Economy

Organised labour’s solidarity with Palestine stands in stark contrast to the trade unions of the country’s industrial heyday when New York City construction workers famously attacked students protesting the Vietnam War. Bill Fletcher, a labour union activist, author and talk show host, told Al Jazeera that the politics of this generation of…

Office owners are holding their collective breath as tens of billions of dollars of distress put them in a bind.More than $38 billion worth of office buildings in the country are at risk of default, foreclosure or another form of distress, the Wall Street Journal reported, as determined by data firm MSCI. That’s the most distress the sector has…

Republican presidential candidate former President Donald Trump speaks to guests during a rally at Clinton Middle School on January 06, 2024 in Clinton, Iowa. Scott Olson | Getty Images News | Getty ImagesThe presumptive Republican presidential nominee has repeatedly pledged to hike tariffs, cut taxes and encourage cheap money policy if he wins…

    Putting the final touches on my quarterly RWM client call, I wanted to share a chart that is surprising to many people. The above shows changes in the BLS Average Hourly Earnings and Consumer Price Index since the Pandemic blew up in February 2020. What seems to surprise people: On average, U.S. wages have outpaced inflation since 2020.1…

The massive volumes of debt piling up around the globe forced the president of the World Economic Forum to reach back more than 200 years for a comparable period. In an interview Sunday with CNBC at a WEF conference in Saudi Arabia, Borge Brende warned overall debt is approaching the world’s total economic output. “We haven’t seen this…

HAVANA (AP) — Alejandro Fonseca stood in line for several hours outside a bank in Havana hoping to withdraw Cuban pesos from an ATM, but when it was almost his turn, the cash ran out.He angrily hopped on his electric tricycle and traveled several kilometers to another branch where he finally managed to withdraw some money after wasting the…

Stay informed with free updatesSimply sign up to the US inflationmyFT Digest -- delivered directly to your inbox.US inflation rose to 2.7 per cent in the year to March, another sign that price pressures remain stubbornly high, complicating the Federal Reserve’s plan to cut interest rates this year.Friday’s data on personal consumption…

Politics By Josh Christenson Published April 25, 2024, 3:06 p.m. ET Donald Trump’s presidential campaign warned Thursday that “stagflation is a real possibility” under President Biden after economic data showed America’s real Gross Domestic Product (GDP) increased by just 1.6% in the first three…

The U.S. economy likely expanded at a solid pace in the first three months of the year and perhaps even better than Wall Street expects, while still below the robust level at the close of 2023. Gross domestic product, the sum of all goods and services produced across the sprawling U.S. economy, is expected to post a 2.4% annualized growth rate…

(Bloomberg) -- Argentina’s economy slumped for a fourth straight month in February as President Javier Milei’s economic shock therapy plan took hold.Most Read from BloombergEconomic activity fell 3.2% in February from a year ago, less than expectations for a 6% drop, according to analysts surveyed by Bloomberg. On a monthly basis, activity…