Economy

Nearly half (46%) of professionals say they're considering quitting in the year ahead — higher than the 40% who said the same ahead of 2021's great resignation, according to new research from Microsoft and LinkedIn, which surveyed more than 30,000 people in 31 countries between February and March 2024. In the U.S., LinkedIn has seen a 14%…

By Faisal IslamEconomics editor6 May 2024Updated 2 hours agoTo play this content, please enable JavaScript, or try a different browserVideo caption, Watch: Shadow chancellor claims abolishing National Insurance is a "tax bombshell aimed at British pensioners"The government is "gaslighting" Britain over the state of the economy and its plans are…

(KTLA) — It’s no secret that California is one of the most expensive places to live in the U.S., but a new report shows there are other spots that can be hard on your wallet. In a recent analysis, Forbes Advisor ranked the best – and worst – places for those trying to save money. The Los Angeles-Long Beach-Anaheim metro area…

US active asset managers are getting left behind as investors tiptoe back into the markets via index tracking funds.Active mutual funds experienced outflows of more than $50bn in the first three months of the year, according to Morningstar Direct, hurting large asset managers such as Capital Group, T Rowe Price and Franklin Templeton. Instead,…

(Bloomberg) -- Marty Malinow's mom never could get her head around what her son did for a living. To friends, she said he was “a stockbroker that does something with the weather.” Malinow couldn’t really object — he knew most people had no clue about financial contracts based on things like sunshine, rainfall and wind.Most Read from…

Before today's non-farm payrolls report, I noted that the low estimate in the Refinitiv survey was from Ian Shepherdson at Pantheon and asked him why. One of the things he highlighted was the softening National Federation of Independent Businesses survey of hiring intentions.Despite generally strong seasonal biases in the April non-farm payrolls…

People walk in the rain over London Bridge in central London. Picture date: Tuesday March 12, 2024.Lucy North - Pa Images | Pa Images | Getty ImagesThe U.K.'s "sluggish" growth prospects have put it on course to be the worst-performing economy of all advanced nations next year, according to new forecasts from the Organisation for Economic…

(Bloomberg) -- Oil extended a decline, with industry data pointing to a gain in US crude inventories ahead of a Federal Reserve policy decision due later.Most Read from BloombergBenchmark Brent futures briefly fell below $85 a barrel for the first time since mid-March, while West Texas Intermediate traded below $81. US crude stockpiles increased…

By Shristi Achar A and Shashwat Chauhan(Reuters) -U.S. stocks were poised for a lower open on Tuesday as stronger-than-expected labor costs signaled persistent inflationary pressures, while caution prevailed ahead of the Federal Reserve's interest rate decision.Data showed employment costs for the first quarter rose 1.2%, stronger than estimates…

Credit card delinquency rates fell last month as consumers continued to spend. As Seeking Alpha reported Sunday (April 28), the average delinquency rate dipped from 3.09% in February to 2.92% in March, though it has risen from 2.49% a year ago. The average is still higher than the pre pandemic 2.76% recorded in March…