What’s Up? (Sept. 26-Oct. 2) Instagram Under the Spotlight Facebook on Monday postponed the start of its Instagram Kids product after concerns were raised about whether Instagram is healthy for […]
Unemployment Benefits Expire for Millions Without Pushback From Biden
WASHINGTON — Expanded unemployment benefits that have kept millions of Americans afloat during the pandemic expired on Monday, setting up the abrupt cutoff of assistance to 7.5 million people as […]
Biden, Needing a Win, Enters a Sprint for his Economic Agenda
WASHINGTON — President Biden, his aides and his allies in Congress face a September sprint to secure a legislative victory that could define his early presidency. Democrats are racing the […]
Opinion | Break Up Big Chicken
President Biden wants to lead a revival of antitrust enforcement, a campaign aimed most obviously at curbing the behavior of feral tech companies. But Mr. Biden can’t achieve his goal […]
As Senate Vote Nears for $1 Trillion Infrastructure Bill, Deficit Takes a Back Seat
WASHINGTON — The bipartisan shrug that greeted the news that the Senate’s infrastructure bill contains $256 billion worth of deficit spending marked a new moment in the post-Trump era, one […]
US economy grows 6.5% in Q2, below forecast, as consumer spending surges
WASHINGTON (REUTERS, AFP) – The US economy expanded at an annualised 6.5 per cent pace in the second quarter, a far slower recovery from the Covid-19 pandemic than economists had […]
US Fed's Jerome Powell says 'higher and more persistent' inflation possible
WASHINGTON (AFP) – Inflation could rise higher and stay there longer than expected as the US economy recovers from the downturn caused by the Covid-19 pandemic, Federal Reserve chairman Jerome […]
Federal Reserve Keeps Rates Unchanged but Cites ‘Progress’ Toward Its Goals
The Federal Reserve kept interest rates unchanged on Wednesday and said it would continue buying large quantities of government debt, but suggested that it could slow those purchases before long […]
Opinion | It’s Morning in Joe Biden’s America
By Paul Krugman Opinion Columnist Last Tuesday President Biden’s Council of Economic Advisers published a blog post warning everyone not to make too much of any one month’s employment report. […]
US weekly jobless claims unexpectedly rise
WASHINGTON (REUTERS) – The number of Americans filing new claims for unemployment benefits increased last week for the first time in more than a month, but layoffs are easing amid […]