As Americans gather for holiday celebrations, many will quietly thank the health care workers who keep their families and friends well: the ICU nurse who stabilized a grandparent, the doctor who adjusted a tricky prescription, the home health aide who ensures an aging relative can bathe and eat safely.
Justice department says subprime auto lender defrauded its lenders before its collapse this year
Switching off can be surprisingly expensive. Much like the smoking cessation boom of the 1990s, the digital detox business – spanning hardware, apps, telecoms, workplace wellness providers, digital “wellbeing suites” and tourism – is now a global industry in its own right.
Greece's 2026 budget was voted through Parliament on Tuesday, just ahead of the Christmas break. It contained some gifts for Greek taxpayers as it includes the tax cuts worth 1.2 billion euros that Prime Minister Kyriakos Mitsotakis had announced earlier in the year.
PM Kyriakos Mitsotakis hit back at his critics in the budget debate on Tuesday, by unveiling new measures to tackle the housing crisis and defending his tough stance on the ongoing farmers’ protests.
The Trump administration singled out European tech firms by name and promised economic consequences Tuesday unless the E.U. rolls back tech regulation and lawsuits.
Swapan-Kumar Pradhan, Eswar Prasad, Előd Takáts, and Judit TemesvaryWe investigate how the U.S. dollar’s prominence in the denomination of international debt securities has evolved in recent decades, using a comprehensive global dataset with far more extensive coverage than datasets used in prior literature. We find no monotonic dollarization or de-dollarization trend; instead, the dollar’s share exhibits a wavelike pattern. We document three dollarization waves since the 1960s.
The Trump administration looked to recast elements of a dour jobs report Tuesday as a sign of strength.
Employers added 64,000 jobs in November, according to data delayed by the government shutdown, but the unemployment rate rose to a four-year high of 4.6 percent.
Hie Joo Ahn and Yunjong EoThis paper empirically investigates the sources of hysteresis, emphasizing the role of downward nominal wage rigidity using U.S. state-level payroll employment growth. U.S. states exhibit heterogeneous recoveries, with L-shaped and U-shaped recessions corresponding to persistent hysteresis and full recovery. L-shaped recessions are importantly driven by demand shocks and reinforced by downward nominal wage rigidity, which prolongs employment losses by raising real wages and deepening downturns.
