Oct 12 2 Stanford economists win Nobel prize for auction theory By Associated Press Two American economists won the Nobel Prize on Monday for improving the theory of how auctions work and inventing new and better auction formats that are now woven into many parts of the economy. Continue reading
Oct 04 Pope: Market capitalism has failed in pandemic, needs reform By Nicole Winfield, Associated Press Pope Francis says the coronavirus pandemic has proven that the “magic theories” of market capitalism have failed and that the world needs a new type of politics that promotes dialogue and solidarity and rejects war at all costs. Continue reading
Oct 02 U.S. hiring slows for 3rd month but jobless rate falls to 7.9 percent By Associated Press With September’s hiring gain, the economy has recovered only slightly more than half the 22 million jobs that were wiped out by the viral pandemic. Continue reading
Sep 30 Cold weather means new challenges for struggling restaurants By Dee-Ann Durbin, Associated Press U.S. restaurants are moving warily into fall, hoping their slow recovery persists despite the new challenge of chilly weather and a pandemic that’s expected to claim even more lives. Continue reading
Sep 30 WATCH: Small businesses in food industry testify about COVID-19 impact By Associated Press Business owners and leaders in the food industry will testify Sept. 30 about the challenges food producers and retailers are facing amid COVID-19 and what lies ahead in the next several months as the pandemic continues. Continue reading
Sep 12 Watch 10:55 In Lehigh Valley, PA, economic concerns predate the pandemic By Christopher Booker, Mori Rothman NewsHour Weekend’s new series “Road to Elections 2020” kicks off in the swing state of Pennsylvania, which flipped for Republicans in 2016. Christopher Booker reports from the Lehigh Valley in Northeast Pennsylvania where concerns over the economy predate the COVID-19… Continue watching
Sep 07 WATCH: Trump attacks Biden over plans for coronavirus, economy By Associated Press President Donald Trump used a Labor Day news conference from the White House to criticise his presidential election opponent, Joe Biden, over his plans for handling the coronavirus pandemic. Continue reading
Sep 04 U.S. unemployment rate falls to 8.4 percent even as hiring slows By Associated Press Employers added 1.4 million jobs, the Labor Department said, down from 1.7 million in July. Continue reading
Aug 27 More than 1 million Americans file for unemployment, again By Paul Wiseman, Associated Press Just over 1 million Americans applied for unemployment benefits last week, a sign that the coronavirus outbreak continues to threaten jobs even as the housing market, auto sales and other segments of the economy rebound from a springtime collapse. Continue reading
Aug 26 Powell edges toward loosening the Fed's stance on inflation By Martin Crutsinger, Associated Press In a sign of how vastly the U.S. economic landscape has changed, Federal Reserve Chairman Jerome Powell may be on the verge of sending a new message this week: That the Fed plans to leave its key rate pinned near… Continue reading