Latest in economy

Higher interest rates will push the US economy into a recession this year, according to a survey of business and academic economists. The Wall Street Journal reports in a poll that on average, economists put the probability of a recession in the next 12 months at 61%. That’s down slightly from 63% in…

The U.S. economy added 223,000 jobs in December, slower than previous months but still robust, while the unemployment rate edged lower to 3.5%. The figures from the Bureau of Labor Statistics were generally in line with expectations, as economists look for signs that the Federal Reserve’s aggressive…

Employers added 263,000 jobs in September and the unemployment rate fell to 3.5%, in line with expectations that job growth would slow during the month. Still, the pace of hiring was slightly higher than predictions. The biggest job gains were in leisure, hospitality and health care, according…

Joe Biden, touting a better-than-expected jobs report, responded to reports that Elon Musk has a “super bad feeling” about the economic outlook and that he wants to slash jobs at Tesla by 10%. “While Elon Musk is talking about that, Ford is increasing their investment, overwhelmingly. I think Ford is increasing the…

“It's just remarkable how obsessed some people are in trying to trip California up and identifying areas of weakness,” said the state’s governor Gavin Newsom on Tuesday. And despite that, “we still dominate” the American economy, he added. In Newsom’s first public appearance in two weeks, he went on to tick off a…

 President Donald Trump delivered another of his classic campaign rally speeches from the White House this morning, boasting about the economy and his build-up of spending on the military, with a giant pink-eared bespectacled bunny at his side. Trump’s address was his way of commemorating the 140th annual White House…

Wall Street’s roller coaster ride took another dive today — once again mostly due to concerns that China’s economy is weaker than many expected. The Dow Jones Industrial Average fell 2.8% and the S&P 500 dropped 2.9%s after an index of China’s manufacturing fell to a three year low. Media company stocks joined in the…