People walk past a COVID-19 walk up testing site on July 28, 2022 in New York City. Liao Pan | China News Service | Getty Images Fall is on the horizon and public health officials are again bracing fo...
Tag: U.S. Economy
Small businesses desperate for workers even as companies slow hiring
While some companies have slowed the pace of hiring due to concerns about an economic slowdown, the demand from small businesses for new workers has not yet shown signs of declining, Paychex CEO Marty...
Home prices weaken but are still much higher than a year ago: S&P Case Shiller
A “For Sale” sign outside a house in Albany, California, on Tuesday, May 31, 2022. David Paul Morris | Bloomberg | Getty Images Home prices in June were 18% higher than during the same mon...
We’re going to have one whopper of a recession in 2023
The U.S. economy is going to fall into a recession next year, according to Steve Hanke, a professor of applied economics at Johns Hopkins University, and that’s not necessarily because of higher...
CDC cautiously optimistic outbreak might be slowing
The Centers for Disease Control and Prevention is cautiously optimistic that the U.S. is slowing the spread of monkeypox as new cases fall in several major cities. “We’re watching this wit...
Why the U.S. military faces a growing recruiting crisis
The U.S. military faces a growing recruiting shortfall — one so large that legislators are getting concerned. “The Army has to recognize that there’s been an evolution in that young popula...
Watch Federal Reserve Chair Jerome Powell speak live at Jackson Hole
[The stream is slated to start at 10 a.m. ET. Please refresh the page if you do not see a player above at that time.] Federal Reserve Chair Jerome Powell delivers a speech at the central bank’s ...
Why even more Americans are arming up with AR-15 guns
The AR-15 is one of the most controversial weapons in America. Lightweight and easily customizable AR-15 style weapons have skyrocketed in popularity in recent years, taking center stage at gun ranges...
Home prices fall for the first time in three years, biggest drop since 2011
An aerial view from a drone shows homes in a neighborhood on January 26, 2021 in Miramar, Florida. According to two separate indices existing home prices rose to the highest level in 6 years. Joe Raed...
Nobel prize winner Phelps says U.S. needs 1950s-style productivity boom
The U.S. needs to return to the kind of economic and productivity growth it saw in mid-20th century to boost public spirits, according to a Nobel Prize-winning economist. “We badly need to get ...
Inflation peaking? 10 common consumer items where prices are falling
A customer shops for eggs in a Kroger grocery store on August 15, 2022 in Houston, Texas. Brandon Bell | Getty Images July’s consumer price index report finally showed a sign of potential relief...
Child polio vaccination rate low in some New York areas, increasing outbreak risk
Nurse Lydia Fulton prepares to administer the measles, mumps, and rubella (MMR) vaccine as well as a vaccine used to help prevent the diseases of diphtheria, pertussis, tetanus, and polio at Children&...
CDC admits Covid response fell short, launches reorganization
Rochelle Walensky, MD, MPH, Director, United States Centers for Disease Control and Prevention; speaks during the COVID Federal Response Hearing on Capitol Hill on June 16, 2022 in Washington, DC. Joe...
Mortgage demand fell last week even as rates declined slightly
A For Sale sign is posted in front of a property in Monterey Park, California on August 16, 2022. Frederic J. Brown | AFP | Getty Images Mortgage rates fell slightly last week, but not enough to fuel ...
Consumers are expected to have spent slightly more in July, but Prime Day may have boosted sales
People shop in a supermarket as inflation affected consumer prices in New York City, June 10, 2022. Andrew Kelly | Reuters Consumers are expected to have spent just slightly more in July, but they may...
U.S. freight rates have peaked, another signal inflation is easing
Trucks at the entrance to the Port of Oakland in Oakland, California, US, on Thursday, July 14, 2022. David Paul Morris | Bloomberg | Getty Images U.S. freight rates increased 28% year over year, but ...
U.S. is in housing recession, homebuilders say
A worker drills plywood on a single family home under construction in Lehi, Utah, on Friday, Jan. 7, 2022. George Frey | Bloomberg | Getty Images Builder sentiment in the market for single-family home...
The other reason why food prices are rising
The United Nations’ worst-case scenario calculation is that global food prices will rise by an additional 8.5% by 2027. More expensive fertilizers are contributed to those higher costs, with som...
Mr.”Big Short” Issues a Dire Warning About the Economy
In the current recent euphoria of the markets, Michael Burry must appear as a killjoy. Moreover, he chose as “Cassandra B.C” as a handle in the microblogging website Twitter. This suggests...
Passage of Inflation Reduction Act gives Medicare historic new powers
A pharmacist collects medications for prescriptions at a pharmacy. Simon Dawson | Bloomberg | Getty Images Medicare is poised to renegotiate the prices of some of its most expensive drugs through a hi...
8 employment fields that advertise the most signing bonuses
Luis Alvarez | Digitalvision | Getty Images Employers are using signing bonuses at an elevated rate to attract talent — and there are ways workers can capitalize on the trend. A signing bonus is a fin...
Fed expected to stick with hawkish interest rate hikes, strategists say
The Federal Reserve is unlikely to pivot from its hawkish interest rate hikes despite positive signs this week that inflation in the U.S. could be easing, according to market strategists. On Thursday,...
Justice Department asks to unseal Trump raid search warrant
Attorney General Merrick Garland said the Justice Department asked a federal judge Thursday to unseal a search warrant that was used by FBI agents to raid the Florida home of former President Donald T...
CDC eases guidance as U.S. has more tools to fight the virus
A sign outside of a hospital advertises COVID-19 testing on November 19, 2021 in New York City. On Friday vaccine advisers to the US Centers for Disease Control (CDC) and Prevention voted unanimously ...
Novavax cuts 2022 revenue guidance in half, stock tanks in after-hours trading
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 Novavax deep...
Consumer confidence in housing market hits lowest in over a decade
A sign stands outside an upscale home for sale in the Lake Pointe Subdivision of Austin, Texas. Ed Lallo | Bloomberg | Getty Images Consumer confidence in the housing market dropped to the lowest leve...
STD clinics struggle with surge in patients amid outbreak
Dr. Emily Drwiega from the University of Illinois Health and Maggie Butler, a registered nurse, prepare monkeypox vaccines at the Test Positive Aware Network nonprofit clinic in Chicago, Illinois, Jul...
New York polio case is ‘tip of iceberg,’ hundreds could be infected
Digitally generated image of 3D molecular model of polio virus Calysta Images | Tetra Images | Getty Images Hundreds could have polio after an adult in the New York City metro area caught the virus an...
Black workers see rise in unemployment
Commuters arrive at Grand Central station during morning rush hour in New York, Nov. 18, 2021. Jeenah Moon | Bloomberg | Getty Images The U.S. job market posted strong growth and a decline in unemploy...