Latest in U.s Economy Grows
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Germany’s Economy Shrank in 2024. Politicians Vow to Revive It.
Candidates in the upcoming federal election are focused on lowering taxes and increasing public spending.The New York Times - Jan. 15 -
FirstFT: Germany’s economy contracts for second straight year
Also in today’s newsletter, South Korea’s impeached president is arrested and powerful Wall Street dealmaker joins OpenAI boardFinancial Times - Jan. 15 -
German economy shrinks for second consecutive year
Europe’s largest economy contracted by 0.2% in 2024Financial Times - Jan. 15 -
Goldman’s Solomon says US economy in a ‘fragile place’
Wall Street bank’s chief expects deregulation under Trump to spur business investment but urges cautionFinancial Times - Jan. 14 -
Robust U.S. Economy May Not Need Trump’s Big Reforms
The incoming President wants to uncork major moves, including protectionist tariffs, more tax cuts, and immigration curbs, but macroeconomic data suggests some measures may not be required.Inc. - Jan. 13 -
The U.S. Economy May Be Too Strong for Its Own Good
The Fed may have to hold interest rates high until something breaks.Inc. - Jan. 13 -
Syria flooded with Pepsi and Pringles as rulers open economy
End of Assad-era restrictions on dollars, exorbitant duties and extortion leads to boom in foreign goodsFinancial Times - Jan. 13 -
Jamie Dimon on the economy, billionaires, and income inequality
The chairman and CEO of JPMorgan Chase explains why he's referred to cryptocurrencies like Bitcoin as a Ponzi scheme; his bank's efforts to improve the lives of lower-income Americans; and his ...CBS News - Jan. 12 -
Jamie Dimon on the economy
As chairman and CEO of JPMorgan Chase, the largest bank in America, Jamie Dimon has said he's "cautiously pessimistic" about the economy. He explains to "60 Minutes" correspondent Lesley Stahl how ...CBS News - Jan. 12 -
Russia’s war economy is a house of cards
The financial underpinnings look increasingly fragileFinancial Times - Jan. 12 -
Growing anger over government response to wildfires
There is growing anger and questions over the response to the wildfires. Los Angeles’ Fire Chief even saying budget cuts lead to a lack of resources. NBC News' Ellison Barber reports.NBC News - Jan. 12 -
Is Donald Trump inheriting the best economy in history?
President-elect Trump will enter office with the lowest unemployment rate since Richard Nixon in 1969 — but red flags remain.MarketWatch - Jan. 11 -
Mexico to Avoid U.S. Tariffs, Economy Minister Says
President-elect Donald Trump wants tariffs if Mexico doesn’t comply with his border goals.Inc. - Jan. 10 -
Biden delivers remarks on the economy
Watch live coverage as President Biden delivers remarks on the economy from the White House. This comes as the U.S. economy added 256,000 jobs in December, according to a Bureau of Labor Statistics ...NBC News - Jan. 10 -
Hiring boost indicates Trump will inherit healthy economy
The data may help determine whether the Fed will cut interest rates this month.ABC News - Jan. 10 -
U.S. economy adds 256,000 jobs in December, unemployment rate at 4.1%
The final jobs report of the Biden administration has been released. It shows that the U.S. economy added 256,000 jobs in December and that the unemployment rate came in at 4.1%. NBC News’ ...NBC News - Jan. 10 -
On asphalt we grow: the skateboarders of Ukraine
Amid the devastation in Ukraine, the photojournalist Robin Tutenges has captured how skateboarding provides a vital escape for the country’s young people – an act of resilience and freedom as ...The Guardian - Jan. 10 -
VW's Scout has more than 50,000 EV reservations as automaker aims to grow U.S. share
LAS VEGAS — Scout Motors has received more than 50,000 refundable reservation deposits for its first electric pickups and SUVs, according to Volkswagen CEO Oliver Blume.NBC News - Jan. 9 -
A $28 Trillion Corner of Wall Street Is Flashing a Warning About the U.S. Economy
Bond yields have surged since the Fed began cutting interest rates.Inc. - Jan. 9 -
China bets on kitchen appliances to boost economy
A list of subsidised household goods has been expanded as Beijing tries to increase domestic spending.BBC News - Jan. 9 -
'Trump 2.0' looms large over the global economy
Donald Trump's planned tariffs are expected to greatly impact international trade in 2025.BBC News - Jan. 9 -
VW's Scout has more than 50,000 reservations for upcoming EVs as automaker aims to grow U.S. share
