May 28 CEO pay rises to $12.7 million even as pandemic ravages economy By Stan Choe, Associated Press 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. Continue reading
May 27 Watch 2:28 Biden’s proposed budget plan could be the largest since World War II. Here’s what’s in it By Yamiche Alcindor President Joe Biden's first budget proposal, which will be released Friday, will look to transform the economy, education — all while confronting climate change. It would also be historic in its price tag if passed: $6 trillion — the highest… Continue watching
May 27 U.S. jobless claims fall to 406,000, a new pandemic low By Christopher Rugaber, Associated Press The number of Americans seeking unemployment benefits dropped last week to 406,000, a new pandemic low and more evidence that the job market is strengthening as the virus wanes and economy further reopens. Continue reading
May 26 Watch 8:04 With PPP fund empty, can other programs to help small businesses provide relief? By Lisa Desjardins, Matt Loffman, Kate Grumke Over the past 14 months, the U.S. Government has allocated hundreds of billions of dollars to help small businesses survive the pandemic's economic hurdles. All that funding has been managed by the U.S. Small Business Administration, but many of the… Continue watching
May 13 The U.S. birth rate began dropping years before the pandemic. Here’s why By Courtney Vinopal Even as the U.S. economy turns a corner, several women told the PBS NewsHour that the pandemic exacerbated already-existing anxieties they had about raising children in America, and they’re not certain when they’ll feel equipped to support a family. Continue reading
May 06 U.S. unemployment claims fall to a pandemic low of 498,000 By Christopher Rugaber, Associated Press The number of Americans seeking unemployment aid fell last week to 498,000, the lowest point since the viral pandemic struck 14 months ago and a sign of the job market's growing strength as businesses reopen and consumers step up spending. Continue reading
Apr 29 U.S. economy accelerated at a robust 6.4 percent rate last quarter By Martin Crutsinger, Associated Press Powered by consumers, the U.S. economy grew at a brisk 6.4% 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… Continue reading
Jan 27 Watch 6:45 ‘Small army’ of online investors drives stock market frenzy Part of Wednesday's market frenzy was not just a plunge due to the concerns over the pandemic. There's been major tumult in recent days as individual investors and young day traders upend the market and send prices of a few… Continue watching
Jan 25 Watch 6:39 Biden’s relief plan faces resistance from both sides of the aisle Republicans and some Democrats are pushing back against President Biden's $1.9 trillion relief plan meant to address a host of health and economic issues brought on by the pandemic. Heather Boushey, a member of the Biden administration's White House Council… Continue watching
Jan 21 U.S. unemployment claims fall to a still-high 900,000 By Christopher Rugaber, Associated Press Fewer Americans applied for unemployment benefits last week, lowering claims to 900,000, still a historically high level that points to further job cuts in a raging pandemic. Continue reading