ECONOMY

The Biden administration is expected to announce a new ban on evictions for some renters after a nationwide moratorium expired on Saturday, infuriating progressive House Democrats who warned that millions of Americans could lose their homes.

A nationwide ban on evictions ended over the weekend, but 10 states still have protections in place for renters as housing advocates warn that millions of Americans could be on the brink of homelessness.

Checking-in on the hotel industry, nightly stays are booking up quickly again and the need for staff is higher than ever.

Progressive lawmakers took aim at President Biden over the weekend after the White House let a nationwide ban on evictions expire and an eleventh-hour push by Democrats to extend the moratorium failed.

No one knows for sure what the state of the American economy will be one year from now, but the existing evidence all points in one direction: disaster.

The Biden administration announced Thursday it will allow a nationwide ban to expire. It argued that its hands are tied after the U.S. Supreme Court signaled the moratorium would only be extended until the end of the month.

The White House allowed a federal eviction moratorium to expire Saturday, urging Congress to take legislative action to keep it going and pushing for the distribution of billions of dollars of relief to help those who could now face being pushed out of their homes.

Gun sales climbed during the COVID-19 pandemic, creating an ammunition shortage in the United States as manufacturers still struggle to keep up with demand.

Six months after Congress approved billions in emergency rental assistance, just a fraction of the aid has reached tenants across the country – even with millions at risk of homelessness as an eviction ban expires on Saturday.

A federal ban on evictions is poised to expire on July 31, putting millions of renters at risk of being thrown out of their homes in coming weeks as state and local officials struggle to distribute $46 billion in rental assistance to tenants and landlords across the country.

Exxon Mobil on Friday posted its biggest quarterly profit in more than a year that also topped analysts' estimates as demand for oil, gas and chemicals rebounded, quelling some investor concerns over its recent weak performance.

The core personal consumption expenditures price index, the Federal Reserve’s preferred inflation measure, accelerated in June by the most on an annual basis in almost three decades.

The Biden administration on Thursday expanded a tax credit that would give more U.S. workers time off to help friends and family members get vaccinated for COVID-19.

The makers of some of the world’s bestselling food and drink brands warned they would keep raising prices as they grapple with the strongest inflation in years.

Liquor companies are taking inflation in their stride. A push into premium brands, coupled with the fact that more drinkers are switching to spirits from beer in key markets, should help maintain their edge.

Ride-hailing giant Didi Global Inc. is considering going private in order to placate authorities in China and compensate investors for losses incurred since the company listed in the U.S. in late June, according to people familiar with the matter.

Former Atlanta Federal Reserve President Dennis Lockhart said on Thursday that he believes the Fed's decision to potentially taper bond purchases will not happen immediately and will likely “be made later in the year.”

Logjams at seaports around the world are leaving some American toy companies scrambling this summer to ensure sufficient supply will reach retail shelves come this year’s holiday shopping season.