The Guardian Economy Full text
Global oil supply returns to surplus for first time since start of Iran war, says IEA
Supplies outstripped demand by almost 2m barrels a day in October as market shows ‘tentative signs of rebalancing’
The Wire
The financial desks we read, gathered in one place. Stories we are licensed to carry are reproduced in full with the writer credited; everything else is a headline and a short quotation that links straight to the publisher.
Economy — 3,842 stories
BBC News Economy Full text
How a civil servant got away with juggling five jobs for so long
Kashim Chowdhury has been convicted of fraud after pocketing £284,000 of taxpayers' money over three years.
Euronews Economy
Spain's 'Austrian backpack' pension plan back at centre of 29N pensions debate
With pensioners worried about cuts and young people unsure they will ever get a pension, company-funded individual schemes have long hovered over Spanish politics. Ahead of the 29N elections, we examine the situation.
NBER Economy Full text
Can Home Visits Re-Engage Chronically Absent Students? Evidence from the LEAP Program -- by Eric Brunner, Shangyue Jiang, Stephen Ross
Beginning in the summer of 2021, the state of Connecticut launched the Learner Engagement and Attendance Program (LEAP) where home visits by school personnel were conducted with students identified as chronically absent…
PBS News Economy Full text
IMF chief urges wealthy nations to rein in debt to ease global economic pressure
The U.S. and other wealthy nations need to urgently tackle mounting global debt levels that are weighing most heavily on low-income countries and straining the global financial system, the head of the International Monetary Fund said…
CNBC Economy Full text
Here are three key takeaways from the disappointing July jobs report
Nonfarm payrolls in the U.S. unexpectedly declined in July, but so did the unemployment rate, leaving investors with mixed signals.
Federal Reserve Board Economy Full text
FEDS Note: Vietnam's Export Boom to the U.S.: The Role of Chinese Firms
Chris A. Avalos, Trang Hoang, and Eva Van Leemput In recent years, Vietnam has attracted considerable attention as a potential major beneficiary of the 2018-19 U.S.-China tariff increases, reflecting substantial trade…
The Guardian Economy
The datacenter industry is using propaganda to fight opposition | Samuel Woolley, Dean Jackson and Maia Woluchem
Big tech has used misdirection, disinformation and jargon to obscure the harm the facilities can cause to communities “Antifa”. “Commies”. “Chinese bots”. Everyone from tech leaders to the president has called…
CNA Economy Full text
Dollar set for best week in two months, yen tests 160
GDANSK, Nov 13 : The dollar held near 19-month highs on Friday and was set for its biggest weekly rise in two months as bets on a larger rate hike pushed up US yields and the yen hovered below the 160 mark, prompting Tokyo to warn it would…
BBC News Economy Full text
Poundland unable to buy new stock as fears over collapse grow
The discount chain is continuing to edge towards collapse and is said to be "running on fumes", according to one insider.
Euronews Economy
Trump's midterm defeat: Europe's biggest stock winners and losers
A Democratic ‘blue tsunami’ sparked one of the year’s sharpest rotations in Europe: banks rallied, chips sank on data-centre fears.
NBER Economy Full text
Training Your Replacement: Worker Incentives and the Pace of Automation -- by Joshua S. Gans, Peter Landry
Firms ask workers to train AI systems that will replace them. We model this with a worker who can shirk, cooperate with training, or obstruct training while maintaining productivity. Because training ends the job but…
PBS News Economy Full text
Trump's diesel deal with Putin draws bipartisan criticism from a frustrated Congress
The deal is being criticized by both Republicans and Democrats as fueling Russia's war against Ukraine, violating existing U.S. laws and drawing the U.S. closer to Russia.
CNBC Economy Full text
U.S. economy unexpectedly lost 23,000 jobs in July
Nonfarm payrolls were projected to increase by 83,000 in July while the unemployment rate would hold steady at 4.2%, according to the Dow Jones consensus.
Federal Reserve Board Economy Full text
FEDS Note: Fifth Conference on the International Roles of the U.S. Dollar: Stablecoins, Digital Payments, and the International Role of the U.S. Dollar
Ricardo Correa, Linda Goldberg, Ritt Keerati, Juan M. Londono, and Fabiola Ravazzolo The U.S. dollar continues to occupy a central role in the global economy. It remains the most widely used currency in foreign exchange…
The Guardian Economy
The dark side of reselling apps: ‘If you include your pants, I’ll pay more’
Ministers consider banning under-16s from online marketplaces amid reported misuse of messaging functions and users’ photos In June, Hannah* listed her seven-year-old daughter’s pink swimming costume for sale on Vinted…
CNA Economy Full text
China warns against new export controls on US chips after Nvidia scandal
BEIJING: China warned the United States on Friday (Nov 13) against putting additional export controls on semiconductors in the wake of the scandal surrounding AI chip giant Nvidia.China "has consistently opposed the abuse of export control…
BBC News Economy
Civil servant who secretly held five jobs found guilty of fraud
Kashim Chowdhury had secretly held multiple public sector jobs on full-time salaries.
Euronews Economy
Tech stocks recover after midterms rout as Nvidia takes centre stage
Tech firms rose on Monday to claw back some of last week's painful losses fuelled by AI regulation worries, though traders were keeping an eye on a probe into Nvidia boss Jensen Huang.
NBER Economy Full text
Generative AI, Managerial Expectations, and Economic Activity -- by Manish Jha, Jialin Qian, Michael Weber, Baozhong Yang
Using generative AI, we extract managers’ economic expectations from over 120,000 corporate conference call transcripts. The resulting AI Economy Score predicts GDP growth, production, employment, and wages five or more…
PBS News Economy Full text
Republicans face midterm backlash from factory workers over Trump's tariffs
President Donald Trump's tariffs are turning factory workers against his Republican Party over fears the import taxes could lead to fewer jobs instead of the manufacturing renaissance he promised.
CNBC Economy Full text
The July jobs numbers are due out Friday. Here's what to expect
Nonfarm payrolls are expected to post a gain of just 83,000 with an unchanged unemployment rate at 4.2%.
Federal Reserve Board Economy Full text
FEDS Note: Technology Shocks, the AI Boom, and the U.S. Current Account
Giuseppe Fiori, Colleen Lipa, and Erik Nuenninghoff The current artificial intelligence (AI) investment boom in the United States provides a powerful boost to imports of high-technology capital goods. The AI buildout…
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