathering at an annual monetary retreat in Jackson Hole, Wyoming in the coming week no doubt will be collectively pondering why the textbook rule that says low unemployment leads to labor shortages, then higher wages, and then in turn higher inflation, isn't working
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Categories: Business | 
Tags: Economy |  Inflation |  Economics |  Global Economy | 
Places: Americas |  North America |  United States | 

Indonesia's central bank seen holding key rate despite weak consumption

reuters.com

Indonesia's central bank seen holding key rate despite weak consumption

- JAKARTA (Reuters) - Indonesia's central bank is expected to keep its benchmark interest rate unchanged on Tuesday despite sluggish private consumption that is denting economic growth, a Reuters poll showed. In the poll, 19 out of 20 analysts predicted that Bank Indonesia (BI) would hold the 7-day reverse repurchase rate IDCBRR=ECI at 4.75 percent, where it has been since October. The other analyst forecast that BI would cut the key rate by 25 basis points
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Categories: Business | 
Places: United States | 

Dollar slips vs yen, dented by doubts over U.S. policy agenda

reuters.com

Dollar slips vs yen, dented by doubts over U.S. policy agenda

- SINGAPORE (Reuters) - The dollar edged lower versus the yen on Friday, hampered by renewed investor concerns over the Trump administration's ability to push forward its economic policy agenda. News of a deadly attack in Barcelona and speculation on Thursday over the possible departure of White House Economic Adviser Gary Cohn rattled markets, sparking a selloff in U.S. equities and stirring demand for safe haven bonds
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Categories: Business | 
Tags: Markets |  Economy |  Economics |  Currencies |  Currency market |  Yen | 
Places: Americas |  North America |  United States | 

Cleveland Clinic, American Cancer Society cancel plans for galas at Mar-a-Lago

washingtonpost.com

Cleveland Clinic, American Cancer Society cancel plans for galas at Mar-a-Lago

- Two fundraising giants decided to pull their business from President Trump’s Mar-a-Lago Club in Palm Beach on Thursday amid blowback over his comments on Charlottesville’s bloody unrest, signaling a direct hit on the revenues of the president’s business empire. The American Cancer Society, a Mar-a-Lago client since at least 2009, cited its “values and commitment to diversity” in a statement on its decision to move an upcoming charity event
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Categories: Business | 
Tags: Economy |  Economics | 
Places: Americas |  North America |  United States |  Midwest |  East |  Ohio |  South |  Atlantic |  Georgia |  Northeast |  White |  Cleveland |  Cleveland | 

European Central Bank still concerned about low inflation

richmond.com

European Central Bank still concerned about low inflation

- FRANKFURT, Germany (AP) — The European Central Bank's policymakers are still concerned that inflation in the 19-nation eurozone is too low despite an improving economy and seem worried about the strength of the shared euro currency, their last meeting shows. The account of the July 20 meeting, published Thursday, shows the rate-setters noted that market investors seemed overly aggressive in thinking the bank would wind down its stimulus program soon
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Categories: Business | 
Places: United States |  Europe | 

European Central Bank still concerned about low inflation

siouxcityjournal.com

European Central Bank still concerned about low inflation

- FRANKFURT, Germany (AP) — An account of the European Central Bank's last meeting shows its policymakers are still concerned that inflation is too low despite an improving economy. The report of the July 20 meeting, published Thursday, shows the rate-setters also noted that market investors seemed overly aggressive in thinking the bank would wind down its stimulus program soon. Overall, the account shows caution by the ECB about how quickly to signal to investors that they would ease off their bond-buying stimulus program
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Categories: Business | 
Places: United States |  Europe | 

Japan's exports rise in July, underpin strengthening economy

reuters.com

Japan's exports rise in July, underpin strengthening economy

- TOKYO (Reuters) - Japan's exports rose for an eighth straight month in July on robust shipments to the United States and a boost from a weak yen, suggesting the economy is carrying strong momentum through to the second half of the year. The data underscores the Bank of Japan's view the world's third-largest economy is showing increasing signs of strength as private consumption adds momentum to an export-led recovery
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Categories: Business | 
Tags: Markets |  Economy |  Economics |  Exports | 
Places: Americas |  North America |  United States |  Asia |  N.E. Asia |  Japan | 

Fed officials split in July over inflation worries

bostonherald.com

Fed officials split in July over inflation worries

- WASHINGTON — Federal Reserve policymakers were worried last month about inflation, but for two opposing reasons. One group of Federal Reserve policymakers felt inflation was falling too low and argued for caution in raising interest rates. Others expressed concerns that delaying further rate hikes could push inflation higher into dangerous territory. The policy debate was revealed in minutes released Wednesday of the Fed's July 25-26 meeting
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Categories: Business | 
Tags: Economy |  Inflation |  Economics | 
Places: Americas |  North America |  United States | 

Trump disbands economic councils as Charlottesville fallout continues

tennessean.com

Trump disbands economic councils as Charlottesville fallout continues

- The fallout from President Trump's response to the Charlottesville tragedy escalated Wednesday as more prominent CEOs quit advising the White House on economic matters and Trump disbanded his manufacturing and business policy councils. "Rather than putting pressure on the businesspeople of the Manufacturing Council & Strategy & Policy Forum, I am ending both. Thank you all!," Trump. Campbell Soup CEO Denise Morrison and 3M CEO Inge Thulin Wednesday joined a growing list of American chief executives who are leaving the president's manufacturing job council, an advisory group the White House formed this year
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Categories: Business | 
Places: North America |  United States |  South |  Southeast US |  Tennessee | 

Trump disbands economic councils as Charlottesville fallout continues

freep.com

Trump disbands economic councils as Charlottesville fallout continues

- The fallout from President Trump's response to the Charlottesville tragedy escalated Wednesday as more prominent CEOs quit advising the White House on economic matters and Trump disbanded his manufacturing and business policy councils. "Rather than putting pressure on the businesspeople of the Manufacturing Council & Strategy & Policy Forum, I am ending both. Thank you all!," Trump. Campbell Soup CEO Denise Morrison and 3M CEO Inge Thulin Wednesday joined a growing list of American chief executives who are leaving the president's manufacturing job council, an advisory group the White House formed this year
Read More ...

