The artists’ fans have been shelling out on lavish wardrobes, parties and travel, generating business and boosting spending in host cities.
Category: United States Economy
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America Spends Big for Beyoncé’s “Renaissance” and Taylor Swift’s “Eras” Tours
The artists’ fans have been shelling out on lavish wardrobes, parties and travel, generating business and boosting spending in host cities.
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Inflation Picks Up, but Details Under the Surface Are Encouraging
Economists looked past the first acceleration in overall inflation in more than a year and saw signs that price pressures continued to moderate in July.
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Food Prices Ticked Up in July, but Showed Signs of Moderating
The cost of food rose 0.2 percent in July from the prior month, but several categories showed a slowdown in price increases.
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How Long Will Interest Rates Stay High?
It’s pricey to borrow to buy a business, car or home these days. Interest rates are expected to fall in coming years — how much is up for debate.
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A Fed Official Wonders: ‘Do We Need to Do Another Rate Increase?’
The head of the powerful New York Fed said that it was an “open question,” and that rates could fall next year.
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Yellow, the Freight-Trucking Company, Declares Bankruptcy
A pandemic-era lifeline that the Trump administration predicted would turn a profit for the federal government failed to keep Yellow afloat.
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The economy added 187,000 jobs in July.
Economists project employment expanded at a healthy but slowing pace in July as the economy coasts into a steadier state.
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Las Vegas Suffers as Nevada Economy Droops, Costing Jobs
Nevada has the highest unemployment rate in the country at 5.4 percent as officials insist the economy must move away from its focus on gambling.
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Is Good News Finally Good News Again?
Economists had been wary of strong economic data, worried that it meant inflation might stay high. Now they are starting to embrace it.