Apr 15 U.S. jobless claims plunge to 576,000, lowest since pandemic By Christopher Rugaber, Associated Press The number of Americans applying for unemployment benefits tumbled last week to 576,000, a post-COVID low and a hopeful sign that layoffs are easing as the economy recovers from the pandemic recession. Continue reading
Apr 14 Federal Reserve survey finds economy rebounding, helped by stimulus, vaccines By Martin Crutsinger, Associated Press The new survey released Wednesday showed that the Fed's business contacts around the country were expressing more optimism about the economy's outlook as activity accelerated. Continue reading
Apr 13 Asian Americans are the fastest growing group in the U.S., report finds By Vignesh Ramachandran Fast-growing Asian American population set to change business and politics in the U.S. Continue reading
Apr 13 Virus impact to cause global 'aftershocks' says U.S. intel report By Eric Tucker, Associated Press A U.S. intelligence community report says the effects of the coronavirus pandemic are expected to contribute over the next year to "humanitarian and economic crises, political unrest, and geopolitical competition."… Continue reading
Apr 12 WATCH: Biden tells execs U.S. needs to invest, lead in computer chips By Tom Krisher, Alexandra Jaffe, Associated Press President Joe Biden used a virtual meeting with corporate leaders about a global shortage of semiconductors to push for his $2.3 trillion infrastructure plan. Continue reading
Apr 12 U.S. budget deficit jumps to record $1.7 trillion this year By Martin Crutsinger, Associated Press The U.S. government’s budget deficit surged to an all-time high of $1.7 trillion for the first six months of this budget year. Continue reading
Apr 11 Watch 8:02 COVID-19 didn't stop these musicians from performing—here's how By Christopher Booker Over a year of COVID-19 shutdowns continues to be particularly hard for artists who rely on live shows and events to make a living — and despite streaming platforms like Spotify drawing more business than ever, many independent performers have… Continue watching
Apr 11 Biden sees 'win' for U.S. in electric vehicle battery deal By Matthew Daly, Tom Krisher, Associated Press The agreement between LG Energy Solution and SK Innovation ended the need for Biden to intervene in a case closely watched for its implications on Biden's clean-energy agenda, which includes a sharp increase the number of electric vehicles as part… Continue reading
Apr 09 Amazon secures enough votes to block labor union in Alabama By Joseph Pisani, Associated Press Amazon crossed the threshold to secure a majority of votes, with 1,798 warehouse workers rejecting the union and 738 voting in favor, according to the National Labor Relations Board, which is overseeing the process. Continue reading
Apr 08 Watch 5:37 How Biden's infrastructure plan aims to tax corporations that move profits overseas By Amna Nawaz, Courtney Norris One major way that President Joe Biden and his team propose paying for his $2 trillion infrastructure plan is by revamping the way U.S. corporations pay taxes. As Amna Nawaz reports, the plan would both raise tax rates, and go… Continue watching