Elon Musk: "The Government Is Out of Control."
Elon Musk says the government is going bankrupt. Seniors are getting crushed by inflation. But there is a way you could claim a chunk of over $1 trillion in spending, courtesy of Elon Musk.
Survey: Small businesses are feeling more optimistic about the economy after the election
A recent survey shows small business owners are feeling more optimistic about the economy following the election.
British economy flatlines in 3rd quarter in another blow to new Labour government
LONDON (AP) — flatlined in the third quarter of the year, according to downwardly revised official figures Monday, in another blow to the new Labour government that has made growth its number one mission.
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Bank of England set to keep UK interest rates on hold despite paltry economic growth
LONDON (AP) — The U.K.'s central bank is set to keep interest rates on hold later Thursday as inflation has moved further above its target rate, even though the British economy is flatlining at best.
Federal Reserve is set to cut key rate but consumers might not feel much benefit anytime soon
WASHINGTON (AP) — Federal Reserve officials on Wednesday will likely signal a slower pace of interest rate cuts next year compared with the past few months, which would mean that Americans might enjoy only slight relief from still-high borrowing costs for mortgages, auto loans and credit cards.
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Stock market today: Asian shares retreat, tracking Wall St decline as price data disappoints
HONG KONG (AP) — Asian shares fell on Friday, tracking Wall Street's decline in response to potentially on .
European Central Bank likely to cut rates while weighing US trade concerns and France's chaos
FRANKFURT, Germany (AP) — With U.S. President-elect Donald Trump and , the European Union's second largest economy, the question ahead of the European Central Bank meeting Thursday is not whether it will cut interest rates, but by how much.
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Argentina's Milei marks one year in office. Here's how his shock measures are reshaping the economy
BUENOS AIRES, Argentina (AP) — When assumed office one year ago, Argentine supermarkets were marking price increases on an almost daily basis. Middle-class families tried to spend their rapidly depreciating pesos as quickly as they got them, and economists warned the country was teetering on the brink of hyperinflation.
Europe's economy needs help. Political chaos in France and Germany means it may be slower in coming
BRUSSELS (AP) — Even before the French and German governments collapsed, Europe’s economy had enough difficulties. Tepid growth and lagging competitiveness versus the U.S. and China. An auto industry that's struggling. Where to find billions for defense against Russia? And now threatening tariffs.
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Why Trump and the Federal Reserve could clash in the coming years
WASHINGTON (AP) — President-elect Donald Trump campaigned on the promise that his policies would reduce high borrowing costs and lighten the financial burden on American households.
The ruble's in a slump. For the Kremlin, that's a two-edged sword
Russia's ruble is sagging against other currencies, complicating the Kremlin's efforts to keep consumer inflation under control with one hand even as it overheats the economy with spending on the with the other.
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Number of Americans filing for jobless benefits falls again and hovers near 7-month lows
The number of Americans applying for unemployment benefits fell last week, remaining near seven-month lows.
Wall Street eyes M&A revival if new Trump administration ushers in lower rates, looser scrutiny
NEW YORK (AP) — Wall Street is betting corporate dealmaking could bounce back next year if the new Trump administration ushers in lower interest rates and looser regulatory scrutiny.
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Retail sales up solidly in October as Americans showed continued willingness to spend
WASHINGTON (AP) — U.S. retail sales rose last month at a healthy pace in the latest sign that consumer spending is driving the economy's steady growth.
UK economic growth slows down sharply in the third quarter
LONDON (AP) — U.K. economic growth slowed down sharply in the third quarter of the year, official figures showed Friday. The Office for National Statistics said growth during the July to September period was just 0.1%. That was lower than the 0.5% recorded in the and below market expectations for 0.2%.
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US wholesale inflation picks up slightly in sign that some price pressures remain elevated
WASHINGTON (AP) — Wholesale prices in the United States rose last month, remaining low but suggesting that the American economy has yet to completely vanquish inflationary pressure.
The Singles' Day shopping festival loses its shine under China's lagging economy
HONG KONG (AP) — Merchants and consumers alike found the Singles' Day shopping festival Monday less shiny than in years past as e-commerce firms look abroad for growth.
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Czech central bank cuts key interest rate to 4% as inflation stays low
PRAGUE (AP) — The Czech Republic’s central bank on Thursday cut its key interest rate for the eighth time in a row as inflation remains low and as the economy is making a slow recovery.
Stock market today: Wall Street rallies on Election Day as economy remains solid
Asian shares were mostly higher on Wednesday after stocks on Wall Street rallied as Americans cast votes in a pivotal national election.
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Stock market today: Asia shares decline as investors await earnings, US elections and economic data
TOKYO (AP) — Asian shares mostly declined Thursday as investors grappled with uncertainty ahead of the on Nov. 5.
Russia's central bank raises interest rate to 21% to fight inflation boosted by military spending
MOSCOW (AP) — Russia’s central bank on Friday raised its key interest rate by two percentage points to a record-high 21% in an effort to combat growing inflation as government spending on the military strains the economy’s capacity to produce goods and services and drives up workers’ wages.
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Israel's war against militants is expensive. Paying the bill could force tough choices
On top of the grievous toll in human life and misery, against the and militant groups has been expensive, and the painfully high financial costs are raising concerns about the long-term effect of the fighting on .
Wealthier Americans are driving retail spending and powering US economy
WASHINGTON (AP) — It’s a trend that has surprised many: Why, despite being squeezed by high prices, have Americans kept spending at retail stores and restaurants at a robust pace?
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Ahead of the presidential election, small biz owners are growing more uncertain about the economy
NEW YORK (AP) — Small business owners are growing more uncertain about the economy ahead of the presidential election and are reining in spending, according to a new survey.
Stock market today: Asian shares gain after China says more help is needed for its slowing economy
BANGKOK (AP) — Asian shares gained ground on Monday, with stocks in China rising more than 1% after the finance minister said over the weekend that more stimulus is needed for the slowing economy.
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Stock market today: Asian shares climb after blockbuster US jobs report
Asian shares advanced Monday after a surprisingly raised optimism about the economy, sparking a rally on Wall Street.
Fed Chair Powell says the US economy is in 'solid shape' with more rate cuts coming
WASHINGTON (AP) — Federal Reserve Chair Jerome Powell signaled Monday that more interest are in the pipeline, though their size and speed will depend on the evolution of the economy.
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