New York City is losing jobs, making life difficult for Mayor Zohran Mamdani as he seeks to close a massive budget deficit while emphasizing economic justice over growth. The city lost 20,000 jobs by 2025 to end the year with 4.823 million employees, according to updated employment figures released Thursday by the state labor department. … Read more
Economic shocks from war to Middle East it will last for months, Prime Minister Anthony Albanese he announced in the unusual language of the pre-public period, suggesting Australians should try to save fat where possible. In a short speech broadcast online tonight, he outlined the steps the government has taken to address the growing problem. … Read more
Stocks rallied on Tuesday, with the S&P 500 closing up 2.9%, the Nasdaq up 3.8% and the Dow gaining 1,125 points. Subscribe to read this story without ads Get ad-free articles and exclusive content. But this very good day capped a very bad month for US rates. The S&P 500 fell 5.09% in March, and … Read more
Americans woke up to higher gas prices on Tuesday, and some experts warned that the global oil crisis could worsen as Yemen’s Houthi rebels join the war against Iran. On Tuesday morning, the average price of gas in the US was US $ 4.018 per gallon, according to AAA, which tracks gas prices nationwide. According … Read more
STATEN ISLAND, NY – The Staten Island Economic Development Corporation held a public discussion at the Grand Oaks Country Club on the US economy and its impact on Staten Island, with an official from the Federal Reserve Bank of New York. The conference, chaired by SIEDC President, Michael Cusick, brought together business leaders, financial advisors … Read more
Canada’s economy grew by 0.1% month-on-month in January The preliminary estimate shows growth in February to be around 0.2% Growth in January was led by manufacturing industries Service industries stand out as real estate contractors OTTAWA, March 31 (Reuters) – Canada’s economy grew modestly in January, with monthly output rising slightly as strength in many … Read more
Listen to this article 4 minute estimate The audio version of this article is generated by AI-based technology. Incorrect names may appear. We work with our partners to constantly review and improve results. In 2024, city council adopted Ottawa’s economic development plan, a multi-year plan to build a city that is “economically diverse and prosperous.” … Read more
Mickey Lyons is waiting to book his next vacation – at least until the prices drop. Loading audio description… “I can’t believe I’m saying this,” said the 53-year-old Detroit resident. “But I’m thinking of driving across the border to Windsor, Ontario, and taking a 12-hour train ride to Montreal rather than deal with the airport … Read more
Iran’s already collapsing economy is now headed for complete collapse after weeks of war. Food prices are rising not only daily but hourly, with some foods increasing by at least 50 percent compared to pre-war levels. At the same time, the interruption of internet access has stopped many services. Factories and manufacturing facilities are facing … Read more
This week will continue to be dominated by developments in the Middle East. On Friday, the US and Israel struck Iran’s nuclear and missile facilities, and Iran retaliated across the Persian Gulf, as President Trump pushed for a deadline for Tehran to reopen the Strait of Hormuz or face further attacks on its infrastructure. The … Read more