Uber reports $5bn operations loss in just one quarter

Despite high losses, analysts anticipate that Uber's investors are likely to overlook the numbers and forgive this as a once-off.

China’s Economy Not as Strong as Beijing Proclaims or the West Fears

Beijing. The temptation to be flippantly Wildean and evoke the spirit of Oscar is sometimes too tempting for the mortal flesh. For the United States to

The United States Government Should Quit Bailing Out Microsoft at Taxpayers' Expense

Contrary to a deliberately-misleading media narrative, Microsoft isn’t succeeding (except at graft, or taking money from the public purse) but is exacerbating inequality by taking away from the poor to sustain its own bodyweight

Omicron Led to Cuts in Hours Not Jobs

The economy added 467,000 jobs in January, in spite of the spread of the omicron variant. Even pandemic sensitive sectors such as hotels and restaurants

GDP Jumps to 6.9 Percent in Fourth Quarter 2021, Driven by Strong Inventory Growth

Inventories grew at a $173.5 billion annual rate in the fourth quarter. GDP grew at a 6.9 percent annual rate in the fourth quarter, somewhat faster than

The Federal Reserve Has Fueled Wall Street at the Expense of the Rest of Us

The Federal Reserve stokes inequality, says Christopher Leonard, author of the new book “The Lords of Easy Money.”

Digital Services and Tools Fuel Fastest GDP Growth Since 1984 - Disruptive Competition Project

Today's GDP report showed that the U.S. economy grew by 5.7% in 2021, the most robust economic growth since 1984. 

With Help From Donald Trump, Microsoft is Plundering and Looting the American Taxpayers, Then Gloating About It

“They conspired with Trump on his illegal taking of TikTok, and they pointed to the “Tax Cuts and Jobs Act” (with 50 million unemployed workers [US working age population], no less. Fully a third of the US population.) on their SEC report to show...

Wolf Richter: After Slashing 33% of Workers in 6 Years, Railroads Complain about Labor Shortages, amid Uproar over Slow Shipments | naked capitalism

Railroads are finding it difficult to hire workers and their labor shortfall has prevented them from meeting transportation demand.