Economy

Brexit economy: workers face squeeze but firms remain upbeat

Shoppers apparently shrugged off any worries about rising prices to keep spending in April. Photograph: Luke MacGregor/Reuters The Brexit squeeze on household budgets has intensified over the past month, but companies and investors remain cautiously optimistic about the economic outlook in the run-up to the election, a Guardian analysis shows. With a fortnight to go until the general election, the ... Read More »

Lack of Workers, Not Work, Weighs on Utah’s Economy

Juan Guerrero, right, and Joseph Waseme securing materials on a truck bed at a Roofers Supply lot in Salt Lake City. The company needs at least 15 more drivers to meet demand, but has had trouble finding workers.CreditKim Raff for The New York Times SALT LAKE CITY — Stephanie Pappas and her brothers built their roofing supply company in this ... Read More »

Trump’s grade on the economy: a B, for now

More than anything else, the performance of the economy during the next several years is likely to determine whether Donald Trump succeeds or fails as president. So how’s he doing? And how should we measure his success in the future? Well, for starters, the economy has earned a solid B since Trump took office in January, according to an exclusive ... Read More »

Proven Strategies for Building Trust in the New Sharing Economy

While the sharing of resources among individuals is not new, the last five years have seen an explosion in collective sharing thanks to the Internet. From AirBnb and Uber to Car2Go and Rover, the new sharing economy business model gives consumers access to unused goods and services. From power tools to dog sitting to a ride to the airport, the sharing economy is revolutionizing how to acquire ... Read More »

Petrol, Diesel Prices Poised For A Cut. How Much Could You Save

Your visit to a fuel station to fill up petrol or diesel after the 15th of this month may leave you surprised: your bill might be less than you think. Global fuel prices have fallen over the past fortnight while the rupee has remained stable. Oil marketing companies like Indian Oil (IOC) and Hindustan Petroleum (HPCL) have already passed on ... Read More »

20 Surprising Stats About the Gig Economy

More than a fourth of the U.S. is now officially part of the freelance gig economy, a recent report indicates. In the future, more and more people of all ages and ethnicity will declare their independence from the 9-to-5 daily corporate grind for the freedom, autonomy and self-determination that the freelance, gig economy lifestyle brings. So says a new report ... Read More »

Delhi Metro Raises Fares; Minimum To Be Rs. 10

New Delhi: Come Wednesday, commuters will have to shell out more for travelling on the Delhi Metro, with the authorities announcing a fare hike today. The new minimum fare will be up from Rs. 8 to Rs. 10 while the maximum would be Rs. 50, a Metro spokesperson said. This arrangement will be in place till September. From October, the ... Read More »

Fed is expected to ignore the fact that the economy barely grew in the first quarter

The Federal Reserve is expected to signal that it sees the paltry economic growth in the first quarter as a temporary phenomenon that will not get in the way of its plans to raise interest rates. The Fed has forecast two more interest rates hikes for this year, and the market thinks odds are greater than 50 percent that the ... Read More »

The North Korean economy is actually growing despite sanctions

  Resolute in its commitment to communism and plagued by sanctions, North Korea has one of the most isolated economies in the world. And yet its economy is showing signs of expanding — potentially at a pretty decent pace. This weekend the New York Times’s Choe Sang-Hun wrote a fascinating article showing how the country has been experiencing economic success ... Read More »

The US economy is leaving these states behind

President Donald Trump has promised voters his administration’s policies will quicken the pace of U.S. growth to three percent a year or more. Even if his administration hits that target for the national economy, some states will likely continue to be left behind. The latest government data Friday shows just how much work the Trump administration faces if it hopes ... Read More »