Stocks fell on Wednesday in directionless trade, extending he previous day’s declines as rising COVID-19 infections momentarily upended expectations about growth. In Tuesday’s regular session, the Dow Jones Industrial Average and S&P 500 Index lost ground, but the technology-laced Nasdaq bucked the trend by posting a marginal gain. The market […]
economy
Biden calls US economy ‘strong’ despite disappointing jobs report | Business and Economy News
‘The measures we’ve taken so far have brought America out of an economic free-fall,’ US President Joe Biden said Friday. By Jennifer JacobsBloomberg President Joe Biden said the U.S. economy remains strong after a disappointing jobs report, blaming a retrenchment in hiring on the spread of the delta variant of coronavirus. […]
U.S. August Hiring Slows Sharply As Latest Surge Slams Brakes On Economy : NPR
A hiring sign gets displayed in a store window in New York City in August. Last month saw a sharp slowdown in hiring from previous months as the pandemic wears on and creates uncertainty. Spencer Platt/Getty Images hide caption toggle caption Spencer Platt/Getty Images A hiring sign gets displayed in […]
China’s economy under pressure as factory activity slows in Aug, services contract
Twin PMI surveys point to growing pressure on businesses Surveys suggest economy contracted in Aug – economist High raw material prices, COVID-19 curbs hurt economy Analysts expect more policy support later in year BEIJING, Aug 31 (Reuters) – China’s businesses and the broader economy came under increasing pressure in August […]
Tucker Carlson is wrong. Refugees are good for the economy.
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The reason we should care about refugees is because they are people. But, unfortunately, for many people that is an insufficient moral claim. Even for the tens of thousands of Afghan people who put their lives in jeopardy working alongside the US military over the past 20 years. So let’s […]
Fed’s Jackson Hole conference hopes to address an ‘uneven economy’
Central bankers will convene virtually this week to discuss an “uneven economy,” which could ignite a debate on the Federal Reserve’s policies as they relate to racial inequality and climate change. The Fed’s annual Jackson Hole Economic Symposium is set to kick off on Thursday with the theme: “Macroeconomic Policy […]
Delta variant fueling national concerns but Utah economy still revving
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A growing number of economic red flags are appearing amid rising concerns that resurgent COVID-19 infection rates could lead to a secondary U.S. economic dip. Declining consumer sentiment, a freshly janky investment community and new rumblings of caution from fiscal policymakers may foreshadow some slowing of a recovery that’s been […]
‘Gains will be harder to come by’ for US economy hit by Delta variant: Morning Brief
This article first appeared in the Morning Brief. Get the Morning Brief sent directly to your inbox every Monday to Friday by 6:30 a.m. ET. Subscribe Friday, August 20, 2021 More signs of a summer swoon for economic growth On Thursday morning, we noted that challenges were emerging for the […]
Taliban finances swelled by proceeds of Afghanistan’s shadow economy
The toppling of Afghanistan’s pro-western government and re-establishment of Taliban control has handed the running of the country’s formal economy over to the Islamists. Yet this task will not be completely alien to the militant group, which has operated a parasitic shadow administration across a swath of Afghanistan over the […]
Crypto is reshaping the world economy, 50 years after Nixon ended the dollar’s peg to gold. Here’s how some are playing it
Is the global economy steering toward a Bretton Woods for the digital-currency age? Sunday marks the 50th anniversary of what has been described as the dropping of a “monetary bombshell” on the world financial system, when President Richard Nixon announced that the U.S. dollar would no longer be pegged to […]
‘We’re not going to lock down our economy,’ White House says
WASHINGTON — The White House used Friday’s news of nearly a million jobs gained throughout July to argue that notions of a potential pandemic backslide are greatly exaggerated. “This is not March 2020,” White House press secretary Jen Psaki said during a Friday press conference, addressing fears that the Delta-driven […]
Two years of Kashmir unrest, political void and a sinking economy | Conflict News
Srinagar, Indian-administered Kashmir – Two years after the Modi administration stripped Indian-administered Kashmir of its limited autonomy, political activity in the disputed region is in a deep freeze, businesses are struggling, while people’s rights are being suppressed through stringent laws. On this day two years ago, India’s Hindu-nationalist government led […]
The Economy Is Stronger. 4 Things Will Impact What Happens Next : NPR
Travelers head to a security checkpoint at Denver International Airport on July 2. The economy likely surged in the April-June quarter as vaccine rollouts sparked a surge in pent-up activity. A slowdown is now seen as inevitable, although the pace of growth should remain strong. David Zalubowski/AP hide caption toggle […]
Tunisians protest as COVID surges, economy suffers | Coronavirus pandemic News
Police used pepper spray on protesters in Tunis who threw stones and demanded Prime Minister Hichem Mechichi quit, parliament be dissolved. Police and protesters have clashed in several Tunisian cities as demonstrators demanding the government step down after a spike in COVID-19 cases that has aggravated economic troubles attacked offices […]