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Breaking News - Latest of The Hour: Economy

05/19/2019

U.S. Birthrate Drops 4th Year in a Row, Possibly Echoing the Great Recession The birthrate hit a 32-year low and the fertility rate reached a record low in 2018, bringing the United States more in line with other wealthy countries....
12:51, 05/17/2019

US weekly jobless claims fall more than expected First-time claims for state unemployment benefits were expected to total 220,000 for the most recent week, down from the 228,000 claims reported for the previous week....
17:00, 05/16/2019

Fed's Williams says policymakers need to better prepare for a lower interest rate world Torturously slow recoveries from recessions and low inflation are here to stay unless policymakers can get a better grip on how to stabilize the global economy in an era of lower interest rates, a top Federal Reserve policymaker said on Tuesday....
13:00, 05/14/2019

U.S.-China Trade Standoff May Be Initial Skirmish in Broader Economic War The United States is wary of China’s growing role in the global economy and its tactics for getting ahead. China sees some of the demands as infringing on its sovereignty....
20:17, 05/11/2019

Wednesday’s Daily Brief: updates from the Near East and Libya, Ebola in DR Congo, World War remembrance On Wednesday, we cover: chronic hunger in the Middle East; the toll of war on Gazans; the one-year-long detention of an academic in Iran; Syrian health facilities under attack; Ebola casualties in the Democratic Republic of the Congo hitting the 1,00...
00:17, 05/09/2019

G.M. Says It Will Sell Lordstown Factory to Workhorse, a Maker of Electric Vehicles General Motors, which stopped production at the plant recently, confirmed a statement by President Trump that it was selling the factory and investing elsewhere in Ohio....
19:17, 05/08/2019

Uber Drivers’ Day of Strikes Has Muted Start Before Company’s Big I.P.O. Drivers for the ride-hailing company in Australia and Britain began a series of planned work stoppages to protest ride-hailing companies’ wages and work conditions of ride-hailing services....
18:00, 05/08/2019

The truth about Trump's China tariffs: Major US companies didn't think they were still a big deal Stock markets around the world were caught by surprise when President Trump tweeted another tariff threat against China, but major corporations in the US recently surveyed by CNBC don't see an end to tariffs as a key issue in ending the trade wa...
19:51, 05/07/2019

US job openings rebound in March, hiring little changed U.S. job openings rebounded sharply in March, while the pace of hiring was little changed, pointing to a growing worker shortage that could slow employment growth this year....
19:51, 05/07/2019

Deadly violence at Israel-Gaza border escalates dangerously: UN chief condemns in strongest terms The United Nations Secretary-General, António Guterres, is following with “deep concern” the latest developments across the Gaza-Israeli border and urges all parties to exercise maximum restraint. Over the weekend, hundreds of rockets were launched f...
21:34, 05/05/2019

Strong US job growth is expected in April; wages are seen moderate U.S. employers likely maintained a strong pace of hiring in April while steadily increasing wages for workers, pointing to solid economic growth and moderate inflation pressures....
14:51, 05/03/2019

Fed's Powell treads carefully as Trump's central bank pick faces trouble SAN FRANCISCO, May 1- Conservative commentator Stephen Moore's sexist comments about women have put in jeopardy his path to the Federal Reserve, with the No. 2 Republican in the Senate saying Wednesday that President Donald Trump's potentia...
21:34, 05/02/2019

US first-quarter productivity rises at the fastest pace since 2014; labor costs fall U.S. worker productivity increased at its fastest pace in more than four years in the first quarter, depressing labor costs and suggesting inflation could remain benign for a while....
21:34, 05/02/2019

Calculator: Following the Money in Residential Real Estate Almost half the money spent by New York City home buyers in the first quarter of 2019 went toward the most expensive properties. That wasn’t always the case....
18:34, 05/02/2019

Fed Likely to Leave Interest Rates Unchanged as Trump Calls for Cut The president wants the Fed to cut rates and stimulate the economy. But the Fed appears poised to continue its patient stance at its meeting that ends Wednesday....
04:51, 05/01/2019

Pending home sales jumped 3.8% in March, thanks to a big dip in mortgage rates Home shoppers signed 3.8% more contracts to buy existing homes in March compared with February, according to the National Association of Realtors' Pending Home Sales Index. That was higher than analysts had expected. Sales were 1.2% lower annual...
16:17, 04/30/2019

