The economy grew 6.4% in Q1 as stimulus checks, COVID vaccine shots set off shopping sprees. The showing defied early forecasts for a dark winter.
Author: Paul Davidson, USA TODAY
Biden is turbocharging the economy with stimulus. Will he smother it with regulation?
Biden is helping pull the economy from its COVID downturn. But some conservatives and businesses fear he could smother growth with new constraints.
There is a surge in new job openings, but why isn’t there a surge in job candidates?
More employers are actively recruiting job candidates, even for low- and middle-level white collar jobs as fewer answer ads during COVID crisis.
Powell: The biggest risk to the Fed’s forecast for a roaring economy this year is another COVID-19 surge
Fed Chair Jerome Powell said another COVID-19 surge is the biggest risk to the central bank’s rosy forecast. Interest rates will remain near zero
Biden administration unveils plan to raise corporate taxes, discourage multinationals from offshoring
The “Made in America” plan, which would require passage by Congress, expands on Treasury Secretary Yellen’s call this week for a global minimum tax.
Jeff Bezos keeps top spot on Forbes wealthiest list while Elon Musk jumps to No. 2
Amazon CEO Jeff Bezos held onto his No. 1 spot on Forbes’ list of the world’s richest people while Tesla CEO Elon Musk rocketed to No. 2.
The economy added 916K jobs in March, unemployment fell to 6% as states eased restrictions on businesses, vaccinations spread
Employers added 916,000 jobs in March, and unemployment fell to 6% as states eased COVID restrictions on businesses and vaccinations increased.
Biden’s $2 trillion infrastructure plan would lift economy but higher taxes may hamper growth until projects roll out
President Biden’s $2 trillion structure plan would boost the economy, experts say, but it may be a drag on growth initially
Are you spending or saving your third stimulus check? It could determine the strength of the COVID-19 recovery
If consumers spend most of their stimulus checks, it could mean a more robust recovery but also raise the specter of high inflation.
Krispy Kreme CEO defends free doughnuts offer to those vaccinated: ‘If folks don’t want to visit a donut shop, they don’t have to.’
Krispy Kreme’s CEO defended the company’s offer of a free doughnut a day to people get the COVID vaccine after a social media backlash.