Nov 10 Watch 9:16 What’s driving U.S. inflation and how price pressures could be reduced By Lisa Desjardins, Amber Partida New numbers show an inflationary wave is still building in the U.S. economy. The labor department reports consumer prices jumped more than six percent in October as compared to a year ago — the biggest increase in 31 years. Catherine… Continue watching
Nov 10 How the supply chain caused current inflation, and why it might be here to stay By Craig Austin, The Conversation Inflation soared 6.2% in October from a year earlier, the fastest pace since 1990. Continue reading
Nov 10 How the pandemic has affected the economy, from empty shelves to higher prices By Alberto Cavallo, Oleksiy Kryvtsov, Econofact COVID supply disruptions, evident in product shortages at the retail level, were an important driver of inflation a year after the start of the crisis. Continue reading
Nov 10 WATCH: Biden says infrastructure bill will ease economy woes with time By Josh Boak, Colleen Long, Associated Press President Joe Biden touted his $1 trillion infrastructure plan Wednesday as an eventual fix for the nation's inflation and supply chain woes -- if Americans just have the patience to wait for the construction to begin. Continue reading
Nov 10 U.S. consumer prices spiked 6.2 percent in past year, highest inflation rate since 1990 By Christopher Rugaber, Associated Press Driving the price spikes are persistent supply shortages resulting from robust consumer demand and COVID-related factory shutdowns coming out of the pandemic recession. Continue reading
Nov 09 American manufacturer General Electric to divide into 3 public companies By Michelle Chapman, Associated Press It is the culmination of an arduous, years-long reshaping of a symbol of American manufacturing might that could signal the end of conglomerates as a whole. Continue reading
Nov 08 U.N. humanitarian chief says over 3 million in Myanmar need ‘life-saving’ aid By Edith M. Lederer, Associated Press Martin Griffiths also urged donors on Monday to respond to the U.N. appeal, saying less than half of the $385 million required has been raised since the military ousted the elected government of Aung San Suu Kyi. Continue reading
Nov 05 Watch 5:36 The latest jobs report showed strong gains, but a worker shortage still exists. Here’s why The latest jobs report showed stronger than expected gains last month and found more jobs were created in August and September than previously estimated. The private sector gained momentum, with the leisure and hospitality sector adding 164,000 jobs. The professional… Continue watching
Nov 05 WATCH: Biden touts October growth of 531,000 jobs By Christopher Rugaber, Associated Press The economy’s emergence from the pandemic, by most measures, remains on course. Continue reading
Nov 03 Supply chain delays stifle shipments for California farmers By Adam Beam, Associated Press Intense demand for products has led to a backlog of container ships outside the nation's two largest ports along the Southern California coast. Continue reading