Economy

On a hot August day, the lobster roll place across from the Axios office beckons temptingly.State of play: Reader, I caved. Doing so cost me $43.74, for a six-ounce sandwich, after tax and tip. Why it matters: Lobster prices are down this year, but lobster roll prices? Not so much. Instead, they increasingly seem to be generated by a random…

Afghanistan has two anniversaries coming up. Friday is Independence Day, commemorating the signing of the Treaty of Rawalpindi in 1919, in which Britain granted Afghanistan self-determination over its foreign affairs. However, most will be more concerned with Monday, which marks a year since the Taliban regained control. This week also begins…

Traders work on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., October 26, 2023. REUTERS/Brendan McDermid/File Photo Acquire Licensing RightsApple falls on weak quarterly sales forecastBlock surges on annual forecast raiseU.S. job growth weaker than expected in OctIndexes up: Dow 0.44%, S&P 0.68%, Nasdaq 0.63%Nov 3…

A general view of pipelines on the gas storage facility at the gas trading company VNG AG in Bad Lauchstaedt, Germany July 28, 2022. REUTERS/Annegret Hilse/File PhotoRegister now for FREE unlimited access to Reuters.comRegisterBERLIN, Aug 28 (Reuters) - Germany's gas storage facilities are filling up faster than planned, Economy Minister Robert…

There may be an explanation for why the U.S. economy has been remarkably resilient, growing briskly despite high inflation and interest rates.Maybe it isn’t so resilient after all.This week, the Commerce Department revised up its estimate of economic growth in the third quarter to an annual rate of 5.2%. That’s the fastest expansion of the…

An Hour AgoBOJ should shun ultra-loose policy to support yen, Deutsche Bank saysAmong major central banks, the Bank of Japan has been most notorious for its ultra-loose monetary policy, but that must come to an end soon to support the country's currency, according to Deutsche Bank."For the yen to do something meaningfully better you really need…

 MKM Partners chief economist and market strategist Michael Darda reacts to millions of Americans quitting their jobs in June on 'Making Money.' The number of Americans filing for unemployment benefits last week unexpectedly declined, suggesting that demand for employees remains strong amid a continuing labor shortage. Figures released…

The economist dubbed "Great Resignation" of 2022, which saw people voluntarily quitting their jobs in record numbers, is trending back down to normal numbers.This surging of quitting began once the pandemic lockdowns started to subside. The trend peaked last year when an average of 4.2 million Americans quit their job each month — over half a…

Financial markets investors worry the U.S. is on the brink of an economic downturn as central bankers in Jackson Hole reaffirmed their determination to raise interest rates to bring inflation under control.  Steve Hanke, a professor of applied economics at Johns Hopkins University, said that he believes the U.S. is heading…

Comment on this storyCommentAdd to your saved storiesSaveThere’s an economic mystery confounding the White House: Most Americans are financially better off than they were before the coronavirus pandemic, but they feel worse about their economic prospects.Rising prices are largely to blame. New data coming out Tuesday is expected to show that…