All Economy
Climate bill offers boost to EVs. Why short-term sales may slump.President Joe Biden signs the Inflation Reduction Act today. What that means for sales of electric vehicles.
First LookFinally, U.S. inflation slows, but will the reprieve last?Inflation is beginning to wane, offering Americans some relief. However, while things look set to improve, the U.S. economy is still grappling with the impacts of the surge in prices.
FocusWelcome to the office, Gen Z. You’re the only one here.While Gen Z may have had the technical know-how to kick off careers remotely during the pandemic, it values connection and prioritizes work-life balance.
All aboard: Why rail travel is making a comebackWith airports tangled and gas prices sky-high, train travel is proving a comfortable, affordable, and even joyous bright spot for summer vacationers.
First LookDOJ defends minority homebuyers in Philadelphia from discriminationThe Department of Justice says that a Warren Buffett-owned company avoided offering mortgages in certain areas, blocking African Americans and other minorities from obtaining housing. Now, following a legal settlement, the company will have to make it right.
First LookTrader Joe's latest to join unionizing wave sweeping across USA Trader Joe’s in Massachusetts has become the latest to join newly unionized businesses across the country, following successful unionization attempts at some Amazon and Apple locations. The 2022 fiscal year has seen a 58% increase in union petitions.
Why two dips in GDP may not mean a recession – yetIs the United States in a recession? The economy is in a weird in-between space. For many people, it feels like the answer is yes.
The 1970s and now: Inflation, an unbalanced economy, and tough choicesIn the current inflation spike, a smooth balance of supply and demand is hard to find. One silver lining: A Fed that knows lessons from the 1970s.
Inflation surges. These ‘FIRE’ adherents are escaping the flames.With inflation at a new 40-year high, consumer worry is rising. Does the “Financial Independence, Retire Early” movement show paths toward security?
First LookUS labor shortage provides opportunity for formerly incarceratedJob stability can be difficult for returning citizens after a prison sentence. But reentry programs are finding new receptivity among employers to hire formerly incarcerated workers. There are currently 11.3 million jobs open in the U.S.
Latino workers feel inflation’s force, seek paths of resilienceHispanic Americans are being hit especially hard by surging inflation. They also are fighting back, drawing on a culture of cooperation and optimism.
First LookThese companies pledge to cover abortion travel. But can they?Amazon, Disney, Apple, and J.P. Morgan pledged to cover travel costs for employees seeking abortions who live in states where abortion is now illegal. But many companies are scrambling to figure out just how they would plan to do this while also protecting employees.
First LookNo rest for crypto: EU wants to ensure transparency, stabilityOn Wednesday, the EU agreed on new rules that would subject cryptocurrency transfers to the same money-laundering protocols as traditional banking transfers to preserve financial stability. The new measures could later serve as an example for other countries.
First LookApple workers in Baltimore voted to unionize. What comes next?Apple store employees in a Baltimore suburb have made history as the first employees of the tech giant to unionize. But the road to better workspace protections may be tougher for the employees than it is for Apple, experts say.
‘Really out of control.’ America digs in for inflation fight.Too many people chasing too few goods. That’s the price-hike world that Americans are struggling to cope with – and a key question is: for how long?
First LookTightrope walk: Fed hikes interest rates, but risks recessionFriday’s inflation report leaves the Federal Reserve promising to do whatever it takes to curb inflation. Wednesday’s rate hike – three-quarters of a point – is the steepest since 1994, increasing the likelihood of recession, say analysts.
Gas price spike: Who’s to blame and how can we fix it?As surging gas prices raise questions of blame, the issue of responsibility is arising in another sense too: how to better shape our energy future.
First LookA bear market is back. What does it all mean?Losses pushed the S&P 500 down into a bear market this week, as economic concerns – fed by rising interest rates, war in Ukraine, and China’s slowdown – led investors to pull back from a range of stocks.
For Ukrainian economy, westward tilt has grown since 2005 revolutionThe backdrop for Vladimir Putin’s invasion of Ukraine is partly economic: A people long tethered to Russia increasingly look toward the European Union.
First LookHoney, who shrunk the toilet paper?As COVID-19 restrictions continue to lift, manufactures around the globe are still feeling the pinch. Rising production costs have forced companies to look for new ways to maintain profits, and it’s costing consumers more for less product.
