US inflation eased slightly to 8.5% in July

Inflation in the United States was 8.5% in JulyOn Wednesday, the Labor Department said it was maintaining near its highest annual rate in four decades despite falling energy costs. Greg Dako, chief economist at EY-Parthenon, a consultancy, said the rapid rise in prices is continuing in the wake of higher inflation from goods, energy and … Read more

Michael Lewis teases a new book on Wall Street: ‘You’ll learn all about cryptocurrency’

Author Michael Lewis talks about his next project. But he said via video call from his home in Berkeley, California: “I’m going to lift my skirt a little bit, but not too much here.” Then it becomes more lively: “I really don’t want to reveal exactly what I’m writing about,” he says financial news. “But … Read more

Has the recession started? The job market says no.

Illustration by Sjord van Leeuwen font size About the author: Julia Pollack Chief Economist at ZipRecruiter. There is a shaky, but emotional, debate raging about whether the United States is in a recession. According to most relevant bond market indicators, investors are betting on deflation. But there is one group that strongly rejects the idea: … Read more