Economics

The Biden administration is working to prevent Chinese apps from gathering Americans’ data.

WASHINGTON (AP) — The Commerce Department is opening the application process for computer chip manufacturers to access $39 billion in government support to build new factories and expand production.

This century has seen divergent price movement. Many consumer goods are cheaper, while critical categories like health and education have skyrocketed.

Today, Payscale Inc., the leading provider of compensation data, software and services, released the results of its flagship survey, the 2023 Compensation Best Practices Report (CBPR), shedding light on the ongoing power struggle between employees and employers.

Unused gift cards are costing us more than we think, but retailers don't mind.

The average cost of a 2023 wedding is expected to be $29,000 as vendors say inflation is forcing them to raise their prices, according to data from Zola.

Multiplayer mode on… Microsoft is trying to win friends and influence people. The Xbox maker struck deals to share its gaming treasures with...

Thursday’s the new Friday?... The four-day workweek is #trending. Driving the hype: one of the largest trials of a four-day workweek ever conducted....

Understanding elasticities can help explain why Tesla raised the price of its Model Y by $1,000 after the Treasury Department relaxed its tax credit terms for electric vehicles.

The “Housing Theory of Everything” describes how the current housing shortage is the root cause of many other issues we face: from wealth inequality, lower productivity and lower birthrates to climate change and obesity.   EconExtra is a series of posts that go beyond the textbook, relating current events and recent developments in economics to content standards, and providing resource suggestions to help you incorporate the current events into your lessons.     The Headline The housing shortages and skyrocketing housing costs in the US have appeared in the headlines and our weekly reading lists over the past year or more. This is true around the world.

Western housing shortages do not just prevent many from ever affording their own home. They also drive inequality, climate change, low productivity growth, obesity, and even falling fertility rates.

The Federal Reserve will be hard-pressed to lower inflation without a significant blow to U.S. economic activity and a sharp rise in unemployment, and even then may miss its 2% inflation target for years to come, a group of top economists concluded after a review of central banks' past inflation battles.

MLBPA executive director Tony Clark vowed to fight any efforts by the league to implement a salary cap after the current labor deal ends in 2026.

Corporations backed by private equity groups such as Blackstone and Pretium Partners bought tens of thousands of homes across the U.S. Sun Belt.

Soy, oat, almond and other drinks that bill themselves as “milk” can keep using the name, according to draft federal rules released Wednesday. Food and Drug Administration officials issued guidance that says plant-based beverages don’t pretend to be from dairy animals – and that U.S.

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The Bureau of Labor Statistics has updated its CPI formula to make it better reflect changes in consumer spending.

The number of Americans filing new claims for unemployment benefits unexpectedly fell last week, offering more evidence of the economy's resilience despite tighter monetary policy.

The drug has gone viral for its side effect of weight loss.

If we ace one more short workweek test, boss says we can have a pizza party outside.

Millionaires are leaving the US by the thousands, plunging the net inflow of wealthy individuals by nearly 86%, per data from Henley & Partners.

Kraft Heinz said on Wednesday it would hit pause on further price hikes for its quick-fix meals and condiments, as consumers turn increasingly sensitive to persistently high inflation.

Anyone who still remembers the basic principle of Economics 101 understands, on a gut level, one big problem with recorded music: It costs too much. The price of music has everything to do with supply — in that the major labels and music stores set the price of music — and little to do with […]

Economic inequality in the US can be traced in part back to the housing shortage. It's hard to hold a job or raise kids if you can't afford a home.

Joe Biden harped on junk fees during the State of the Union. While I do not think it is the problem of our time, I take things in the reference class of resort fees, or fees to have adjacent seats on an airplane, and other such unbundling (and bundling) surprisingly seriously. I am putting up my thoughts here so I have a reference to fall back upon.

Hasbro refuted reports from analysts and players that it is overprinting its Magic: The Gathering card sets.

A huge number of people and institutions are affected when a group parts ways.