Ty Stehlik, who works the front desk at a hotel in Milwaukee, pleaded for a raise all through the pandemic — and finally got an extra $1 an hour in the fall to make $15. But higher prices for rent and
Americans used to seeing their retirement accounts and other investments zoom ever higher suffered a reckoning this week, as markets endured their worst week since the start of the coronavirus pandemi
1 of 10 | FILE - Housing activists march across town toward New York Gov. Kathy Hochul’s office, calling for an extension of pandemic-era eviction protections, Tuesday, Aug. 31, 2021, in New York. Pri
Economics Economics Indicators Central Banks Jobs Trade Tax & Spend Inflation & Prices Economics Argentina Economy Grew in July Despite Recession on Horizon Checkout Cost-of-Living Stress Fuels Crime
Welcome to BIG, a newsletter about the politics of monopoly. If you’d like to sign up, you can do so here . Or just read on… Today I am writing about how big business is benefitting from and helping t
WASHINGTON — Inflation jumped in December at its fastest year-over-year pace in nearly four decades, surging 7% and raising costs for consumers, offsetting recent wage gains and heightening pressure o
W hen a staid American institution is declared dead, the news media like to haul the same usual suspect before the court of public opinion: the Millennial generation. The 80 million–plus people born i
For months, the GOP-Fox News axis forecast the bluest of Christmases. House Republican leader Kevin McCarthy joined 159 House Republicans in a letter to President Biden saying his policies “will certa
You’re Going to Work a Long Time. Here’s How to Build in Breaks. Living longer can mean having a longer career, whether by choice or necessity. Stopping and starting isn’t easy, but it might be worth
Friday’s inflation numbers — a 6.8 percent increase compared with just a year ago, the highest level in 39 years — are scary enough. Scratch just a bit below the surface, and you’ll see the worst has
The “Great Resignation” remains one of the buzziest economic stories of 2021. But the more people talk about it, the more I wonder whether most people know what they’re talking about. As so often happ
China Evergrande Defaults on Its Debt. Now What? A ratings agency’s declaration confirmed what investors had already suspected, but they now must wait on a restructuring plan overseen by the firm hand
Economics Economics Indicators Central Banks Jobs Trade Tax & Spend Inflation & Prices Economics Argentina Economy Grew in July Despite Recession on Horizon Checkout Cost-of-Living Stress Fuels Crime
Producers plan to tap 7 million more maple trees to meet syrup demand. Robert F. Bukaty/AP While high gas prices have pushed President Biden to tap into the US's strategic oil reserves, America's neig
Companies in North America added a record number of robots in the first nine months of this year as they rushed to speed up assembly lines and struggled to add human workers. Factories and other indus
The El Dorado dairy farm in Ontario, Calif. Credit... Adam Perez for The New York Times Crunch at Ports May Mean Crisis for American Farms Backlogs and cancellations are hitting growers as costs rise,
This article is the subject of a legal complaint from Cignpost Diagnostics (November 14, 2021) A large Covid-19 testing provider is being investigated by the UK’s data privacy watchdog over its plans
A deepening freight logjam is defying President Biden’s hopes of restoring normal cargo movements, hampering the economic recovery and threatening consumers’ holiday shopping plans. Two weeks after Bi
Supermarkets are using cardboard cutouts of fruit, vegetables and other groceries to fill gaps on shelves because supply problems combined with a shift towards smaller product ranges mean many stores
I first noticed that something weird was happening this past spring. In April, the number of workers who quit their job in a single month broke an all-time U.S. record. Economists called it the “Great
Published 18 October 2021 Share page About sharing Image source, Getty Images By Daniel Kraemer BBC News Around the the world, people and businesses are facing shortages of everything from coffee to c
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Published 18 October 2021 Share page About sharing Image source, Getty Images By Katie Silver Business reporter China's economy grew 4.9% in the July to September quarter from a year earlier, the slow
A price shock on the global natural gas markets brings down several small energy providers, leaving customers without heating and facing rising fuel prices. A fire knocks out the huge cable sending el
1. This week's news, or “news,” about the US Treasury’s ability, or willingness, or just trial-balloon troll-suggestion to mint a one trillion dollar ($1,000,000,000,000) platinum coin in order to ext
A growing number of Chinese property developers are saying they can’t pay their debts, raising concerns of financial contagion as troubled property developer Evergrande Group missed another interest p
There Is Shadow Inflation Taking Place All Around Us Some companies haven’t been raising prices. Instead, they’ve been cutting back customer services and conveniences, but how should that be measured?
Guest Essay This Is How America’s Richest Families Stay That Way Sept. 24, 2021 Credit... By Erik Carter By Mr. Kaiser-Schatzlein, a journalist, has written extensively about work, business and econom
Book buyers, beware: New books will be in short supply for the rest of 2021. Publishers are warning sellers and consumers that supply chain issues have forced a major slowdown in book production and t
I am sure there are a million reasons this isn’t true in the absolute, but I have had the thought multiple times recently that Amazon is pure Capitalism. Or pure market. Essentially, they’re the clean
Published 3 September 2021 Share page About sharing Image source, Getty Images By Daniel Thomas Business reporter, New York The US economy added fewer jobs than expected in August as employment rose b
Here’s how the price of gasoline changed each month throughout 2019, compared with the previous year. ↑ Red means the price went higher, while ↓ blue means it fell. The coronavirus gripped the United
New York CNN Business — Going out to eat might feel a little different these days. Maybe you’re waiting longer for a table, even though the restaurant doesn’t appear full. Or maybe your service is slo
Burned by Hot Housing Market, Some Buyers Back Off Tired of sky high prices and losing out in bidding wars, some buyers are giving up and putting their house hunt on hold. Rob Ettaro and Kaliana Veros
Economics Economics Indicators Central Banks Jobs Trade Tax & Spend Inflation & Prices Economics Bernanke Review at BOE to Probe Use of Market Rates in Forecasts Economics Fed’s Goolsbee Says Soft Lan
Fed Ponders Inflation ‘Night and Day,’ Fed Chair Tells Lawmakers Jerome H. Powell told senators that price gains should fade, but he made it clear that the Fed is watching them carefully. transcript 0
A butcher stocks a display case with packages of steaks at a Costco store on May 24, 2021 in Novato, California. Justin Sullivan | Getty Images Don't tell Costco executives that inflation is low. The
May 22nd 2021 A S RICH COUNTRIES loosen lockdowns, an economic puzzle is emerging. Businesses are voicing ever-louder concerns about labour shortages, even as millions of people remain out of work. In
Economics Economics Indicators Central Banks Jobs Trade Tax & Spend Inflation & Prices Economics Argentina Economy Grew in July Despite Recession on Horizon Checkout Cost-of-Living Stress Fuels Crime