U.S. job openings rose unexpectedly in April, illustrating the resilience of the American labor market and complicating Federal Reserve efforts to fight inflation. Employers posted 10.1 million job openings last month, up from 9.7 million in March and the most since January, the Labor Department said Wednesday. Economists had expected vacancies to slip below 9.5 million.

House Speaker Kevin McCarthy said Monday that “decisions have to be made” at his meeting with President Joe Biden later in the day at the White House, with only 10 days to go until the U.S. risks default.

It’s been a number of weeks since Margherita Della Valle was named the CEO of Vodafone Group, and she’s had about five months to evaluate the company’s situation as interim CEO. During this time the new CEO concluded that the company is due for a significant redesign, which includes the reduction of 11,000 positions over the next three years, starting at Vodafone’s U.K. headquarters and its operations in Germany and Italy.

Consumer prices climbed 4.9% in April — the first-time annual inflation has landed below 5% in two years. On a monthly basis, the inflation rate rose 0.4%, which was higher than the 0.1% in March.

Morgan Stanley is preparing a fresh round of job cuts amid a renewed focus on expenses as recession fears delay a rebound in dealmaking.

It probably doesn’t come as a surprise that the inevitable implementation of AI throughout the business world is going to drive serious job change. Fortunately, the use of AI may not eliminate jobs but rather alter current demand.

Some 155,000 federal workers, including 35,000 from Canada’s tax agency, went on strike after midnight on Wednesday in what their union is calling one of the largest strikes in the country’s history.

Corporate defaults around the world reached their most elevated level since December 2020 last month, jerked higher by the collapse of Silicon Valley Bank and Signature Bank.

Schwab and State Street both reported a decline in customer deposits, the latest sign that rising interest rates continue to weigh on banks’ balance sheets.

Corporate America is facing its sharpest drop in profits since the early stages of the coronavirus pandemic, according to Wall Street forecasts, as high inflation squeezes margins and fears of an impending recession hold back demand.

Elon Musk has confirmed that he has fired over 80% of the entire workforce of Twitter so far. The billionaire took over Twitter in October last year and carried out multiple rounds of layoffs after the $44 billion-takeover. Musk, in an interview with the BBC on Twitter Spaces, announced that only 1,500 of the around 8,000 Twitter employees are still employed at the company.

Unexpectedly strong home sales at the start of this year reversed a sharp, several-month decline in home prices. Mortgage rates are behind the swing.

McDonald's is temporarily closing its US offices this week as it notifies hundreds of corporate employees that they’re losing their jobs in a broader restructuring plan, according to a person familiar with the matter.

U.S. Sen. Elizabeth Warren is calling upon watchdogs from multiple federal agencies to open an independent investigation into the collapses of Silicon Valley Bank and Signature Bank. Warren called for the probe in a letter she wrote to the inspectors general at the Department of Treasury, Federal Deposit Insurance Corporation, and the Board of Governors of the Federal Reserve.

The latest remark by the US Federal Reserve Chair Jerome Powell on interest rate hikes has fueled volatility in global markets. All major US benchmarks slid more than 1% while equity futures for Australia, Japan, and Hong Kong also declined.

U.S. stock futures were little changed on Monday night as traders await Federal Reserve Chair Jerome Powell’s latest comments on the state of the economy.

If you want to know how this year may be for the retail industry, look no further than Walmart’s cautious outlook. The discounter easily topped expectations for the holiday quarter on Tuesday, but it gave a weaker-than-expected outlook for the year ahead. Home Depot issued similar guidance. The home improvement retailer, which also reported fiscal fourth-quarter earnings Tuesday, said it is planning for flat same-store sales, as stubborn inflation and climbing interest rates cause consumers to watch their spending.

Amazon previously announced last month that the company would be cutting nearly 20,000 jobs due to waning profits following its peak during the Covid-19 pandemic. Unfortunately, Amazon’s struggles continue and now remaining employees are expecting to see significant pay cuts moving forward this year.

The service and hospitality industry has been able to grow recently as despite continued concerns over the economy consumers are still out spending money at restaurants, hotels, travel, etc. While this should give hope for fears over an impending recession, many are beginning to believe that consumer spending within the service industry will not last much longer.

It has been nearly three years since the beginning of the Covid-19 pandemic and some city centers are still feeling the consequences of it.

