European businesses continued hiring and raising wages through this year of near-stagnant growth, adding 168,000 jobs across April, May, and June. Now the region is poised for another flat year, the labor market has peaked, and businesses are planning layoffs, analysts told The Wall Street Journal.
The price of Brent crude oil for December delivery has collapsed from about $90 at the end of October to below $80 last week as global oil supplies rose more than expected. It traded as low as $76.79 on 16 November. A price of $75.48 would be a 20-percent decline from...
In recent times, the economic landscape has presented an array of challenges that have profoundly affected the business community. Some of the most significant challenges include soaring inflation rates, escalating interest rates, looming fears of a recession, and a tangible decrease in revenues for many sectors…
According to the data, get ready for consumers spending less money during the holiday season and according to the stats, holiday job hirings are down.
From 2008 through this year’s second quarter, private equity funds such as Manulife Investment Management and Nuveen have bought more than a million acres of U.S. cropland, according to a Reuters investigation.
U.S. consumers spent fewer dollars with retailers, gas stations, and vehicle dealerships in October than in any month since March, the Commerce Department reported.
Four in five U.S. households see themselves as in a worse financial state now than before the COVID era, according to a U.S. Federal Reserve survey.
Investors abroad, especially those in China and Japan, have been eager buyers of U.S. treasuries as the U.S. Federal Reserve scaled up interest rates over the past 18 months.
Aurora, an “exascale” AI computer that can process a mind-boggling number of calculations per second, is ready to turn on…but is humankind ready for its “wisdom”?
Using one conventional desktop computer for as little as a minute, new artificial intelligence systems are making 10-day weather forecasts that are as accurate as the best conventional methods and, in some cases, even more correct, Science magazine reported.