The brutal GDP report released on July 28, showing the economy had contracted for a second…
Tag: economy
Inflation, explained: Why prices keep going up and who’s to blame
Let’s start with the simplest version: Inflation happens when prices broadly go up. That “broadly” is…
Texas Dems uniformly vote for Biden’s cornerstone climate and health care legislation
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The Rhine is shrinking, endangering Europe’s top economy
Water in the river has dropped to “exceptionally low” levels in some areas, disrupting shipping on…
Energy bills: UK recession looms as households feel pain
Official data published on Friday showed that the country’s GDP dropped by 0.1% in the second…
Jobless claims rise to new 8-month high
The number of Americans who signed up for unemployment benefits rose last week to the highest…
Price hikes took a breather in July, fueling hopes that inflation has peaked
“I think inflation probably has peaked in year-over-year terms,” said Bill Adams, chief economist at Comerica…
Good inflation news: Online shopping prices are suddenly falling fast
E-commerce prices began rising in June 2020, beginning an unprecedented stretch of 25 consecutive months of…
China posts record $101 billion trade surplus but export boom could fade
Exports measured in US dollars jumped 18% in July from a year ago, marking the fastest…
Senate passes Democrats’ sweeping climate, health and tax bill, delivering win for Biden
Washington — The Senate on Sunday passed Democrats’ sweeping economic package designed to combat climate change,…
