WASHINGTON (AFP) – More than a year into the Covid-19 pandemic, millions of American remain jobless, but even as the economy reopens some employers are finding hiring an unexpected challenge. From fears of being infected
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Fed sees supply-chain issues growing despite better US outlook
WASHINGTON (BLOOMBERG) – The Federal Reserve is seeing both labour and material shortages mounting up across several sectors of the US economy, which may have consumers paying even more for everything from fuel to new
Read moreThe U.S. budget deficit hit a record $1.7 trillion in the first half of the fiscal year.
By Alan Rappeport The United States budget deficit grew to a record $1.7 trillion in the six months since October, as the federal government continued to pump huge sums of money into the economy to
Read moreAs U.S. Prospects Brighten, Fed’s Powell Sees Risk in Global Vaccination Pace
Jerome H. Powell, the Federal Reserve chair, stressed on Thursday that even as economic prospects look brighter in the United States, getting the world vaccinated and controlling the coronavirus pandemic remain critical to the global
Read moreWhat’s in Biden’s Tax Plan?
The proposal includes provisions to raise the corporate tax rate to 28 percent, make it harder for companies to move profits overseas and beef up the Internal Revenue Service. By Alan Rappeport and Jim Tankersley
Read moreA K-Shaped Recovery, This Time on a Global Scale
Emerging markets are at risk of falling far behind their advanced counterparts. That’s the whole world’s problem, officials warned. By Alan Rappeport and Jeanna Smialek Source: Read Full Article
Read moreJob growth in US topped 900,000 in March as hiring broadened
WASHINGTON (BLOOMBERG) – US employers added the most jobs in seven months with improvement across most industries in March, as more vaccinations and fewer business restrictions supercharged the labour market recovery. Non-farm payrolls increased by
Read moreUS dollar hits new one-year high to yen on American pandemic recovery optimism
TOKYO (REUTERS) – The US dollar rose to a fresh one-year high versus the yen and traded near multi-month peaks with other rivals on Wednesday (March 31) as investors bet that massive fiscal stimulus and
Read moreUS stimulus cheques could end up in stock markets, bitcoin
WASHINGTON (AFP) – US President Joe Biden’s US$1.9 trillion (S$2.6 trillion) stimulus will start flooding into the US economy soon, and some analysts say much of that money could end up invested in stocks or
Read moreMaking sense of high share prices
(NYTIMES) – The stock market is already quite expensive. That is evident when you compare current stock valuations with those from previous eras. But it is also true that stock prices are fairly reasonable now.
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