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Consumer Spending Surges, Though Inflation Also Accelerates

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According to new data collected by the Commerce Department, consumer spending in the United States surged for the month of June. The latest report...
Money

Bipartisan Infrastructure Bill Inches Closer To Passing With Breakthrough In Negotiation

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Image It’s been several months since negotiations on a massive infrastructure bill were initially proposed and it’s taken a significant amount of time to resolve...
Money

Weekly Jobless Claims Fall In the U.S. As Economy Grows

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The weekly jobless claims in the United States have fallen by about 24,000 to 400,000 for the week that ended on July 24, according...
Money

U.S. Economy Reaches Pre-Pandemic Levels

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The U.S. economy has officially reached pre-pandemic levels in the second quarter, according to the Commerce Department’s latest report. In the second quarter, the...
Money

U.S. New Home Sales Hit New 14-Month Low

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Overall sales for new homes in the United States have hit a new 14-month low in June, according to new data released by the...
Money

Overall Business Activity in the U.S. Slowed Down in July

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In yet another sign that the economy is still fluctuating because of the COVID-19 pandemic, data firm IHS Markit released a report that revealed...
Money

Weekly Jobless Claims Hit Two-Month High; Overall Trend Stays Low

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According to the Labor Department’s latest report, the number of Americans filing for new unemployment benefits has hit a two-month high last week. Weekly...
Money

Officials in the U.S. Look to Solve Supply Chain Problems

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United States officials are now looking at ways to potentially help relieve the country of the massive supply chain problems that are affecting business...
Money

U.S. Retail Sales Unexpectedly Increase

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In yet another sign that the United States economy is fluctuating and changing after the last year of dealing with the COVID-19 pandemic, retail...
Money

As Virus Surges, Wall Street Drops 1%

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Wall Street’s main indexes fell about 1% at the open on Monday for a variety of reasons — all of which revolve around the...
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