Jul 05 How ransomware attacks are roiling the cyber insurance industry By Frank Bajak, Associated Press Thousands of victims have been identified in at least 17 countries, with ransom demands of up to $5 million reported. The FBI says the scale of the attack means it may not be able to respond to each victim individually. Continue reading
Jul 02 Ransomware hits hundreds of U.S. companies, security firm says By Frank Bajak, Eric Tucker, Matt O'Brien, Associated Press A ransomware attack paralyzed the networks of at least 200 U.S. companies on Friday, according to a cybersecurity researcher whose company was responding to the incident. Continue reading
Jul 02 A quarter of Americans are worried about inflation. Here are 4 things to watch By Courtney Vinopal 26 percent of Americans surveyed in a recent PBS NewsHour/NPR/Marist Poll said inflation was their number one concern regarding the U.S. economy. Here’s a look at some of the factors driving prices up in the U.S. right now. Continue reading
Jul 02 WATCH: Biden speaks on latest gains in jobs report By Christopher Rugaber, Associated Press The report suggested that American workers are enjoying an upper hand in the job market as companies, desperate to staff up in a surging economy, dangle higher wages. Continue reading
Jul 01 Watch 8:58 A tech apprenticeship program helping middle America find jobs without college By Paul Solman Even before the pandemic sent shock waves through the U.S economy, innovation had always been a key to success in business. As part of our "Work Shift" series, economics correspondent Paul Solman looks at one businessman whose determination to locate… Continue watching
Jul 01 Facing skilled worker shortage, U.S. companies try to train their own new labor pools By Levi Pulkkinen, The Hechinger Report With a growing consensus that some sectors of the economy face a shortage of qualified workers, employers are paying entry-level workers to learn on the job. Continue reading
Jul 01 CBO projects federal deficit will hit $3 trillion this year By Martin Crutsinger, Associated Press In an updated forecast Thursday, the CBO said the deficit for the current 2021 budget year, which ends Sept. 30, will be the second-largest in history, coming in shy of last year's record shortfall of $3.13 trillion. Continue reading
Jul 01 House approves $715 billion transportation and water bill By Kevin Freking, Associated Press The Democratic-led House has approved a sizable $715 billion transportation bill. The bill passed Thursday includes spending for roads, rail, public transit and water. Continue reading
Jul 01 U.S. jobless claims fall to 364,000, a new pandemic low By Paul Wiseman, Associated Press The number of Americans applying for unemployment aid fell again last week to the lowest level since the pandemic struck last year, further evidence that the job market and the broader economy are rebounding rapidly from the coronavirus recession. Continue reading
Jul 01 Half of U.S. fears another COVID wave even as optimism grows By Laura Santhanam About one in four predict that it will take another year or more -- if ever -- before life can return to what it was, while 12 percent of Americans say they have already regained a sense of normality, according… Continue reading