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Economy
Eurozone Inflation a 'Grave Concern,' Hits Record 10%
By David McHugh/AP
How to Negotiate With Car Dealers as Prices Climb
By Alana Semuels
Bank of England Steps in After IMF Warning
By DANICA KIRKA and JILL LAWLESS / AP
U.S. Housing Prices Fall for First Time in a Decade
By Prashant Gopal / Bloomberg
More in
Economy
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
A Beer Shortage Is Brewing. Blame a Volcano
Food and beverage companies have been scrambling to find suppliers of carbon dioxide
By Nik Popli
September 22, 2022
Britain's Economy Is at a Pivotal Moment
The death of Queen Elizabeth II and the period of national mourning that followed have been the latest blow to Britain’s mounting economic pressures.
By Simon Constable
September 22, 2022
Fed Delivers Third-Straight Big Hike
Federal Reserve officials are stepping up their fight to curb inflation that’s persisted near the highest levels since the 1980s.
By Matthew Boesler/Bloomberg
September 21, 2022
Looking for a New Job? Ask Someone You Barely Know
A new study using data from 20 million LinkedIn users reveals that weaker ties lead to better opportunities.
By Megan McCluskey
September 15, 2022
Potential Rail Strike Squeezes Biden Between Unions, Economic Peril
The Biden administration is pressuring labor unions and freight-rail operators to agree on a new contract before Friday to avert a strike.
By Augusta Saraiva and Jordan Fabian/Bloomberg
September 12, 2022
Our Ancestors Thought We'd Build an Economic Paradise. Instead We Got 2022
After 1870 the world's economy took off, but instead of the prosperous utopia our ancestors predicted we're all unhappy and unequal
By J. Bradford Delong
September 8, 2022
Fact-Checking Biden’s Student Loan Plan
Will Biden’s new plan make inflation worse? Is it an abuse of executive power? Here’s what to know.
By Eric Cortellessa
August 26, 2022
What Wisconsin Tells Us About the Midterms
A trip to a Trump rally and a Democratic meet-and-greet revealed some shared grievances.
By Philip Elliott
August 18, 2022
Biden Just Scored a Huge Win. Do Voters Care?
The significant victory of the Inflation Reduction Act is not top of mind for many, which should worry the President and his fellow Democrats as November draws closer.
By Philip Elliott
August 12, 2022
U.S. Inflation Runs Cooler Than Forecast
U.S. inflation decelerated by more than expected, which may take some pressure off the Fed to continue hiking interest rates
By Olivia Rockeman/Bloomberg
August 10, 2022
What's in the Inflation Reduction Act
The landmark climate, health care and tax package is expected to reach President Biden's desk after the House passes it on Friday.
By Solcyre Burga
August 8, 2022
What a Massive Voter Survey Tells Democrats About What They’re Doing Wrong
A survey shared exclusively with TIME details how Democrats can catch up to Republicans on the issue of the economy.
By Philip Elliott
August 8, 2022
Biden Takes Victory Lap on Jobs Report
“Today there are more people working in America than before the pandemic began,” the President boasted.
By Brian Bennett
August 5, 2022
CEOs Cut Jobs Despite Hot Labor Market
Even booming companies are laying off workers and talking up concerns about an economic downturn
By Alana Semuels
August 5, 2022
What The Inflation Reduction Act Says About Climate Action
With inflation among voters' top concerns, framing a massive spending bill as a way to address the issue makes political sense
By Justin Worland
August 4, 2022
Charles Koch's Latest Political Stunt
The billionaire paid for 250 people to fill up at $2.38 per gallon, the price when Joe Biden became President.
By Philip Elliott
August 2, 2022
Did Schumer Dupe Republicans Or Outsmart Them
Republicans claim they were deceived, after Democratic Sen. Joe Manchin announced a surprise deal on a climate and tax bill.
By Eric Cortellessa
July 28, 2022
What Is a Recession and Is the U.S. in One in 2022?
A recession has traditionally been defined as two back-to-back quarters of declining gross domestic product
By Solcyre Burga
July 28, 2022
U.S. Economy Shrinks for a Second Quarter
Weakness in interest rate-sensitive sectors is likely to throw fuel on the heated debate about if or when the U.S. enters a recession
By Reade Pickert / Bloomberg
July 28, 2022
Fed Raises Rates to Clamp Down on Inflation
Policy makers, facing the hottest price pressures in 40 years, lifted the target range for the federal funds rate to 2.25% to 2.5%.
By Jonnelle Marte / Bloomberg
July 27, 2022
Once a Pandemic Band-Aid, Community Fridges Stay Plugged In As Food Costs Soar
In the early days of the COVID-19 pandemic, refrigerators popped up in unlikely outdoor places, as volunteers plugged in the appliances on street corners in cities and towns across the country. These community fridges became...
