The Latest Breaking News from Economy

With no endgame in sight, the government shutdown is expected to roll on for the unforeseeable future, injecting more uncertainty into an already precarious economy.

A viral chart showing the SP 500 soaring while job openings plunge has fueled fears that artificial intelligence is splitting the American economy in two. Since ChatGPT's debut in November 2022, the SP 500 has surged more than 70%, while job openings have fallen about 30%. Journalist Derek Thompson, writing…

Egypt on Saturday is inaugurating the Grand Egyptian Museum, aiming to boost tourism and revitalize the economy

German companies have paid nearly $2 billion (€1.72bn) in taxes to Russia since the Ukraine invasion, funding the war effort. Critics urge immediate withdrawal.

Whether it’s the World Series, the FIFA World Cup or the Olympic Games, the hope for hosting mega sporting events is that the economy will emerge as the true winner.

MGM Resorts International (NYSE:MGM) may be one of the more conspicuous real-time indicators of the economy's bifurcated nature. While many investors are praising the stunning rise of the equities market overall — thanks mostly to artificial intelligence and similar innovations — consumers on the ground are clearly facing steep challenges.…

Authorities in Kazakhstan seized digital assets worth €14.4 million and uncovered 81 illegal cash-out networks amid growing efforts to curb financial crime.

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The report says lost goods and services from furloughed workers’ downtime won’t be regained once the government reopens.