Workers Are Doing Less Work for the Same Pay – WSJ
Employers are offering more paid time off in a strong labor market. Employees are using it. Americans are increasingly getting paid for not doing work.
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France Posts Slight Growth in Boost for Struggling Euro Zone – Bloomberg
French output grew slightly in the third quarter — providing some support to the euro area as it grapples with higher interest rates and prolonged manufacturing
Marketable US Treasury Debt to Explode by $2.85 Trillion in the 10 Months from End of Debt Ceiling to March 31, 2024 – Wolf Street
The US government is borrowing such huge amounts to fund its gigantic and reckless deficits that the whole world is paying attention. The Treasury Department’s
Q3 gold demand firmly above longer-term average – World Gold Council
Central banks gold buying maintained a historic pace but fell short of the Q3’22 record. Jewellery demand softened slightly in the face of high gold
Elon Musk’s X says it is worth $19bn one year after acquisition – The Financial Times
Social media platform X, formerly known as Twitter, has valued its equity at $19bn, the company told employees, a year after Elon Musk acquired it
The Five Main Drivers of Global Economic Uncertainty
Businesses, governments, and investors were already navigating a foggy global landscape before the tragic events unfolding in the Middle East. But the horrible conflict between
Does Strong Growth Fuel Inflation? Fed Debates Whether Old Model Still Applies – WSJ
Since Federal Reserve officials last raised interest rates in July, the economy is doing two things that central bankers don’t think it can sustain much
Investors are returning to hedge funds. That may be unwise – The Economist
Superheroes are useless when times are good. If Gotham was a safe and pleasant place, Batman would probably just spend his days relaxing in a
Americans Can’t Stop Spending. Five Reasons Why – WSJ
Americans’ prolonged spending spree has confounded economists and resulted in a surging U.S. economy. What’s keeping their feet off the brakes? A strong labor market,
UK summit on AI ‘squeezing out’ workers, say labour groups – The Financial Times
Trade unions and rights campaigners have accused the UK government of “squeezing out” millions of workers from this week’s artificial intelligence summit, while giving too