Tag: U.S. economy

WASHINGTON (AP) — The U.S. economy shrank from April through June for a second straight quarter, contracting at a 0.9% annual pace and raising fears that the nation may be approaching a recession. The decline…

WASHINGTON (AP) — A strong hiring report for June has assuaged fears that the U.S. economy might be on the cusp of a recession — and highlighted the resilience of the nation’s job market. Yet…

WASHINGTON (AP) — The U.S. economy grew last year at the fastest pace since Ronald Reagan’s presidency, bouncing back with resilience from 2020’s brief but devastating coronavirus recession. The nation’s gross domestic product — its…

WASHINGTON (AP) — Americans sharply boosted their spending last month, pushing up retail sales and giving the economy a lift. Much of the gain reflected the fact that shoppers are also paying higher prices. Retail…

WASHINGTON (AP) — Inflation is starting to look like that unexpected — and unwanted — houseguest who just won’t leave. For months, many economists had sounded a reassuring message that a spike in consumer prices,…

OMAHA, Neb. (AP) — Billionaire Warren Buffett encouraged investors to maintain their faith in America’s economy and the businesses his Berkshire Hathaway conglomerate owns in a reassuring letter to his shareholders Saturday. Buffett hardly even…

 Evidence is building that the American economy badly needs a jolt close to what President Joe Biden and Democrats seek to give it, which is far more than the limp $600 billion relief plan Republicans…

OMAHA, Neb. (AP) — The rural economy in parts of 10 Plains and Western states continues to grow, but rural bank CEOs say their biggest fears for the 2021 economy are excessive inflation and higher…

Joe Biden has been elected to be the next president of the United States. Now he’ll have to get creative. When the president-elect takes office, he’ll confront the country’s two most acute challenges: an ongoing…

WASHINGTON (AP) — The number of Americans applying for unemployment benefits fell last week to 860,000, a historically high figure that reflects economic damage from the coronavirus outbreak.  Before the pandemic hit the economy, the…