Economics

In a wave fed by the COVID-19 pandemic, mixing soaring consumer demand for microchip-heavy goods with a vastly shrinking supply, a University of Michigan spin-out company finds itself well positioned to help alleviate some of the challenges. The ongoing microchip shortage, which has been simmering…

If you're out and about and noticing "Now hiring!" signs at every turn, there's a reason: Small businesses are having issues staffing up in the COVID-19 pandemic era.A combination of extended unemployment benefits, fears about contracting the coronavirus in the workplace and a lack of stability in…

Rideshare apps are rushing to find more drivers as riders come back.

The pandemic turned restaurants into takeout specialists, boosting demand for the condiment; ‘Everyone out there is grabbing for ketchup’

By 2022 more than half of the U.S. population are expected to order groceries online.

Krispy Kreme, cheesecake, fries, arcade tokens—proof of a shot means freebies and discounts. Vaccinated people are jumping on the deals. ‘What would really rock my boat is free golf.’

Explore search interest for flights by time, location and popularity on Google Trends

Yield-chasing investors are snapping up single-family homes, competing with ordinary Americans and driving up prices.

Taiwan chipmaker outlines 3-year spending plan through 2023 to meet higher demand

The carrier is the last U.S. airline to end the policy, which it first put in place in April 2020.

The Organization of the Petroleum Exporting Countries and allied producers have agreed to gradually increase their output over the next three months. The move follows a sharp increase in oil prices, and a call from the United States to keep energy affordable.

WASHINGTON (AP) — America’s employers unleashed a burst of hiring in March, adding 916,000 jobs in a sign that a sustained recovery from the pandemic recession is taking hold as vaccinations...

Producers have raised prices for corrugated cardboard, adding to supply-chain woes as the economy reopens.

What 7-Eleven did to fountain soda, President Biden wants to do to US infrastructure

U.S. inflation has generally been below the Fed’s 2% target since 2012. St. Louis Fed President James Bullard discusses reasons inflation could move somewhat higher over the next year or so.

ALBUQUERQUE, N.M. (AP) — Virgin Galactic rolled out its newest spaceship Tuesday as the company looks to resume test flights in the coming months at its headquarters in the New Mexico desert....

Some experts think rising mortgage rates could cool the market.

Under new President Joe Biden, residential real estate is likely to see positive trends toward first-time home buyers' incentives, updated fair-housing policies and additional moratoriums on homeowner foreclosures due to the pandemic, all efforts that national trade associations and metro Detroit…

PORTAGE — Pfizer Inc. is expected to start building a new pharmaceutical production facility in West Michigan.The drugmaker will break ground Wednesday on the multistory, 420,000-square-foot building on Pfizer's global manufacturing campus in Portage, MLive.com reported.It is expected to…

Unlike its players, Roblox’s economy has a wrinkle

NGPF Activity Bank Behavioral Finance Virtual Adaptation Ideas PLAY: The Ultimatum Game REQUIRED RESOURCES: Teachers, you must access the answer key/teacher guide for materials you need to facilitate this activity. You can find this on the Unit Page this resource is in. This fu...

PLAY: The Ultimatum Game is a classroom experiment that demonstrates how irrational humans can be when making financial decisions. With this game, students will explore the behavior and emotions behind the financial decisions they make. In this activity, students will be presented with this scenario: Two Teacher Tips: As classroom discussion will be key to learning the behavioral finance principles of this activity, it is important to review the Teacher Guide before facilitating this activity with your students.  The usual payout in the Ultimatum Game experiment is cash. As this is not feasible in the classroom setting, you may want to substitute something inexpensive that students value such as extra credit.

Answer: 63% Questions:   Would you consider buying a house that you couldn’t see in person?  What do you think home buyers might miss if they rely strictly on online sources of information? Click here for the ready-to-go slides for this Question of the Day that you can use in your classroom. Behind the numbers (NY Times):  Sixty-three percent of buyers who used Redfin in November and December went on to make an offer on a home they hadn’t seen in person, and monthly views of 3-D walk-throughs on the site are up more than 500 percent since February 2020. “In this market, because the homes are gone so quickly, if I had contacted the agent and set up a showing, by then they could have had five other offers,” Ms.

Author Binyamin Appelbaum's new book shows how the evolving role of economists had a powerful influence on American public policy.

Goalsetter is the best money app for your whole family - from parents to tweens, from kids to tweens. Your Goalsetter account lets every member of your family save for goals, spend responsibly, and learn financial literacy with fun game-based quizzes. Parents can use auto-save and round-ups to save for big goals over time, kids can earn money with Goalsetter's allowance feature and tweens and teens can use Goasletter's Cashola Debit Card to spend responsibly. With Goalsetter's 'Learn before you Burn' feature, the Cashola Card will automatically freeze on the weekend if your kid hasn't taken their finanial literacy quiz for the week. Goalsetter lets kids learn healthy financial habits that last a lifetime, and the whole famiiy can watch their savings grow.

The Treasury secretary dropped hints about her priorities — if you know how to interpret them.

As one of the main public exchanges for U.S. corporations, the New York Stock Exchange is generally associated with some of the largest companies in the world. The exchange serves as the main trading market for about 2,200 companies totaling about $30 trillion in market capitalization. As such, it…

Hoarder? Splasher? Understanding your financial psychology could save you money

We all want to save more money -- but overall, people today are doing less and less of it. Behavioral scientist Wendy De La Rosa studies how everyday people make decisions to improve their financial well-being. What she's found can help you painlessly make the commitment to save more and spend less.

For the past 11 months, Birmingham-based Griffin Claw Brewing Co. has made and bottled its own brand of hand sanitizer."Our goal was just to help in any way we could," said Chris Lasher, marketing director for the craft brewer.Last March, Griffin Claw, known for its popular beers such as Norm's…