Business & Economics

Wealth was turbocharged by the pandemic but careers were not.

Entrepreneurship has increased since the pandemic, accounting for the bulk of job growth.

Since 1992, people have spent more in December than any other month. In 2023, it was around $1,750 per person.

The evidence is piling up....

The Chinese leader’s campaign is partly aimed at addressing rising costs of education, healthcare and housing—and if successful could strengthen his expected bid to seek a third term.

The wealth of the 10 richest men in the world more than doubled from approximately $700B to $1.5T between Mar. 2020 and Nov. 2021, while the incomes of approximately 99% of the world fell and more than 160M people into poverty.

This paper analyzes the heterogeneous effects of monetary policy on workers with differ- ing levels of labor force attachment. Exploiting variation in labor market tightness across metropolitan areas,...

A limited supply of qualified workers poses a challenge as facilities are built around the world to bolster the supply of semiconductors.

As people retire, there will be fewer people in the total pool of existing workers and fewer people will also be looking for work. Even if none of the remaining people who are unemployed find a job, those retirements can drive unemployment down purely as an artifact of how we calculate the unemployment rate.

According to Chainalysis, illicit activities like cybercrime, money laundering, and terrorist finance accounted for 0.15% of $15.8T total crypto transactions conducted in 2021, reaching $14B and up 79% from $7.8B the previous year.

U.S. new vehicle sales rebounded slightly last year from 2020′s dismal numbers, but were still about 2 million below the years before the coronavirus pandemic.

The world's biggest furniture brand IKEA is raising prices by an average of 9% as it faces increasing costs in transport and raw materials, the owner of most of its stores worldwide said on Thursday.

Inventory remains low even with factories producing more than pre-pandemic levels. Supply chain issues are likely to persist until mid-2022.

Centralized crypto exchanges reported more than $14 trillion in trading volume in the year 2021, according to The Block Research.

The US unemployment rate hit 4.2% in November, a remarkable drop from the 14.8% peak reached in April 2020. Some analysts say this is the best market for job seekers ever: There are more than 11 million job openings in the US, compared to only 6.9 million people who are unemployed and looking for work.

Spotify generally pays between $.003 and $.005 per stream, but how much you'll be paid differs based on your distribution contract.

Around 10% of in-store and 18% of online purchases of retail items are returned after the holidays, which totaled to $48B last year. This holiday season, the National Retail Federation is projecting $860B in returns.

Households around the world saved an excess $3 trillion in savings, bringing the total to $6 trillion globally.

In the first seven months of 2021, cargo volumes between Asia and North America were up by 27% compared with pre-pandemic levels.

Good Jobs First, a policy resource center, estimated that Amazon has received around $4.2B in US subsidies through property tax abatements, corporate income tax credits and sales tax exemptions to expand its corporate footprint in "opportunity zones" throughout the country.

A new study found that 10,000 Bitcoin accounts hold 5 million out of the 19 million coins in circulation, or the equivalent of about $232 billion.

Christie's, Sotheby's, and Phillips collectively earned a record $15B in sales this year. Between a third to one half of the buyers were new. A third of Christie's buyers were millennials.

Almost $100B out of $3.5T of pandemic relief funds have been stolen since early 2020. More than $2.3B in stolen funds have been recovered so far, resulting in the arrest of more than 100 suspects.

There will be a lot less money sloshing around China’s tech startups next year—at just the time when they’re going to need it most. VC firms that invest U.S. dollars in Chinese tech startups have raised far less money this year than in the past. Such firms have raised $4.2 billion this year so ...

Of the $3.1 billion raised by U.S. creator economy startups during the first eight months this year, just 4.8% was raised by startups with only female founders.

At least 6,153 news organization employees were laid off between March 2020 and August 2021, with at least 100 US news organizations closing over the same period. Another 42 outlets were acquired.

The median age of Canada's 15 largest public companies is 122 years compared with a median age of 45 for US corporate titans.