President Joe Biden has announced key members of his new economic team as part of leadership transition at the White House.Lael Brainard, one of the country's leading macroeconomists, will serve as Director of the National Economic Council.Jared Bernstein, one of Biden's closest and longest-serving economic advisers, has been nominated as Chair of the Council of Economic Advisers. The President na...
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Business News
May 08, 2026 15:50 ET Manufacturing and services sector survey results and labor market data from main economies were the highlight on the economics news front this week. Factory orders and jobs report dominated the news flow in the U.S. Similarly, industrial production data from German garnered attention in Europe. In Asia, purchasing managers’ survey results from China and the central bank decision from Australia were in focus.