Economy
- Finance
Goldman Sachs forecasts a jobs boom, says unemployment rate could fall to 4.1% by the end of 2021
Unemployment could fall this year to close to where it was prior to the Covid-19 pandemic, according to a Goldman…
Read More » - Finance
Investors haven’t fully grasped inflation is ‘dead ahead,’ economist Mark Zandi warns
Investors may want to hold on even tighter. Moody’s Analytics Mark Zandi believes Wall Street is significantly underestimating the seriousness…
Read More » - Health
The Civilian Climate Corps Is a Big-Government Plan That All Americans Can Embrace
It was a rare case of Presidential understatement in the unveiling of a program: the Secretary of Agriculture and the…
Read More » - Finance
Despite rising inflation, experts say the Fed won’t budge on rates
A man wearing a face mask walks past the U.S. Federal Reserve in Washington, D.C., the United States, on Dec.…
Read More » - Finance
Here’s where the jobs are — in one chart
The number of jobs added to U.S. payrolls in February blew past expectations thanks to a sharp rebound in restaurant…
Read More » - Finance
Job growth surges in February on hiring jump in restaurants and bars
Hiring surged in February as the U.S. economic activity picked up amid a progressive drop in Covid-19 cases and vaccines…
Read More » - Finance
Employers likely added more jobs in February, but economists say there’s no bounce back yet
A worker wearing a protective mask boxes a pizza inside a Costco store in San Francisco, California, on Wednesday, March…
Read More » - Market
Exxon CEO Darren Woods promises investors a strong dividend despite 2020 losses
Exxon CEO Darren Woods told CNBC on Thursday the oil giant is committed to its dividend even though the company…
Read More » - Finance
Weekly jobless claims rise less than expected despite weather impact
Weekly jobless claims edged higher last week but rose less than expected for an economy struggling to shake off impacts…
Read More » - Banking
Fed’s Beige Book shows businesses optimistic on vaccine take-up
The U.S. economy expanded modestly in the first two months of the year and sentiment among business owners is picking…
Read More » - Banking
The national debt is big and getting bigger. Does it matter?
WASHINGTON — The United States’ national debt is nestled in a brick-laden underpass just a block away from Times Square.…
Read More » - Finance
Private payrolls growth well short of expectations for February, ADP says
Private payroll growth disappointed in February despite otherwise encouraging signs of economic growth, according to a report Wednesday from ADP.…
Read More » - Finance
Economists see first signs in data that vaccine is working
Economists following the high-frequency data on virus infections are seeing initial signs that the vaccine is having positive effects on…
Read More » - Finance
10% GDP growth? The U.S. economy is on fire, and is about to get stoked even more
Restaurant workers wearing faceshields, facemasks and gloves prepare food at the reopening of iconic LA restaurant Pink’s Hot Dogs on…
Read More » - Finance
Fed policy changes could be coming in response to bond market turmoil, economists say
Joggers pass the Marriner S. Eccles Federal Reserve building in Washington, D.C., on Tuesday, Aug. 18, 2020. Erin Scott |…
Read More » - Market
Cheaper US stocks catching up expensive peers on Wall Street, thanks to rising bond yields
US bond yields rose to as high as 1.61% last week — highest in the last 365 days, as inflation…
Read More » - Market
Buffett is buying back more Berkshire stock this year after record $25 billion repurchase in 2020
Warren Buffett during an interview with CNBC’s Becky Quick on February 24, 2020. It turned out to be another year…
Read More » - Market
U.S. trade deficit widens slightly in January, second highest on record
The numbers: The U.S. trade deficit in goods widened to $83.7 billion in January from a revised $83.2 billion in…
Read More » - Finance
Personal income leaps 10% in January thanks to stimulus, but inflation still in check
A fresh round of government stimulus checks sent personal income up to its biggest monthly gain since April 2020 though…
Read More » - Market
Cramer warns the GameStop surge has everybody unrealistically looking for stocks about to triple
CNBC’s Jim Cramer on Thursday questioned “are prices real” on Wall Street anymore, as he exasperatingly tried to explain GameStop‘s…
Read More » - Market
Tyagi highlights risks owing to disconnect between markets & economy
In the new normal, corporations allowed their employees to work from home, and meetings, including AGMs and virtual meetings, shifted…
Read More » - Finance
Here’s why jobless claims are the wrong way to understand unemployment in the U.S.
