Financial Crisis

UK unemployment rate falls to 42-year low but wages subdued

Jul 12, 2017

Official figures show that unemployment in Britain has fallen once again as the labor market shows ongoing resilience to a slowdown in the wider economy

Yellen says Fed watching slowdown in inflation

Jul 12, 2017

Yellen to Congress: Recent inflation slowdown could lead Fed to rethink pace of rate hikes

Black homeowners struggle as US housing market recovers

Jul 9, 2017

The nation's homeownership rate appears to be stabilizing as people rebound from the recession, but African-Americans aren't sharing in the recovery

Ex-judo star poised to win Mongolia presidential runoff

Jul 8, 2017

A populist business tycoon and former judo star is poised to take down the Mongolian ruling party's candidate in a runoff election for president

Solid June jobs report gets tech and consumer stocks jumping

Jul 7, 2017

US stocks rise, led by technology companies and consumer-focused companies like McDonald's and Amazon, after the government said hiring grew at a faster pace in June

UK manufacturing drops unexpectedly in May

Jul 7, 2017

Official figures show that industrial production in Britain fell 0.1 percent in May from the previous month, further evidence that the slowdown in the British economy is getting broader

Puerto Rico governor protects pensions, promises tax breaks

Jun 1, 2017

Puerto Rico's governor has unveiled a budget that prioritizes pension payments for thousands of retired government workers who depend on a public pension system that is crumbling amid a deep economic crisis

Eurozone inflation falls to lowest level this year

May 31, 2017

Official figures show that inflation across the 19-country eurozone has fallen to its lowest level this year, in a development that may temper market talk that the European Central Bank will soon consider easing up on its monetary stimulus

Indie bookstores hold steady in tough retail market

May 30, 2017

With retail stores shutting down at the fastest pace since the financial crash of 2008, the head of the American Booksellers Association is grateful to see business holding steady

Greece: Creditors must deliver on promise to lighten debt

May 29, 2017

Greece's finance minister insists the country's international creditors must agree on how to make Greece's debt sustainable to help the nation emerge from its protracted financial crisis