Jun 16, 2021 10:45 PM EDT
In our news wrap Wednesday, the Federal Reserve signaled it may raise a key, short-term interest rate — from near-zero — sooner than planned. The European Union called for lifting travel restrictions on Americans. North Korea's leader Kim Jong-un warned of extended COVID restrictions and food shortages. The U.S. Congress moved to give final approval...
Jun 04, 2021 10:50 PM EDT
... a place where the proposal that is on the table is something that is consistent with what the president believes we need to grow the economy, to sustain this economic growth, create good jobs, fight the climate crisis. So, the president and Senator Capito agreed they will speak again on ...
Jun 01, 2021 06:19 PM EDT
Saudi Arabia's energy minister, the de facto leader among member countries, said that there were still "clouds on the horizon" despite recovering demand and the economy rebound in many countries.
May 28, 2021 05:27 PM EDT
The median pay package for a CEO at an S&P 500 company hit $12.7 million in 2020, according to data analyzed by Equilar for The Associated Press.
May 07, 2021 10:50 PM EDT
... spend money on. There are certain aspects of the infrastructure plan and the Families Plan that I think would invest in people, invest in the economy and provide long-term benefits. I think the American Rescue Plan, the stimulus, was much, much too large. And if we do have a ...
Apr 30, 2021 01:28 PM EDT
... 1% contraction expected by economists but still far short of the rebound underway in the United States and China, two other pillars of the global economy. Figures announced Thursday showed the U.S. economy grew 1.6% during the first quarter, with business supported by strong consumer demand. On an ...
Apr 29, 2021 12:57 PM EDT
WASHINGTON (AP) — Powered by consumers, the U.S. economy grew at a brisk 6.4 percent annual rate last quarter — a show of strength fueled by government aid and declining viral cases that could drive further gains as the nation rebounds with unusual speed from the pandemic recession. Thursday's ...
Apr 24, 2021 09:22 PM EDT
Amsterdam is the first city in the world to adopt a radical economic theory that suggests economic growth shouldn’t be the ultimate measure of success. Instead, “doughnut economics” focuses on protecting the environment while meeting citizens’ basic needs. Special Correspondent Megan Thompson reports as part of our ongoing series “Peril & Promise: The Challenge of...
Apr 20, 2021 09:02 PM EDT
WASHINGTON (AP) — 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 the U.S. would approve ...
Apr 15, 2021 04:00 PM EDT
... without power for days and was linked to a number of deaths. “Our infrastructure is lacking and holds us back from competing in the global economy,” said Stephanie Aaronson, vice president and director of the Economic Studies program at the Brookings Institution. The Biden plan seeks to address all of ...
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