The number of individuals filing first-time claims for state unemployment benefits fell sharply last week, with a total of 730,000…
Read More » - Finance
Carlyle’s Rubenstein says biggest economic risk is high unemployment, not stock market speculation
David M. Rubenstein, Co-Founder & Co-Executive Chairman, The Carlyle Group. David A. Grogan | CNBC Carlyle Group co-founder David Rubenstein told CNBC…
Read More » - Market
Workhorse Group drops nearly 50% after EV company is passed over for USPS contract
Workhorse W-15 Electric Pickup Truck. Source: Workhorse Shares of Workhorse Group dropped more than 50% at one point on Tuesday…
Read More » - Finance
Powell says inflation is still ‘soft’ and the Fed is committed to current policy stance
US Federal Reserve Bank Chairman Jerome Powell speaks at a press conference in Washington, DC, on December 11, 2019. Eric…
Read More » - Market
Chevron and BP back renewable start-up focused on geothermal energy
Evor-Lite site. Source: Eavor Technologies Canada-based geothermal company Eavor Technologies on Tuesday announced a $40 million funding round that included…
Read More » - Market
The Texas winter storm may drive up gasoline prices across the country
The Texas winter storm is expected to push gasoline prices up across the U.S. by about 10 cents per gallon…
Read More » - Market
The Economic Experiments Have Begun
Photo by: STRF/STAR MAX/IPx 2021 1/8/21 STRF/STAR MAX/IPx Having now practiced macro investing and asset allocation professionally for over 35…
Read More » - Market
Yellen sounds warning about ‘extremely inefficient’ bitcoin
Janet Yellen, U.S. President-elect Joe Biden’s nominee to be treasury secretary, speaks as Biden announces nominees and appointees to serve…
Read More » - Market
Texas outages hit water supplies as thousands struggle without power for a fourth day
Propane tanks are placed in a line as people wait for the power to turn on to fill their tanks…
Read More » - Finance
Fed Chair Powell says rates will stay low for a while, citing bleak jobs picture
Federal Reserve Chairman Jerome Powell on Wednesday painted a dour picture on the state of U.S. employment, saying continued aggressive…
Read More » - Finance
Biden gets 62% approval in CNBC economic survey, topping first ratings of the last four presidents
President Joe Biden is on the best presidential honeymoon going back at least to Bill Clinton in 1993. A special…
Read More » - Finance
Deficit projected at $2.3 trillion for 2021, not counting additional stimulus, CBO says
The federal budget deficit is projected to total $2.3 trillion in the 2021 fiscal year, a drop from last year…
Read More » - Finance
Fed’s Harker says inflation won’t be posing a threat anytime soon
Philadelphia Federal Reserve President Patrick Harker said Thursday that the central bank won’t have to worry about inflation getting in…
Read More » - Finance
Fed’s Bullard doesn’t see asset bubble and doubts policy will tighten soon
St. Louis Federal Reserve president James Bullard said Tuesday that he doesn’t see a bubble in asset prices and doubts…
Read More » - Finance
Retail sales expected to be strong in January, helped by stimulus checks
A woman carries Nike shopping bags at the Citadel Outlet mall, as the global outbreak of the coronavirus disease (COVID-19)…
Read More » - Finance
‘This is not inflation’: Economist says expectations are unanchored from reality
Traders on the floor of the New York Stock Exchange Source: The New York Stock Exchange Inflation expectations are detaching…
Read More » - Finance
Retail sales burst higher in January as consumers use stimulus checks to spend heavily
Consumers flocked to spend their stimulus checks in January, sending retail sales for the month up 5.3% in a blockbuster…
Read More » - Finance
Household debt rises to $14.6 trillion due to record-breaking rise in mortgage loans
People count money at Macy’s Herald Square store in New York. Andrew Kelly | Reuters Total consumer debt rose to…
Read More » - Finance
Jobless claims show unexpected move higher
First-time filings for unemployment insurance jumped last week in a sign of continuing strife for the labor market. New claims…
Read More » - Finance
Treasury Secretary Janet Yellen makes push for major stimulus, sees bigger risk in not doing enough
Treasury Secretary Janet Yellen on Thursday said a large stimulus package is still necessary to get the economy back to…
Read More »
/https:/specials-images.forbesimg.com/imageserve/6034444b4de96807ed9162ec/0x0.jpg)