April business survey predicts slower pace of economic growth in the US A survey of corporate economists predicts the pace of growth will decline as employers face pressure to raise wages, spend more on worker training, and automate tasks because of the low unemployment rate....
16:00, 04/29/2019

With Brexit Delayed, British Businesses Say: Enough Already The extension announced on Wednesday gives the country six more months to figure out a plan to leave the E.U., but firms, especially small ones, fear another impasse....
21:17, 04/28/2019

Monica Crowley, a Fox News Fixture, Is Said to Get a Top Treasury Job The choice of Ms. Crowley for the Treasury’s top communications role comes about two years after she withdrew as a candidate for other administration jobs in the face of plagiarism accusations....
21:17, 04/28/2019

As Herman Cain Bows Out of Fed Contention, Focus Shifts to Stephen Moore Mr. Cain withdrew in the face of allegations of sexual harassment, even as Mr. Moore, the president’s other embattled pick, faced allegations of sexism....
21:17, 04/28/2019

Stephen Moore’s Columns Deriding Women Raise New Questions for Trump Fed Pick Mr. Moore’s past columns and appearances contain potential roadblocks to confirmation — including a history of writing about women in unflattering terms....
21:17, 04/28/2019

Rising gasoline prices and rents boost US consumer prices in March U.S. consumer prices increased by the most in more than a year in March, but underlying inflation remained benign against the backdrop of slowing domestic and global economic growth....
18:51, 04/28/2019

Vice President Mike Pence backs Trump's call to lower interest rates, citing low consumer inflation Trump and economic advisor Larry Kudlow have also called for lower rates, though the Fed generally makes decisions independently of political demands....
18:51, 04/28/2019

US weekly jobless claims drop to the lowest level since 1969 First-time claims for state unemployment benefits were expected to total 211,000 for the most recent week, up from the 202,000 claims reported for the previous week....
18:51, 04/28/2019

Signs of a global economic recovery in the second half are emerging Worries about the global economy percolate even as equities around the world rise, but an economist at Ned Davis Research says the worst of it may be over....
18:51, 04/28/2019

Fed's Clarida: US slowing, but expansion will 'almost certainly' break record The U.S. is economy likely slowing from its strong rate of growth in 2018, with "important international risks" clouding the outlook, Federal Reserve vice chairman Richard Clarida said on Thursday....
18:51, 04/28/2019

'The worst, ill-suited appointments': Pelosi slams Trump's Fed picks Herman Cain and Stephen Moore Speaking to reporters at a private lawmakers' retreat, House Speaker Nancy Pelosi called conservative commentator Stephen Moore and businessman Herman Cain "the worst, ill-suited appointments that the president could come up with."...
18:51, 04/28/2019

Economy could be weaker than expected, and the reason is manufacturing Industrial production was negative for the first quarter since the third quarter of 2017, and that could signal weaker economic growth than some economists expect....
18:51, 04/28/2019

US weekly jobless claims lowest since 1969; unemployment rolls shrink First-time claims for state unemployment benefits were expected to total 205,000 in the most recent week, up slightly from the 196,000 claims reported for the previous week....
18:51, 04/28/2019

Women still struggle to find a job, let alone reach the top: new UN report calls for 'quantum leap' Women’s job opportunities have barely improved since the early 1990s, UN labour experts said on Thursday, warning that female workers are still penalized for having children and looking after them....
18:17, 04/28/2019

FROM THE FIELD: Rebuilding Yemen’s future from the ground up The ongoing conflict in Yemen has had a devastating impact on the Gulf country and while UN agencies continue to meet the immediate humanitarian needs of the Yemeni people, at least one UN agency has already begun planning for a future without war....
18:17, 04/28/2019

Despite progress towards peace, Afghanistan facing ‘daunting challenges’ ahead of presidential vote The UN Special Representative in Afghanistan, Tadamichi Yamamoto, hailed on-going efforts made towards peace and the engagement of women and youth across the country, but warned the Security Council on Monday that “daunting challenges” remain....
18:17, 04/28/2019

