Economy

Britain’s Prime Minister Liz Truss inherited an economic crisis and turned it into a raging dumpster fire

British Prime Minister Liz Truss, in office less than a month, has put forth economic policies that have alarmed financial leaders around the world and damaged her party's standing.

Roy Rochlin/Getty Images for Empire State Realty Trust

Global

Britain’s Prime Minister Liz Truss inherited an economic crisis and turned it into a raging dumpster fire

The new U.K. leader’s plan to solve the crisis has sparked fresh problems and questions about her political future.

Economy

Central Banks around the world are fighting to get back down to 2 percent inflation. Why? Look to New ZealandCentral Banks around the world are fighting to get back down to 2 percent inflation. Why? Look to New Zealand

The former governor of the Reserve Bank of New Zealand explains how it all started with an offhand comment more than 30 years ago.

Economy

Is the strength of the U.S. dollar going to throw us into a global recession? Is the strength of the U.S. dollar going to throw us into a global recession?

Good news for the dollar may mean bad news for the world.

Economy

The Fed is hiking rates again — what it means for your home, credit card and paycheckThe Fed is hiking rates again — what it means for your home, credit card and paycheck

The decision makes loans more expensive in order to stymie price increases elsewhere.

Economy

Could Russia’s invasion of Ukraine make it more expensive to keep the lights on in New England this winter?Could Russia’s invasion of Ukraine make it more expensive to keep the lights on in New England this winter?

New England relies on imported liquefied natural gas, and, unfortunately, now Europe does too.

Economy

Pay transparency laws might be headed to your state. Here’s how they’re working so farPay transparency laws might be headed to your state. Here’s how they’re working so far

Knowing how much your co-workers make has its advantages, experts say. But there could also be a downside.

Economy

Inflation is slowing down for the wrong reasons: Everything besides gas is getting more expensiveInflation is slowing down for the wrong reasons: Everything besides gas is getting more expensive

What the latest numbers mean for consumers and the future of inflation.

Are dropping gas prices and the repeal of abortion rights the perfect storm for Democrats in the midterms?Are dropping gas prices and the repeal of abortion rights the perfect storm for Democrats in the midterms?

The combination of gas prices peaking and the Dobbs decision coming down at nearly the exact same time 'synced up in the most optimal way imaginable for Democrats,' Republican lobbyist Liam Donovan told Grid.

Matthew Zeitlin, Domestic Economics Reporter

September 12, 2022

Sports betting — a hugely popular, multibillion-dollar industry — is poised to become an American epidemicSports betting — a hugely popular, multibillion-dollar industry — is poised to become an American epidemic

The country is all in on gambling, but the risks are bigger than ever.

Christian Thorsberg, Reporter

September 8, 2022

Gas prices are down more than they have been in months — will they continue to fall for the rest of the year?Gas prices are down more than they have been in months — will they continue to fall for the rest of the year?

The average regular gasoline price has hit $3.88, according to the Energy Information Administration. That’s more than 20 percent below its peak of just over $5 in June.

Matthew Zeitlin, Domestic Economics Reporter

August 26, 2022

Grocery store prices are rising faster than restaurant prices: How dining out escaped the worst of inflationGrocery store prices are rising faster than restaurant prices: How dining out escaped the worst of inflation

Americans are going out to eat again, and they have extra motivation to do so: The price of food at home has been rising notably faster than the price of food people pay for at restaurants.

Matthew Zeitlin, Domestic Economics Reporter, and Anna Deen, Data Visualization Reporter

August 25, 2022

How the Biden administration debt relief plan really works: Will you get your student loans forgiven?How the Biden administration debt relief plan really works: Will you get your student loans forgiven?

After months of deliberation, the Biden administration finally unveiled its plan to end the moratorium on student debt repayment first implemented by the Trump administration in March 2020.

Matthew Zeitlin, Domestic Economics Reporter

August 24, 2022

Germany depends on Russian gas. Will it still stand with Ukraine through a brutal winter?Germany depends on Russian gas. Will it still stand with Ukraine through a brutal winter?

Given Germany's dependence on Russian gas and Russian President Vladimir Putin’s repeated reminders of the leverage his country holds when it comes to energy, German officials and many German citizens are imagining a brutal winter.

Nikhil Kumar, Deputy Global Editor

August 23, 2022