Economic outlook
- Business
Takeaways from AP interview: Biden on inflation, US psyche
WASHINGTON — President Joe Biden on Thursday sat down with the Associated Press to discuss the state of the economy,…
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US inflation at new 40-year high as price increases spread
WASHINGTON — The prices of gas, food and most other goods and services jumped in May, raising inflation to a…
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Yellen: inflation to ‘remain high;’ hopes it’s ‘coming down’
WASHINGTON — Treasury Secretary Janet Yellen acknowledged Tuesday that she and Federal Reserve Chair Jerome Powell “could have used a…
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Virginia wind farm job claims questioned by state regulators
RICHMOND, Va. — As Virginia-based Dominion Energy seeks to build what it calls the country’s largest offshore wind farm in…
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Biden budget to trim $1T from deficits over next decade
President Joe Biden intends to propose a spending plan for the 2023 budget year that would cut projected deficits by…
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Fed begins inflation fight with key rate hike, more to come
WASHINGTON — The Federal Reserve launched a high-risk effort Wednesday to tame the worst inflation since the early 1980s, raising…
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Rents reach ‘insane’ levels across US with no end in sight
Krystal Guerra’s Miami apartment has a tiny kitchen, cracked tiles, warped cabinets, no dishwasher and hardly any storage space. But…
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Global stocks follow Wall St higher after rebound
Global stocks and Wall Street futures are higher as investors waited for U.S. inflation data for signs of how fast…
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UN labor group says 1.6M jobs lost in Myanmar in 2021
The International Labor Organization says about 1.6 million jobs were lost in Myanmar in 2021, with women suffering the biggest…
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Fitch upgrades Greece’s credit outlook to positive
Credit ratings company Fitch has revised Greece’s outlook to positive from stable, although it kept the country’s rating at BB,…
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