Up to half a million British teachers, civil servants, train drivers and university lecturers have walked off their jobs to demand better pay and working conditions in the largest coordinated strike action in a generation as wages fail to keep pace with soaring inflation.

More Americans are falling behind on their car payments than during the financial crisis. In December, the percentage of subprime auto borrowers who were at least 60 days late on their bills rose to 5.67%, up from a seven-year low of 2.58% in April 2021, according to Fitch Ratings.

Royal Philips, the Dutch health technology conglomerate has announced that the company intends to cut 6,000 jobs by 2025.

Alphabet announced on Friday that the company will reduce its workforce by 6% resulting in layoffs of 12,000 employees. With recent layoffs within the tech sector, many have seen this coming but numerous employees were shocked by the sheer volume of layoffs in addition to how they were notified.

Salesforce will probably be urged by activist investors Elliott Investment Management and Starboard Value to cut more jobs, make changes to the board and spin off big acquisitions in search of greater profit, Wall Street analysts said.

In the most recent event of tech layoffs, Spotify has announced its intentions to terminate 600 employees (roughly 6% of the 1,000-employee workforce) for cost-cutting reasons following the covid-19 pandemic.

Microsoft is announcing big job cuts today, affecting 10,000 employees. In a memo, Microsoft CEO Satya Nadella says the company will be “making changes that will result in the reduction of our overall workforce by 10,000 jobs through the end of FY23 Q3.”

Microsoft plans to cut jobs in a number of engineering divisions on Wednesday, according to a person familiar with the matter, joining the ranks of technology giants that are scaling back as the industry prepares for a prolonged slump in demand.

Stocks in Asia are primed for declines Wednesday after US shares fell and Treasury yields rose on growing unease that relaxing pandemic measures in China would add further inflation to the global economy.

The Bank of Japan (BOJ) shocked global markets overnight with an unannounced change to its bond yield control that would now allow long-term interest rates to continue to rise, a move that many see as aimed at easing some of the costs of prolonged monetary stimulus in Japan.

Inflation in Europe has dropped for the first time in more than a year (17 months) as energy prices drifted down from painful highs, but the double-digit rate still hovers near a record that has robbed consumers of their spending power and led economists to predict a recession.

Hewlett-Packard is the latest company to announce mass layoffs. HP, which is headquartered in Palo Alto, said in a press release Tuesday that it plans to cut between 4,000 and 6,000 jobs.

Recently Amazon announced that the company intends to reduce its workforce by 10,000 employees in an attempt to adjust to business conditions in the near future. Amazon’s Chief Executive Officer Andy Jassy has now stated that the job cuts will continue into 2023.

Amazon is planning to lay off approximately 10,000 employees in corporate and technology roles beginning this week. Shares of Amazon closed down about 2% on Monday.

Russia’s grain-export pace is accelerating, just as Ukraine shipments are hit by uncertainty over whether the landmark Black Sea deal will be extended later this week.

A respected measure of inflation in the United States is expected to tick higher in September even as the Federal Reserve moves to fight rising prices at its most aggressive pace in decades. Wall Street is worried that yet another high reading on the Consumer Price Index will prompt another massive interest rate increase and inflict more pain on markets and the US economy.

Jamie Dimon has warned that a “very, very serious” mix of headwinds was likely to tip both the U.S. and global economy into recession by the middle of next year.

After several years of supply chain disruptions, large retailers such as Walmart and Target are beginning to return to their old ways of operating by pushing heavy fines on suppliers for failing to deliver products in an efficient and effective manner.

The U.K.’s beleaguered pound hit its lowest-ever level against the U.S. dollar before recovering slightly Monday, as investors worried about the government’s plans to cut taxes and the Bank of England warned it would raise interest rates as much as needed to hit its inflation targets.

Amazon is planning on hosting a second Prime Day sale this year which will occur on October 11 and 12. This will be the first time in Amazon’s history that they will host two Prime Day sales in the same year.

Federal Reserve Chair Jerome Powell delivered an address this morning at the central bank’s annual Jackson Hole meeting in which he warned of tightening policies “for some time.” Risk markets have shuddered in the wake of his comments.

