The new, $900-billion round of Covid-19 stimulus funding in the US immediately boosted spending in groceries among recipients, especially low-income ones, according to new credit and debit card usage data.
Kristen Gray, an American influencer and graphic designer, is being deported from Indonesia after publishing a viral twitter thread about her low-cost, idyllic life on the island of Bali.
Since his election, Joe Biden has been good news for investors.
US president-elect Joe Biden plans to cancel the Keystone XL pipeline permit, the fourth phase of a major oil transportation system between Canada and the US, by executive order during his first day in office. Canadian politicians are already expressing their concerns about how it could affect the country’s economy.
The era of New York Police Department (NYPD) officers supervising, arresting, and fining street vendors in New York City is officially over.
Millions of Americans are still unemployed months into the pandemic, but there is one segment of the economy where hiring is booming.
George Orwell’s classic 1984 has rocketed up Amazon’s book charts.
Such is the power of Elon Musk that one tweet can send the shares of a stock soaring. Even of the wrong company.
The American economy is slowly recovering, but Black and Hispanic women are being left behind.
Americans are continuing to pamper themselves and their loved ones during the pandemic.
Epic Games, the American video game and software development company behind the popular video game Fortnite, announced this week it was buying a mall in North Carolina, for its new headquarters.
Starting a new job remotely is tough in normal times, let alone during a pandemic. I know—I experienced it firsthand.
After a historic, deeply unusual year, a lot remains uncertain about 2021 and what it will bring for major economies around the world. Here are seven indicators to keep an eye on to understand the global recovery as the year progresses.
The $900 billion stimulus bill awaiting final passage by the US Congress includes $54.3 billion for K-12 education, significantly more than the $13.2 billion the CARES Act gave out in March. However, thousands of American teachers at still at risk of layoffs after Democrats dropped their request for direct aid to state and local governments.
Adobe, the US software company behind Photoshop, says its products can now generate images better than traditional photos.
Restoration Hardware’s sales are way up, but the company estimates supply chain issues are preventing millions in unfilled orders for its luxury home furnishings.
The Covid-19 pandemic has seen many companies pivot to producing personal protective equipment, ventilators, and masks. Now the Indian bull semen industry is looking at whether its refrigerated supply network—known as the cold chain—can help with vaccine distribution efforts.
In a speech on Dec. 1, president-elect Biden spoke about the need to “address the structural inequities in our economy that this pandemic has laid bare” and referred to the “K-shaped” economic recovery, where the letter’s two diverging strokes depict two different economic outcomes facing Americans. The haves and the have-nots.
President-elect Joe Biden has officially announced several people he intends to take senior economic roles in his administration. That’s in addition to Janet Yellen as Treasury Secretary.
Politically, Janet Yellen was the safe choice among the names on president-elect Joe Biden’s shortlist for his Treasury secretary. She’s well-respected by investors and people on both sides of the ideological spectrum.
Millions of Americans are celebrating Thanksgiving this week, but the latest data on the US economy shows exactly which areas have the most to be thankful for. Government statisticians moved up the release of figures that would have otherwise occurred during the holiday. That left the release of seven indicators today. Here’s a rundown:
If you’re planning to shop from a small business this holiday season, there are many more of them to choose from, especially online.
President-elect Joe Biden is expected to announce former Fed chair Janet Yellen as his administration’s choice for Treasury secretary.
Americans on the hunt for smaller turkeys for Thanksgiving this year are in for a challenge.
