The United States and European Union agreed to temporarily suspend tariffs levied on billions of dollars of each others’ aircraft, wine, food and other products as both sides try to find a negotiated settlement to a long-running dispute over the two leading airplane manufacturers. President Biden and Ursula von der Leyen, the president of the […]
Tag Archives: USA
It is generally considered bad journalistic practice to start an article this way, but it must be said: The new jobs numbers that the Labor Department released Friday morning don’t matter. These numbers can sometimes be unimportant in the sense that any one economic report offers only a partial view of what is going on, […]
The Labor Department is scheduled to release its monthly gauge of the American labor market on Friday morning. Economists surveyed by Bloomberg expect only small improvements, estimating a gain of 182,000 jobs and no change in the unemployment rate at 6.3 percent. Roughly 10 million fewer jobs exist today than a year ago, and the […]
On the South Shore of Long Island, there’s about a month’s supply of available homes, or even less, in some areas, agents say. “We would normally have five to six months’ worth at any one time,” said Seth Pitlake, an agent at Douglas Elliman in Merrick. “It’s not that inventory is not increasing,” he said, […]
WASHINGTON — The Biden administration unveiled a plan on Thursday to invest $9 billion in minority communities, taking an initial step in fulfilling its promise to ensure that those who have been hit hardest by the pandemic have access to loans as the economy recovers. The Treasury Department said it was opening the application process […]
Jerome H. Powell, the chair of the Federal Reserve, said he and his colleagues have a “high standard” for what full employment means, underscoring that the central bank is likely to be patient in removing its support for the economy. Mr. Powell pointed out that the virus has pushed many people out of the job […]
Longer-term interest rates have jumped in recent weeks, a move that has been broadly interpreted as a sign that investors are betting higher growth and slightly faster inflation may be right around the corner. Federal Reserve officials have mostly brushed off the increase to date, saying it is a signal of economic optimism. But many […]
Longer-term interest rates have jumped in recent weeks, a move that has been broadly interpreted as a sign that investors are betting higher growth and slightly faster inflation may be right around the corner. Federal Reserve officials have mostly brushed off the increase to date, saying it is a signal of economic optimism. But many […]
A year and a pandemic ago, over 100,000 people filled the central business district in Charlotte, N.C., pouring out of offices, including several recently built skyscrapers, and into restaurants, bars and sports venues. Then as the coronavirus sent employees to their homes, much of the city center quickly went quiet and dark. The return of […]
WASHINGTON — The Senate confirmed two key members of President Biden’s economic team on Tuesday, ushering in Gina Raimondo, the governor of Rhode Island and a former venture capitalist, as the next secretary of commerce, and Cecilia Rouse, a Princeton University economist, as chair of the White House Council of Economic Advisers. Dr. Rouse will […]