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Economy

  • Mercedes Recalls Vehicles for Emergency-Call Location Error
    Mercedes Recalls Vehicles for Emergency-Call Location Error
    NEW YORK—Mercedes-Benz is recalling more than 1.3 million vehicles because the software in their emergency-call systems could send responders to the wrong location after a crash. The recall comes after ...
    February 13, 2021BY The Associated Press
  • Biden Administration Postpones 1st Oil Leases of 2021
    Biden Administration Postpones 1st Oil Leases of 2021
    President Joe Biden's administration has postponed oil and gas lease sales that were slated to take place next ...
    February 13, 2021BY Zachary Stieber
  • General Motors Settles With California for $5.75M
    General Motors Settles With California for $5.75M
    SACRAMENTO, Calif.—General Motors Co. has agreed to a $5.75 million settlement with California regarding false statements the company ...
    February 13, 2021BY The Associated Press
  • Biden’s $15 Minimum Wage Would Boost Child Care Costs, Hurt Families: Heritage Foundation
    Biden’s $15 Minimum Wage Would Boost Child Care Costs, Hurt Families: Heritage Foundation
    The author of a new study on the effect of increasing the federal minimum wage to $15 says ...
    February 13, 2021BY Tom Ozimek
  • Some Economists Fear Biden’s $1.9 Trillion Relief Plan Could Spark Excessive Inflation
    Some Economists Fear Biden’s $1.9 Trillion Relief Plan Could Spark Excessive Inflation
    President Joe Biden's proposed $1.9 trillion COVID-19 relief bill is fueling debate among economists about whether it will ...
    February 12, 2021BY Tom Ozimek
  • US Jobless Claims Fall Slightly to 793,000 With Layoffs High
    US Jobless Claims Fall Slightly to 793,000 With Layoffs High
    WASHINGTON—The number of Americans seeking unemployment benefits fell slightly last week to 793,000, evidence that job cuts remain ...
    February 11, 2021BY The Associated Press
  • US Weekly Jobless Claims Hover at Higher Levels
    US Weekly Jobless Claims Hover at Higher Levels
    WASHINGTON—The number of Americans filing new applications for unemployment benefits fell slightly last week as the labor market ...
    February 11, 2021BY Reuters
  • States Push to Rein In Big Tech as Federal Gears Grind Slow
    States Push to Rein In Big Tech as Federal Gears Grind Slow
    States are moving with urgency in seeking to rein in alleged abuses by big tech companies, while the ...
    February 11, 2021BY Tom Ozimek
  • US January Budget Deficit Hits Record $163 Billion as New Aid Checks Sent Out
    US January Budget Deficit Hits Record $163 Billion as New Aid Checks Sent Out
    WASHINGTON—The U.S. government posted a budget deficit of $163 billion in January, a record high for the month ...
    February 11, 2021BY Reuters
  • Biden’s $1.9 Trillion Plan May Overheat US Economy, 2 Economists Say
    Biden’s $1.9 Trillion Plan May Overheat US Economy, 2 Economists Say
    Two leading economists say that President Joe Biden's $1.9 trillion COVID-19 stimulus package might overheat the U.S. economy, ...
    February 10, 2021BY Gary Du
  • Buttigieg Says COVID-19 Testing Requirement for Domestic Air Travel Is Being Considered
    Buttigieg Says COVID-19 Testing Requirement for Domestic Air Travel Is Being Considered
    Transportation Secretary Pete Buttigieg has suggested the federal government may require proof of a negative COVID-19 test result ...
    February 10, 2021BY Tom Ozimek
  • GM 2020 Profit Drops but Makes $6.43 Billion, Despite Pandemic
    GM 2020 Profit Drops but Makes $6.43 Billion, Despite Pandemic
    DETROIT—General Motors' profit fell 4.5 percent in 2020, but a strong second half more than offset the effects ...
    February 10, 2021BY The Associated Press
  • 14 State AGs Say Keystone Cancellation Delivers ‘Crippling Economic Injuries,’ Threaten Legal Action
    14 State AGs Say Keystone Cancellation Delivers ‘Crippling Economic Injuries,’ Threaten Legal Action
    Fourteen Republican attorneys general are urging President Joe Biden to reconsider his decision to cancel a permit for the ...
    February 10, 2021BY Tom Ozimek
  • MyPillow’s Lindell Says Sales Remain Strong Amid ‘Cancel Culture’
    MyPillow’s Lindell Says Sales Remain Strong Amid ‘Cancel Culture’
    MyPillow CEO Mike Lindell said on Feb. 9 that sales of the company's signature product remain strong after ...
    February 10, 2021BY Zachary Stieber
  • GOP Lawmakers Warn Fed Against Greening of US Banking System
    GOP Lawmakers Warn Fed Against Greening of US Banking System
    WASHINGTON—Soon after the November 2020 presidential election, the Federal Reserve declared climate change as a potential threat to ...
    February 9, 2021BY Emel Akan
  • Jeff Bezos Would Owe $2 Billion a Year If Washington Passes Proposed Wealth Tax
    Jeff Bezos Would Owe $2 Billion a Year If Washington Passes Proposed Wealth Tax
    Amazon founder Jeff Bezos, one of the richest men in the world, would owe some $2 billion a ...
    February 9, 2021BY Zachary Stieber
  • Democrats Propose $3,600 per Child Tax Credits in Biden Relief Package
    Democrats Propose $3,600 per Child Tax Credits in Biden Relief Package
    Congressional Democrats are proposing an addition to President Joe Biden's $1.9 trillion pandemic relief package that would send ...
