Economy
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U.S. job openings and hires were steady in May, Labor Department report says
There were 7.6 million available positions in May, and the hiring rate was at 3.3% in May, with about 5.2 million Americans taking new jobs.
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Everyday Economics: The consumer is still spending, but not out of the woods
Last month, inflation was still too high but some households got a little breathing room.
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Fed's key inflation measure shows highest jump since October 2023
Despite high inflation rates, consumer spending was higher than expected. Personal income also beat forecast.
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Workplace discrimination complaints, including for race, plummeted in Trump presidency
Economist finds "strong pattern" between unemployment rate and number of discrimination complaints filed.
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US economy in May added 559,000 new jobs, improved on weak April numbers in measured COVID recovery
The U.S. economy continue to recover at a measured pace as the COVID-19 number continue to decline.
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Weekly jobless claims fall below 400,000 for first time in over a year; feds report
The last time the numbers were under 400,000 was March of 2020.
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Food prices reach record highs as a result of pandemic-related inflation
Many of the pandemic-related food price increases are related to supply chain disruptions and labor shortages.
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Manufacturing e-commerce accounted for two-thirds of value of all manufacturing shipments in 2018
"By comparison, retail e-commerce sales were only 9.9% or $519.6 billion of the $5.3 trillion in total retail sales," according to the Census Bureau.
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ExxonMobil dealt a defeat as activist hedge fund's nominees win board seats
While the Engine No. 1 hedge fund controls far less than one percent of Exxon's stock, it is pushing for changes.
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Amazon is close to reaching deal to purchase Hollywood Studio MGM
The deal would represent Amazon's second most massive acquisition ever, dwarfed only by its purchase of Whole Foods.
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Twenty two Republican states to halt COVID federal unemployment benefits starting in June
Republicans have asserted that businesses are struggling to find workers as a result of extended benefits that incentivize some people to not search for a job.
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Bidenomics on hold? Poor economic reports raise caution flags for massive spending plans
Market economists warn of weakened recovery and rising prices, even as Fed chairman counsels calm.
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Stephen Moore: Working and middle class Americans are new GOP coalition as inflation rises
Referring to Democrats' enormous spending bills, the economist said of the 2022 elections, "I think they will be punished."