Europe emerged from a double-dip recession in the second quarter with stronger than expected growth of 2% over the quarter before, according to official figures released Friday, as hard-hit southern European economies Spain, Italy and Portugal delivered surprisingly strong results.

Last week we learned that, in June, prices throughout the U.S. economy continued to rise at a pace we simply have not observed since the “Great Inflation” period of 1966-1982. Tuesday’s report that consumer prices had risen 0.9 percent (11.4 percent at an annual rate) was followed Wednesday with news that producer prices had surged 1 percent (12.2 percent annualized), both roughly double what economists had been forecasting. Then, on Thursday, the Bureau of Labor Statistics reported that import prices also had continued to surge higher in June.

Lazy, financially irresponsible, never happy ... stereotypes of Millennials are tough. But for young people, the real generation to blame is the Baby Boomers, due to their negative impact on today's economy.

China reported second-quarter GDP growth that came in slightly below expectations, while retail sales and industrial production grew faster than forecast in June. The country’s gross domestic product increased 7.9% in the second quarter from a year ago, the National Bureau of Statistics said Thursday. That fell short of Reuters’ estimate of 8.1% growth for the April to June period.

The difference between CEO and median employee pay grew in 2020 despite the Covid pandemic and ongoing relief efforts.

Inflation surged in June at its fastest pace in nearly 13 years amid a burst in used vehicle costs and price increases in food and energy, the Labor Department reported Tuesday. The consumer price index increased 5.4% from a year earlier, the largest jump since August 2008, just before the worst of the financial crisis. Economists surveyed by Dow Jones had been expecting a 5% gain.

According to a Harvard University study that came out this year, the fact that millionaires are saving their money creates debt for 90% of the population and lowers the interest rate. People complain of seeing celebrities spending their money on luxuries that the rest of the world could never afford. Many were outraged, for example, by David Geffen's post showing that he was going to spend his quarantine on a yacht.

U.S. and Chinese companies make up more than half the multinational companies likely to be caught by a proposed global tax plan, which is expected to open up roughly $100 billion in annual profits to taxation. Nikkei research based on earnings data from QUICK FactSet shows 81 companies meeting the revenue and profit margin thresholds set out in an agreement announced Thursday.

At the very moment the United States is ramping up electric vehicle development manufacturers are running up against the weakest link in the supply chain — a shortage of battery materials. Why it matters: The bottleneck puts the United States at a major disadvantage to China, which controls most of the world's battery minerals mining and processing.

Positive views of capitalism declined by double-digits among young Republicans.

A presumption of innocence is never afforded to poor people accused of petty theft. Yet billionaires benefit from it every day when it comes to taxes

The billionaire class isn’t just a group of people who happen to be superrich. It’s a dynastic oligarchy with a single overriding objective: controlling the government to protect its inherited wealth.

High-earning millennials are feeling broke. Sixty percent of millennials raking in over $100,000 a year say they're living paycheck to paycheck, according to a new survey by PYMNTS and lending company LendingClub which analyzed economic data and census-balanced surveys of over 28,000 Americans.

The tight labor market is giving workers renewed confidence in their ability to find a better job, and they’re quitting at record rates. Some 4 million people quit their jobs in April, according to the Labor Department’s Job Openings and Labor Turnover Summary released this week, with the largest exits happening in retail trade; professional and business services; and transportation, warehousing and utilities. Workers most likely to quit live in the South, Midwest and West regions.

Consumer prices for May accelerated at their fastest pace in nearly 13 years as inflation pressures continued to build in the U.S. economy, the Labor Department reported Thursday. The consumer price index, which represents a basket including food, energy, groceries, housing costs and sales across a spectrum of goods, rose 5% from a year earlier. Economists surveyed by Dow Jones had been expecting a gain of 4.7%.

As the US keeps printing money, financial heavyweights are collectively shaking their heads and implying that trouble looms for investors.

U.S. employers boosted hiring in May and raised wages as they competed for workers, with millions of unemployed Americans at home likely because of childcare issues and generous unemployment checks. The Labor Department's closely watched employment report on Friday offered some assurance that the economic recovery from the pandemic recession was on track after worker shortages also blamed on lingering fears over COVID-19 sharply restrained employment growth in April.

Global shortages of many goods reflect the disruption of the pandemic combined with decades of companies limiting their inventories.

The economic benefits of illicit financial activity vastly outweigh the costs of litigation, according to new research, and trying to combat crime through punishments based on extrinsic utility such as fines is less effective than ethics-centered methods that focus on a combination of intrinsic and altruistic motivations.

The good news is that the country is opening up again after the severe disruptions caused by the pandemic. But there is a lingering impact. Sticker shock. The US economy is picking up steam as the Labor Department is reporting the fastest pace of inflation since 2008. In April, the Index rose +4.2% compared to the same period last year. A recent survey found that 72% of those interviewed say that their income has not increased, while 86% of the respondents say they are experiencing price increases.