In this photo illustration a silhouette of a man holding a medical syringe and a vial seen displayed in front of the Novavax logo on a screen. Cezary Kowalski | Lightrocket | Getty Images The Centers ...
Tag: U.S. Economy
How small businesses are fighting inflation and fear of a recession
Isabel Garcia Nevett is once again making adjustments to her business. After navigating the pandemic and dealing with rising inflation, she’s now thinking about how her Miami-based chocolatier,...
Customer service suffers at short-staffed restaurants as Covid takes toll
A waiter works at a restaurant in Alexandria, Virginia, on June 3, 2022. Olivier Douliery | AFP | Getty Images Jeff Rothenberg has grown accustomed to long wait times at restaurants, even when tables ...
Texas sues Biden administration over abortion rule
Texas Attorney General Ken Paxton speaks during a news conference after the U.S. Supreme Court heard oral arguments in President Joe Biden’s bid to rescind a Trump-era immigration policy that fo...
These are the 10 cities seeing the most price cuts for homes
Daniel Acker | Bloomberg | Getty Images More home sellers are dropping their asking prices as rising mortgage interest rates and inflation have slowed down competition in the housing market. Some citi...
How inflation can hurt and help consumers, according to economists
A person shops for groceries on March 10, 2022 in the Prospect Lefferts Garden neighborhood of Brooklyn. Michael M. Santiago | Getty Images News | Getty Images Inflation hit a new 40-year high in June...
Cathie Wood: Recession Is Already Here; Deflation, Too
Investor Cathie Wood, chief executive of Ark Investment Management, on July 12 reiterated her view that we’re suffering from deflation, not inflation. And she said we’ve already entered recession. The...
US recession looks likely, there are 3 ways the economy could get hit
Rising gas prices are piling pressure on the U.S. economy. Bloomberg | Getty Images The odds of the U.S. economy falling into recession by next year are greater than 50%, Richard Kelly, head of global...
Clothes are expensive even as retailers try to clear inventory
A customer shops for shirts at an American Eagle Outfitters store in San Francisco. David Paul Morris | Bloomberg | Getty Images Excess inventory has racked up in many retailers’ warehouses and ...
Legendary Financier Bill Gross Blames These Two Factors for Inflation
For several weeks now, consumers have been taken in by a bad surprise. When they arrive at the checkout, the bill for their groceries has risen sharply and is nothing like the cost of the same produc...
Bank Of America Becomes Latest Financial Institution To Forecast Recession
Topline Bank of America on Wednesday became the latest financial institution to predict an oncoming recession in the U.S. economy sometime later this year—joining the likes of Deutsche Bank, Goldman S...
Hospitalizations have doubled since May as omicron BA.5 sweeps U.S.
Medical staff treat coronavirus disease (COVID-19) patient Frank Clark in his room on an isolated medical unit floor at Western Reserve Hospital in Cuyahoga Falls, Ohio, January 5, 2022. Shannon Stapl...
Singapore’s state investor Temasek releases annual report for 2022
A signage for Temasek Holdings is displayed during a news conference following the company’s annual review in Singapore on July 9, 2019. Bryan van der Beek | Bloomberg | Getty Images SINGAPORE —...
HHS says physicians must provide abortions in medical emergencies, regardless of state law
Secretary of Health and Human Services Xavier Becerra testifies before the Senate Health, Education, Labor, and Pensions Committee hearing to discuss reopening schools during the coronavirus disease (...
Spirit offer is ‘best and final,’ seeks further vote delay
A Frontier Airlines airplane taxis past a Spirit Airlines aircraft at Indianapolis International Airport in Indianapolis, Indiana, on Monday, Feb. 7, 2022. Luke Sharrett | Bloomberg | Getty Images Fro...
Homebuyers are canceling deals at highest rate since start of Covid
A ‘for sale’ sign hangs in front of a home on June 21, 2022 in Miami, Florida. According to the National Association of Realtors, sales of existing homes dropped 3.4% to a seasonally adjus...
U.S. scientists to enroll 40,000 in high-stakes, $1.2 billion Recover study
A healthcare worker administers a Covid-19 test at testing site in San Francisco, California, U.S., on Monday, Jan. 10, 2022. David Paul Morris | Bloomberg | Getty Images The National Institutes of He...
Involuntary part-time worker numbers dip to lowest level in 21 years
Momo Productions | Digitalvision | Getty Images The number of Americans who want to work full-time but are forced to work part-time jobs declined in June to its lowest in more than 20 years, according...
States spend billions on EVs to replace automotive capital Michigan
For as long as there has been an auto industry, Michigan has been its epicenter. But now, the industry is making clear that it is not bound by tradition. The move to electric vehicles — rapidly accele...
Hot job market and Great Resignation persist despite recession threat
Mixetto | E+ | Getty Images Workers are still reaping the benefits of a hot labor market characterized by few layoffs, ample job openings and a high level of voluntary departures, according to U.S. De...
Economist Roubini: Why Stocks Poised for 50% Wipeout
The stock market is off to its worst start to a year since 1962, with the S&P 500 dropping 21% in the first half of 2022. Meanwhile, many experts are warning that a recession is likely within the ...
U.S. to deploy nearly 300,000 monkeypox vaccine doses to fight outbreak
Mock-up vials labeled “Monkeypox vaccine” are seen in this illustration taken, May 25, 2022. Dado Ruvic | Reuters The U.S. will deploy nearly 300,000 monekypox vaccine doses in the coming...
FDA panel recommends changing Covid shots to fight omicron this fall
A healthcare worker prepares a syringe with the Moderna COVID-19 vaccine at a pop-up vaccination site operated by SOMOS Community Care during the COVID-19 pandemic in Manhattan in New York City, Janua...
Home price increases slowed slightly in April, says S&P Case-Shiller
People walk into a house for sale in Floral Park, Nassau County, New York. Wang Ying | Xinhua News Agency | Getty Images Home price increases slowed ever so slightly in April, but it is the first pote...
Mr. Big Short: Fed May do a 180 on Interest Rates
The Federal Reserve has raised its federal funds rate target by 150 basis points since March, and speculation now centers on how much further the Fed will go. Interest-rate futures traders see an 89% ...
Pending home sales post surprise increase in May
A house’s real estate for sale sign shows the home as being “Under Contract” in Washington, DC. Saul Loeb | AFP | Getty Images Pending home sales, a measure of signed contracts on ex...
World Health Organization says monkeypox is not a global health emergency right now
The World Health Organization on Saturday said the rapid spread of monkeypox across dozens of nations does not represent a global health emergency at this time. WHO Director General Tedros Adhanom Ghe...
Several states immediately institute abortion bans after Roe ruling
Pro-life demonstrators hold signs in front of the U.S. Supreme Court as they await its decision on the legality of a Republican-backed Louisiana law that imposes restrictions on abortion doctors in Wa...
Garland says DOJ ‘strongly disagrees’ with high court ruling
U.S. Attorney General Merrick Garland announces charges against a suspect from Ukraine and a Russian national over a July ransomware attack on an American company, during a news conference at the Just...
Forbes-Bear Market Rallies
The U.S. stock market continues its treacherous year, with the S&P 500 year to date declining over 20% and the Nasdaq Composite Index posting a 28% decline as of June 22. The sharp price declines ...