All Economy
Gen Z writes its own rules for financial securityGen Z is rewriting economic rules for financial security, making social justice a priority. Its strategies range from investing to policy ideas.
FocusGeneration left behind? Millennials work to shed that financial label.For millennials, financial hardships have been many. Yet they are finding progress and hope, even if the gains are uneven.
The ExplainerTaking on Big Tech: What the Federal Trade Commission can doIs it possible to rein in the vast marketplace clout of Big Tech firms with antitrust rules? Lina Khan at the Federal Trade Commission is a believer.
First LookWorkers prefer their homes. Can businesses entice them back?After a year and a half of remote work, employees remain reluctant to return to workplace commutes. While some businesses are implementing a hybrid system, the trend has raised concerns about equity as remote working favors the privileged.
First LookWhere is my patio table? Supply delays leave consumers waiting.Demand for patio furniture is booming, but orders may not arrive until well after the summer. A shortage of workers, truckers, and raw materials are affecting not just the outdoor furniture market but the U.S. economy at large.聽
Going cashless? Not everyone has an app for that.As more and more businesses go cashless, many Americans don鈥檛 have a bank account or the conveniences that come with it.
First LookHelp wanted: Businesses turn to teens amid scramble to fill jobsAs businesses rebound from the pandemic, many older Americans have been slow to respond to the flurry of job openings, leading to unusually high employment rate among teenagers. But how long will this trend last?
First LookFewer working-age people could slow economy but lift wagesThe number of working-age people in the U.S. shrank in 2020 鈥� a first. Unless that changes, the economy could suffer but workers may find opportunity.
First LookTax havens no more? 130 nations agree to 15% global minimum tax.In what has been lauded as 鈥渢he most important international tax agreement in a century,鈥� 130 countries have agreed to a global minimum tax of at least 15% for multinational firms, in an effort to prevent them from dodging taxes.
First LookPay day! Upstate NY tests monthly $500 payments.Select residents of Ulster County, New York, who earn less than $46,900 per year, have started receiving monthly $500 payments as part of a pilot program testing the efficacy of universal basic income (UBI).聽聽
First LookWhy used cars are suddenly costing more than when they were newWith the production of new cars in the U.S. slowed by a chip shortage and factory closures, the price of used cars has skyrocketed. The timeline for how long this price reset will last is unclear and depends on when the inventory for new cars rebounds.聽
How your cloud data ended up in one Virginia countyFormer farmlands near the nation鈥檚 capital have become 鈥淒ata Center Alley,鈥� the nation鈥檚 biggest hub of internet data storage.
Taxes and the rich: America鈥檚 history of favoritism and crackdownsAre聽the rich taxed too lightly? The question isn鈥檛 new, but leaked tax records of billionaires may be swinging the pendulum again.
Climate conundrum: Tax on emissions is pragmatic but unpopularJoe Biden is seeking an unprecedented level of U.S. reductions in greenhouse gas emissions 鈥� yet shying away from one major tool for doing that.
First LookIn El Salvador, rural community offers glimpse at crypto economyEl Zonte, a fishing village on El Salvador鈥檚 coast, has been using cryptocurrency for the past year. Supporters of the currency point to the village as a demonstration of how bitcoin could help the country where 70% of people do not have bank accounts.
First LookAs Gamestop, AMC soar once more, is meme investing here to stay?Months after a frenzy that saw novice investors flock to buy Gamestop stock, causing it to soar and then crash, they鈥檙e back for more. Not only has Gamestop resurged, but stock for AMC Entertainment has leaped from $2 to $62, a sign of these small investors鈥� power.
Behind stalled bill: Infrastructure is about visions for AmericaPresident Biden鈥檚 American Jobs Plan aims to battle global warming, address inequality, and more 鈥� areas traditionally outside the scope of infrastructure.
First LookWill gig workers surrender employee status for other benefits?Companies like Uber, Lyft, and Doordash hope to negotiate compromises with their workers without classifying them as employees. Some U.S. workers are willing to compromise, but many want to be classified as employees, which gives them the right to unionize.
First LookStates pass record budgets amid pandemic recession recoveryFlush with cash from U.S. federal aid, many states are pouring funds into education, health, and infrastructure but some lawmakers are raising concerns about how the aid will be spent.聽
First LookWhy G7 targets tech companies with global minimum corporate taxThe G7 countries agreed Saturday to support a global minimum corporate tax of at least 15% to deter multinational companies from avoiding taxes.
