What’s your money worth? A series from the front lines of the cost-of-living crisis, where people who have been hit hard share their monthly expenses. Name: Manisha Santosh Kadam Age: 42 Born: Manchar, in the Indian state of Maharashtra Occupation: Cook Lives with: Her husband, Santosh, 48, their daughter, Rithuja,…
Wednesday’s “disappointing” inflation data in the United States showed a jump from February, dampening expectations of an interest rate cut and raising concerns that inflation could remain stubbornly high. The data has implications not just for the US Federal Reserve, which sets interest rates, but also for the candidates in…
All eyes will be on Friday’s US unemployment numbers to see how many jobs were added in March and whether the unemployment rate continues to stay in its historically low range or if it is time for the alarm bells to start ringing. Job growth in the United States has…
Keerthi Subramanian, a shop clerk in South London, earns 10.42 pounds ($13.15) an hour. From Monday that will go up by 1.02 pounds ($1.29) to 11.44 pounds ($14.44) as a new United Kingdom minimum wage kicks in. That is not much help, she says. “At just over 10 pounds, I…
The appointment comes a few hours after the resignation of Hafize Gaye Erkan citing a media scandal. President Recep Tayyip Erdogan has named the central bank’s Deputy Governor Fatih Karahan as its new head following the resignation of the chief, Hafize Gaye Erkan. The appointment of the former senior economist…
Carlin Putman of Houston, Texas worked at AIG for more than two decades. Earlier this year, she lost her job. She was devastated. But the writing was on the wall for months as the company tried to cut costs. “No matter how much work we had, it was working off…
Sonia Israel and her two daughters are among the more than 100 tenants of a housing complex in Toronto’s Thorncliffe Park neighbourhood who have been on a rent strike since May, withholding payment in an effort to pressure landlords to stop the process of increasing rents massively. The landlords –…
US hiring slowed in March – but the jobs market remains historically tight in a trend that could put pressure on the embattled Federal Reserve to proceed with another interest rate hike. Nonfarm payrolls increased by 236,000 last month, according to the Labor Department’s closely-watched March jobs report released Friday….
New Yorkers are giving Gov. Kathy Hochul even lower marks when it comes to confronting the rising cost of living in the Empire State than the below water rating they gave her on fighting crime, a new poll reveals. “Crime and cost of living were voters’ top two priorities for…
WASHINGTON — President Biden celebrated a slight decline in the rate of annual inflation to 7.1% Tuesday — while warning a return to normal rates of around 2% was “going to take time” and that there may be “setbacks along the way.” Biden spoke after new data showed annual price…
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