• News Wrap: Federal Reserve projects rate increases in 2023 as economy recovers from COVID

    News Wrap: Federal Reserve projects rate increases in 2023 as economy recovers from COVID

    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...

  • Jobs report shows gains, but is it good news for the economy?

    Jobs report shows gains, but is it good news for the economy?

    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 ...

  • OPEC to increase oil output as global economy recovers

    OPEC to increase oil output as global economy recovers

    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.

  • CEO pay rises to $12.7 million even as pandemic ravages economy

    CEO pay rises to $12.7 million even as pandemic ravages economy

    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.

  • Why the latest jobs report was disappointing, and what it means for the economy

    Why the latest jobs report was disappointing, and what it means for the economy

    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 ...

  • Europe's economy shrinks in first quarter as U.S. rolls ahead

    Europe's economy shrinks in first quarter as U.S. rolls ahead

    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 ...

  • U.S. economy accelerated at a robust 6.4 percent rate last quarter

    U.S. economy accelerated at a robust 6.4 percent rate last quarter

    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 ...

  • Amsterdam’s ‘doughnut economy’ puts climate ahead of GDP

    Amsterdam’s ‘doughnut economy’ puts climate ahead of GDP

    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...

  • Biden approves more foreign seasonal workers as economy improves

    Biden approves more foreign seasonal workers as economy improves

    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 ...

  • Biden's poll numbers on the economy rival Trump's for the first time

    Biden's poll numbers on the economy rival Trump's for the first time

    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 ...