Tag: economy

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Dow crosses 34,000 mark as stocks head to new record highs

Dow crosses 34,000 mark as stocks head to new record highs

The Dow Jones Industrial Average crossed the 34,000 mark Thursday as US stocks rallied toward records after a suite of encouraging [...]
Workers file 576,000 jobless claims as US hits new COVID-19 pandemic low

Workers file 576,000 jobless claims as US hits new COVID-19 pandemic low

The number of Americans seeking unemployment benefits plunged last week to its lowest level since the start of the coronavirus cri [...]
Asian-American businesses hit especially hard by COVID crisis: report

Asian-American businesses hit especially hard by COVID crisis: report

Asian American business owners have struggled particularly hard during the coronavirus pandemic while also grappling with fears of [...]
Fed Chair Jerome Powell says economy ‘to start growing much more quickly’

Fed Chair Jerome Powell says economy ‘to start growing much more quickly’

The US economy is turning the corner, thanks to government support and a turbo-charged campaign to vaccinate Americans against COV [...]
Workers file 744,000 new jobless claims in troubling sign for COVID recovery

Workers file 744,000 new jobless claims in troubling sign for COVID recovery

The number of workers seeking unemployment benefits stubbornly jumped again last week even amid hopes that the labor market was ge [...]
How Debt and Climate Change Pose a ‘Systemic Risk to the Global Economy’

How Debt and Climate Change Pose a ‘Systemic Risk to the Global Economy’

How does a country deal with climate disasters when it’s drowning in debt? Not very well, it turns out. Especially not when a global pandemic clobb [...]
US economy adds 916,000 jobs as COVID recovery gains steam

US economy adds 916,000 jobs as COVID recovery gains steam

The US economy added 916,000 jobs in March — a stronger-than-expected gain adding fuel to the labor market’s accelerating recovery [...]
Workers file 719,000 new jobless claims in unexpected jump from pandemic low

Workers file 719,000 new jobless claims in unexpected jump from pandemic low

The number of Americans seeking unemployment benefits unexpectedly jumped above the pre-coronavirus record once again last week, t [...]
Obama’s economic adviser blasts Biden’s stimulus plan, says it could trigger high inflation

Obama’s economic adviser blasts Biden’s stimulus plan, says it could trigger high inflation

Former Obama economic adviser Larry Summers continues to blast the Biden administration’s stimulus plan and warns it will result in a [...]
Suez Canal logjam could stretch on for weeks, slam world economy

Suez Canal logjam could stretch on for weeks, slam world economy

The growing traffic snarl in the Suez Canal could take weeks to untangle — and is threatening to wreak havoc on the world economy in [...]
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