U.S. Economy
White House to host union organizers representing Amazon, Starbucks workers
U.S. Vice President Kamala Harris will host a White House meeting with organizers from unions seeking to represent workers at Amazon.com, Starbucks and other employers. Kent Nishimura | Los Angeles Times | Getty Images U.S. Vice President Kamala Harris will host a White House meeting on Thursday with organizers from unions seeking to represent workers […]
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U.S. inflation hot spots happen to be pandemic-migration hot spots
Some of the hottest pandemic-migration destinations also happen to be home to the hottest regional inflation rates. The relationship between migration and inflation has strengthened significantly as more people relocate from expensive coastal cities to more affordable metro areas, according to an analysis released by Redfin on Tuesday. “We saw an acceleration of inflation happen […]
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Paxlovid prescriptions to treat Covid increased tenfold in U.S. since late February, Pfizer says
Pfizer on Tuesday said prescriptions for its oral antiviral to treat Covid-19 have increased tenfold in the U.S. since late February, as more pharmacies and other locations receive supply. CEO Albert Bourla, in an earnings call Tuesday morning, said nearly 80,000 patients were treated with Paxlovid in the U.S. the week ending April 22, up […]
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The Great Resignation is still red hot — but may not last
Peter Dazeley | The Image Bank | Getty Images The pandemic-era trend known as the “Great Resignation” is still red-hot, as workers enjoy the perks of record-high demand for their labor. However, economic headwinds mean those benefits may not last much longer, according to economists. A record 4.5 million workers quit their jobs in March, […]
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Office demand comes roaring back as stocks in the space play catchup
If you’re not back to the office already, you may be soon. After a five-month lull, likely due to the extremely contagious omicron variant of the coronavirus, new demand for office space jumped in March. Barring another major setback in the pandemic, it will likely continue to rise, but offices themselves will undergo a makeover […]
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Pfizer reports combined sales of $15 billion for Covid vaccine and antiviral treatment in first quarter
Albert Bourla, chief executive officer of Pfizer pharmaceutical company, arrives to ring the closing bell at the New York Stock Exchange. Drew Angerer | Getty Images Pfizer beat on its top and bottom line in its first quarter earnings report, driven by strong sales of its Covid vaccine and oral antiviral treatment. The pharmaceutical giant […]
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Home affordability is nearly the worst on record as mortgage rates spike
A “For Sale” sign outside a home in Louisville, Kentucky. Luke Sharrett | Bloomberg | Getty Images Mortgage rates just hit their highest level since 2009, and home prices are continuing to experience double-digit gains. Now, nearly all of the major housing markets in the United States are less affordable than they have been historically, […]
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Here’s how you can prepare if there’s a half point rate hike from the Fed
Consumers are spending more to keep up with the surging cost of living and it may get worse before it gets better. “Even though wage growth has been the best in decades, it’s been outpaced by increased household costs,” said Greg McBride, chief financial analyst at Bankrate.com. “With inflation at a 40-year high, that has […]
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CDC says adenovirus may contribute to liver injury in healthy children after investigating Alabama cases
Adenovirus structure, computer illustration showing the surface structure of the virus’ outer protein coat (capsid). Kateryna Kon | Science Photo Library | Science Photo Library | Getty Images Nine children in Alabama with severe acute hepatitis, three of whom suffered liver failure, all tested positive for adenovirus and none of them had a history Covid-19 […]
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How this U.S.-made, $176,000 anti-tank weapon could change the war in Ukraine
Ukraine’s defense against Russia is being supported by billions of dollars in military aid from NATO countries. One of the most capable and expensive weapon systems supplied is the FGM-148 Javelin, a U.S.-made anti-armor weapon that costs about $176,000 each. “We don’t know where and when the next kinetic war will be, and producing new […]
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