Lowering inflation to 2 percent without causing a recession and throwing people out of work would be a rare achievement. The markets are acting as if it has already happened.
Category: Coronavirus (2019-nCoV)
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Airlines Are Thriving as People Keep Traveling
Three large U.S. airlines have reported strong quarterly sales and profits in recent days because of strong demand, high fares and relatively low fuel prices.
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The Pandemic’s Labor Market Myths
Amid the pandemic, people thought the labor market had permanently changed in important ways. It was a bad bet.
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Carvana, Used Car Dealer, Reaches Deal to Restructure Debt
Most of the company’s bondholders have agreed to accept bonds that are worth less than what they were owed but that are secured against real estate and other assets.
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As Sunak Makes His Case to Britons, the Economy Undermines It
Britain’s stubbornly high inflation rate has come to symbolize a deeper economic malaise — a morass of problems, some new, others longstanding, that are stymying Prime Minister Rishi Sunak.
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United Airlines and Pilots Agree on Deal Raising Pay as Much as 40%
The proposed four-year agreement would be worth $10 billion over the life of the contract.
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For Many Small-Business Owners, a Necessary Shift to Digital Payments
The pandemic accelerated a transition to cashless payments, forcing a reckoning among small-business owners. But there are benefits: One owner said the switch saved her $3,000 a month.
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Where Does New York City Office Furniture Go?
Some office furniture in the New York City area has been caught in pandemic limbo. What happens to it if no one really wants it?
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Cruise Line Stocks Have Become Top Performers
Devastated at the height of the pandemic, cruise lines have become top performers.
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The ‘Great Resignation’ Is Over. Can Workers’ Power Endure?
The furious pace of job-switching in recent years has led to big gains for low-wage workers. But the pendulum could be swinging back toward employers.