U.S. Economy
Here are the signs the job market is hot for workers
A “Now Hiring” advertisement in a store window in Bay Shore, New York, on March 24, 2022. Steve Pfost/Newsday RM via Getty Images Claims for unemployment insurance last week fell to their lowest level in more than 50 years — yet another sign workers are reaping the benefits of a hot labor market. Americans filed […]
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U.S. has until June to decide whether we need new Covid shots for this fall, FDA official says
A volunteer is injected with a vaccine as he participates in a coronavirus disease (COVID-19) vaccination study at the Research Centers of America, in Hollywood, Florida, September 24, 2020. Marco Bello | Reuters The FDA has until the early summer to decide whether vaccine makers need to change existing Covid shots to target different virus […]
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Macy’s warns that inflation-squeezed consumers may choose to spend on travel over shopping
A person walks past a Macys store in Hyattsville, Maryland, on February 22, 2022. Stefani Reynolds | AFP | Getty Images As inflation threatens to weigh on consumer demand, particularly among low-to-middle income consumers, Macy’s says more shoppers could be faced with a consequential choice: Head to the mall or take a summer vacation. “The […]
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Developers are turning to master-planned communities to solve the housing affordability crisis
Americans who are short on cash to make rent may need to face an uncomfortable reality: Conditions will likely get worse before they get better. U.S. housing supply fell to the lowest levels observed in over 20 years, according to the National Association of Realtors. That’s dramatically pushing up prices for consumers, and catching the […]
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Scientists divided on need for 4th Covid shot after FDA quietly approved another round of boosters
Cathy Dozal gets her second booster shot against COVID-19 from Vocational nursing student, Patricia Lizardo, at Long Beach City College in Long Beach on Wednesday, March 30, 2022. Brittany Murray | Medianews Group | Getty Images Leading U.S. scientists and physicians worry that the FDA and CDC are moving too fast in approving a fourth […]
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Global government debt set to soar to record $71 trillion this year, new research says
People wearing protective face masks wait at a bus stop with a display of the current national debt amid the coronavirus disease (COVID-19) pandemic in Washington, January 31, 2022. Sarah Silbiger | Reuters LONDON — Global sovereign debt is expected to climb by 9.5% to a record $71.6 trillion in 2022, according to a new […]
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CDC director says high immunity in U.S. population provides some protection against omicron BA.2
CDC Director Rochelle Walensky on Tuesday said there is enough immunity in the U.S. population to provide some protection against the more contagious omicron BA.2 subvariant, which could help stave off another Covid wave that slams hospitals. “The high level of immunity in the population from vaccines, boosters and previous infection will provide some level […]
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Biden administration launches national research plan to understand and treat long Covid
U.S. President Joe Biden delivers remarks on the coronavirus disease (COVID-19) before receiving a second COVID-19 booster vaccination in the Eisenhower Executive Office Building’s South Court Auditorium at the White House in Washington, U.S., March 30, 2022. Kevin Lamarque | Reuters President Joe Biden on Tuesday directed the Health and Human Services Department to lead […]
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Russia debt default prospect resurfaces as U.S. blocks bond payment
Russian President Vladimir Putin attends a meeting with members of the Security Council at a residence outside Moscow, Russia April 1, 2022. Mikhail Klimentyev | Sputnik | Reuters The prospect of a Russian debt default has once again been brought to the fore with the U.S. Treasury blocking dollar-denominated debt payments from Moscow via U.S. […]
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Manhattan residential real estate sales hit a record $7.3 billion in the first quarter
Luxury high-rise apartments are viewed across Central Park South near Columbus Circle in the Manhattan borough of New York. Robert Nickelsberg | Getty Images Manhattan residential real estate sales topped $7 billion in the first quarter, marking the strongest-ever start to a year as the market shows no signs of slowing, according to new sales […]
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