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Category: News


News

US jobless claims fall to 547,000, another pandemic low

April 22, 2021

Via: ABC News

WASHINGTON — The number of Americans applying for unemployment aid fell last week to 547,000, the lowest point since the pandemic struck and an encouraging sign that layoffs are slowing on the strength of an improving job market. The Labor […]


Industries, News, Others

Alaska to join Florida in suing the CDC for its ‘job-killing’ pause on the US cruise industry

April 21, 2021

Via: Markets Insider

Alaska Gov. Mike Dunleavy announced on April 20 that Alaska will be joining Florida in suing the US Centers for Disease Control and Prevention to bring cruising back. The CDC has maintained its pause on the cruise industry – via […]


News

Businesses scramble for help as job openings go unfilled

April 21, 2021

Via: ABC News

NEW YORK — It looks like something to celebrate: small businesses posting “Help Wanted” signs as the economy edges toward normalcy. Instead, businesses are having trouble filling the jobs, which in turn hurts their ability to keep up with demand […]


News

Biden OKs more foreign seasonal workers as economy improves

April 20, 2021

Via: ABC News

President Joe Biden’s administration announced an increase Tuesday in the number of temporary seasonal workers who will be allowed to work in the U.S. this year as the U.S. economy recovers from the pandemic. The Department of Homeland Security said […]


News

Americans Faced Less Financial Hardship in 2020 Than Before the Pandemic—But That May Not Last

April 19, 2021

Via: Time

For good or bad, the pandemic’s economic forces reshaped Americans’ personal finances over the last year. Everyday expenses including commuting fares, daycare and leisure activities like travel and dining out dropped off family budgets. At the same time, millions of […]


News

China’s Growth Surges to 18.3% but the Pandemic Rebound Is Leveling Off

April 16, 2021

Via: Time

BEIJING — China’s economy grew by double digits in the latest quarter but an explosive rebound from the coronavirus pandemic is slowing abruptly as manufacturing and consumer spending return to normal. The economy grew by 18.3% over a year ago, […]


News

Biden likely to cut about $700 billion from his infrastructure plan in compromise, Goldman says

April 12, 2021

Via: Markets Insider

President Joe Biden probably won’t get everything on his economic-recovery wish list, Goldman Sachs economists said Sunday. Despite passing $1.9 trillion in new stimulus just one month ago, the White House is already prepping another massive spending effort. The president […]


Financial Services, Industries, News

Biden’s China policy is tougher on financial firms than Trump’s was, report says

April 9, 2021

Via: CNBC

BEIJING — As U.S.-China tensions continue to simmer under a new administration, risks for American investors with exposure to China are only going to rise, according to a report from Cowen. “We believe President Biden represents a greater risk for […]


News

Jamie Dimon says economic boom fueled by deficit spending, vaccines could ‘easily run into 2023’

April 7, 2021

Via: CNBC

Jamie Dimon is bullish on the U.S. economy – at least for the next few years. In his annual shareholder letter, the long-time JPMorgan Chase chairman and CEO said he sees strong growth for the world’s biggest economy, thanks to […]


News

Biden says higher corporate tax won’t hurt economy; Manchin opposes 28% rate

April 5, 2021

Via: CNBC

President Joe Biden said Monday he is not worried that a plan to increase corporate America’s tax bill would dampen the U.S. economy as it emerges from the Covid-19 pandemic. Asked whether he is concerned that the White House plan […]