Why Jamie Dimon apologized to Elizabeth Warren
Warren began her line of questioning by asking how many instances of fraud had been reported to his bank from customers using Zelle, a popular payment platform jointly owned by…
3 ways China and Russia are forging much closer economic ties
When they last met, in February in Beijing during the Winter Olympics, they proclaimed their friendship had “no limits.” Since then, Russia has sought ever closer ties with China as…
Workers at two big British ports to strike later this month
Fresh strikes are planned from Sept. 27 to Oct. 5 after port workers voted by an 82% majority to reject a 7% pay offer, Unite said in a statement. “Further…
Analysis: The clock is ticking on the next big threat to the US economy
And right now, businesses are anxious as the unions representing more than 60,000 workers plan to walk off the job at the end of the week if they can’t secure…
Analysis: China’s economy is in bad shape and could stay that way for a while
The world’s second biggest economy is grappling with the impact of severe drought and its vast real estate sector is suffering the consequences of running up too much debt. But…
Weekly jobless claims fall again, underscoring tight job market
The initial weekly claims figure, which is at its lowest level in just over three months, is below the previous week’s downwardly revised level of 228,000 and lower than economists’…
Yes, the unemployment rate rose. Here’s why that’s good news
In a normal labor market, rising unemployment is a red flag. But even though today’s labor market is far from normal, last month’s rise in unemployment is actually an indication…
Strikes sweep Britain as soaring inflation savages living standards
More strikes could be on the way this fall, threatening unprecedented disruption across a range of industries. Teachers, doctors and nurses are set to vote on strike action in the…
From energy to drinking water, China has lots to fix in its economy
The new measures announced by China’s cabinet on Wednesday amount to more than 1 trillion yuan ($146 billion) in funding to improve infrastructure, ease power shortages, and tackle drought, including…
China’s worst heatwave in 60 years is forcing factories to close
Sichuan is a key manufacturing location for the semiconductor and solar panel industries and the power rationing will hit factories belonging to some of the world’s biggest electronics companies, including…