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News Articles: Economy

Residents walk through a partially shuttered Evergrande commercial complex in Beijing, Monday, Jan. 29, 2024.

Tagged as: 

  • Asia

Hong Kong court orders China's Evergrande, which owes $300 billion, to liquidate

China Evergrande is one of the biggest Chinese developers that have collapsed under pressure to rein in surging debt the ruling Communist Party views as a threat to China's slowing economic growth.

January 30, 2024
|
By:
  • The Associated Press
A UPS e truck is parked on a street in New York on May 11, 2023. On Tuesday, the company said it will cut 12,000 jobs.

Tagged as: 

  • Business

UPS is cutting 12,000 jobs just months after reaching union deal

UPS will cut 12,000 jobs and released a revenue outlook for this year that sent its shares down sharply. CEO Carol Tome said that the job cuts will produce $1 billion in cost savings.

January 30, 2024
|
By:
  • The Associated Press
The Southern LNG facility sits along the Savannah River on Elba Island, just east of Savannah.

Tagged as: 

  • Environment

Biden order on liquefied natural gas stymies proposed expansion of Georgia export facility

LNG methane emissions need to be scrutinized, says White House climate advisor.

January 29, 2024
|
By:
  • Benjamin Payne
In western Arizona, Ivan Bender, a Hualapai tribal member, points to an area, bordering Hualapai land, where an Australian mining company is exploring for lithium - a key metal in electric vehicle batteries.

Tagged as: 

  • Climate

Demand for minerals sparks fear of mining abuses on Indigenous peoples' lands

There's a growing demand for minerals as the world ramps up manufacturing of climate solutions. Experts say more than half of these mining projects are on or near lands of Indigenous peoples.

January 29, 2024
|
By:
  • Julia Simon
The Greyhound bus station in Richmond, Va., sits on prime real estate. Developers now plan to raze it and build apartment towers and retail space. It's one of many bus stations being shut down.

Tagged as: 

  • Business

Greyhound stations were once a big part of America. Now, many of them are being shut

Greyhound bus stations are being shut down and redeveloped. The closures are leaving passengers without a warm place to get a snack, use the restroom or wait for the bus.

January 28, 2024
|
By:
  • Scott Horsley

Tagged as: 

  • Games & Humor

'Wait Wait' for January 27: With Not My Job guest Treasury Secretary Janet Yellen

Janet Yellen is the Secretary of the Treasury of the United States, so naturally, we've asked her about things that are treasure-y, specifically, the items people bring onto the Antiques Roadshow.

January 27, 2024
|
By:
  • GPB Newsroom
The 2024 Georgia Economic Outlook at Columbus State University, a partnership between the University of Georgia and Columbus State University, provided an economic forecast to Columbus-area business civic leaders.

Tagged as: 

  • News

What is the economic outlook for Georgia this year? 5 key takeaways for Columbus

Economists say the state’s economy may experience a slowdown in 2024 but will likely avoid a recession. Business and civic leaders in Columbus who attended the University of Georgia’s Economic Outlook Tuesday heard the 2024 economic forecast for Georgia and the Columbus region from experts about job growth, inflation and other factors that could impact the financial picture.

January 26, 2024
|
By:
  • Brittany McGee
A person carries shopping bags at a shopping center on the day after Christmas on Dec. 26, 2023 in Glendale, Calif. Strong consumer spending helped drive better-than-expected economic growth in the final months of 2023.

Tagged as: 

  • Economy

Many experts feared a recession. Instead, the economy has continued to soar

The U.S. economy grew substantially faster in the final months of 2023 than forecasters had expected. For all of last year, the economy grew 3.1% — defying forecasts of a likely recession.

January 25, 2024
|
By:
  • Scott Horsley
A new Harvard University report finds that housing was unaffordable for a record half of renters in 2022. And a softening rental market might not help those who struggle most.

Tagged as: 

  • National

Housing is now unaffordable for a record half of all U.S. renters, study finds

A new Harvard analysis finds people across income levels got squeezed by rent hikes during the pandemic. The market has lost millions of low-rent places, and new construction is mostly high-end.

January 25, 2024
|
By:
  • Jennifer Ludden
Cook County board president Toni Preckwinkle (center) announces the county's debt relief program, along with executives from several local hospitals and Allison Sesso, President & CEO of RIP Medical Debt (far left).

Tagged as: 

  • Health

A growing wave of local governments are erasing billions in medical debts

New York City joined other localities this week in pledging to buy up and forgive residents' unpaid medical bills. The trend started in Cook County, Ill., and is spreading around the country.

January 24, 2024
|
By:
  • Yuki Noguchi
People in Ramallah look into the window of a gold store, one of the West Bank businesses affected by the economic decline resulting from Israel's war in Gaza.

Tagged as: 

  • World

The West Bank economy has been hammered by war

More than three months into Israel's war in Gaza, the economy of the West Bank is reeling. Many fear the economic pain may lead to even more violence in the territory.

January 24, 2024
|
By:
  • Frank Langfitt
A Nissan Rogue exits the bay of the vehicle carrier Neptune Ace at the Port of Brunswick in Georgia.

Tagged as: 

  • Business

‘Ro-ro’ your boat to Georgia: Why the state sees a lucrative future in automotive shipping

The rural Port of Brunswick is trying to overtake the Port of Baltimore as the top “roll-on/roll-off” port in the U.S.

January 24, 2024
|
By:
  • Benjamin Payne
Myrna Aguilar and her son, David Thornton, pose for a portrait at their home in Los Angeles. Thornton applied for a pell grant last year, but did not qualify this academic year even though their income hasn't changed.

Tagged as: 

  • Education

Exclusive: The Education Department says it will fix its $1.8 billion FAFSA mistake

The U.S. Department of Education says it will fix a mistake that would have hurt low-income students, lowering their financial aid.

January 23, 2024
|
By:
  • Cory Turner
A home for sale sign on Tuesday, Jan. 16, 2024, in Kennesaw, Ga. On Friday, the National Association of Realtors reported that 2023 saw the smallest number of home sales in nearly 30 years.

Tagged as: 

  • Economy

2023 was the worst year to buy a house since the 1990s. But there's hope for 2024

Realtors hope it will be easier to buy a house in 2024. It can't get much harder: last year was one of the slowest on record thanks to high mortgage rates coupled with a housing shortage.

January 20, 2024
|
By:
  • Chris Arnold
The Galaxy Leader cargo ship was seized by Houthi fighters in the Red Sea in late November. The Bahamas-flagged, British-owned Galaxy Leader, operated by a Japanese firm but having links to an Israeli businessman, was headed from Turkey to India when it was seized and rerouted to the Yemeni port of Hodeida.

Tagged as: 

  • Middle East

As Houthi attacks on ships escalate, experts look to COVID supply chain lessons

Shipping experts hope lessons learned during the COVID-19 pandemic, the Suez Canal disruption in 2021 and Somali pirate attacks more than a decade ago will mitigate widespread problems this time.

January 20, 2024
|
By:
  • Scott Neuman
  • Load More

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