Factories shutting down. A wave of job losses and few open positions. Huge financial losses that batter most industries. So what is happening, and where could we be headed? The answer to both questions could be found in the country’s stockrooms. Breaking it down: US GDP for the second quarter fell at an annualized rate
Tag: economy
Every modern president has stretched the truth now and then, and the media loved to torch Trump nearly every other day for lying. But Biden’s routine misstatements about money and the economy seem to go unchallenged. In recent months, as the economy has slipped into a soft recession and with inflation at 9.1 percent the
Over the past 60 years, the type of work Americans do has undergone a dramatic shift. Back in the 1950s and 1960s, nearly a third of people worked in manufacturing — building the cars, airplanes, washing machines, and televisions that their neighbors used and that defined America. Nowadays, more than 80% of Americans work in
A photo taken on July 18, 2022 shows a puddle of water amid the nearly dried-up river bed of the Rhine in Cologne, western Germany, as many parts of Europe experience a heatwave. Ina Fassbender | AFP | Getty Images The water levels in a crucial waterway in Europe’s economic heartland are running dangerously low
The outlook for the global economy has “darkened significantly” in recent months, the head of the IMF has warned, and the world faces an increasing risk of recession in the next 12 months. The commodity price shock from the war in Ukraine had exacerbated the cost-of-living crisis for hundreds of millions of people, Kristalina Georgieva
The numbers are in: Red states are winning the post-COVID economic realignment, reports the Wall Street Journal, and blue states are losing. The overall share of US jobs in red states has jumped more than half a percentage point since February 2020. And red states as a group have not only won back all their
China’s exports surged by 16.9% in May from a year ago, two times faster than analysts expected. Pictured here on June 15, 2022, are workers in Jiangsu province making stuffed toy bears for export. Si Wei | Visual China Group | Getty Images BEIJING — Chinese businesses ranging from services to manufacturing reported a slowdown
NEWYou can now listen to Fox News articles! The New York Times published a new episode of “The Ezra Klein Show” on Friday featuring an interview with Rana Foroohar, CNN’s global economic analyst and a Financial Times columnist. In the interview, Foroohar called for a ‘kinder’ and more environmentally friendly economy, and said inflation must
NEWYou can now listen to Fox News articles! Former Microsoft CEO Steve Ballmer, founder of USAFacts, joined “Special Report” on Monday to react to the state of the U.S. economy. USAFacts provides what it calls a non-partisan “data-driven portrait of the American population, US governments’ finances, and governments’ impact on society.” In that regard, Ballmer