Americans' shift to be their own bosses is lasting in pandemic
The surprising startup boom that took root in the U.S. last year shows little sign of having slowed, and, in fact, looks to be one factor in the nation's high turnover rate in jobs.Several weeks after the pandemic hit in March 2020, economists spotted an uptick in the number of people filing…
Lumber Wipes Out 2021 Gain With Demand Ebbing After Record Boom
(Bloomberg) -- Lumber, which at one point was among the world’s best-performing commodities as the pandemic sent construction demand soaring and stoked fears of inflation, has officially wiped out all of its staggering gains for the year.Prices at Monday’s close are now down 0.6% for the year as demand eases and supply expands in response to earlier gains. The rally turned a common building product into a social media sensation and a flash point in the debate over U.S. monetary policy. At one po
Coffee Prices Soar After Bad Harvests and Insatiable Demand
The rises threaten to drive up costs at the breakfast table as the world’s biggest coffee producer, Brazil, faces one of its worst droughts in almost a century.
More competition: Biden signs order targeting big business
WASHINGTON (AP) — President Joe Biden signed an executive order on Friday targeting what he labeled anticompetitive practices in tech, health care and other parts of the economy, declaring it would fortify an American ideal “that true capitalism depends on fair and open competition."
Genuine Progress Indicator - Gross National Happiness USA
Genuine Progress Indicator takes into account the well-being of a nation by incorporating environmental and social factors which are not measured by GDP.
Every day, millions of tons of goods pass through ports to get to their end consumers. Here are the world's busiest ports, and how numbers have changed.
Is the Michigan vaccine lottery working? Depends how you define success. | Bridge Michigan
Since Gov. Gretchen Whitmer announced a $5 million lottery pool for those getting the COVID-19 vaccine, she’s touted that 1 million have signed up for the lottery — but the state cannot say if it’s luring more people to the shots. Several local health officials say it hasn’t.
‘Should We Sell?’ After Collapse, Hot Florida Market Faces Uncertainty
The partial collapse of the Champlain Towers South in Surfside, Fla., has plunged older beachside condos and high-rise buildings like it into a swirl of apprehension.
If we want to understand the economic effects of socialism, North Korea is a good place to start because we can compare it to South Korea. But how do we stud...
We Study Billionaires - The Investor’s Podcast Network
We interview and study famous financial billionaires including Warren Buffett and Howard Marks, and teach you what we learn and how you can apply their investment strategies in the stock market.
U.S. job growth surges most in 10 months, jumping past forecast
U.S. job growth accelerated in June, with payrolls gaining the most in 10 months, suggesting firms are having greater success recruiting workers to keep pace with the broadening of economic activity.Nonfarm payrolls increased by 850,000 last month and the unemployment rate edged up to 5.9 percent,…
Rising pay in other industries blows holes in health care's workforce
Beaumont Health has more than 2,600 open positions across its eight hospitals and more than 165 outpatient centers. Roughly 5 percent of those positions fall under one job — medical assistant.A medical assistant performs relatively routine tasks, such as filling out insurance forms,…
Michigan businesses weather lockdowns, surge of interest in great outdoors
Restrictions on most indoor activities during the COVID-19 pandemic turned our entire society inside out — literally. Parks, campgrounds and secluded short-term rentals filled up. Bicycles, roller skates and RVs sold out. Michigan businesses have dealt with pandemic-enforced restrictions and…
An Economist Discusses Central Bank Digital Currencies | St. Louis Fed
In short videos, a St. Louis Fed economist answered questions on central bank digital currencies, including about possible effects on privacy and bank lending.