Economy

The unemployment rate has hovered at 3.7 percent for months. But it is the TikTok-famous “quiet quitting” and live-tweeted resignations that really explained what was going on in America’s job market in 2022, a moment of renewed worker power and remarkable upheaval. While government data can tell us that the world is rapidly changing three […]

Google workers in Switzerland sent a letter this month to the company’s vice president of human resources, outlining their worries that a new employee evaluation system could be used to cull the work force. “The number and spread of reports that reached us indicates that at least some managers were aggressively pressured to apply a

The Federal Reserve’s preferred inflation measure is showing signs of moderating after months of rapid price increases, and a closely watched gauge of consumer spending slowed last month, a sign that the economy may have less steam as it heads into 2023. The Personal Consumption Expenditures price index climbed 5.5 percent in November from a

Mr. Bankman-Fried’s business and political empire was always a family affair. The FTX founder was a prolific political donor, and he was part of a network of contributors who gave money to groups recommended by Mind the Gap, people familiar with the organization said. He also helped bankroll a nonprofit organization called Guarding Against Pandemics

Plus, “sellers don’t have to sell,” said Mike Fratantoni, chief economist at the Mortgage Bankers Association, who expects home prices to be “flattish” next year as demand wanes but supply, which was already sharply limited after a decade of under-building following the 2007 housing crash, further pulls back. Given all the moving parts, many analysts

Forget Stock Predictions for Next Year. Focus on the Next Decade.   Instead, embrace uncertainty. Accept that you need to invest without knowing what will happen to your money over the short term. So be sure, first, to put aside enough money in a safe place, like a bank account or money-market fund, to pay

US Cracks Down on Chinese Companies for Security Concerns   WASHINGTON — The Biden administration on Thursday added 36 companies and organizations, including a major Chinese chip maker, to a so-called entity list that will severely restrict their access to certain products, software and technologies. The action, which is aimed at further stymieing China’s efforts

U.K. Inflation Rate Slows to 10.7 Percent Britain’s inflation rate eased away from a 41-year high on Wednesday, but the slowdown brings only limited relief to a nation gripped by a deep cost-of-living crisis. Consumer prices in Britain rose 10.7 percent in November from a year earlier, bringing the rate of inflation down slightly from

Inflation Cooled Notably in November, Good News for the Fed   Inflation slowed more sharply than expected in November, an encouraging sign for both Federal Reserve officials and consumers that 18 months of rapid and unrelenting price increases are beginning to meaningfully abate. The new data is unlikely to alter the Fed’s plan to raise

The Federal Reserve signals more to come even as it slows rate increases.   Federal Reserve officials on Wednesday slowed their campaign to cool the economy but indicated that interest rates would rise higher in 2023 than previously expected as inflation proves more stubborn than policymakers had hoped. Fed officials voted unanimously at the conclusion