By Katharine Gammon
July 18, 2022
U.S. Inflation Quickens to 40-Year High, Amping Up Fed Pressure to Go Big
The red-hot inflation figures reaffirm that price pressures are rampant and widespread throughout the economy
By Olivia Rockeman / Bloomberg
July 13, 2022
How Shinzo Abe’s Contentious Economic Plan Transformed Japan
Few leaders leave a legacy like Shinzo Abe. The longest-serving prime minister in Japan’s history led an ambitious domestic reform agenda and redefined the country’s status in geopolitical affairs. Following his assassination Friday, he will...
By Nik Popli
July 8, 2022
The U.S. Unemployment Rate Held Steady in June Amid Robust Job Market
The resilience of the jobs market is in stark contrast to the broader economic picture
By Reade Pickert / Bloomberg
July 8, 2022
Would Removing China Tariffs Help Biden Tame Inflation?
The White House appears to be split on whether or not to keep the tariffs
By Amy Gunia
July 7, 2022
Why California Could Be the Last State to Offer Inflation Relief Checks
California lawmakers reached a budget deal last week, which includes $9.5 billion in direct payments to taxpayers
By Elizabeth Garone
July 6, 2022
$5 Gas Isn't Changing How Often Americans Drive
“[Fuel] demand is lower, but not drastically lower, because the car is still the primary mode to travel this summer"
By Emily Barone
July 5, 2022
The Surprising Thing That Could Help Ease Inflation
A build-up of inventory spurred by inflation could be just the thing that helps bring the economy out the other side
By Alana Semuels
July 1, 2022
Stocks Suffer Worst First Half of a Year in More Than 50 Years
The selloff in stocks deepened after weak consumer-spending data fueled worries about a recession.
By Rita Nazareth / Bloomberg
June 30, 2022
Why a Recession Isn’t Inevitable
The chances a recession will take hold are lower in the U.S. and Asia than in Europe.
By Simon Constable
June 28, 2022
Sales of Previously Owned Homes Fall to an Almost Two-Year Low
The figures underscore how high prices and a surge in mortgage rates have stifled demand
By Reade Pickert / Bloomberg
June 21, 2022
Federal Reserve Chair Jerome Powell Facing Grim Choice Between Elevated Inflation and Recession
Powell probably has to push the economy into recession in order to regain control of prices
By Rich Miller/Bloomberg
June 12, 2022
Inflation Unexpectedly Accelerates to 40-Year High
Record gasoline prices and geopolitical factors threaten to keep inflation high in the coming months.
By Olivia Rockeman/Bloomberg
June 10, 2022
Biden to Kimmel: Voters Can Make Midterms About Gun Control
Kimmel pressed Biden on why he hasn’t done more to curb access to semi-automatic weapons.
By Brian Bennett
June 9, 2022
Shock of War Threatens Lasting Impact on Global Economy
The organization slashed its outlook for global growth this year to 3% from the 4.5% it predicted in December
By William Horobin / Bloomberg
June 8, 2022
The Strange Coalition in Congress Poised to Score a Major Win Against Big Tech
Congress doesn’t get much done these days, but one major piece of legislation stands a good chance of becoming law thanks to a bizarre coalition that includes virtually every Democrat not from California and some...
By Eric Cortellessa
May 31, 2022
Signs Are Pointing to a Slowdown in the Housing Market—At Last
There are growing signs that the housing market is slowing
By Alana Semuels
May 19, 2022
Sri Lanka Default Hints at Trouble Ahead for Developing Nations
The island’s saga is starting to be seen as a bellwether for emerging markets
By Sydney Maki and Amelia Pollard / Bloomberg
May 18, 2022
What Terra's Crash Means For Crypto and Beyond
UST's downfall could have short-term and long-term ripple effects, especially as skeptical legislators like Elizabeth Warren survey the damage
By Andrew R. Chow
May 17, 2022
Politicians Created the Formula Shortage. Can They Fix It?
A 1989 law led to intense consolidation in the baby formula industry.
By Abby Vesoulis
May 17, 2022
The Back Booth: An ‘Orgy of Oppo' on Madison Cawthorn and an Unprecedented Subpoena
Welcome to The Back Booth, a weekend edition of The D.C. Brief in which we host a conversation between two political pros.
By Philip Elliott
May 14, 2022
The World’s Steel Comes at a Steep Climate Cost. A Swedish Company is Trying to Change That.
“If we have the chance to really solve the root cause of the real problem, why not do that?”
By Alejandro de la Garza
April 28, 2022
If We Want a Sustainable Future, Financial Institutions Must Hold Each Other Accountable
Finance is indispensable to the achievement of the U.N.’s Sustainable Development Goals (SDG), which address issues from climate change to inequality. Without capital, no business or government can hope to achieve these goals. At COP26,...
By Hiro Mizuno
April 15, 2022
One Investment Firm's Bold Experiment to Finance the Future of American Farming
The Dwelley family has farmed the fields of Brentwood, Calif., for a century, growing organic sweet corn, cherry trees, and low, leafy green beans some 50 miles east of San Francisco. During every harvest, the...
By Maria Gallucci
April 15, 2022
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