Business

U.S. unit labor costs rose sharply in the third quarter, while productivity declined at its fastest pace since 1960, adding to signs of persistently high inflation.

The White House’s new plan to combat corruption—both domestically and overseas—seeks to, among other things, add new regulations on the real estate industry.

Business economists expect  inflation to increase in the fourth quarter and stay elevated for years, according to a new survey.

Christmas tree prices are surging as suppliers are struggling to meet demand. Supply chain issues, extreme weather and a growing shortage of truck drivers amid fears of mass firings due to Joe Biden’s vaccine mandate has led to higher prices for both real and artificial trees. Tree prices have spiked upwards of 30%, industry officials told the AP.

The main trucking lobbies in Canada and the United States are warning that vaccine and testing requirements for workers will further disrupt supply chains because there is already a dire shortage of drivers.

Though unemployment fell to its lowest level in nearly two years, the U.S. added back a worse-than-expected 210,000 jobs in November—indicating the labor market is still struggling to add back jobs lost during the pandemic amid the looming threat of a new coronavirus variant.

According to new polling, approximately half of Americans say they are directly feeling the negative impact of record inflation in the US, with some saying the hardships they’re facing are severe.

Chief Justice John Roberts, who has been anything but a solid conservative vote on the Supreme Court, signaled Wednesday a willingness to uphold Mississippi’s ban on abortions after 15 weeks of pregnancy.

Luxury apartment or essential housing? How America’s most notorious junk municipal bond peddlers are getting rich off California’s affordability crisis.

Congressional Republicans plan to pressure Democrats to pull the plug on any funding to enforce the Biden administration’s vaccine mandate, according to a new report.