Economy

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U.S. Manufacturing Growth Slowed in June
The Institute for Supply Management's PMI ticked down from 61.2 in May to 60.6 in June.
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President Joe Biden speaks with Sen. Rob Portman, R-Ohio, and other bipartisan group of senators, Thursday June 24, 2021, outside the White House in Washington.
Bipartisan Infrastructure Deal Back On Track After Walk-Back
Republicans indicated they were satisfied with Biden's comments that he was dropping the both-or-nothing approach.
Jun 28th, 2021
President Joe Biden, with a bipartisan group of senators, speaks Thursday June 24, 2021, outside the White House in Washington. Biden invited members of the group of 21 Republican and Democratic senators to discuss the infrastructure plan. From left are, Sen. Jeanne Shaheen, D-N.H., Sen. Rob Portman, R-Ohio, Sen. Bill Cassidy, R-La., Sen. Lisa Murkowski, R-Alaska, Biden, Sen, Joe Manchin, D-W.Va., rear, Sen. Kyrsten Sinema, D-Ariz, Sen. Mark Warner, D-Va., and Sen. Mitt Romney, R-Utah.
Biden, Bipartisan Group Reach Deal on Nearly $1T Infrastructure Plan
The bill is a scaled-back — but still significant — piece of the Biden administration's broader proposals.
Jun 24th, 2021
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Workers repair a park near the Capitol in Washington, Wednesday, July 21, 2021. About 8 in 10 Americans favor plans to increase funding for roads, bridges and ports and for pipes that supply drinking water.
AP-NORC poll: Parties Split on Some Infrastructure Proposals
Jul 22nd, 2021
Lumber is piled at a housing construction site, Thursday, June 24, 2021, in Middleton, Mass. Home construction in the U.S. rose a strong 6.3% in June, another big swing in what has been an up-and-down year so far.
U.S. Home Construction Jumps 6.3% in June
Jul 20th, 2021
In this Dec. 18, 2020, file photo, a person passes the office of the California Employment Development Department in Sacramento, Calif. The recession that broke out with onset of the coronavirus pandemic officially ended in April 2021, making it the shortest downturn on record, according to the committee of economists that determines when recessions begin and end.
Economists: Pandemic Recession Ended in April 2020
Jul 19th, 2021
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Knowing Your Financing Options
Jul 16th, 2021
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In this May 4, 2021, file photo is the Federal Reserve in Washington. The Federal Reserve's latest nationwide business survey found that the economy strengthened further in late May and early June, despite supply-chain bottlenecks that led to price hikes. The Fed said Wednesday, July 14, 2021 that seven of its 12 regional bank districts reported strong price increases, with the other five reporting moderate gains in prices.
Fed Survey: US Economy Strong but Hindered by Bottlenecks
Businesses are struggling to find enough components and employees to meet the demand.
Jul 14th, 2021
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Manufacturing Technology Orders Grow at Explosive Pace
In only three other years since 1998 have orders surpassed $2 billion by May.
Jul 14th, 2021
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Wholesale Inflation Up 1% in June
Price gains are up a record 7.3% in the past 12 months.
Jul 14th, 2021
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Lawsuit Accuses Amazon of Price-Gouging Throughout Pandemic
A law firm claims Amazon engaged in "unconscionable" price increases, inflating prices for essential goods by upwards of 1,800%.
Jul 5th, 2021
A shopper enters a retail store as a hiring sign shows in Buffalo Grove, IL on June 24.
US Adds Encouraging 850K Jobs in Continued Economic Recovery
Friday’s Labor Department report was the latest evidence that the reopening of the economy is propelling a powerful rebound from the pandemic recession.
Jul 2nd, 2021
A construction crew work on a new segment of the I-395 interstate highway on May 6 in Miami.
May US Construction Spending Down 0.3% as Housing Slows
It followed a slight 0.1% rise in April and left overall construction spending up 7.5% from a year ago.
Jul 1st, 2021
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Inflation Concerns Should Focus on Paystubs, Not Just Commodity Prices
When wages go up, they tend to stay there, unlike the up-and-down vagaries of commodities.
Jul 1st, 2021
Workers perform welding on transport tanks at a factory in Nantong in eastern China's Jiangsu province Thursday, June 24, 2021.
China's Manufacturing Softens in June Amid Export Weakness
Export demand is uneven as governments fight outbreaks of the new coronavirus variant.
Jun 30th, 2021
Prices are displayed above the different grades of gasoline available to motorists on May 27 near Cheyenne, Wyo.
Gas Prices Figure to Remain High Throughout Summer
The national average is now almost 5 cents higher than a month ago and 92 cents higher than this time last year.
Jun 28th, 2021
From left, Sen. Jon Tester, D-Mont., Sen. Lisa Murkowski, R-Alaska, Sen. Mark Warner, D-Va., Sen. Susan Collins, R-Maine, and Sen, Joe Manchin, D-W.Va., speak to the media after remarks by President Joe Biden on Thursday June 24, at the White House in Washington.
A Snapshot of the Bipartisan Infrastructure Deal
Here’s a look at where the $973 billion would go and what changes lawmakers would make to pay for the new spending.
Jun 25th, 2021
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Infrastructure Spending Plans Bode Well for Manufacturers
Repairs to roads, bridges and other infrastructure are giving companies that make machinery and materials a solid foundation for growth.
Jun 24th, 2021
In this April 23 photo, a U.S. Air Force KC-46A Pegasus jet takes off in view of a line of Boeing 777X jets parked nose to tail on an unused runway at Paine Field, near Boeing's massive production facility in Everett, Wash.
May U.S. Durable Goods Orders Up 2.3%
It was a strong bounce-back from a 0.8% drop the previous month.
Jun 24th, 2021