Consumer sentiment reports reflect a universal truth: Lower income households feel the punch of inflation worse than wealthy households. But affordable housing — and lack thereof — is one issue that brings Americans together, across the…
From the BBC World Service: U.S. Secretary of State Antony Blinken met with Chinese President Xi Jinping on Friday — we’ll get into what they spoke about. Plus, Chinese tech company ByteDance says it has no intention of selling TikTok to…
The U.S. economy grew by just 1.6% last quarter — falling very short of expectations. At the same time, inflation was up, according to the latest PCE. What’s the Federal Reserve’s next move? Plus, small businesses could see big…
New emissions standards for fossil fuel power plants would require them to eliminate 90% of the carbon dioxide they emit, or close. But the Supreme Court could strike down the regulations before they go into effect. Plus, New Jersey…
Call it a manufacturing resurrection: Orders for durable goods — big-ticket items from washing machines to airplanes — rose 2.6% in March. It’s a sign that manufacturing is coming back online and the economy is getting get back to where…
"As officials have looked to put their money towards closing the digital divide, internet providers like AT&T and Verizon have been very aggressive in lobbying back," said The Washington Post's Tony Romm.
The Joe Biden administration has announced a pair of new measures to strengthen worker protections. It’s widening eligibility for overtime, bringing in millions of more employees, and is looking to largely ban on noncompete agreements,…
EV maker Tesla will release quarterly results after markets close on Tuesday, but the company has been struggling so far this year. Beset by stiff global competition, Tesla has been cutting prices and laying off workers. We’ll set the…
El Savador's President Nayib Bukele took on gang violence by introducing a state of emergency in 2022. The country is now safer, but its economy is struggling to grow.
We get quarterly results from EV maker Tesla after the close of trading on Tuesday. The company’s been dubbed one of the so-called “Magnificent 7” — a group of tech giants that also includes Apple, Alphabet, Amazon, Meta, Microsoft and…
The Supreme Court is scheduled to hear oral arguments today on whether the National Labor Relations Board has to meet a higher burden of proof when intervening on behalf of workers trying to unionize. Starbucks is challenging some of the…
Higher interest rates and insurance costs make building low-income and supportive housing more costly — especially in California, home to 28% of the U.S. homeless population.
Among the stuff that people keep spending on despite higher prices are consumer packaged goods. Shampoos and laundry detergents, diapers and razors, and so on.