Volkswagen, which revived the old American brand, said Scout is part of its plan to grow its market share in the U.S.CNBC - Jan. 8 -
Biden briefed on California wildfires as blazes grow
Los Angeles Fire Department Chief Kristin Crowley and other officials updated President Biden on the catastrophic wildfires spreading in Los Angeles County. CBS News chief White House correspondent ...CBS News - Jan. 8 -
At the Movies, the ‘Older Woman’ Is Growing Up
She has been called “cougar,” “Mrs. Robinson” and “your mom.” Now she’s the protagonist, and one of film and television’s most compelling characters.The New York Times - Jan. 8 -
The U.S. Economy Is Stuck in a Showdown Between Trump and the Federal Reserve
The president-elect wants lower interest rates but Jerome Powell sees them staying high.Inc. - Jan. 8 -
Trump faces growing threat of 'gray zone' warfare
President-elect Trump has made ambitious promises to end Russia’s war in Ukraine and face down China, but he’s also contending with a growing threat of “gray zone” attacks from foreign adversaries, ...The Hill - Jan. 8 -
30,000 residents flee as Palisades Fire grows
Resident Nicolas Libonati said he saw a lot of abandoned cars on the road, and people running toward the coast. "It was kind of a surreal scene," he said.CBS News - Jan. 7 -
Developed economies across the globe are abandoning progressive policies
In developed economies, progressive-liberal policy agendas such as open borders, the green energy transition and transgender youth are being rejected by voters, leading to political shifts towards ...The Hill - Jan. 7 -
U.S. records first death from bird flu amid growing concerns
A Louisiana patient hospitalized in critical condition with severe bird flu has died, the state health department said Monday, marking the first U.S. death due to the virus. The patient was older ...The Hill - Jan. 6 -
Azerbaijani Anger Over Plane Crash Grows, in Deepening Schism With Russia
In the crash’s aftermath, Azerbaijan has unleashed rare and stinging criticism of Russia, with the country’s president saying Moscow’s response has caused “surprise, regret and rightful indignation.”The New York Times - Jan. 6 -
Emmanuel Macron joins growing criticism of Elon Musk in Europe
French president accuses world’s richest man of intervening directly in continent’s democratic processes. Emmanuel Macron has added his voice to a growing chorus of European criticism of Elon Musk, ...The Guardian - Jan. 6 -
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Tesla's Annual Sales Dropped for the First Time—but the EV Industry Keeps Growing
Electric vehicle sales are growing globally overall, despite Tesla's recent slump.Wired - Jan. 4 -
Why the U.S. economy is still strong despite the Fed’s 2022-’23 rate hikes
Something surprising happened on the way toward the highest U.S. interest rates in more than a dozen years: Neither consumers nor businesses buckled under the weight of higher borrowing costs from ...MarketWatch - Jan. 3 -
As Musk’s Influence Grows, So Do Questions Over U.S. Probes Into His Business Empire
As the billionaire and ‘First Buddy’ to Trump aligns with the center of U.S. political power, it’s unclear how his connections could affect several government investigations into his companies.Inc. - Jan. 2 -
Carville on Harris loss: ‘It is and it always will be the economy, stupid’
Democratic strategist James Carville, who coined the phrase “It’s the economy, stupid,” admitted his predictions for the 2024 race were wrong and that Democrats lost because of the economy. ...The Hill - Jan. 2 -
Fears Grow of Islamic State's Re-Emergence in Syria
The group is looking to exploit Syria’s uncertain future to rebuild its influence—half a decade after U.S.-led forces broke its hold on swaths of territory and millions of people.The Wall Street Journal - Jan. 2 -
Jobless claims drop to 8-month low to end 2024. Low U.S. unemployment fuels economy.
The number of people who applied for unemployment benefits after Christmas fell to an eight-month low, capping off a year of remarkably low layoffs in a surprising resilient U.S. economy.MarketWatch - Jan. 2 -
As Marijuana Use Grows, Effect on Road Safety Remains a Blind Spot
Scientists want to create breathalyzers that show how recently a driver used marijuana. Researchers also are studying how cannabis impairs motor skills and reflexes for habitual and occasional users.The New York Times - Jan. 1
