Economy
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A key U.S. inflation gauge rose 3.1% year over year, higher than expected
A key inflation indicator rose 3.1% in April, faster than expected, as price pressures built in the rapidly expanding U.S.…
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Fed’s Kaplan cites real estate excesses as one reason to start tapering purchases
Dallas Federal Reserve President Robert Kaplan cited potential excesses in the housing market and other inflation signs as an indication…
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Biden goes on offensive against economic critics, argues rising wages show his agenda is working
WASHINGTON — After weeks of defending his economic policies against critics who blame them for overheating the economy, President Joe…
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So What Will Biden Tax Hikes Mean For Investors, Anyway?
Higher taxes getty The Biden administration has proposed big hikes in federal outlays and also in taxes, at least for…
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Investing app Acorns to go public through a blank-check merger valued at $2.2 billion
Noah Kerner, CEO of Acorns. Adam Jeffery | CNBC Savings and investing app Acorns plans to go public by merging…
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Fed’s Lael Brainard pushes digital dollar as central bank currency race heats up
US Federal Reserve Governor Lael Brainard attends a “Fed Listens” event at the Federal Reserve headquarters in Washington, DC, on…
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Jobless claims drop more than expected for a new pandemic low
The procession of Americans heading to the unemployment line fell last week, with jobless claims totaling a fresh pandemic-era low…
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The Fed this summer will take another step in developing a digital currency
The Federal Reserve is moving forward in its efforts to develop its own digital currency, announcing Thursday it will release…
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San Diego County Supervisors Add Environmental Justice Office
Photo by Erik Anderson Above: Ship unloading goods at a port facility in National City on Mar. 29, 2021. San…
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The Fed hinted it could reconsider easy policies if economy continues rapid improvement
Federal Reserve officials at their April meeting said a strong pickup in economic activity would warrant discussions about tightening monetary…
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Covid outbreaks in Asia could hit supply chains and raise U.S. inflation, says expert
Fresh waves of Covid-19 cases in major manufacturing hubs in Asia could hit global supply chains — and that could…
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The International Energy Agency Issues a Landmark Statement About Fossil Fuels
The crucial turning points of the climate era can be found in a series of sentences, some of them pretty…
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Yellen pushes higher taxes, stronger unions, more global competition to U.S. Chamber
Secretary of the Treasury Janet Yellen speaks during a daily news briefing at the James Brady Press Briefing Room of…
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Share Market LIVE: Sensex opens above 50,000, Nifty regains 15,000; bank stocks continue rallying
Volatility index moved lower once again. (Image: REUTERS) Share Market News Today | Sensex, Nifty, Share Prices LIVE: Equity benchmark…
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Fed’s Bostic says there’s no reason to change policy despite inflation fears
Atlanta Federal Reserve President Raphael Bostic told CNBC on Monday that he’s comfortable with the central bank’s ultra-loose policy even…
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Economist calls for calm on inflation talk: ‘Everything ultimately will settle down’
A worker on an auto assembly line in Smyrna, Tennessee. Luke Sharrett/Bloomberg/Getty Images The concentration of price pressures in a…
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PayPal to buy online returns start-up in its latest run at the retail shopping space
The PayPal application can be seen on a mobile phone. Felix Kästle | picture alliance | Getty Images PayPal is…
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Producer prices rose 0.6% in April from the previous month, hotter-than-expected
Workers assemble a three-wheeled electric fun utility vehicle (FUV) at the Arcimoto manufacturing facility in Eugene, Oregon, April 19, 2021.…
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April’s inflation surge wasn’t as drastic as it looked, but the real test is still ahead
A woman wears a face mask while shopping for a baby shower gift during the Covid-19 pandemic, at Madison’s Niche…
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Household debt climbs to $14.64 trillion, due to jump in mortgages and car loans
Akapong Osotsil / EyeEm | EyeEm | Getty Images Consumer debt edged higher during the first three months of 2021,…
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Inflation surges in April as consumer prices leap 4.2%, fastest since 2008
Inflation accelerated at its fastest pace in more than 12 years for April as the U.S. economic recovery kicked into…
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Mainland Markets Shrug Off Global Inflation Fears
SHANGHAI, CHINA – APRIL 28: Aerial view of the butterfly-shaped Century Pavilion, a venue for the … [+] 10th China…
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Job openings leaped above 8 million in March, a new record high
A help wanted sign is displayed in the window of a Brooklyn business in New York. Spencer Platt | Getty…
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Restaurants are ‘sucking wind’ but fighting back to reopen amid a worker shortage
View of the Prohibition Taproom in Philadelphia. Owner Michael Pasquarello, who owns two other establishments in the city, is optimistic…
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April’s big jobs miss explained and what it means for the U.S. economic outlook
Server Nioka Mantilla arranges items in the buffet at the DoubleTree by Hilton Hotel on Penn Street in Reading, Pennsylvania,…