    February 9, 2021BY GQ Pan
  • Psaki Dodges Question About Laid-Off Pipeline Workers, Green Jobs
    Psaki Dodges Question About Laid-Off Pipeline Workers, Green Jobs
    White House press secretary Jen Psaki on Monday dodged a question from a reporter about when unemployed Keystone ...
    February 9, 2021BY Isabel van Brugen
  • White House Ban on New Oil and Gas Leases a ‘Direct Attack’ on Wyoming, Says Governor
    White House Ban on New Oil and Gas Leases a ‘Direct Attack’ on Wyoming, Says Governor
    Wyoming Gov. Mark Gordon said the executive order that pauses new federal leases on oil and gas drilling ...
    February 8, 2021BY Jack Phillips
  • Budget Deficit Will Increase by $54 Billion If Congress Enacts $15 Minimum Wage: CBO
    Budget Deficit Will Increase by $54 Billion If Congress Enacts $15 Minimum Wage: CBO
    The Congressional Budget Office (CBO) released a report this month that shows an increased budget deficit of $54 ...
    February 8, 2021BY Masooma Haq
  • AFL–CIO’s Trumka Criticizes Biden for Canceling Keystone XL Pipeline
    AFL–CIO’s Trumka Criticizes Biden for Canceling Keystone XL Pipeline
    The head of the U.S.'s largest federation of labor unions has criticized President Joe Biden's move to revoke ...
    February 8, 2021BY Jack Phillips
  • Yellen Says US Could Return to Full Employment Next Year if Congress Passes $1.9 Trillion Relief Bill
    Yellen Says US Could Return to Full Employment Next Year if Congress Passes $1.9 Trillion Relief Bill
    The United States could return to full employment in 2022 if Congress approves President Joe Biden's relief package, ...
    February 8, 2021BY Zachary Stieber
  • California Inequality, Class Divide Now Similar to Mexico, Expert Says
    California Inequality, Class Divide Now Similar to Mexico, Expert Says
    The class divide and inequality in the state of California are currently at levels similar to those seen ...
    February 8, 2021BY Isabel van Brugen
  • Yellen: Too Soon to Say If Changes Needed to Address Market Volatility
    Yellen: Too Soon to Say If Changes Needed to Address Market Volatility
    WASHINGTON—U.S. Treasury Secretary Janet Yellen said on Feb. 7 that it's too soon to say whether new policies ...
    February 7, 2021BY Reuters
  • US Consumer Credit Rose by $9.7 Billion in December
    US Consumer Credit Rose by $9.7 Billion in December
    U.S. consumers increased their borrowing in December by $9.7 billion, as Americans took out loans to buy autos ...
    February 6, 2021BY The Associated Press
  • Biden Backs Off $15 Minimum Wage as Virus Relief Plan Takes Shape
    Biden Backs Off $15 Minimum Wage as Virus Relief Plan Takes Shape
    President Joe Biden is backing away from the push to include a minimum wage hike in the CCP ...
    February 6, 2021BY Zachary Stieber
  • Sanders Backs GOP Call for No Minimum Wage Hike During Pandemic
    Sanders Backs GOP Call for No Minimum Wage Hike During Pandemic
    Sen. Bernie Sanders (I-Vt.) backed a Republican amendment blocking the raising of the federal minimum wage to $15 ...
    February 5, 2021BY Tom Ozimek
1 2 3 … 39 Next
TOP NEWS
  • Microsoft Urges US to ‘Copy’ Australia’s Big Tech Media Law
    NEW By Daniel Y. Teng
    Microsoft Urges US to ‘Copy’ Australia’s Big Tech Media Law
  • Support Grows for 9/11-Style Commission to Probe US Capitol Breach
    NEW By Janita Kan
    Support Grows for 9/11-Style Commission to Probe US Capitol Breach
  • $32 Billion for Public Transit in COVID-19 Relief Bill Wasteful: Researcher
    1hr By Petr Svab
    $32 Billion for Public Transit in COVID-19 Relief Bill Wasteful: Researcher
  • Wintry Weather Blanketing US Making Rare Dip to Gulf Coast
    4hr By The Associated Press
    Wintry Weather Blanketing US Making Rare Dip to Gulf Coast
  • Lovers Stay Hopeful on Valentine’s Day Amid Pandemic
    4hr By The Associated Press
    Lovers Stay Hopeful on Valentine’s Day Amid Pandemic
  • De Blasio Calls for ‘Full Accounting’ of Cuomo’s Alleged Nursing Home Death Cover-Up
    5hr By GQ Pan
    De Blasio Calls for ‘Full Accounting’ of Cuomo’s Alleged Nursing Home Death Cover-Up
  • Impeachment Manager: Trial Could Have Lasted Years If Witnesses Were Called
    5hr By Ivan Pentchoukov
    Impeachment Manager: Trial Could Have Lasted Years If Witnesses Were Called
  • Michigan County GOP Censures Rep. Meijer Over Vote to Impeach Trump
    5hr By Ivan Pentchoukov
    Michigan County GOP Censures Rep. Meijer Over Vote to Impeach Trump
  • Wuhan Residents Commemorate COVID-19 Victims During New Year Holiday
    5hr By Nicole Hao
    Wuhan Residents Commemorate COVID-19 Victims During New Year Holiday
  • CDC Director: ‘We Need a Lot More Resources in Order to Get the Schools Safe’
    6hr By Jack Phillips
    CDC Director: ‘We Need a Lot More Resources in Order to Get the Schools Safe’
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