A trader works as a screen displays a news conference by Federal Reserve Board Chair Jerome Powell following the Fed rate announcement, on the floor of the New York Stock Exchange on Dec. 13, 2023. Brendan Mcdermid | Reuters Just in time for the holidays, the Federal Reserve received a slate of inflation data to … Read more
A gauge the Federal Reserve uses for inflation rose slightly in November and edged closer to the central bank’s goal. The core personal consumption expenditures price index, which excludes volatile food and energy prices, increased 0.1% for the month, and was up 3.2% from a year ago, the Commerce Department reported Friday. Economists surveyed by … Read more
The U.S. is running out of miners. More than half the nation’s mining workforce, about 221,000 workers, is expected to retire by 2029, according to the Society for Mining, Metallurgy & Exploration, and the number of candidates willing to fill those slots is shrinking. “Our workforce is aging,” said Bold Baatar, chief executive of copper at … Read more
People shopping on Oxford Street in London. Picture date: Thursday December 29, 2022. (Photo by James Manning/PA Images via Getty Images) James Manning – Pa Images | Pa Images | Getty Images LONDON — The U.K. is edging closer to recession after revised figures showed the economy shrank in the previous quarter. U.K. gross domestic … Read more
Vacations can be fabulously relaxing. But booking one is another story. The average traveler views 141 pages of travel content in the 45 days prior to booking a trip, according to an Expedia Group report. The most popular site to visit was an OTA — or “online travel agency” — which is an industry term … Read more
With the Red Sea diversions by shipping companies including Maersk continuing amid the risk of attacks by the Houthis, global logistics managers are faced with a two-front storm of rising ocean and air freight prices and stranded cargo. Both are threats to the global supply chain after three tumultuous years of inflationary pressures and delays … Read more
Japan and Thailand are two of the most popular places to visit in Asia. But both are losing ground with Chinese nationals as safety concerns rise among younger travelers. Both countries were the top choices for Chinese holidaymakers earlier this year but fell in the third quarter — Thailand to No. 6 and Japan to … Read more
Some workers go to great lengths to hide hush trips from their bosses. But employees of the Polish company PhotoAid needn’t bother. The company, which helps travelers take their own passport photos at home, allows its employees to stay at an apartment in Spain for free — provided they work while they’re there. The apartment … Read more
Traders work on the floor of the New York Stock Exchange during morning trading on December 13, 2023 in New York City. Michael M. Santiago | Getty Images After nine straight sessions of gains, Wall Street suddenly took a turn around an hour and a half before the closing bell on Wednesday, leading the S&P … Read more
The U.K. and Switzerland are deepening the ties between their financial services sectors with a new post-Brexit deal. Sopa Images | Lightrocket | Getty Images LONDON — The U.K. and Switzerland on Thursday will sign a post-Brexit financial services deal designed to bring two of Europe’s largest banking centers closer together. British Finance Minister Jeremy … Read more
