A significant number of jobs could be completed by robots as early as 2030, according to a new report published Tuesday by the McKinsey Global Institute. The transition into a heavily automated workplace wouldn’t arrive right away, but it may affect up to 375 million workers globally.
States with lower taxes on businesses and personal income have higher economic growth, according to an economist at the American Legislative Exchange Council.
High-stakes talks to form a new German government collapsed Sunday as the pro-business FDP party walked out, plunging Europe’s biggest economy into a political crisis and potentially precipitating the end of Chancellor Angela Merkel’s career.
With spines stiffened by a presidential pep talk, House Republicans easily approved a $1.4 trillion tax cut Thursday, taking the first big step toward a decades-overdue overhaul that Republicans hope will send the economy soaring and win back wavering voters.
The Senate plans to introduce their version of tax reform today, which will give a typical American family a tax cut of nearly $1,500, according to a two-page summary of the bill.
Chinese President Xi Jinping delivered a message for the world during his opening speech at the 19th Communist Party Congress: China supports an open economy, and it will further liberalize its markets to foreign investors.
Devastating fires charring California have claimed more lives than any fire in the state’s history, and the economic toll is predicted to climb to $85 billion.
The House of Representatives passed the Building A Better America 2018 budget in a 219 to 206 vote.
In a speech Tuesday marked by large doses of both statistics and humility, Federal Reserve Chairwoman Janet L. Yellen said that the economic outlook is highly uncertain, suggesting that the central bank will proceed slowly in raising interest rates and scaling back easy-money policies.
Israel must ask the international community to stop Iran’s nuclearization but prepare to do the task on its own in case the world fails, Bayit Yehudi leader Naftali Bennett said in an interview with The Jerusalem Post on Sunday.
German voters delivered Chancellor Angela Merkel’s conservative Christian Democrats a fourth consecutive term and the right-wing Alternative for Germany (AfD) party a spot in the parliament in Sunday’s federal election, which was widely seen as a referendum on Ms. Merkel’s performance over the past 12 years.
The United States said on Wednesday it is weighing whether the Iranian nuclear deal serves its security interests even as Iran said it did not expect Washington to abandon the agreement.
Hurricane Irma is threatening to wreak havoc on Florida farmlands, threatening $1.2 billion worth of production in the top U.S. grower of fresh tomatoes, oranges, green beans, cucumbers, squash, and sugarcane.
Getting tax cuts through Congress this fall to boost the economy is a bigger priority than overall tax reform, a top White House official said Monday.
U.S. employers hired workers at a robust pace in February, beating expectations, and wages grinded higher, which could give the Federal Reserve the green light to raise interest rates next week despite slowing economic growth.
Seven years to the day after lowering interest rates to zero, the Federal Reserve on Wednesday took the first step away from the unprecedented emergency monetary measures it began during the recession.
Prime Minister Benjamin Netanyahu, during Sunday’s cabinet meeting, said that a big step is being made in the implementation of the gas deal, following the resignation of Shas chairman Arye Deri from his post as Economy Minister.
President Obama hailed the historic 12-nation Pacific Rim trade deal completed here Monday as an accord that “reflects America’s values,” but within hours the administration had turned from the negotiating table to selling the agreement on Capitol Hill, a reflection of the harsh political climate the controversial pact is expected to face in Congress.
Presidential hopeful Donald Trump said he would lower tax rates and slim the federal tax code, cutting millions of people out of any income tax liability at all as he unveiled his plan Monday, joining a growing list of Republicans pushing for a scaled-down, simpler system.
U.S. President Barack Obama and Russian President Vladimir Putin will meet in New York next week at a time of high tension in Europe and the Middle East, but the Kremlin and the White House disagreed on Thursday over the top priority for the talks.