Economy

Biden Signs Bill Averting Strike, to Rail Unions' Dismay

Congress and the Biden administration this week used the provisions of a 96-year-old labor law to force unions representing thousands...

Biden Signs Bill to Block US Railroad Strike

President Joe Biden signed legislation Friday to block a national U.S. railroad strike that could have devastated the American economy....

US Job Growth Beats Expectations; Unemployment Rate Steady...

U.S. employers hired more workers than expected in November and raised wages despite mounting worries of a recession, which could...

US Central Bank Hints at Less Severe Interest Rate Hikes

The U.S. central bank could scale back the pace of its interest rate hikes "as soon as December," Federal Reserve Chair Jerome Powell...

Cyber Monday Deals Lure In US Consumers amid High Inflation 

Days after flocking to stores on Black Friday, consumers are turning online for Cyber Monday to score more discounts on gifts and...

Electric Vehicles, a Century Old, Gain Speed in Marketplace

The International Energy Agency says 13% of cars sold worldwide this year will be electric. Mike O’Sullivan reports from Los Angeles...

US Black Friday Online Sales Hit $9 Billion Despite Inflation

U.S. shoppers spent a record $9.12 billion online on Black Friday, a report showed Saturday, as consumers weathered the squeeze from...

World Economic Outlook for 2023 Increasingly Gloomy

The outlook for the global economy headed into 2023 has soured, according to a number of recent analyses, as the ongoing war in Ukraine...

Ghana to Use Gold to Buy Oil Instead of US Dollars to Address...

Ghana's finance minister says the country is at high risk of debt distress as the currency, the cedi, has depreciated against the...

Musk Plans to Relaunch Twitter Premium Service, Again

Elon Musk said Friday that Twitter plans to relaunch its premium service that will offer different colored check marks to accounts...

China Frees Up $70 Billion for Banks to Underpin Slowing...

China said on Friday it would cut the amount of cash that banks must hold as reserves for the second time this year, releasing about...

Inflation Clouds 'Black Friday' Shopping Bonanza

Retailers braced for their biggest test of the year: Will U.S. consumers open their wallets wide for the Black Friday sales that kick...

Wildlife Summit to Vote on Shark Protections 

Delegates at a global summit on trade in endangered species were scheduled to decide Thursday whether to approve a proposal to protect...

Inflation Worries Turn US Holiday Shopping Into Bargain...

In the U.S., the 2022 holiday shopping season officially begins on Friday, the day after Thanksgiving Day. VOA’s Chris Casquejo looks...

Electric Cars Steal the LA Car Show 

One of the world's largest auto shows is underway in Los Angeles. The headline this year is high tech and electric vehicles. Veronica...

US Supply Chain Under Threat as Unions, Railroads Clash

Railroad engineers accepted their deal with the railroads that will deliver 24% raises but conductors rejected theirs, threatening...

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