Category: Business
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Wages grow quickly during first quarter
Workers’ pay and benefits rose 2.6% ending in March, down from only 2.8% a year before. However, even as wages grow, employers are struggling to find workers for multiple reasons. The Associated Press has the story: Solid increase in wages after weaker increases during the pandemic WASHINGTON (AP) — Wages and benefits grew quickly for…
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Biden going after corporate tax shelters
As expected, President Joe Biden is raising taxes on the wealthy. In order to pay for his massive infrastructure program and family plan, he is setting his sights on corporate loopholes, shelters and international havens. The Associated Press has the story: Biden shifting tax burden to corporations in attempt to shrink income inequity WASHINGTON (AP)…
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US economy recovering fast post-pandemic
The economy continues to rebound as employers step up hiring and GDP rises. The number of people applying for unemployment benefits reached its lowest since the pandemic started. The Associated Press has the story: Economy rebounding as unemployment decreases, GDP rises and home sales spike WASHINGTON (AP) — Powered by consumers and fueled by government…
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US jobless claims drop to pandemic low
The economy continues to rebound as the pandemic recedes, with the number of Americans applying for unemployment falling to the lowest since the pandemic started. So many jobs have been added that employers are complaining they can’t find enough workers. The Associated Press has the story: Number of Americans applying for unemployment aid falls to…
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Stocks higher but Netflix down due to pandemic receding
Wednesday was a good day for the stock market, with most stocks increasing by afternoon. But Netflix slumped 7% for the biggest decline in the S&P 500, due to slower growth in new subscribers as people are more able to get out of their homes. The Associated Press has the story: Stocks higher Wednesday afternoon,…
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Coke is rebounding after pandemic decimated sales
Coca-Cola took a big hit during the pandemic, mostly because half of it sales come from public places like restaurants and stadiums. Coke is rebounding now, as the reopenings have finally returned its case volumes to 2019 levels. The Associated Press has the story: Coca-Cola case volumes return to 2019 levels due to reopenings Sales…
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Another fatal crash involving Tesla car on autopilot
The fatalities are piling up with Tesla’s fully self-driving cars. Authorities are now investigating the latest crash, which killed two men in Texas. The Associated Press has the story: NHTSA and NTSB investigating latest fatal crash of self-driving Tesla DETROIT (AP) — Two federal agencies are sending teams to investigate the fatal crash of a…
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Stocks, S&P 500 rising after bond increases
As the effects of the coronavirus pandemic decrease, the stock market is rebounding. Friday ended a good week as the S&P 500 went up 0.2% and the Dow Jones Industrial Average up 3% as of 2:02 p.m. Eastern. The Associated Press has the story: Tick up in bond yields helps lift bank stocks Major indexes…
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Home construction increasing at fastest rate since 2006
As the economy turns around due to COVID-19 receding, there are some phenomenal leaps and bounds taking place. The construction of new homes and apartments increased 19.4% in March over February growth. The Associated Press has the story: Housing construction rebounds in March to 2006 levels WASHINGTON (AP) — U.S. housing construction rebounded strongly in…
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Jobless claims decrease to lowest since pandemic
The economy continues to turn around as the effects of the pandemic diminish. Employers are adding jobs, the unemployment rate continues to decrease and sales have jumped back. The Associated Press has the story: Only 576,000 Americans applied for unemployment benefits last week WASHINGTON (AP) — The number of Americans applying for unemployment benefits tumbled…