What is ‘South-South cooperation’ and why does it matter? This week in Argentina’s capital, Buenos Aires, over one thousand people, including high level government delegations and representatives from the private sector and civil society, will gather for the Second High-level United Nations Conference on So...
18:17, 04/28/2019

UN launches ‘South-South Galaxy’ knowledge-sharing platform in Buenos Aires When countries of the Global South forged an historic technical cooperation deal among themselves 40 years ago, digital technology was a thing of the future, but developing nations have come a long way since then....
18:17, 04/28/2019

Global South cooperation ‘vital’ to climate change fight, development, Guterres tells historic Buenos Aires summit South-South cooperation is key to the world’s sustainable development and the fight against global warming said the United Nations Secretary-General on Wednesday, as the opening session of the Second UN Conference on South-South Cooperation got under...
18:17, 04/28/2019

‘Growing alarm’ over Fall Armyworm advance, with cash crops ‘under attack’ across Asia The Fall Armyworm pest is continuing to sweep across the globe, having moved eastwards from their native Americas, onto Africa, before arriving in Asia only last summer, where they now threaten to cost farmers from India to Thailand, billions of doll...
18:17, 04/28/2019

Idai disaster: Stranded victims still need rescue from heavy rains as UN scales up response Dire conditions persist in vast areas of southern Africa affected by Cyclone Idai as heavy rain continues to cause “massive destruction”, the UN said on Thursday, while aid teams scale up efforts to reach those most in need....
18:17, 04/28/2019

Education critical to ensure future of forests, and reverse their destruction The UN drew attention to the vital role that forests play in addressing some of the world’s greatest environmental challenges on Thursday, and the importance of tackling the issues that threaten them, such as deforestation, and land degradation....
18:17, 04/28/2019

UN conference agrees better ways for Global South countries to work together on sustainable development The Second High-Level UN Conference on South-South Cooperation, known as BAPA+40, concluded on Friday in Buenos Aires, Argentina, with a political declaration agreed by more than 160 Member States renewing the global commitment in the promotion and i...
18:17, 04/28/2019

The sun’s impact on Earth and weather celebrated, as planet marks World Meteorological Day Against a background of serious warnings against the effects of climate change, World Meteorological Day this year celebrates the crucial role played by the sun in powering all life on Earth, and in driving the weather, ocean currents and the hydrolo...
18:17, 04/28/2019

‘Negative forces’ at work in DR Congo threaten ‘largely peaceful’ relations across Great Lakes region, says outgoing UN envoy The UN’s outgoing Special Envoy for Africa’s Great Lakes region on Tuesday said countries there had made “important steps towards durable peace and stability” in the last 20 years, resulting in a region that is now “largely peaceful”....
18:17, 04/28/2019

Asia-Pacific showing ‘decisive leadership’ on road to 2030 Sustainable Development Goals, deputy UN chief tells key forum Nations across Asia and the Pacific need to take bold action to ensure empowerment, inclusiveness and equality if the region is to realize the ambitious 2030 Agenda for Sustainable Development, a major UN conference has heard....
18:17, 04/28/2019

At Arab League Summit, Guterres reaffirms strong link between UN and people of Arab world Attending the Summit of the League of Arab States in Tunis, Tunisia, on Sunday, UN Secretary-General António Guterres, recognized the critical importance of the region on the international stage and called for even stronger cooperation between the UN...
18:17, 04/28/2019

UN highlights profound implication of population trends on sustainable development The United Nations is highlighting the important role that population trends play in promoting sustainable development, during the annual Commission on Population and Development, which began at UN Headquarters in New York on Monday....
18:17, 04/28/2019

Fight against climate change and poverty will fail without overhaul of global financial system, says major UN report A major new UN-led report, involving more than 60 international organizations, warns that a comprehensive overhaul of the world’s financial system is necessary, if governments are to honour commitments to tackle critical issues, such as combatting cl...
18:17, 04/28/2019

UN chief reaffirms commitment to untying ‘Gordian knot’ of Middle East conflict and instability Underlining the “enormous” opportunities for sustainable development and investment in the Middle East, UN Secretary-General António Guterres has reaffirmed the Organization’s deep engagement in a “surge of diplomacy for peace,” to “untie the Gordian...
18:17, 04/28/2019

