US adds 194K new jobs, missing projected gains - here's what that means for interest rates
The August jobs report shows the U.S. added 194,000 jobs. Here's why economists were disappointed, and what that means for interest rates.
September jobs report misses with gain of just 194,000: Here's what happened
America’s employers added just 194,000 jobs in September, the second straight month of disappointing payroll growth as the spread of COVID-19 continued to dampen the labor market's recovery from the pandemic.
United Airlines flying 3,500 US flights in December; most since COVID-19 pandemic began
United Airlines announced Thursday that it would fly its biggest domestic schedule since the beginning of the COVID-19 pandemic.
Boris Johnson says low-paid migrants are no answer to labor shortages
British Prime Minister Boris Johnson said he would press ahead with his government’s pledge to end the influx of low-paid migrant workers despite the country’s labor shortages, describing it as a radical change for the British economy.
New Zealand raises interest rates as inflation, housing pressures build
New Zealand largely kept out COVID-19 by closing to the outside world, a policy accompanied by stimulus to keep the economy moving. Now the resulting labor shortages and surging demand, notably for housing, have led it to become one of the first developed economies to raise interest rates since the pandemic began.
Oil spill in California: Workers took 3 hours to shut off pipeline after alarm sounded, report
It reportedly took oil workers more than three hours to shut down the pipeline that spilled as many as 144,000 gallons of crude oil off the coast of Huntington Beach, California over the weekend.
Empty buildings in China’s provincial cities testify to Evergrande debacle
Rows of residential towers, some 26 stories high, stand unfinished in this provincial city about 350 miles west of Shanghai, their plastic tarps flapping in the wind. Places like Lu'an are monuments to the once-grand ambitions of China Evergrande Group.
Covid-19 charges at hospitals can vary by tens of thousands of dollars, a WSJ analysis finds
The cost of similar Covid-19 treatments can vary by tens of thousands of dollars a patient, even within the same hospital, according to a Wall Street Journal analysis of pricing data that indicates pandemic care hasn’t escaped the complex economics of the U.S. health system.
2021 Western wildfires: the economic toll
Millions of acres have been burned this year as wildfires tore through the U.S. West, setting hundreds of structures ablaze and forcing evacuations.
US auto sales slump, stalled by car computer chip shortage
Forecasters expect that September sales fell around 25% from last year as chip shortages and other parts-supply disruptions cut into the selection on dealer lots and raised prices once again to record levels. That sent many frustrated consumers to the sidelines to wait out a shortage that has hobbled the industry since late last year.
Rising bond yields dent mortgage applications
Mortgage applications turned lower last week as Treasury yields spiked following last week’s FOMC meeting.
Schumer seeks to fast-track raising the debt ceiling
Senate Majority Leader Chuck Schumer says Democrats are prepared to raise the debt ceiling on their own if they can do so with a simple majority.
Janet Yellen says Treasury could exhaust cash reserves by Oct. 18 if debt limit isn’t raised
Treasury Secretary Janet Yellen told Congress that the Treasury would be unable to pay all of the government’s bills if lawmakers don’t raise the federal borrowing limit by Oct. 18.
Durable goods orders rise more than expected
Orders for big-ticket items jumped last month as manufacturers continued to navigate the supply-chain disruptions caused by COVID-19.
Economic recovery losing momentum: NABE survey
A group of business economists' confidence in the U.S. economy is waning, a decline driven by the possibility of a new, vaccine-resistant COVID-19 variant.
Fed keeps interest rates at 0%, but eyes 2022 rate hike
The Federal Reserve moved up its timeline to decrease interest rates to next year. Here's how to take advantage of low rates now.
Fed officials see ‘transitory’ inflation lasting quite a while
All year the Federal Reserve’s message on inflation has been consistent: This year’s surge is transitory, and inflation will soon return close to the central bank’s 2% target.
China makes preparations for Evergrande’s demise
Chinese officials brace for Evergrande collapse, fearing economic and social fallout, as a bail out for the property developer looks unlikely.
Fed signals tapering could begin 'soon,' projects interest rate liftoff in 2022
The Federal Reserve signaled at the conclusion of its two-day meeting this week that it will begin slowing its aggressive bond-buying program later this year, the first step that policymakers will take to dialing back pandemic-era support for the U.S. economy.
Fed expected to provide taper timeline hints at key policy meeting this week
The Federal Reserve kicked off a much-anticipated meeting this week during which policymakers are widely expected to shed light on their plans to begin dialing back support for the U.S. economy – a decision complicated by rising inflation and lackluster job growth.



















