Economy

Google CEO tells employees productivity and focus must improve, launches 'Simplicity Sprint' to gather employee feedback on efficiency

Google CEO tells employees productivity and focus must improve, launches ‘Simplicity Sprint’ to gather employee feedback on efficiency

Google CEO Sundar Pichai speaks on stage during the annual Google I/O developers conference in Mountain View, California, May 8, 2018. Stephen Lam | Reuters Google is launching a new effort called “Simplicity Sprint” in an effort to improve efficiency and improve employee focus during an uncertain economic environment. The Alphabet company had its regular …

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Why some people actually want a recession (and others say that's crazy)

Why some people actually want a recession (and others say that’s crazy)

At the core of the debate among economists and policymakers is a fundamental question with massive implications for America’s future: Which is worse — inflation, or a recession? No one seems to agree on way or another. But many economists and lawmakers are pushing back on that idea, arguing that the so-called cure of a …

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EXPLAINER: How do we know when a recession has begun?

EXPLAINER: How do we know when a recession has begun?

WASHINGTON (AP) — By one common definition, the US economy is on the cusp of a recession, Yet that definition isn’t the one that counts. On Thursday, when the government estimates the gross domestic product for the April–June period, some economists think it may show that the economy shrank for a second straight quarter. That …

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US inflation hit 40-year high in June, driven by record gas prices

US inflation hit 40-year high in June, driven by record gas prices

That’s the highest level in more than 40 years and higher than the previous reading, when prices rose by 8.6% for the year ended in May. It is also much higher than the 8.8% that economists had predicted, according to Refinitiv. The Consumer Price Index for June also showed that overall prices that consumers pay …

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Consumer inflation is expected to have been even hotter in June but it could be peaking

Consumer inflation is expected to have been even hotter in June but it could be peaking

June’s headline consumer price index is expected to have been even hotter than May’s report, but consumer inflation may have finally peaked given the decline in oil and gasoline prices in July. Headline CPI is expected to rise by 1.1%, compared with 1% in May, according to Dow Jones. On a year-over-year basis, CPI is …

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5 things to know before the stock market opens Tuesday

5 things to know before the stock market opens Tuesday

People walk by the NYSE in New York City. Spencer Platt | Getty Images News | Getty Images Here are the most important news items that investors need to start their trading day: 1. Futures slide Stock futures fell Tuesday morning, setting up a second straight day of losses. Markets are coming off a winning …

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Klarna valuation plunges 85% to $6.7 billion as 'buy now, pay later' hype fades

Klarna valuation plunges 85% to $6.7 billion as ‘buy now, pay later’ hype fades

Currently, most buy now, pay later services don’t impact a person’s credit score. That’s now set to change in the UK Jakub Porzycki | NurPhoto | Getty Images Klarna saw its valuation slashed by 85% in a new financing round announced Monday, reflecting grim investor sentiment surrounding high-growth tech stocks and “buy now, pay later” …

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5 things to know before the stock market opens Wednesday

5 things to know before the stock market opens Wednesday

Here are the most important news items that investors need to start their trading day: 1. Stocks looking for stability Traders on the floor of the New York Stock Exchange, June 28, 2022. Source: NYSE Equities markets’ attempt to build on last week’s momentum has so far fizzled this week. Futures were little changed Wednesday …

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UK inflation hits new 40-year high of 9.1% as food and energy price surge persists

UK inflation hits new 40-year high of 9.1% as food and energy price surge persists

More than four in five people in the UK are worried about rising living costs and their ability to afford basic necessities like food and energy over the coming months, according to a new survey. Tolga Akmen | Afp | Getty Images LONDON — UK inflation hit 9.1% year-on-year in May as souring food and …

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Labor market 'worse than the 1970s' as strikes hit UK, Nobel Prize-winning economist says

Labor market ‘worse than the 1970s’ as strikes hit UK, Nobel Prize-winning economist says

A usually busy Waterloo Station is almost empty in London on June 21, 2022 as the biggest rail strike in over 30 years hits the UK. Ben Stansall | Afp | Getty Images LONDON – The labor market is “worse than the 1970s,” with massive rail strikes in the UK offering a sign of things …

Labor market ‘worse than the 1970s’ as strikes hit UK, Nobel Prize-winning economist says قراءة المزيد »