“Households that have more savings and less debt are in a better position to spend on a consistent basis going forward,” said one economist.
Category Archives: business
A $15 minimum wage would spur job losses but lessen poverty, congressional report finds
The CBO found that the raise, supported by Biden, would result in the loss of 1.4 million jobs, but would bring nearly 1 million people out of poverty.
Tesla buys $1.5 billion in bitcoin and plans to start accepting it as payment
Tesla buys $1.
McKinsey allegedly fed the opioid crisis. Now an affiliate may profit from treating addicts.
McKinsey’s wholly owned hedge fund affiliate, MIO Partners, holds indirect stakes in addiction treatment centers and a maker of overdose treatments.
Super Bowl ads went for light humor. Not all succeeded.
Bruce Springsteen, Drake and Timothée Chalamet were among the celebrities featured in commercials.
Fox News Media cancels highly rated 'Lou Dobbs Tonight' over election conspiracies
The host used his show to support former President Donald Trump’s election conspiracies, prompting a $2.7 billion defamation lawsuit.
Latino-owned businesses are seeing record growth. Big banks are still not funding them.
Latino business revenue growth should be a key metric in helping them gain capital, “but they continue to fall short,” says Stanford University research analyst Marlene Orozco.
U.S. economy gains just 49,000 jobs in January as Biden pushes $1.9 trillion relief package
“We’re still in the dark days of winter with respect to the pandemic and the economy,” one economist said.
New online platform 'Nearby' wants to help small businesses compete with Amazon
Since there was no website where locals could “buy things from the shops in your own local hometown, and get them delivered to your doorstep,” one woman founded a company that does just that.
Top financial regulators believe markets 'resilient,' after Yellen meeting
While some bystanders cheered the online antics of the Reddit-fueled stock rally, the episode exposed several exploitable angles in the financial market.