Economy

The S&P 500 is on track for its first losing week in four weeks, and banks are losing steam along with other stocks that soared earlier in the year with expectations for the economy and inflation.

Economic nationalism is the future.

"The results from our research have major implications for the field of plastic sustainability and demonstrate the power of synthetic biology to address real-world challenges," said the study's first author Joanna Sadler.

Intertrust, a publicly traded international trust and corporate management firm based in the Netherlands, surveyed 100 hedge fund managers worldwide and found that some firms plan to allocate as much as 10% or more of their portfolios to cryptocurrencies.

Restrictions, such as capacity limits and social distancing requirements, will be lifted for most settings, except for certain large-scale indoor events hosting 5,000 or more people.

Bitcoin's 10% climb in the last two days raises a basic question: Is this a dead cat bounce or the foundation for a rally? The National Retail Federation (NRF) said it expects retail sales to increase 10.5% to 13.5% this year compared with 2020.

May brought another surge in prices for American consumers—a .6 percent uptick over April and 5 percent over the past year, the biggest inflation spike since 2008.

"As life normalizes and the service sector continues to gain momentum, we expect initial jobless claims to continue to trend lower,″ said one economist.

"Those people...who are coming into the labor force brand fresh—not old-timers who've been around for a while—the poor, the minorities the disenfranchised, those with less education, young people who haven't had the job experience, these people aren't worth $15 an hour in most cases."

The efforts come after the North Korean economy suffered from the COVID-19 pandemic, despite Kim's increasing bid to push the country towards self-reliance.

Employment data from the Bureau of Labor Statistics showed a steadily improving situation.

Although personal income saw a decrease in April, the amount Americans are spending reflects a rebounding economy.

A stable and prosperous Africa well-disposed to the U.S. will deliver long-term security and opportunity for Americans.

Border town economies that rely on Mexican tourism struggle as the U.S. and Mexico extend restrictions on crossing at the border.

On Monday, six members of the House Ways and Means Committee sent a letter urging Biden to include recurring direct payments in his American Families Plan.

In a Monday op-ed, Pence claimed corporations will flock to China, which "stands to gain thousands of jobs as U.S. employers flee the crushing taxes" proposed by Biden.

The clearest sign that we're at the very start of a wage-price spiral is that businesses have lost all fear of raising prices.

Republican governors in 12 states plan to cut off extra unemployment benefits, blaming them for making it harder for businesses to hire.

The current U.S. economic situation is becoming increasingly unsustainable. Annual deficits and the national debt can't keep rising endlessly as Modern Monetary Policy theorists suggest. Asset bubbles always burst.

Gas stations across the Southeast are hiking prices, while drivers are rushing to fuel pumps in an attempt to fill up before the gas is gone.

Montana, South Carolina and Arkansas are stopping the extra $300 unemployment payment benefits as the economy rebounds. Several states have begun requiring those receiving unemployment benefits to show they are actively searching for work.

Speaking before a European Parliament committee, EU Economy Commissioner Paolo Gentiloni said that when all efforts are counted together, the EU's COVID response stacks up to the $1.9 trillion relief package passed under President Joe Biden.

Fewer than half of Americans say they are even somewhat concerned they or a family member could be infected with the virus, the new poll shows.

Unemployment benefits during the COVID pandemic face scrutiny after job numbers for April grew by only 266,000.

Surging demand for the cryptocurrency drove Square's first quarter profit to 41 cents a share, exceeding Wall Street's consensus estimate of 16 cents by about 156%

President Joe Biden fought back against critics who have argued that higher unemployment benefits prompted the disappointing jobs report released Friday.

Advocates of recurring payments argue it would shorten the recovery time and help Americans keep their heads above water during recessions.

The U.S. has had a shortage of drivers for more than 15 years, according to the American Trucking Associations.

The Louisiana resolution, lauds Bitcoin "for its success in becoming the first decentralized trillion dollar asset," and notes that it "could potentially replace gold as a monetary reserve."

The combination of stimulus checks, widespread vaccinations and the reopening of businesses has meant rapid growth in the economy, and experts predict the fastest annual growth in decades.