The controversial Inflation Reduction Act of 2022, aka the Reconciliation Bill after months of on-and-off negotiations between moderate Senate Democrats over a crucial piece of the Biden Administration’s agenda has passed the Senate. It is a significantly watered-down version of the original package proposed by the president. Senate Republicans staunchly opposed the package, arguing that it would do little to address decades-high inflation and would worsen the nation’s fiscal picture.

From the start of the pandemic to the end of 2021, U.S. households built up $2.7 trillion in extra savings, according to Moody’s Analytics. Covid-19 lockdowns kept people at home with nowhere to spend money, and three rounds of stimulus payments boosted their incomes. Now, with inflation at its highest point in decades and wage gains trailing behind, Americans are turning to that stash to cover costs.

With inflation rising and hurting American consumers, the China lobby now has the perfect cover to undo the tariffs put in place by the Trump Administration that were levied as an effort to bolster domestic labor and manufacturing as well as penalized unfair foreign trade advantages. Now The Biden Administration is weighing a decision to remove some of the tariffs on more than $300 billion in Chinese imports according to people familiar with the deliberations, as his administration desperately tries to curb fast-rising US prices. The only question is why?

Amid record inflation, most Fourth of July staples have seen an increase in price over last year, with food prices up as much as 36%, according to a recent survey from the American Farm Bureau Federation.

German inflation rose to its highest level in nearly half a century in May on the back of soaring energy and food prices, strengthening the case for a big, half a percentage point European Central Bank interest rate hike in July

The United States Secretary of the Treasury, Janet Yellen recently told lawmakers that the Covid-19 pandemic and the war in Ukraine may continue to add turbulence to the world economy

Chinese authorities raced to carry out citywide Covid-19 tests across Beijing, betting their rapid action to crush a nascent outbreak in the nation’s capital will avoid a repeat of the chaos seen during Shanghai’s stringent lockdown, though raising the risk that China’s strict antivirus policies will further damage the faltering economy

The new variant of Covid-19, known as Omicron, was originally discovered last week throughout South Africa and since then has put the world on alert

The UK government has just released its plan to provide a boost to the country’s annual exports by £1 trillion at the end of the decade. The “Made in the UK Sold to The World” plan is designed to help UK companies capture new opportunities in global and international markets

It's a hallmark sign of this strange pandemic labor market: America had a record 10.1 million jobs available in June, as businesses struggled to hire enough staff to support the full reopening of the economy

With no end in sight for the global chip shortage manufacturers have begun raising prices for chips of all kinds as demand continues to skyrocket. Consumers are beginning to feel the impact of the chip shortage as producers of computers and other electronics increase the price of their products as well

In recent months, several events have taken place that have greatly affected the supply chain and resulted in global shortages for numerous products such as construction materials and electronics. The result of these shortages is an expected increase in price by up to 20%. After the Suez Canal blockage in March, as well as the global chip shortages associated with the drought in Taiwan (which is the leading chip producer in the world), products across the spectrum have been at a shortage and are expected to continue to be for years to come

San Francisco’s tech fiefdom is dying. That’s good for America. If you’re a member of the burgeoning American upper-middle-class or have relationships with any such yuppies, you have probably heard about “tech-xodus.” The term refers to the rapidly rising rate of techies leaving San Francisco

12.07.20 - India is arguably going to be the most relevant rising country of the early 21st century. Over the last 20 years it has seen some of the fastest growth world averaging between 6%-7%. What makes India incredibly unique among the rising economies is its youth. In 2019 the average age in India was 26 compared to China at 38 and the United States at 37. India’s voice will carry serious weight on the international stage

11.16.20 - China has just joined economic forces with more than a dozen countries across the Asian Pacific region with the signing of a huge free trade deal nearly a decade in the making

11.09.20 - A $2.5 trillion cash pile hoarded by consumers may be all it takes to drive the economic recovery from the COVID-19 pandemic, according to The Leuthold Group's chief investment strategist James Paulsen

10.13.20 - Three years after landmark legislation was passed promising Foxconn Technology Group billions in tax credits with a groundbreaking ceremony in Mount Pleasant Wisconsin, the company will not be receiving any state tax credits for work done in 2019

09.28.20 - New sanctions have reportedly been imposed on the Chinese chip manufacturer SMIC. The company is China’s largest chip manufacturer and the move threatens Beijing’s drive to become more dominant in an increasingly critical section of the technology industry

