US weekly jobless claims race to 1-1/2-year high, economists urge caution

The number of Americans filing new claims for unemployment benefits surged to the highest level in more than 1-1/2 years last week, but layoffs are probably not accelerating as the data covered the Memorial Day holiday,

More News

SNP: Sunak trashing economy 'wee bit slower' than Truss?

Mhairi Black said UK interest rates were among the highest in the G7 and mortgages rates were rising, despite the claims of economic stability from Rishi Sunak. Oliver Dowden pointed out that the Organisation for Economic Co-operation and Development (OECD) had upgraded its growth forecast for the UK.

Economy class airplane bunkbeds get seal of approval as launch moves closer

Air New Zealand’s SkyNest, the upcoming reimagined economy class seating offering bunk beds in the skies, was among the winners at this year’s Crystal Cabin Awards, which celebrate innovation in airplane cabin interiors.

Thai Coalition Says Early Government Formation Vital for Economy

A coalition of Thai pro-democracy parties said a faster certification of the results of the May 14 vote can pave the way for an early government formation as it’s key to a non-disruptive budget transition to stimulate Southeast Asia’s second-largest economy.

Commercial real estate crash still looming over US economy

The commercial real estate market could see prices fall 40% this year due to several headwinds, including high interest rates and a possible credit crunch.

President Biden's on-stage fall serves as a 'metaphor' for US economy, ex-CEO rips

President Biden's surprise tumble last week represents a metaphor for the "falling, stumbling" U.S. economy, former CKE Restaurants CEO Andy Puzder claims.