economy
The great inflation spike of the past three years is nearly spent — and economists credit American consumers for helping slay it. Some of America’s largest companies, from Amazon to Disney to Yum Brands, say their customers are increasingly seeking cheaper alternative products and services, searching for bargains or just avoiding items they deem too expensive. […]
Global stock markets experienced a significant plunge on Monday, driven by fears of a U.S. economic slowdown. The Dow Jones opened over 1,000 points lower, the S&P 500 dropped by 4.25%, and the Nasdaq Composite fell by more than 6%, though they recovered slightly later in the day. Japanese stocks also faced severe losses, with […]
In 2023, CEO compensation packages for S&P 500 companies surged by nearly 13%, far outpacing the 4.1% wage increase for private-sector workers amid rising inflation. The median CEO pay reached $16.3 million, making the typical CEO earn nearly 200 times more than their median employee. Economic resilience and robust profits bolstered stock prices, leading to […]
Last month, U.S. employers added 678,000 jobs, which is the largest gain since last July. According to data, the unemployment rate fell to 3.8% last month, from 4% in January and job gains for December and January were also revised up by a total of 92,000 jobs. Nela Richardson, the chief economist for the payroll […]
New York Gov. Kathy Hochul made her first State of the State address last night. Hochul outlined a plan that includes more than $2 billion in tax cuts for middle-class taxpayers and small business owners as well as a $10 billion investment in the state’s healthcare system and workers to help alleviate the current staffing […]
According to Century Foundation, about 7.5 million workers on pandemic-era unemployment benefits will be cut off when extra benefits expire on September 6th. Critics of pandemic aid have say the benefits, have kept people from accepting new jobs that would jumpstart the economy. But, research also shows that financial assistance hasn’t kept people from taking […]
India is currently facing an out-of-control coronavirus wave. Thousands of people are dying, some in the streets, every single day. Prime Minister Narendra Modi is hesitant to put his economy through another round of turmoil. Regardless of the Prime Minister’s hesitancy, India’s economy may crash anyways. India is the second-largest global exporter of leather and […]
Okonjo-Iweala has spent most of her career as an economist and as the finance minister for Nigeria, but now that the candidate from South Korea has dropped out of the race, she is slated to become the worlds first Black woman to become president of the World Trade Organization. At first, the South Korean Trade […]
While holiday shoppers traditionally get the majority of their shopping done on Black Friday, Small Business Saturday sometimes gets overlooked. This year, more than ever, small businesses across the nation need support from shoppers in their communities. Brighton’s Cooks World is a great example of one of these local retailers that are depending on the […]
President-In-Waiting Joe Biden is a voice of calm and reason, in an era or chaos and lies. Biden addressed the Nation late Friday night, as ballots counting continued in four battleground states. In stark contrast to #45, Biden’s speech celebrated the democratic process of counting every vote. He acknowledge his growing lead in Georgia, Arizona, […]
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