Business

Business

Sep
30
US Consumers and Companies Continue to Spend Despite High Inflation

US Consumers and Companies Continue to Spend Despite High Inflation

Unique market and labor conditions sustain consumer and business spending while inflation and recession pressures weigh on the US economy.
4 min read
Sep
23
Fed Raises Benchmark Interest Rate Again to Continue Fight Against Inflation

Fed Raises Benchmark Interest Rate Again to Continue Fight Against Inflation

Weighing the risks of persistent inflation with the danger of a recession, the Fed decides to again raise interest rates to slow the US economy.
3 min read
Sep
16
Inflation Dips Only Slightly in August while Mortgage Rates Exceed 6% in a First Since 2008

Inflation Dips Only Slightly in August while Mortgage Rates Exceed 6% in a First Since 2008

According to last month's Consumer Price Index report, inflation remains high at 8.3% as mortgage rates move above 6% for the first time since the 2008 financial crisis.
3 min read
Sep
09
Juul Agrees to Pay $438.5 Million in Underage Vaping Settlement

Juul Agrees to Pay $438.5 Million in Underage Vaping Settlement

Accused of targeting young people with its products, the e-cigarette maker settles a multi-million dollar lawsuit that includes 33 states and Puerto Rico.
3 min read
Sep
02
US Labor Market Continues to Remain Strong as G-7 Countries Agree to Cap Price of Russian Oil

US Labor Market Continues to Remain Strong as G-7 Countries Agree to Cap Price of Russian Oil

Job growth slowed in August but stayed solid, suggesting that rising interest rates and fear of a possible recession are leading companies to pull back on hiring, but the labor market recovery remains resilient.
3 min read
Aug
26
Moderna Sues Pfizer for Patent Infringement of its Covid-19 Vaccine

Moderna Sues Pfizer for Patent Infringement of its Covid-19 Vaccine

The US biotech company files a lawsuit alleging infringement of its mRNA technology that's been highly effective in combating the coronavirus.
3 min read
Aug
19
Pharmacies Ordered to Pay $650 Million for their Role in Opioid Epidemic

Pharmacies Ordered to Pay $650 Million for their Role in Opioid Epidemic

A federal judge orders CVS, Walmart, and Walgreens to pay millions to two Ohio counties after a Cleveland jury finds these companies partially liable for the opioid crisis.
3 min read
Aug
13
Inflation Slows Slightly in July while Democrats Pass the Inflation Reduction Act

Inflation Slows Slightly in July while Democrats Pass the Inflation Reduction Act

Consumer prices grow at a slower pace in July but are still far above the ideal rate of inflation as Democrats pass their coveted economic package.
3 min read
Aug
05
US Labor Market Exceeds Expectations Despite Warning Signs of Recession

US Labor Market Exceeds Expectations Despite Warning Signs of Recession

The Labor Department reported much better-than-expected job growth in July while the unemployment rate dropped to 3.5%, the lowest level in nearly 50 years.
3 min read
Jul
29
Economic Report Signals Slowdown amid Latest Fed Rate Hike

Economic Report Signals Slowdown amid Latest Fed Rate Hike

The US economy shrinks for the second quarter in a row as Gross Domestic Product (GDP) falls 0.9% from April-June 2022 while the Fed raises interest rates again.
3 min read