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Here’s where the jobs are — in one chart
An anemic pace of hiring in all sectors barring leisure and hospitality caused the Labor Department’s April jobs report to…
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U.S. Chamber of Commerce blames weak jobs report on enhanced unemployment benefit, kicks off lobbying effort
A help wanted sign is posted at a taco stand in Solana Beach, California. Mike Blake | Reuters The largest…
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April’s expected hiring boom goes bust as nonfarm payroll gain falls well short of estimates
Hiring was a huge letdown in April, with nonfarm payrolls increasing by a much less than expected 266,000 and the…
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Fed warns about potential for ‘significant declines’ in asset prices as valuations climb
People walk past the U.S. Federal Reserve building in Washington D.C., the United States, May 21, 2020. Ting Shen |…
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April jobs expected to top 1 million as consumers boost the economy
Server Adrian Almanza brings entrees to a table at Satay Thai Bistro and Bar, in Las Vegas, Nevada, March 28,…
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Jobless claims tumble in another sign the labor market is getting closer to pre-pandemic levels
The U.S. employment picture improved sharply last week, with first-time claims for unemployment insurance hitting a fresh pandemic-era low. Initial…
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Private payrolls show big gain in April but still short of lofty expectations, ADP says
Bartenders wearing protective masks assist customers sitting at the bar at Blooms Tavern in New York, U.S., on Monday, May…
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The Covid recovery still has a K shape
Cars line up to pick up food boxes at the Athens County Fairgrounds in Athens, Ohio, on Dec. 19, 2020.…
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BlackRock’s bond boss, overseeing trillions, says ‘every client’ is worried about inflation
BlackRock‘s Rick Rieder told CNBC on Tuesday he frequently has discussions about whether the U.S. economy will run too hot, too…
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U.S. trade deficit surges to new record; shortfall with China keeps rising
A container ship is guided by tugboats out of the terminal at the Port of Long Beach-Port of Los Angeles…
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Fed’s Barkin sees higher inflation this year, but then a reversal in 2022
Richmond Federal Reserve President Thomas Barkin told CNBC on Monday that he sees inflation pressures building this year that he…
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Biden’s climate push promises ‘jobs, jobs, jobs.’ Here’s what that might look like
But what will those “jobs, jobs, jobs” look like? Although the investment in combating climate change will inevitably lead to…
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Stock Market: Pockets Of Potential Growth Point To Employment, Economy And Business Gains
A crowded concert venue is one of the many potential accomplishments ahead getty We read about it daily. Struggling industries…
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Job growth could surpass 1 million in April hiring boom as economy roars back
A Wawa store hiring sign in Bethany Beach, Delaware. Stephanie Dhue | CNBC The economy could add more than 1…
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Consumer-fueled economy pushes GDP to 6.4% first-quarter gain
Economic activity boomed to start 2021, as widespread vaccinations and more fuel from government spending helped get the U.S. closer…
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Fed holds interest rates near zero, sees faster growth and higher inflation
The Federal Reserve on Wednesday kept its easy money policy in place despite an economy that it acknowledged is accelerating.…
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Powell says he plans to meet with homeless Americans in Washington, DC
Federal Reserve Chairman Jerome Powell said Wednesday that he has in the past met with homeless Americans and that doing…
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Enphase Energy posts record quarter. Stock slides as management warns of chip shortage pains
Solaray Director Jonathan Fisk moves a solar panel at the solar power installation company’s Sydney facility. Jason Reed | Reuters…
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France, Germany plan billions in pandemic recovery spending
FRANKFURT, Germany (AP) — France and Germany together laid out plans for billions in spending from the European Union’s pandemic…
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Jerome Powell is a heavy favorite on Wall Street to be renominated as Fed chair
US Federal Reserve Chairman Jerome Powell gives a press briefing after the surprise announcement the FED will cut interest rates…
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The Fed will stay put in 2021 despite growing concerns about overheating economy, CNBC survey says
Federal Reserve Jerome Powell testifies during a Senate Banking Committee hearing on “The Quarterly CARES Act Report to Congress” on…
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‘This is our generation’s moonshot,’ Energy Secretary Granholm says of fighting climate change
Secretary of Energy Jennifer Granholm speaks during the daily press briefing on April 8, 2021, in the Brady Briefing Room…
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The labor market is heating up as fewer people seek unemployment benefits
In an aerial view, workers with the San Francisco Department of Public Works repave a section of 24th Avenue on…
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Shortage of semiconductors, dubbed the ‘new oil,’ could dent GDP growth, boost inflation
China laid out seven “frontier” technologies in its 14th Five Year Plan. These are areas that China will focus research…
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Exxon board member Jeff Ubben raises stake, as oil giant invests in carbon capture
Activist investor and newly appointed Exxon board member Jeff Ubben is building his stake in the company on the belief…
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