Category: Economy

Revised data released by the Commerce Department on Wednesday showed U.S. economic activity shrank by slightly more than previously estimated in the first quarter of 2022. The report showed the decrease in real gross domestic product in the first quarter was revised to 1.6 percent from the previously reported 1.5 percent. Economists had expected the […]

Athletic-apparel giant NIKE Inc. (NKE) Monday reported its fourth-quarter results, with profit beating Wall Street view, helped by higher-than-expected revenue growth, as strong demand in Europe helped the company offset lower sales in China. Beaverton, Oregon-based Nike’s fourth-quarter profit rose to $1.44 billion or $0.90 per share from $1.51 billion or $0.93 per share last […]

It’s been more than 20 years now since former federal treasurer, Peter Costello, famously exhorted Aussie women to have “one for mum, one for dad and one for the country”. In addition to direct pleading, Costello also tried cash handouts and a series of intergenerational reports warning of the dire budgetary consequences if women did […]

The dramatic jump in inflation, which has already hit an annual rate of 5.1 per cent and will likely rise further, is a huge shock to the economy, but not all Australians face the same pressures. Some businesses are certainly struggling because they cannot pass on to their customers the higher costs of inputs, but […]

The COVID-19 pandemic has seen many employees switch to working from home – at least for part of the week – but the revolution sweeping across the workforce is far wider. Employers should take heed: Students nowadays and soon to enter the workforce have markedly different expectations about their jobs than earlier generations, new research […]

A debate about the value of a college education has gone on for years. People with college degrees tend to make more than high school graduates. However, these college graduates often face tens of thousands of dollars in student loans. And, over the years these loans must be paid off people have to put off […]

The European Central Bank said on Thursday that it “intends” to raise its key interest rates by a quarter basis point in July after policymakers assessed that the three conditions that should be satisfied before the bank starts raising rates have been met. The central bank also unveiled the latest ECB Staff macroeconomic projections that […]

A day ahead of the release of the Labor Department’s more closely watched monthly jobs report, payroll processor ADP released a report on Thursday showing private sector employment increased by much less than expected in the month of May. ADP said private sector employment climbed by 128,000 jobs in May after jumping by a downwardly […]

There are days now when you can almost forget about the virus. Hundreds of thousands of people around the world are still being infected with COVID-19 daily, but after more than two years and millions of lost lives, the pandemic has given way in headlines and breaking-news crawls to older and more familiar atrocities. The […]

The extent to which active share fund managers – particularly those that invest in global markets – struggle to produce returns exceeding their benchmarks has been laid bare in new research. Active funds promise to outperform markets after fees, but few do so, and those that outperform for a period often fall back to the […]