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Economies

  • Biden’s $15 Minimum Wage Would Boost Child Care Costs, Hurt Families: Heritage Foundation
    Biden’s $15 Minimum Wage Would Boost Child Care Costs, Hurt Families: Heritage Foundation
    The author of a new study on the effect of increasing the federal minimum wage to $15 says that while the move would boost the incomes of some lower-wage workers, ...
    February 13, 2021BY Tom Ozimek
  • US Jobless Claims Fall Slightly to 793,000 With Layoffs High
    US Jobless Claims Fall Slightly to 793,000 With Layoffs High
    WASHINGTON—The number of Americans seeking unemployment benefits fell slightly last week to 793,000, evidence that job cuts remain ...
    February 11, 2021BY The Associated Press
  • US Weekly Jobless Claims Hover at Higher Levels
    US Weekly Jobless Claims Hover at Higher Levels
    WASHINGTON—The number of Americans filing new applications for unemployment benefits fell slightly last week as the labor market ...
    February 11, 2021BY Reuters
  • US January Budget Deficit Hits Record $163 Billion as New Aid Checks Sent Out
    US January Budget Deficit Hits Record $163 Billion as New Aid Checks Sent Out
    WASHINGTON—The U.S. government posted a budget deficit of $163 billion in January, a record high for the month ...
    February 11, 2021BY Reuters
  • Commerzbank Reports $3.3 Billion Q4 Loss as It Counts Cost of Restructuring, Pandemic
    Commerzbank Reports $3.3 Billion Q4 Loss as It Counts Cost of Restructuring, Pandemic
    FRANKFURT—Germany's Commerzbank reported a $3.3 billion fourth-quarter loss on Thursday, sinking further into the red as it continued ...
    February 11, 2021BY Reuters
  • Nearly Half of UK Exporters Report Difficulties in Post-Brexit Goods Trade
    Nearly Half of UK Exporters Report Difficulties in Post-Brexit Goods Trade
    Nearly half of all British exporters are facing difficulties in the trade of goods following the UK’s exit from ...
    February 11, 2021BY Alexander Zhang
  • GM 2020 Profit Drops but Makes $6.43 Billion, Despite Pandemic
    GM 2020 Profit Drops but Makes $6.43 Billion, Despite Pandemic
    DETROIT—General Motors' profit fell 4.5 percent in 2020, but a strong second half more than offset the effects ...
    February 10, 2021BY The Associated Press
  • New CEO to Cut 8,000 Jobs as Heineken Feels Pandemic Effect
    New CEO to Cut 8,000 Jobs as Heineken Feels Pandemic Effect
    BRUSSELS—Heineken plans to cut about 8,000 jobs, the Dutch beer group said on Wednesday, seeking to restore operating ...
    February 10, 2021BY Reuters
  • GOP Lawmakers Warn Fed Against Greening of US Banking System
    GOP Lawmakers Warn Fed Against Greening of US Banking System
    WASHINGTON—Soon after the November 2020 presidential election, the Federal Reserve declared climate change as a potential threat to ...
    February 9, 2021BY Emel Akan
  • UK Consumer Spending Plunges as New Lockdown Bites: Barclaycard
    UK Consumer Spending Plunges as New Lockdown Bites: Barclaycard
    LONDON—Spending by British consumers plunged in January at the fastest rate in seven months as the country went ...
    February 9, 2021BY Reuters
  • What Recovery? Clothes Retailers Cut Orders While Factories Fight to Survive
    What Recovery? Clothes Retailers Cut Orders While Factories Fight to Survive
    LISBON/DHAKA—Clothes retailers in Europe and America sit on excess inventory and cut back on spring orders. Sourcing agents ...
    February 9, 2021BY Reuters
  • Global Firms Raise $546 Billion in January as SPAC Frenzy Continues
    Global Firms Raise $546 Billion in January as SPAC Frenzy Continues
    Companies raised $546 billion from new bond and share issues in January, as a flood of central bank ...
    February 9, 2021BY Reuters
  • Eurozone Inflation Surges, a Communications Headache for ECB
    Eurozone Inflation Surges, a Communications Headache for ECB
    BRUSSELS—Eurozone consumer inflation rebounded by much more than expected in January, a flash estimate showed on Feb. 3, ...
    February 9, 2021BY Reuters
  • Eurozone Downturn Deepened in January as Lockdowns Hit Services
    Eurozone Downturn Deepened in January as Lockdowns Hit Services
    LONDON—The eurozone’s economic downturn deepened in January as renewed restrictions to quell the spread of the coronavirus hit ...
    February 9, 2021BY Reuters
  • Days Before Coup, IMF Sent Burma $350 Million in Emergency Aid; No Precedent for Refund
    Days Before Coup, IMF Sent Burma $350 Million in Emergency Aid; No Precedent for Refund
    WASHINGTON—The International Monetary Fund sent $350 million in cash to the Burma (also known as Myanmar) government two ...
    February 9, 2021BY Reuters
  • Jeff Bezos Would Owe $2 Billion a Year If Washington Passes Proposed Wealth Tax
    Jeff Bezos Would Owe $2 Billion a Year If Washington Passes Proposed Wealth Tax
    Amazon founder Jeff Bezos, one of the richest men in the world, would owe some $2 billion a ...
    February 9, 2021BY Zachary Stieber
  • Exports From UK to EU Down 68 Percent Since Brexit Trade Deal, Say Hauliers
    Exports From UK to EU Down 68 Percent Since Brexit Trade Deal, Say Hauliers
    LONDON—Exports from Britain to the European Union fell by 68 percent in January as trade was disrupted after ...
