This American City Has the Highest Unemployment
In April 2020, the early stages of the COVID-19 pandemic pushed U.S. unemployment to near Great Depression levels. The rate began to fall throughout the year and into 2021. While … Read More
Category: Economy
U.S. Manufacturing Growth Slows Modestly In June
A report released by the Institute for Supply Management on Thursday showed a modest slowdown in the pace of growth in U.S. manufacturing activity in the month of June. The … Read More
Elon Musk praises China’s economic progress on Communist Party anniversary
More On: elon musk Musk calls rocket launch regulations ‘broken’ after SpaceX delay Tesla model’s ‘Top Pick’ status restored after safety concerns Whose rocket is bigger? How Musk, Branson and … Read More
Kanye West’s Yeezy mocks Walmart’s objections to its new logo
More On: yeezy West vs. Walmart: Kanye sues over retailer’s knockoff Yeezy sneakers Sneaker resellers hawking Air Jordans, Yeezys make a fortune during COVID Experts baffled by Walmart’s trademark dispute … Read More
United Airlines confirms it will revitalize fleet with $30B order for new jets
More On: united airlines Airlines, banks hit in latest global web outage hours after Putin-Biden summit Make some elbow room! Passengers booted off flight for brawling over armrest United is … Read More
Gas prices hit 7-year high as stations run low on fuel ahead of July 4
More On: gas Federal judge blocks Biden moratorium on new oil, gas leases Gas of the future? Drone refuels Navy fighter jet in midair Interior Dept. reportedly will halt Arctic … Read More
Key inflation indicator rose 3.4 percent from a year ago, fastest since 1992
More On: inflation Inflation concerns soar with 85% ‘somewhat concerned’ about rising costs: poll Wingstop turns to chicken thighs to combat wing shortage Bidenomics threatens to derail America’s recovery from … Read More
‘States’ reopening not prudent as vaccination rates still low’
Using test positivity as guiding factor may create challenges: Oxford Economics States’ reopening strategy in the wake of a decline in COVID-19 cases is not “prudent” and might even result … Read More
Warren Buffett resigns as trustee of Bill and Melinda Gates Foundation
More On: warren buffett Bill Gates, Warren Buffett building nuclear reactor in coal-rich Wyoming Bill & Melinda Gates Foundation weighs governance changes amid divorce fallout Bill Gates hires firm led … Read More
Bitcoin falls below $30K, erasing 2021 gains
More On: bitcoin Former Wall Street traders create billion-dollar crypto business Bitcoin tumbles as China escalates crypto mining crackdown World Bank rejects El Salvador’s request to implement bitcoin as legal … Read More
Keep calm and carry on: The Fed might have been right about inflation
Remember when everyone was panicking about inflation, warning ominously about 1970s-type stagflation? OK, many people are still saying such things, some because that’s what they always say, some because that’s … Read More
Swiss Central Bank Retains Policy Rates As Expected
The Swiss National Bank decided to continue with its expansionary monetary policy in order to ensure price stability and support the ongoing economic recovery. Policymakers of the central bank on … Read More