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From the Archives
- US drops key obstacle to global digital tax: TreasuryUS Treasury Secretary Janet Yellen told her G20 colleagues Friday that Washington is dropping a push for a controversial provision in a global digital tax, opening the door to a likely agreement.The US shift — part of a broader repositioning by President Joe Biden from the “America First” agenda of former President Donald Trump — […]
- U.S. Suffers Sharpest Rise in Poverty Rate in More Than 50 Years – BloombergThe end of 2020 brought the sharpest rise in the U.S. poverty rate since the 1960s, according to a study released Monday. Economists Bruce Meyer, from the University of Chicago, and James Sullivan of the University of Notre Dame found that the poverty rate increased by 2.4 percentage points during the latter half of 2020 […]
- Deeper job cuts at Boeing as pandemic throttles air travelBoeing said Wednesday that it will cut 7,000 more jobs as it continues to bleed money during a pandemic that has smothered demand for new airline planes. The company said that when retirements and other employee departures are included, its workforce will shrink to about 130,000 by the end of next year, or 30,000 fewer […]
- Trump hails ‘manufacturing miracle’ as factories bleed jobs – POLITICOFour years after he won the Midwest by vowing to revitalize the U.S. manufacturing workforce, President Donald Trump is campaigning for reelection on a job well done. The numbers tell a different story. The president's anti-trade agenda and a pandemic-induced recession have combined to shutter factories and accelerate trends toward automation. Source: Trump hails ‘manufacturing […]
- Amazon’s Drone Delivery Fleet Hits Milestone With FAA ClearanceAmazon’s Drone Delivery Fleet Hits Milestone With FAA Clearance. (Bloomberg) — Retail behemoth Amazon.com Inc. took a big leap toward delivering goods from the sky by becoming one of only a handful of companies certified by the U.S. government to operate as a drone airline. The Federal Aviation Administration designated Amazon Prime Air an “air […]
Money Magazine
- More than 30% of nursing home staff remained unvaxxed as of the end of August.
- Tired of bidding wars, rising prices and dwindling options house hunters are bowing out of the purchase market, opting to rent instead.
- The new PayPal Savings account is expected to have a 0.40% APY.
- The average rate on a 30-year fixed-rate mortgage increased to 3.251% today.
- A change from Fannie Mae means more mortgage lenders will consider rental payment history when deciding whether to make loan.
Market Watch
- This is a Real-time headline. These are breaking news, delivered the minute it happens, delivered ticker-tape style. Visit www.marketwatch.com or the quote page for more information about this breaking news.
- This is a Real-time headline. These are breaking news, delivered the minute it happens, delivered ticker-tape style. Visit www.marketwatch.com or the quote page for more information about this breaking news.
- This is a Real-time headline. These are breaking news, delivered the minute it happens, delivered ticker-tape style. Visit www.marketwatch.com or the quote page for more information about this breaking news.
- This is a Real-time headline. These are breaking news, delivered the minute it happens, delivered ticker-tape style. Visit www.marketwatch.com or the quote page for more information about this breaking news.
- This is a Real-time headline. These are breaking news, delivered the minute it happens, delivered ticker-tape style. Visit www.marketwatch.com or the quote page for more information about this breaking news.
The Economist
- Unusual weather and supply outages are to blame
- The debacle is a test of Xi Jinping’s commitment to reshaping the economy
- Its application to join the CPTPP may not prosper, but it creates mischief
- More money is not a guarantee of success
- A new paper shows why economists’ understanding of the labour share is murky at best