IMF cuts global growth outlook, but predicts pick up later in 2019 The outlook for global growth is at its lowest since the financial crisis, but expected to pick up in the second half of 2019, the International Monetary Fund reported on Tuesday, so long as “policy missteps that could harm economic activity” are avo...
18:17, 04/28/2019

Impact of high debt levels on least developed countries ‘cannot be overstated’, says UN  The impact of high levels of debt on development efforts “cannot be overstated”, the head of the United Nations Development Fund (UNDP) told a Ministerial Breakfast Meeting on least developed countries (LDCs) on Saturday....
18:17, 04/28/2019

‘Critical moment’ for sustainable development, UN chief tells major financing forum “Uneven growth, rising debt levels, possible upticks in financial volatility, and heightened global trade tensions” are hampering progress on reaching the Sustainable Development Goals (SDGs), UN chief António Guterres told the Forum on Financing for...
18:17, 04/28/2019

Turn toxic e-waste into a source of ‘decent work’, UN labour agency urges  A “toxic flood of electric and electronic waste” that is growing by the day across the world, should be urgently converted into a source of decent work, that can also protect populations from its harmful effects, the United Nations labour agency said...
18:17, 04/28/2019

Stress, overtime, disease, contribute to 2.8 million workers’ deaths per year, reports UN labour agency Stress, excessively-long working hours and disease, contribute to the deaths of nearly 2.8 million workers every year, while an additional 374 million people get injured or fall ill because of their jobs, the UN labour agency, ILO, said on Thursday....
18:17, 04/28/2019

5 world-changing ideas: our top picks for World Creativity and Innovation Day A low-cost, tiny home that provides everything you need. A boat made of recycled plastic and flip-flops. Vaccine-delivery drones… As the planet marks World Creativity and Innovation Day on Sunday, we’ve selected our favorite ideas to light up the way...
18:17, 04/28/2019

Monday’s Daily Brief: Earth Day, looking for a solution to Libya crisis, focus on indigenous issues, Security Council on Sri Lanka, a high-level visit to Bangladesh Top news for Monday include: the celebration of International Mother Earth Day, efforts by the UN to push for a political solution to the Libyan crisis, the opening of the annual Permanent Forum on Indigenous Issues, the UN Security Council's condemn...
18:17, 04/28/2019

Aid preparations gear up as Mozambique braces for second massive storm Emergency measures are being stepped up by the UN and partners in northern Mozambique, amid fears that another devastating tropical storm could batter coastal areas on Thursday evening, weeks after Cyclone Idai claimed hundreds of lives and flooded v...
18:17, 04/28/2019

At China’s Belt and Road Forum, Guterres calls for 'inclusive, sustainable and durable' development China’s international trade and economic development plan – known as the Belt and Road Initiative – could contribute to a more equitable, prosperous world, and to reversing the negative impact of climate change, Secretary-General António Guterres sai...
18:17, 04/28/2019

Friday’s Daily Brief: UN chief in China, counter-terrorism, updates from Bangladesh, Mali and Mozambique This Friday, we cover: the UN Secretary-General's message in China for sustainable development; the toll of a second cyclone in Mozambique; what UN officials saw first-hand in the Rohingya refugee camp of Cox's Bazar in Bangladesh; the impact of inse...
18:17, 04/28/2019

Chernobyl nuclear disaster-affected areas spring to life, 33 years on More than three decades after the devastating explosion at the Chernobyl nuclear power plant, parts of Belarus’ adjoining regions have sprung back to life and the biggest of them, Homiel, has become a leading destination for domestic and internationa...
18:17, 04/28/2019

‘The green economy is the future,’ UN chief says in Beijing, urging climate solutions that strengthen economies, protect the environment Winning the race against climate change to keep our planet livable and on a healthy trajectory requires action rooted in sustainable solutions aligned with the Paris Agreement and the UN-driven 2030 Agenda for sustainable development, Secretary-Gener...
18:17, 04/28/2019

Work to make the world a better place: 5 things you need to know about ‘green jobs’ Imagine a world in which practically everyone works in jobs that are helping to transform the global economy, and bring about a world where business can thrive and the needs of the most vulnerable people are met. ...
18:17, 04/28/2019