U.S. Economy
Here’s where the jobs are — in one chart
Strong hiring in the manufacturing, transportation and warehousing and health-care sectors during April helped the U.S. economy notch its 12th straight month of job gains of 400,000 or more. The U.S. economy added 428,000 jobs last month, the Labor Department reported Friday, the same gain as in March that followed a jump of 714,000 in […]
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How college athletes line up tens of thousands of dollars in name, image and likeness deals
The NCAA enacted an interim name, image and likeness policy almost a year ago, which allows athletes — many of whom have big social media followings — to make deals with local car dealerships, and in some instances, with major retail and media brands. Several states have written their own individual laws to regulate compensation […]
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Why the market is taking Powell’s ‘soft-ish’ economic language so hard: Former Fed official Roger Ferguson
Roger Ferguson Michael Nagle | Bloomberg | Getty Images Anyone who read a Fed chair coining the term “soft-ish” for an economic landing, as Jerome Powell did on Wednesday, as a bullish signal, has a transitory understanding of how much significance to give to any single day’s trading action. Stocks tanked on Thursday after the […]
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New York City could bring back Covid mask mandate, vaccine checks if hospitals come under pressure
Children are seen walking to school, on the first day of lifting the indoor mask mandate for DOE schools between K through 12, in Brooklyn, New York City, New York, U.S. March 7, 2022. Brendan McDermid | Reuters New York City could bring back mask mandates and proof of vaccination status to go to restaurants, […]
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Consumers at breaking point as Fed’s inflation battle heats up, investor Peter Boockvar warns
The economy may be hitting a crucial turning point. Investor Peter Boockvar warns the Federal Reserve will not be able to meaningfully contain surging inflation, and there’s not much more consumers can withstand. “It gets to the question: At what point does the consumer blink in the face of these rising prices,” the Bleakley Advisory […]
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Biden touts $1.5 trillion budget deficit reduction — but he’s not telling the whole story
U.S. President Joe Biden speaks while meeting with small business owners in the Eisenhower Executive Office Building in Washington, D.C., on Thursday, April 28, 2022. Samuel Corum | Bloomberg | Getty Images President Joe Biden on Wednesday tried to cast his administration as spending hawks, touting sizable reductions in the federal deficit this fiscal year […]
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Moderna blows out first-quarter earnings expectations, triples Covid vaccine sales
The Moderna Covid-19 vaccine awaits administration at a vaccination clinic in Los Angeles, California on December 15, 2021. Frederic J. Brown | AFP | Getty Images Moderna sold $5.9 billion of its Covid vaccine in the first quarter, blowing out revenue and profit expectations. The biotech company’s shares soared by more than 8% in premarket […]
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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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