Economics

People are flying again. But so many airplanes are still parked in storage. Getting them in the air again isn't always so simple.

WASHINGTON (AP) — Fewer Americans sought unemployment benefits last week — the latest encouraging sign for the rebounding U.S. economy — just as Republican-led states are moving to cut off a federal benefit for the jobless.

Weeks after setting a record high, the price for Bitcoin has fallen dramatically along with other cryptocurrencies over factors ranging from inflation to, yes, Elon Musk.

Bitcoin's price dropped over 50% from its all-time highs in its latest correction. But how does this drop compare with those of the past?

The U.S. economy is strengthening quickly, although inflation is rising and a shortage of semiconductor chips has created a temporary headwind.

We provide explanations of basic and fundamental concepts on the definition of inflation, measurement of inflation, costs of inflation, the importance of measuring and controlling inflation, the role of the Federal Reserve in inflation, and other concepts such as price indexes, hyperinflation, trend and underlying inflation, measures of inflation like CPI, core CPI, median CPI, trimmed-mean CPI, PCE, core PCE, and trimmed-mean PCE.

Answer from Tax Foundation: Purchasing power (a.k.a. cost of living) becomes a critical consideration for students considering where they would like to live or even go to college. $100 will buy you a lot less if you attend college or live in New York City vs. rural Maine.

Focus on exactly how and why prices are changing over time, and how these shifts might affect you.

What is the top export in every country? This series of maps explores some of the most influential goods in global trade.

LANSING — Michigan's main funds will take in an estimated $3.5 billion more in taxes than previously forecast thanks to increased consumer spending of federal stimulus checks and other coronavirus relief funds, state officials said Friday.The surplus, spread over this fiscal year and next,…

A pair of open-air shopping centers not so far apart are facing different fates. The Mall at Partridge Creek in Clinton Township is looking down the barrel of receivership after its Miami Beach, Fla.-based owners defaulted on a $725 million mortgage, buckling under the weight of massive debt, the…

See how many coins you can stamp!

Workers, after enduring a year of job losses, business closures and social distancing, are no longer interested in accepting low wages.

U.S. Commerce Secretary Gina Raimondo says using the Defense Production Act, a wartime power to set priorities for certain supplies, would be “a challenge.”

A fun mini-game about pop-ups and the deviousness of websites and apps

After almost 30 years, Oatly has cinched a spot at the front of the alternative milk market

As pandemic-related restrictions are lifted and people slowly return to eating out and traveling, dry cleaners are struggling to stay afloat.

Erika Smith and Bryan Taberski did what any city dweller might do when the coronavirus pandemic closed offices and remote work became the norm.They became examples of the shift in residential real estate as metro Detroiters looking for more space moved to areas with larger lots, bigger houses and a…

How bad is Wall Street's diversity problem?

U.S. job growth unexpectedly slowed in April, likely curbed by shortages of workers and raw materials as rapidly improving public health and massive government aid fueled an economic boom.

The share of people working or looking for work edged higher last month — but it remains way below its level before the pandemic.

Hiring was a huge letdown in April, with nonfarm payrolls increasing by a much less than expected 266,000 and the unemployment rate rose to 6.1%.

Parents play an important role in preparing youth for self-sufficiency. See how people rated their parents and take the Parents' and Children's Money Survey.

Prices are rising fast, in ways that seem temporary, yet this could change expectations in ways that are self-reinforcing.

The Consumer Price Index rise for April from a year earlier was the sharpest since September 2008.

The increase in the Labor Department’s Consumer Price Index was well above forecasts. A top Fed official acknowledged the surprise but said, “This is one data point.”

There’s a good chance that you’ve been to your local grocery store or stopped by your favorite fast food location and noticed signs for hiring bonuses, but why aren't more workers signing up?