Manufacturing activity in the U.S. contracted at a slightly faster rate in the month of March, according to a report released by the Institute for Supply Management on Monday. The ISM said its manufacturing PMI dipped to 46.3 in March from 47.7 in February, with a reading below 50 indicating a contraction. Economists had expected the index to edge down […]

This article originally appeared in Refinery29 Australia. Welcome to Money Diaries, where we ask real people how they spend and save their money during a seven-day period, tracking every last dollar. Anyone can write a Money Diary! Want to see yours here? Here’s how. Today: a program manager who makes $132,000 a year and spends some of her money this […]

Americans are known for not taking vacations. While many people in the US toil through the summer, many Europeans have all of August off. There is even a theory that America’s productivity and the success of many businesses are due to what is viewed as an unhealthy worth ethic. A new study shows this to be true. Widely regarded Pew […]

Germany’s consumer price inflation eased markedly in March as the sharp increase in energy prices seen over the same period last year dropped out of the annual comparison, flash estimate from Destatis showed Thursday. Consumer prices increased 7.4 percent year-on-year in March but this was notably weaker than the 8.7 percent increase registered in February. Prices were expected to climb […]

Powerful investors say plans to develop new fossil fuel projects in Australia are already facing major challenges and doubts about their viability in a decarbonising world, even before the federal government’s introduction of tougher emissions limits later this year. The Albanese government on Monday struck a deal with the Greens over new laws that will force the nation’s 215 biggest […]

The Reserve Bank is inflicting pain on mortgage holders and, unsurprisingly, they don’t like it. Monetary policy has been tightened at the fastest pace since inflation targeting began in the early 1990s and consumer sentiment measures are at recessionary levels. The cost of living is biting, and mortgage pain is the bitter cherry on a cake that’s suddenly doubled in […]

New York lawmakers are presently reviewing proposed budgets, and among many proposals under review, one debatable provision is expanding the Empire State Child Credit to include children of all ages. Currently, only children between four and 17 qualify for the Empire State Child Credit. Expanding The Empire State Child Credit: What Does It Mean? New York’s Empire State Child Credit […]

When it comes to economics, the central question to ask yourself is this: do you sincerely want to be rich? Those with long memories – or Google – know this was the come-on used by the notorious American promoter of pyramid schemes, Bernie Cornfeld. But that doesn’t stop it being the right question. It’s actually a trick question. Most of […]

To a man with a hammer, a renowned psychologist once posited, everything looks like a nail. For most of his decade in power, Xi Jinping, China’s leader, has usually arrived at the same conclusion for how best to deal with the country’s issues: get the Communist Party more involved. And now, as China is confronting an economy lacking the dynamism […]