    February 7, 2021BY Reuters
  • Vouchers Provide $19 Million Boost to the SA Economy
    Vouchers Provide $19 Million Boost to the SA Economy
    A second round of accommodation vouchers designed to help the tourism sector during the COVID-19 pandemic has provided ...
    February 6, 2021BY AAP
  • 2050 Target May Exclude Agriculture: Deputy PM
    2050 Target May Exclude Agriculture: Deputy PM
    Australia may follow New Zealand in excluding the agriculture sector in its efforts to achieve a net zero ...
    February 6, 2021BY AAP
  • Victorian Govt Backs in ‘Hydrogen Hub’ Based at Swinburne University
    Victorian Govt Backs in ‘Hydrogen Hub’ Based at Swinburne University
    The Victorian government has tipped $10 million into a hub in Melbourne's southeast that will test and improve ...
    February 6, 2021BY AAP
  • Robinhood Lifts Trading Caps on GameStop and Other Stocks
    Robinhood Lifts Trading Caps on GameStop and Other Stocks
    Online brokerage app Robinhood said on Thursday it has removed temporary trading restrictions on all stocks, including GameStop ...
    February 5, 2021BY Tom Ozimek
  • Oil Gains on Continued OPEC+ Cuts and US Stocks Draw
    Oil Gains on Continued OPEC+ Cuts and US Stocks Draw
    LONDON—Oil prices extended gains on Feb. 4 after the OPEC+ alliance of producers stuck to its reduced output ...
    February 4, 2021BY Reuters
  • Yellen Convenes Meeting to Probe GameStop Volatility and Ensure ‘Markets Are Functioning Properly’
    Yellen Convenes Meeting to Probe GameStop Volatility and Ensure ‘Markets Are Functioning Properly’
    Treasury Secretary Janet Yellen said she will hold a meeting Thursday with top financial market regulators to discuss ...
    February 4, 2021BY Tom Ozimek
  • US Service Sector Activity Near 2-Year High in January: ISM Survey
    US Service Sector Activity Near 2-Year High in January: ISM Survey
    WASHINGTON—U.S. services industry activity raced to its highest level in nearly two years in January, with growth in ...
    February 4, 2021BY Reuters
  • US Unemployment Claims Fall to 779,000 But Job Cuts Still Sizable
    US Unemployment Claims Fall to 779,000 But Job Cuts Still Sizable
    WASHINGTON—The number of Americans seeking unemployment benefits declined to 779,000 last week, a still-historically high total that shows ...
    February 4, 2021BY The Associated Press
  • Bezos to Give Amazon Reins to Cloud Boss Jassy as Sales Rocket Past $100 Billion
    Bezos to Give Amazon Reins to Cloud Boss Jassy as Sales Rocket Past $100 Billion
    Amazon founder Jeff Bezos will step down as CEO and become executive chairman, naming the head of its ...
    February 3, 2021BY Reuters
  • US Mint Unable to Meet Surging Demand for Gold, Silver Bullion Coins
    US Mint Unable to Meet Surging Demand for Gold, Silver Bullion Coins
    NEW YORK—The United States Mint stated it was unable to meet surging demand for its gold and silver ...
    February 2, 2021BY Reuters
1 2 3 … 139 Next
TOP NEWS
  • Updates on CCP Virus: UK Study Finds New Variant May Be More Deadly
    NEW By Epoch Times Staff
    Updates on CCP Virus: UK Study Finds New Variant May Be More Deadly
  • Biden Approves Emergency Declaration for Texas Amid Energy Emergency, Severe Winter Storm
    NEW By Isabel van Brugen
    Biden Approves Emergency Declaration for Texas Amid Energy Emergency, Severe Winter Storm
  • Microsoft Urges US to ‘Copy’ Australia’s Big Tech Media Law
    2hr By Daniel Y. Teng
    Microsoft Urges US to ‘Copy’ Australia’s Big Tech Media Law
  • Support Grows for 9/11-Style Commission to Probe US Capitol Breach
    2hr By Janita Kan
    Support Grows for 9/11-Style Commission to Probe US Capitol Breach
  • $32 Billion for Public Transit in COVID-19 Relief Bill Wasteful: Researcher
    2hr By Petr Svab
    $32 Billion for Public Transit in COVID-19 Relief Bill Wasteful: Researcher
  • Wintry Weather Blanketing US Making Rare Dip to Gulf Coast
    5hr By The Associated Press
    Wintry Weather Blanketing US Making Rare Dip to Gulf Coast
  • Lovers Stay Hopeful on Valentine’s Day Amid Pandemic
    5hr By The Associated Press
    Lovers Stay Hopeful on Valentine’s Day Amid Pandemic
  • De Blasio Calls for ‘Full Accounting’ of Cuomo’s Alleged Nursing Home Death Cover-Up
    6hr By GQ Pan
    De Blasio Calls for ‘Full Accounting’ of Cuomo’s Alleged Nursing Home Death Cover-Up
  • Impeachment Manager: Trial Could Have Lasted Years If Witnesses Were Called
    6hr By Ivan Pentchoukov
    Impeachment Manager: Trial Could Have Lasted Years If Witnesses Were Called
  • Michigan County GOP Censures Rep. Meijer Over Vote to Impeach Trump
    6hr By Ivan Pentchoukov
    Michigan County GOP Censures Rep. Meijer Over Vote to Impeach Trump
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