The extraordinary recovery of the U.S. economy is set to make the country the world’s top destination for overseas investment this year and next, with foreign businesses drawn by the prospect of a rapid and sustained rebound in consumer...
Weekly benefits filings are approaching the long-term average, though the number of those receiving jobless aid remains high.
Construction of new homes in the last two decades lagged behind historical levels, contributing to the recent surge in house prices, according to a National Association of Realtors report that calls for a “once-in-a-generation” policy response.
The U.S. trade deficit is hitting record highs — and it's fueled by a surge in demand for imports, mostly from East Asia. On both land and at sea, the shipping industry is struggling to keep up. (Image credit: Justin...
Ever-increasing home values are a Ponzi scheme
Economists estimate that shoppers spent more on other items and at restaurants as pandemic-related restrictions eased last month.
Federal Reserve officials could signal this week that they anticipate raising interest rates sooner than previously expected, following a spate of high inflation readings.
U.S. consumer prices likely continued to rise rapidly in May as the economic recovery picked up, reflecting a surge in demand along with shortages of labor and materials.
Shocking employment numbers are cause for optimism, not panic
Secretary of State Antony Blinken told a House committee of plans for trade and investment talks with Taiwan, an initiative likely to aggravate tensions with Beijing.
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