08.31.20 - India's economy contracted at the fasted pace ever in the three months following June as the lockdowns imposed due to the COVID-19 pandemic hit the countries consumer base and investments hard

08.17.20 - The biggest losers of the pandemic is America’s urban centers. Both San Francisco Bay and New York may be the biggest losers of this crisis. With big tech offering long-term remote work options to employees, people are leaving expensive urban centers in droves. Facebook, Google, Twitter, and Slack are offering remote work options up to a year in some cases and as a result, employees are leaving to places like Arizona, Colorado, and Texas

07.06.20 - The second-biggest economy in the European Union returned to growth this month, even as activity in the rest of the region continued to decline. The $3 trillion French economy grew this month for the first time since February, as coronavirus restrictions were eased and domestic consumption ticked up, according to a closely watched survey. An initial reading of the country's Purchasing Managers' Index, which tracks activity in the manufacturing and services sectors, jumped to 51.3 in June from 32.1 in May. Readings above 50 indicate an expansion

06.15.20 - BP’s potential $18 billion write-down underscores just how significant a turning point 2020 is becoming for the oil industry. It baldly acknowledges that the major hydrocarbon producers are sitting on oil fields that will never be developed — because the pandemic has curbed energy demand and increased the desire for renewables within the supply mix

05.26.20 - As many areas within the country have started a process of easing the lockdown, many estimate that the worst could soon be behind us in a matter of a month. A senior White House advisor, however, recently told CNN’s Poppy Harlow that things could ugly before we see that improvement. Kevin Hassett, the senior White House economic adviser in question, thinks the unemployment rate may rise to 23% by June before decreasing

04.27.20 - Tyson Foods is warning Americans that "millions of pounds of meat" will disappear from grocery store shelves as the current pandemic pushes food processing plants to close – resulting in product shortages in throughout the supply chain across the country

02.24.20 - Financial markets have closed out for the previous week with a note of anxiety. Recent economic data has shown that multiple of the world’s top economies are struggling, and as the outbreak of the coronavirus continues to shake up markets, the concern has compounded these slumps

02.17.20 - Japan's economy shrank at the fastest rate since 2014, as it was hit by a sales tax rise, a major typhoon, and weak global demand. Gross domestic product (GDP) dropped by a much steeper than expected 6.3% at the end of 2019

02.10.20 - The US economy continues to surge, according to the data. Job growth is the strongest it’s been in recent memory, wages are rising, the housing market seems robust and healthy, and the service sector seems to be in the midst of a boom. Given these strong numbers on the domestic economy, it seems reasonable to ask ourselves why small American companies that do most of their business domestically seem to continue to struggle

02.10.20 - As China continues to scramble to react to the Coronavirus, the economic consequences are getting worse. With entire provinces shut down production and global supply chains are threatened and lie in disarray. Before the launch of the trade war China was already slowing, the trade war and US tariffs caused another inhibitor on China’s growth, and now a health crisis is adding even further pressure

02.03.20 - The U.K. formally left the European Union on Friday, marking the end of tough negotiations and political play both in Europe and domestically within the U.K.. But as Britain begins its life outside of the political union it had been tied to since the 1950s, new negotiations are set to begin over a future trade deal between Britain and Europe

01.27.20 - The heavily reported on coronavirus outbreak in China has spooked the entire world, as we all conjure up images from some of our favorite apocalyptic Hollywood films. But as the world of memes and the internet has their fun with a serious situation, investors are on high alert for possible economic repercussions of the outbreak as financial markets respond

01.21.20 - The world’s elite have gathered in Switzerland for the 50th annual World Economic Forum to discuss issues such as the world economy and climate change. As the eyes of the world shift to Davos (the infamous location of the annual gathering), many eagerly await to see how the rich and powerful plan to tackle the most serious issues facing the globe

01.21.20 - Previous presidential administrations did very little as China paid no regard to WTO (World Trade Organization) rules, gaining an unfair advantage in trade markets since joining the organization in 2001

01.13.20 - Ford and GM have both reported horrible years in their Chinese sales for the third consecutive year - dropping 26.1% overall as the country battles a prolonged sales decline. China’s auto market is projected to contract by 2% this year as the economy weakens due to trade disputes with the United States