Category: United States Economy

Job Openings Fell Slightly in January; Layoffs Rose

The New York Times – Business:
The monthly data points to a cooling in the frenetic pace of hiring even as the labor market remains strong.
Biden Is Set to Detail at Least $2 Trillion in Measures to Reduce Deficits

The New York Times – Business:
The president’s proposals, included in the budget he will release on Thursday, are expected to heavily feature tax increases on corporations and high earners.
Biden Is Set to Detail at Least $2 Trillion in Measures to Reduce Deficits

The New York Times – Business:
The president’s proposals, included in the budget he will release on Thursday, are expected to heavily feature tax increases on corporations and high earners.
Fed Chair Opens Door to Faster Rate Moves and a Higher Peak

The New York Times – Business:
In light of recent strong data, Jerome H. Powell said that the Federal Reserve is likely to raise rates higher than expected.
Debt Default Would Cripple U.S. Economy, New Analysis Warns

The New York Times – Business:
As President Biden prepares to release his latest budget proposal, a top economist will warn lawmakers that Republicans’ refusal to raise the nation’s borrowing cap could put millions out of work.
Why the Federal Reserve Won’t Commit

The New York Times – Business:
Facing huge economic uncertainty, the Fed is keeping its options open. Jerome H. Powell, its chair, will most likely continue that approach on Tuesday.
The Week in Business: The Escalating Battle Over E.S.G.

The New York Times – Business:
The Supreme Court heard arguments on student debt cancellation. The jobs report for January comes out, and it’s hard to predict what it will show.
Why Companies Are Pushing Premium Products With Higher Prices

The New York Times – Business:
Companies are trying to maintain fat profits as the economy changes, making “premiumization” their new favorite buzzword.
Retailers Lay Out a Downbeat Outlook as Inflation Squeezes Low-Income Shoppers

The New York Times – Business:
Despite better-than-expected earnings, retail executives predict that any sales growth will be much smaller than in years past.
How to Keep Revenge Spending From Ruining Your Retirement

The New York Times – Business:
Once the worst of the pandemic passed, some of us turned from being savers to spenders — setting ourselves up for potential disaster.
Biden’s Semiconductor Plan Bets on Federal Aid to Change Corporate Behavior

The New York Times – Business:
The administration says the conditions it has attached to $40 billion in new subsidies will help U.S. semiconductor makers compete globally. Some economists disagree.
Low-Income Families Brace for End of Extra Food Stamp Benefits

The New York Times – Business:
When a pandemic-era boost ends on Wednesday, more than 30 million people will lose a significant amount of assistance.