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Economy
IMF Upgrades Outlook For the Global Economy
By Paul Wiseman / AP
The Biggest Company Layoffs in 2023
By Armani Syed
What the U.S. Hitting the Debt Ceiling Means for You
By Anisha Kohli
AI Isn’t to Blame for Tech Layoffs
By Andrew R. Chow
More in
Economy
Why the Debt Ceiling Matters
Congress is not authorizing new spending when it votes to raise the debt ceiling. Failing to raise it could send the global economy into a tailspin.
By Mini Racker
January 17, 2023
In Debt Ceiling Fight, McCarthy May Blink
The new Speaker can either work with Democrats, defying the Freedom Caucus, or risk sending the world economy into a tailspin.
By Philip Elliott
January 17, 2023
Blame the Airlines for American Inequality
After deregulation in 1978, airlines abandoned small cities at the expense of big hubs. That's had major economic implications.
By Alana Semuels
January 17, 2023
WTO and IMF Heads Urge Cooperation in Davos
Ngozi Okonjo-Iweala, Kristalina Georgieva and Will.i.am spoke at the TIME 100 dinner in Davos
By Yasmeen Serhan
January 16, 2023
How We Can Make Martin Luther King Jr.’s Dream of Ending Poverty A Reality
"Guaranteed income is an effective tool to offset rising costs for those who can least afford it," writes Michael Tubbs
By Michael Tubbs
January 16, 2023
Working Together Keeps Saving the World
The IMF’s Kristalina Georgieva urges us to confront geopolitical fragmentation.
By Kristalina Georgieva
January 12, 2023
Mega Millions Jackpot Is Now Game’s 2nd Highest at $1.35B
The only Mega Millions jackpot larger than the prize for Friday’s drawing is the $1.53 billion won in South Carolina in 2018.
By Associated Press
January 11, 2023
World Bank Warns of Global Recession Risk
It warned weaker growth in the U.S., Europe and China will bring the global economy close to a recession
By CHRISTOPHER RUGABER / AP
January 10, 2023
Food Price Inflation at a Record High in U.K.
“It’s unlikely there will be any improvement in the consumer mindset around personal finances in the near term,” says one analyst.
By Katie Linsell / Bloomberg
January 4, 2023
Turkey Inflation Slows to 64% In Boost to Erdogan
Consumer prices for the year rose by 64.27% in December, down from 84.39% in November.
By Associated Press
January 3, 2023
4 New Year’s Resolutions for the World
Here’s how the world is resolving to tackle political upheavals, energy shortages, and high costs of living in the new year.
By Astha Rajvanshi
December 29, 2022
2022: A Year In Review
Following years of uncertainty—and a global pandemic that has proven to be one of the most challenging events in history—we forged on, prepared to tackle what lay ahead. And as we continued to extract the possible from the impossible, this year taught us, above all, that our voices—no matter how big or small can change the world.
By Jenna Caldwell and Andrew D. Johnson
December 21, 2022
When Will Interest Rates Stop Rising? Now Would Be Good
Today the principal risk is not that the Federal Reserve has done too little but that it will go too far
By J. Bradford Delong
December 20, 2022
Holiday Shoppers Are Cutting Back. And That’s a Bad Sign For the Economy
Holiday shoppers are sending a message to retailers: Lower your prices.
By Nik Popli
December 15, 2022
2023 Will Be a Year of Worker Strikes
Labor conflicts will affect everything you do in 2023, from Amazon orders to your favorite Netflix show.
By Alana Semuels
December 13, 2022
How to Prepare for a Recession
Here are five steps that financial experts recommend to prepare for a recession.
By Anna-Louise Jackson
December 10, 2022
Too Hot to Build
Mega construction projects like Qatar's $6.5 billion World Cup build-out may not be possible in our climate future
By Aryn Baker
November 23, 2022
Britain Is Embracing Austerity 2.0
Finance minister Jeremy Hunt announced billions in spending cuts and tax rises on Thursday.
By Yasmeen Serhan/London
November 17, 2022
Senators Demand Answers on Sugar Merger
Senators Elizabeth Warren and Cory Booker want to know how a USDA sugar analyst helped pave the way for a merger the Biden administration was trying to stop.
By Eric Cortellessa
November 15, 2022
The Cure for Inflation Means More Pain for Renters
The rising cost of housing is helping to drive inflation, but raising interest rates is exacerbating that problem
By Alana Semuels
November 10, 2022
These Startups Want to Be the ‘Amazon of Weed’
The legal marijuana industry in the U.S. could be wildly profitable, although startups face complex regulations.
By Nik Popli
November 9, 2022
The Best Paid Remote Jobs and How to Get Them
Here are some of the best-paid fully-remote jobs in the U.S. and how to get them
By Armani Syed
November 4, 2022
How Raising Interest Rates Helps Fight Inflation
Why Fed Chair Jerome Powell just raised interest rates, again.
