Apple Stock Was the Biggest Loser in the Dow. The Index Still Rose.
Stocks ended mostly lower Tuesday, and technology names were hit hard. Fears of higher inflation is spooking tech investors. The Dow Jones Industrial Average rose...
Author : Nelli Avetisyan
Consumer Demand Drove U.S. Imports to Record High in March
Consumers and a fresh round of stimulus money pushed demand for U.S. imported goods to a record high in March, further expanding the trade deficit....
Tax refunds on $10,200 of unemployment benefits start in May. Here’s who’ll get them first
Tax refunds on 2020 unemployment benefits are slated to start thismonth. But some taxpayers — namely, single filers — will get the moneysooner than others....
The EU recovery fund cannot be rushed
It is almost a year since French president Emmanuel Macron and German chancellor Angela Merkel threw their weight behind the idea of an EU recovery...
The four pillars supporting a digital economy
The rapid adoption of digital solutions during the Covid-19 pandemic has illustrated some of the economic and social wellbeing gains that could be realised in moving...
Treasury Expects to Borrow $1.3 Trillion Over Second Half of Fiscal 2021
The U.S. plans to borrow nearly $1.3 trillion over the next two quarters as federal spending picks up following the Covid-19 relief package enacted in March,...
The Booming U.S. Recovery Is Leaving Some Communities Completely Behind
The U.S. economy is on a multi-speed track as minorities in some cities find themselves left behind by the overall boom in hiring, according to...
UK banks’ support for coal industry has risen since 2015 Paris climate pact
British banks’ financial support for companies involved in the coal industry has risen since the 2015 Paris agreement, despite their pledges to wind down financing...
Cash-rich US banks move to reduce corporate deposits
A wave of cash flooding bank balance sheets during the pandemic has prompted some of the largest US lenders to take the unusual step of...
Powell Says Low-Income Lending Rules Should Apply to All Firms Offering Consumer Credit
Federal Reserve Chairman Jerome Powell said rules on lending in low-income communities should be extended to cover all firms providing consumer credit, not just banks....