Another 205,000 American workers filed for unemployment benefits last week, matching the prior week’s jobless claims number and roughly in line with pre-pandemic levels, suggesting that the recent rise in COVID-19 infections was not driving a fresh wave of layoffs.
As if the global economic condition were not severe enough after months of devastating impacts wrought by the COVID-19 pandemic, investors are warning that the possible collapse of a major Chinese real estate development company named Evergrande could trigger a liquidity crisis similar to the one that occurred in late 2008, leading to a multi-year global recession.
Colorado Democratic Governor Jared Polis said on Sunday that President Joe Biden needed to change the way that he talks about vaccines and that the definition of “fully-vaccinated” is likely to be changed in the near future.
Inflation is racking the US economy, and voters blame President Biden. Twice as many people think his actions are hurting the economy as helping, and nearly half think his policies will push inflation even higher, a poll shows.
Surging inflation will cost millions of Americans more than $3,000 in additional expenses this year, according to a Penn Wharton University of Pennsylvania Budget Model (PWBM) analysis published on Wednesday.
US retail sales grew by 0.3% in November, down October’s growth of 1.7%, amid an inflation spike that has raised prices of all products, Commerce Department data showed on Wednesday.
Joe Biden has shattered a record most presidents never hope to approach: November marked a 9.6% year over year inflation rate for whole sale prices, the highest recorded in U.S. history.
If the Senate follows the House of Representatives lead and passes the Immunization Infrastructure Modernization Act (HR 550), Americans who do not get the recommended number of covid vaccines can look forward to receiving a text like this: “This is Dr. Anthony Fauci."
Inflation numbers due to be released later Friday by the U.S. Bureau of Labor Statistics (BLS) are expected to show consumer prices rising at their fastest pace since 1982, with investors bracing for what could be a market-moving data drop.