By Nik Popli
November 2, 2022
What to Know About Biden's Crackdown on 'Junk' Fees
Banks, airlines, cable companies, and more could be stopped from charging certain extra fees
By Megan McCluskey
October 31, 2022
Fact Checking Politicians' Inflation Claims
As Election Day nears, both Republicans and Democrats are talking more about inflation, and placing the blame for it on their opponents.
By Alana Semuels
October 31, 2022
Think the Energy Crisis Is Bad? Wait Until Next Winter
Europe and the world will make it through this winter but next winter is shaping up to be an energy emergency without any good solutions
By Suriya Jayanti
October 31, 2022
The Global War for Young Talent Will Shape the Future
Successful countries in the future will be distinguished by one thing: Importing young people
By Parag Khanna
October 24, 2022
Booker Prize Winner Shehan Karunatilaka on Literature and Sri Lanka's Ongoing Crises
TIME speaks with the Sri Lankan author after he won the prestigious Booker Prize on Monday.
By Armani Syed
October 19, 2022
America Needs More Men Working in Health Care and Education
The gender desegregation of the labor market has so far been almost entirely one-way. That needs to change
By Richard V. Reeves
October 19, 2022
Forecast for U.S. Recession Rise
Inflation and expectations of the Fed pressing ahead with rate hikes are raising the risk of a contraction.
By Josh Wingrove / Bloomberg
October 17, 2022
There Is a Painless Way to Fix Inflation
The Federal Reserve's moves to keep raising interest rates is going to lead to disaster. There is a better way.
By Zachary Karabell
October 17, 2022
The Role of Small Businesses in the Climate Fight
Every company has a carbon footprint. And each can help solve our global problem. Here's how big and small actions make a huge difference in the climate fight.
By Jeff Wilser
October 13, 2022
A Year After Striketober Employers Push Back
Some companies will do just about anything to stop workers from unionizing
By Alana Semuels
October 13, 2022
What It Would Take to Avoid a Rail Strike This Holiday Season
It’s the second time since July that there’s an impending U.S. rail strike, as workers continue to express concern over their existing labor contract.
By Nik Popli
October 12, 2022
Intel Plans to Lay Off Thousands of Employees
The layoffs will be announced as early as this month, to cut costs and cope with a sputtering personal-computer market.
By Mark Gurman and Debby Wu / Bloomberg
October 12, 2022
Bernanke Shares Nobel for Research on Banks
The Nobel Prize committee said the research of the three winners had shown “why avoiding bank collapses is vital.”
By Associated Press
October 10, 2022
U.S. Jobs Rise While Unemployment Drops, Keeping Pressure on Fed
While there have been some indications of moderating labor demand, employers, many still short-staffed, continue to hire at a solid pace.
By Reade Pickert/Bloomberg
October 7, 2022
Why U.S. Income Inequality Hasn’t Risen in a Decade
A new study suggests income inequality has stabilized due to growth in wages for the lowest-paying jobs
By Nik Popli
October 5, 2022
EU’s Von Der Leyen Proposes Gas Price Cap as Energy Fears Rise
Nations in the bloc are struggling to cope with record energy prices and the risk of shortages this winter
By Ewa Krukowska and John Ainger / Bloomberg
October 5, 2022
OPEC+ Tries to Keep Oil Above $90 With Large Production Cut
The cartel’s decision risks adding another shock to a global economy that is already battling inflation driven by high energy costs.
By Salma El Wardany, Grant Smith, Ben Bartenstein and Fiona MacDonald / Bloomberg
October 5, 2022
Why We Should All Be Worried About 'Chokepoint Capitalism'
The practice ultimately results in higher prices for customers and lower wages for workers
By Billy Perrigo
October 4, 2022
How to Adjust Your Budget for Inflation
Tiffany “The Budgetnista” Aliche breaks down what you need to do to balance your budget right now.
By Jenna Caldwell and Solcyre Burga
October 3, 2022
How to Negotiate With Car Dealers as Prices Climb
What I wish I knew about negotiating before overpaying for my new compact SUV
By Alana Semuels
September 29, 2022
U.S. Housing Prices Fall for First Time in a Decade
The declines in home prices have been steepest in the most unaffordable locations, especially on the West Coast.
By Prashant Gopal / Bloomberg
September 27, 2022
Gun Violence Costs U.S. $557 Billion a Year
Gun violence causes tens of thousands of U.S. deaths each year and it's having a significant impact on the economy.
By Madison Muller / Bloomberg
September 27, 2022
British Pound Hits Record Low After Tax Cuts
The U.K. government’s new fiscal measures have sent investors into a panic
By David Goodman and Libby Cherry / Bloomberg
September 26, 2022
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