Current track

Title

Artist

Current show

The Morning Hustle

5:00 am 9:00 am

Current show

The Morning Hustle

5:00 am 9:00 am


economy

Catherine McQueen/Getty Images (WASHINGTON) — The U.S. hiring saw a dramatic increase in July, as the economy added 528,000 jobs and the unemployment rate fell to 3.5%, according to data released by the Bureau of Labor Statistics on Friday. The report defied expectations of a hiring slowdown as the Federal Reserve carries out a fight […]

Anna Moneymaker/Getty Images (WASHINGTON) — President Joe Biden on Thursday pointed to robust job growth and low unemployment that should, he argued, quell growing concerns of a financial downturn after it was announced that the economy contracted for a second consecutive quarter — meeting a common but unofficial definition for a recession. Biden opened a […]

Anton Petrus/Getty Images (WASHINGTON) — The U.S. economy shrank 0.9% in the second quarter of this year, the Commerce Department reported Thursday morning, marking the second quarter in a row that the nation’s gross domestic product (GDP) has declined. The economy contracted 1.6% in the first quarter of 2022. According to the Commerce Department, the […]

Javier Ghersi/Getty Images (NEW YORK) — As recession forecasts have grown dire in recent months, they’ve faced one complication: Strong economic data. The U.S. showed robust job growth last month, defying expectations of a slowdown and keeping the unemployment rate at a near-historic low of 3.6%. Meanwhile, retail spending, a key indicator of economic health […]

Big tech seems convinced that the global economy is headed for a recession.  Silicon Valley seems to be estimating that the economic slowdown will be sharp or even brutal. Tech companies and venture-capital firms, which finance tech startups, do not want to be caught off guard, especially when the economic data are not very reassuring.  […]

sefa ozel/Getty Images (NEW YORK) — The U.S. economy shrank in the first three months of 2022, after years of growth, according to a new report. Economists had expected consumer spending to accelerate in March, as rising wages prompted more American spending on services such as dining out and travel. Watch the full report from […]

China needs more children to defuse a demographic time bomb that threatens to derail Chinese President Xi Jinping’s ambitions to double China’s economy by 2035. To achieve that goal, Beijing is corralling local administrations and businesses to encourage reluctant women to give birth – by offering everything from baby bonuses, to discounted mortgages and paid […]