U.S. Economy
Questions To Ask When Buying A House
Acquiring your own home involves making a series of tough decisions. Experts reveal the most important questions to ask when buying a house.
Joe Biden's First-Time Homebuyer Credit: Where We're At
During his presidential campaign, Biden proposed a tax credit of up to $15,000 to help American families buy their first homes.
'Whales' Drive Bitcoin Higher; Retail Sales Surge, Wages Rise
Bitcoin rose Monday as major investors expanded their holdings at good prices. Workers benefit as lockdown restrictions ease, retail sales surge.
U.K. Bitcoin Regulation False Alarm; Economy on Pace for 6.7% Growth
Many news reports said Monday that the FCA had banned Binance Holdings, the world's largest cryptocurrency exchange when, in fact, the regulator had simply reminded the company about dealing in derivatives. S&P Global expects the economy to grow at 6.7% this year and 3.7% in 2022, up from the initial estimate of 6.5% and 3.1%.
America's Bubble Economy: Signs of Overheating?
The pandemic response has pumped more than $6 trillion into the U.S. economy with more dollars and massive deficit spending on the way. Inflation worries are rising.
Rising Prices Could Help Republicans Retake Majority in Congress in 2022
Congress Republicans may use increasing prices in the U.S. to flip House and Senate seats in the 2022 midterm elections, despite economists saying the inflation is a temporary consequence of the pandemic rather than a consequence of increased Democratic spending.
860 Community Development Institutions Getting $1.25B to Boost Economy
"Traditional banks have not always seen or understood the vision of women, small business owners, small business owners of color, small business owners who serve low-income communities," Vice President Kamala Harris said.
Bitcoin Claws Its Way Back Up; Retail Sales on the Rise
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.
Bitcoin Finds Portfolio Niche; Crude Oil Reaches Pre-Pandemic Price
"It's not about avoidance but rather portfolio construction based on an individual's investment goals or situation," Bill Herrmann, Co-Founder and Managing Partner at Wilshire Phoenix in New York told Newsweek.
U.S. Job Postings at Their Highest Level Since 2000, Government Data Shows
The unemployment rate fell to 5.8 percent from 6.1 percent in May.
Border Towns Suffer as Mexico Extends Restrictions on Travel to U.S.
Border town economies that rely on Mexican tourism struggle as the U.S. and Mexico extend restrictions on crossing at the border.
Yes, Inflation Is Really Back
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.
U.S. Demand for New Cars Nearly Outpacing Supply With Just 1.9M Available
A global shortage of computer chips has forced automakers to cut down on production, resulting in fewer new vehicles at dealerships. With fewer new vehicles, there is increased demand.
Weak Job Numbers Result of 'Paying People Not to Work': Chamber of Commerce
"One step policymakers should take now is ending the $300 weekly supplemental unemployment benefit," the chamber's executive vice president said.
The GOP Needs A Pro-Growth Message and Pro-Growth Messengers
Growth matters. The Republicans who followed Reagan into the White House either didn't get it or couldn't explain it.
Permanent Remote Work Poses Uncertain Post-COVID Recovery for New York City
A year after COVID-19 forced the companies to shift to remote operations, a survey shows the majority of New York City's 1.6 million commuters is still homebound.
This Fast Food Giant Bragged About Killing $15 Minimum Wage
In internal company documents, a private-equity owned conglomerate claimed credit to its employees about successfully blocking a boost in pay for low-wage workers.
Yellen Warns on Cutting Stimulus as Dems Plan Vast Infrastructure Package
President Joe Biden met with union bosses in the Oval Office on Wednesday where he discussed details of both the COVID-relief bill and a second possible spending package.
Will the U.S. Dollar Lose Its Place as the World's No. 1 Reserve Currency?
Some fear stimulus spending to offset the worst of the economic shutdown during the COVID-19 pandemic and the Federal Reserve's injection of billions into the economy threaten the U.S. dollar's standing as the world's reserve currency.
CBO Sees Rapid Economic Growth—What Does That Mean for Biden's Stimulus?
"This support from the federal government must be large and sustained until the pandemic is under control and Americans can resume normal work," a former chairman of the Council of Economic Advisers said.
Biden Critics Claim President 'Lied' about $2,000 Stimulus Checks
Some using the #BidenLied hashtag insisted Biden had promised $2,000 payments, not $1,400 plus $600.
Progressives Renew Push for $2K Monthly Checks but Economists Are Skeptical
"I don't necessarily know that providing $2,000 on a monthly basis would necessarily be the right approach at this stage," the chief U.S. economist at Oxford Economics told Newsweek.
Biden Increases COVID Vaccine Goal for First 100 Days After GOP Criticism
President Joe Biden has upped his goal for COVID-19 vaccinations in the United States—from 100 million in his first 100 days in office to about 150 million. This comes after some argued that his 100 million-doses goal was already on track to be met by the Trump administration.
16 Million Americans Are Receiving Unemployment Aid as Biden Takes Office
Around 900,000 workers filed for initial jobless claims last week, the U.S. Department of Labor said.
Man Donates Two Stimulus Checks to Food Bank, Says 'I Don't Need It'
Shannon Harshbarger decided to give the money to the Facing Hunger Foodbank in Huntington, as experts warn of widespread hunger caused by the coronavirus pandemic.
McConnell Made $3,300 This Week While Blocking $2,000 Stimulus Check
It took Congress less than a month to pass legislation giving a $700 billion bailout to bank executives during the financial crisis. Lawmakers have spent eight months mulling the far less expensive stimulus bill.
Here's Who Doesn't Qualify for the Second Stimulus Checks
Individuals with $87,000 in annual income and married couples making $174,000 are among those who will not be eligible.
When Will Americans Receive Their Second Stimulus Check?
Treasury Secretary Steven Mnuchin said checks could arrive as early as next week.
Stimulus Talks 'Very Close, Very Close' Chuck Schumer Says
Democrat and Republican negotiators are said to be closing in on a new package, but there remains some uncertainty over the eligibility for direct payments.
Second Stimulus Deal Will Spark Scramble For Businesses to Survive
"The first wave was like a shotgun start and then a brick wall finish because the money ran out," O'Malley said of the first round of stimulus. "When a smaller amount gets made available this time, it's going to be another shotgun start."