Categories: Business | 
Places: North America |  United States | 

Brazil softens budget deficit goals through 2020

reuters.com

Brazil softens budget deficit goals through 2020

- BRASILIA (Reuters) - Brazil's government loosened its budget targets for all years through 2020 on Tuesday, delaying prospects for a drop in the federal deficit after legislators repeatedly refused to raise taxes in the recession-hit economy. Cost-cutting measures were announced along with the new targets, in a bid to demonstrate President Michel Temer's commitment to fiscal discipline even after his economic team cut forecasts for economic growth next year
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Categories: Business | 
Tags: Economy |  Economics | 
Places: Americas |  United States |  Latin America |  South America |  Brazil | 

Trump tried to save their jobs. These workers are quitting, anyway.

washingtonpost.com

Trump tried to save their jobs. These workers are quitting, anyway.

- INDIANAPOLIS — Kipp Glenn grew tired of standing for eight-hour shifts, assembling steel furnace doors. His knees ached from 25 years on the concrete factory floor. So even after President Trump made his job at Carrier a symbol of American prosperity and vowed to save it, the Indiana native took a buyout. “What we want to call ‘blue-collar jobs’ are on the way out,” he said
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Categories: Business | 
Tags: Economy |  Economics | 
Places: North America |  United States |  Indiana | 

It’s the Economy, Democrats, but Inequality Is Not the Issue

nytimes.com

It’s the Economy, Democrats, but Inequality Is Not the Issue

- Photo ASPEN, Colo. — Is income inequality the defining challenge of our time? Bernie Sanders thinks so. He ran for president as inequality’s most ardent foe. So does Elizabeth Warren, the other champion of the Democratic Party’s left. Even President Barack Obama, in his understated way, seemed to agree. Notably, he engineered perhaps the most aggressive redistribution of income since President Lyndon B
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Categories: Politics & Government |  Business |  Society & Culture | 
Tags: Political Parties |  Economy |  Money |  Society |  Economics |  Inequality |  Income |  Party Politics | 
Places: Americas |  North America |  United States | 

Popular Stories

Economia - United States

  • Wells Fargo’s scandal damaged their credit scores. What does bank owe them?
    Wells Fargo’s scandal damaged their credit scores. What does bank owe them?

    , washingtonpost.com

    Samir Hanef exited his Durham home late last year to find his 2010 Honda Civic missing. The police told the clinical social worker that the car was not stolen, as he thought, but repossessed. Hanef is one of about 20,000 Wells Fargo customers whose cars were allegedly seized in recent years after the bank improperly charged them for auto insurance they did not need, driving some into delinquency
    Read More ...

     

    Categories: Business | 
    Places: Americas |  North America |  United States |  Midwest |  West |  North Dakota |  Fargo | 

Public Policies

  • Survey: Hunger abated after the recession, but not for elderly
    Survey: Hunger abated after the recession, but not for elderly

    , concordmonitor.com

    By PETER WHORISKEY Washington Post Since the recession, many measurements of the U.S. economy improved: The stock market rallied, unemployment fell and the number of Americans worried about getting enough food began to drop. Yet for all that, one important measure has lagged. The proportion of people over 60 deemed to be “facing hunger” – based on their answers to a U
    Read More ...

     

    Categories: Business | 

Inflation

  • Getting to the core of global inflation
    Getting to the core of global inflation

    , reuters.com

    LONDON (Reuters) - Stock markets have spent the year rising on bets of a resurgence in inflation, while central bankers trying to manage the global economy have spent the same time repeatedly reassuring everyone it's just around the corner. Policymakers gathering at an annual monetary retreat in Jackson Hole, Wyoming in the coming week no doubt will be collectively pondering why the textbook rule that says low unemployment leads to labor shortages, then higher wages, and then in turn higher inflation, isn't working
    Read More ...

     

    Categories: Business | 
    Tags: Economy |  Inflation |  Economics |  Global Economy | 
    Places: Americas |  North America |  United States | 

Revenue

Privatisation

  • Former airline industry lobbyist now lobbying for ATC privatization from inside the FAA
    Former airline industry lobbyist now lobbying for ATC privatization from inside the FAA

    , hotair.com

    We’ve been covering the air traffic controller privatization plan being pushed by Pennsylvania GOP Congressman Bill Shuster (and now the Trump administration as well) for some time now. It goes by the name of , or the “21st Century Aviation Innovation, Reform, and Reauthorization Act” or the “21st Century AIRR Act”. None of it looks good. Most recently we learned that the current version of the scheme would hand primary oversight of operations to a “private board,” the members of which would be selected by Airlines for America (AFA), an industry lobbying group representing the airlines and their unions
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    Categories: Business | 
    Places: North America |  United States | 

Economic Outlook

Public Finance

  • Survey: Hunger abated after the recession, but not for elderly
    Survey: Hunger abated after the recession, but not for elderly

    , concordmonitor.com

    By PETER WHORISKEY Washington Post Since the recession, many measurements of the U.S. economy improved: The stock market rallied, unemployment fell and the number of Americans worried about getting enough food began to drop. Yet for all that, one important measure has lagged. The proportion of people over 60 deemed to be “facing hunger” – based on their answers to a U
    Read More ...

     

    Categories: Business |