A visible symbol of inflation for much of the year, prices at the pump have been driven down by reduced global demand and tumbling oil prices.
Category: United States Economy
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U.S. Gas Prices Are Now Lower Than a Year Ago
The New York Times – Business: -
An Activist Investor Takes on BlackRock Over E.S.G.
The New York Times – Business:A hedge fund sees BlackRock’s embrace of E.S.G. principles as a distraction, and it wants the money-management giant’s C.E.O., Laurence Fink, to step down.
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If There Is a ‘Male Malaise’ With Work, Could One Answer Be at Sea?
The New York Times – Business:As concerns about labor force participation among American men mount, maritime transportation firms are desperate for new mariners.
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‘Innovation Hubs’ Aim to Lift Distressed Areas. Congress Just Has to Fund Them.
The New York Times – Business:A new report suggests where 20 newly created research centers could best revitalize struggling economies and accelerate new technologies
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The Week in Business: Upheaval in China
The New York Times – Business:The labor market showed continued resilience. President Biden signed legislation averting a rail strike. And a near-total embargo on Russian oil takes effect.
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Biden Loves the Jobs Report, but the Fed Likely Does Not
The New York Times – Business:The president is celebrating a jobs engine that is running hot; Federal Reserve officials want to see more signs of slowing growth amid their campaign to tame inflation.
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U.S. Job Growth Remains Strong, Defying Fed’s Rate Strategy
The New York Times – Business:Employers added 263,000 workers in November, even as some industries showed signs of a slowdown. Wage growth exceeded expectations.
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U.S. employers added 263,000 jobs in November, the latest sign of the economy’s strength.
The New York Times – Business:The Labor Department report gauged the impact of the Federal Reserve’s campaign to tame inflation by tamping down hiring.
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State Tax Cut Policies Prop Up Income, Fanning Inflation Worries
The New York Times – Business:Efforts around the country to ease the pain of rising prices have given consumers more money to spend, which could paradoxically further drive up prices.
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Economist Austan Goolsbee Is Named to Lead the Chicago Fed
The New York Times – Business:A longtime University of Chicago economist who served in the Obama White House will be president of one of the Fed’s 12 regional districts.