Trump Aides Raise Recession Fears, and Point Fingers at the Fed
Treasury Secretary Scott Bessent said some sectors were in a recession as he argued for more interest rate cuts.
University still pays off – even in lower-wage Britain
Guguart/ShutterstockIn the upcoming budget, Chancellor Rachel Reeves is expected to raise the minimum wage to £12.70 an hour: £26,416 annually for a full-time job. This means that the gap between salaries for minimum wage jobs and those for professional jobs that require a degree is shrinking fast.
FEDS Paper: Does Financial Stress Affect Commodity Futures Traders' Positions?(Revised)
Shengwu Du, Travis D. Nesmith, and Yang HeppeFinancial stress can impact trading behavior in the U.S. commodity futures markets. To clarify the impact, we study absolute changes and relative exposure dynamics in traders' positions during two recent crises: the 2008 Global Financial Crisis (GFC) and the COVID-19 pandemic. The nature of these two crises are very distinct, and we find that traders behaved quite differently.
Small Businesses Gear Up for Tariff Fight at Supreme Court
Companies that sell diamonds, plant sensors and wine all have one thing in common: They are weighing in against tariffs in a consequential case.
Declining union membership could be making working-class Americans less happy and more susceptible to drug overdoses
Protesters gather at a union-organized rally outside the U.S. Capitol in February 2025. Allison Robbert/AFP via Getty ImagesWhen fewer people belong to unions and unions have less power, the impact goes beyond wages and job security. Those changes can hurt public health and make people more unhappy.
Tax rises and benefit cuts are on the horizon as Reeves prepares the UK for a bad-news budget
The UK chancellor, Rachel Reeves, has made it clear that taxes will go up, and more cuts to welfare spending are on the horizon. The moves will be deeply unpopular and controversial – but in an extraordinary press conference ahead of the UK budget on November 26, Reeves made it clear that she believes both will be necessary.
Singles’ Day is a $150B holiday in China. Here’s why I think ‘11/11’ will catch on in the US
On Nov. 11 each year, a curious holiday takes over China. What began among Nanjing University students in the 1990s as a tongue-in-cheek counter to Valentine’s Day has exploded into the world’s largest shopping event: Singles’ Day.
Singles’ Day is a $150B holiday in China. Here’s why I think ‘11/11’ will catch on in the US
On Nov. 11 each year, a curious holiday takes over China. What began among Nanjing University students in the 1990s as a tongue-in-cheek counter to Valentine’s Day has exploded into the world’s largest shopping event: Singles’ Day.
Diane Keaton’s $5M pet trust would be over the top if reports prove true – here’s how to ensure your beloved pet is safe after you are gone
Diane Keaton loved her dog, Reggie.
Minutes of the CBDC Engagement Forum - May 2025
Meeting of the CBDC Engagement Forum
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