The number of people applying for unemployment benefits for the first time fell unexpectedly last week, marking its second consecutive decline.Initial jobless claims fell by 19,000 to 787,000 in the week ended December 26, the Labor Department said on...
View of the Prohibition Taproom in Philadelphia. Owner Michael Pasquarello, who owns two other facilities in town, is optimistic about the future despite the problems plaguing the industry.Source: Google EarthLike many in his field, restaurateur Michael Pasquarello is...
Traders on the floor of the New York Stock ExchangeSource: The New York Stock ExchangeAccording to Carl Weinberg, chief economist at High Frequency Economics, inflation expectations are becoming detached from reality, which means that the markets may outplay the...
Brian Moynihan, CEO of Bank of America, encouraged the Federal Reserve to ease its ultra-light monetary policy and said Monday that the urgency for the pandemic-induced response is easing.A day before the central bank's monetary policy meeting began in...
May consumer prices accelerated at the fastest pace in nearly 13 years as inflationary pressures continued to mount in the US economy, the Labor Department reported Thursday.The consumer price index, which is a basket of food, energy, groceries, housing...
Initial jobless claims rose unexpectedly last week despite a continued recovery in the US labor market, the Labor Department reported Thursday.Initial unemployment insurance enrollment for the week ending June 12 totaled 412,000 compared to 375,000 in the previous week....
Raphael Bostic, president of the US Federal Reserve in Atlanta, told CNBC on Monday that he was satisfied with the ultra-loose policy of the central bank even as inflation picked up in the economy."We still have 8 million jobs...
Unemployment claims rose unexpectedly last week as states reintroduced coronavirus restrictions as lawmakers struggled to enforce new government aid, according to a Labor Department report on Thursday.The number of first-time applicants for unemployment benefits was 885,000 for the week...
Robin Azougi 1st R, a licensed real estate seller with Douglas Elliman Real Estate, speaks to prospective buyers at a home for sale in Floral Park, Nassau County, New York on September 6, 2020.Wang Ying | Xinhua News...
Real estate agent Rebecca Van Camp is putting a "Sold" sign on her sign outside a home in Meridian, Idaho on Wednesday, October 21, 2020.In it Oswald | Tribune News Service | Getty ImagesThe sharp rise in...

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