Economy

A majority of Americans believe the Biden administration has not focused enough on the economy and inflation, and 50 percent say the president’s first year in office has left them feeling “frustrated,” a new poll released on Sunday shows.  Fifty-eight percent say the Biden White House has not put enough attention on…

Cyber-activists opposed to the president of Belarus, Alexander Lukashenko, say they have penetrated the state-run railway’s computer system and threatened to paralyse trains moving Russian troops and artillery to the country for a potential attack on Ukraine.Their goals include freeing political prisoners, removing Russian soldiers from Belarus…

MOSCOW, Nov 16 (Reuters) - President Vladimir Putin urged the Russian government on Wednesday to control car prices, as one industry head said Western sanctions could send annual sales crashing to below 1 million for the first time since records began.Auto sales have fallen over 60% so far this year, and may end up being less than a quarter of…

Consumer prices in December rose the most year-over-year since 1982, feeding into the Federal Reserve’s guidance that it may need to raise interest rates three times this year to combat inflation. But one economist says the last year has taught an important lesson: forecasters have to stay humble, and nimble. That means there’s no guarantee that…

New York CNN Business  —  Stocks were mostly higher Tuesday after the US government reported that wholesale prices rose at a far less dramatic rate than expected. That news come just a few days after another report showed that the pace of consumer price increases was also slowing.…

The threat of a devastating European ground war hasn’t done much to rattle financial markets so far, but investors still appear likely to snap up traditional safe-haven assets should Russia attack Ukraine, market watchers said.In that event, the “typical kind of conflict responses” would likely be in play, including moves into long-duration…

True to her socialist ideals, Queens City Councilwoman Tiffany Cabán is on a new crusade against the city’s private sector, seeking to outlaw firing. The city’s “Just Cause” law bars fast-food companies from firing or laying off workers or even cutting their hours by more than 15% “without just cause or a legitimate…

A record number of American workers quit their jobs before the holidays, but the trend wasn't evenly spread across the nation. Employees in a handful of states handed in their resignations at a much higher rate than the national average, according to new government data.  About 4.5 million people quit their jobs in November, an all-time…

Citing the implosion of FTX, US lawmakers on Tuesday expressed concern about the risks posed to retail investors and the broader financial system, and stepped up their calls for more stringent oversight of cryptocurrencies at a hearing with the country’s top banking regulators.“This should be a renewed call for Congress to take a serious look at…

HONG KONG — Perry Lam felt confident that his business had weathered the worst of the pandemic. Several rounds of bar closures in Hong Kong had dimmed the city’s vibrant nightlife, threatening to destroy his brewery. But things seemed better late last year.After the government’s relentless effort to stamp out the virus, there were no local…