All Economy
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.
First LookUS economy is recovering, but unemployed still slow to take jobsAmericans are spending more but US employers continue to struggle to hire workers as the economy rebounds from the pandemic recession. Many unemployed are waiting for higher-paying jobs.
Why pandemic forced baby boomers to rethink retirement plansFor many Americans, one result of pandemic career upheaval is that retirement has come sooner than planned 鈥� while others no longer feel ready.
First LookThe stores are ready, but will the shoppers come back?Retailers were already competing against the ease of online shopping before the pandemic. But in-person shopping is ramping up after a year of lockdowns, and many retailers are offering new incentives to entice shoppers to their stores.
First LookAT&T-Discovery merger: What it means for subscribers, workersThe $43 billion merger of AT&T and Discovery, which operate HBO Max and Discovery+, likely means more competition for Netflix, Disney, and Amazon.
First LookWho isn't worried about inflation? The Federal Reserve.Stock prices fell sharply this week as concerns about rising inflation mounted. But the Federal Reserve is confident it can keep things under control as the economy expands. Why is that?聽
From lumber to labor, are we now in a 鈥榮hortage economy鈥�?For decades the general trend has been toward an economy of abundance, not shortages. At least for now, the story is suddenly different.
The ExplainerBig Tech won big in the pandemic. Now some nations say, pay up.Countries are levying 鈥渄igital services taxes鈥� on Big Tech companies. Some nations see the longer-term answer in a global agreement under negotiation.
First LookAre pandemics uninsurable? Why some insurers are trying again.The initial shock of the pandemic led many insurers to avoid coverage in their new policies. But as businesses adjust to a new normal, insurers are now reevaluating ways to cover pandemic risks.
First LookCybergang in Colonial Pipeline attack identified as 'DarkSide'DarkSide is among ransomware gangs that have 鈥減rofessionalized鈥� a criminal industry that has cost Western nations billions of dollars in losses.
First LookMajor US fuel pipeline halts operations after ransomware attackA cyberattack halted Colonial Pipeline operations affecting the flow of gasoline and jet fuel in states from Texas to New Jersey.
Restaurants are hiring, but where are the workers?The economy created a surprisingly low 266,000 jobs in April. One reason: a tight supply of workers to staff reopening industries like restaurants.
First LookFed chair鈥檚 high-stakes bet: More jobs but only mild inflationFocused on employment for all 鈥� including low-wage workers, non-college grads, and people of color 鈥� Jerome Powell lets inflation rise for now.聽
World鈥檚 bankers take climate pledge. Will they follow through?The world needs an extra $1.6 trillion to $3.8 trillion per year to adapt and respond to climate change 鈥� making private sector money vital.