John Carney

Tech giants, which had soared during the past year of lockdowns, took some of the biggest losses.

The deficit is up 30 percent and prices are rising rapidly.

Gas stations across the South Eastern U.S. are have run out of gasoline, according to data from GasBuddy.com. Sixty-five percent of gas stations in North Carolina are out of gasoline, the data show, making it the hardest-hit state. Here are

The average price of a gallon of gasoline rose above three dollars on Wednesday, according to data from AAA.

Sticker shock!

The Consumer Price Index climbed 4.2 percent annually in April. Compared with March, prices rose 0.8 percent.

Energy and consumer finance stocks led the way down.

Demand for gasoline soared Monday as the shutdown of the Colonial Pipeline sent Americans to the pumps. Gas demand on the east coast of the U.S. rose 32.5 percent compared with the prior Monday, GasBuddy petroleum analyst Patrick De Haan

Job openings in the U.S. jumped to 8.1 million in March, a record high, the Labor Department said Tuesday.

The growth of small businesses in the U.S. was held back in April because small businesses could not find enough workers, the National Federation of Independent Businesss said Tuesday.

Many states suspended job search requirements during the pandemic and only some have reinstated them.

Former NY Fed chief William Dudley thinks interest rates could climb as high as 4.5 percent in the coming years, much higher than most investors expect

The best-selling auto in America is about to get an all-electric version.

Enhanced jobless benefits are likely to depress employment without raising wages for workers.

The number of women working shrank in April, a surprising development in a rapidly growing economy.

Economists expected the economy to add 938,000 jobs and the unemployment rate to fall to 5.8 percent.

The better-than-expected growth in compensation and productivity cast doubt on the necessity of the $1.9 trillion stimulus bill passed in March.

The progress on jobless claims may hurt the Biden administration’s efforts to pass an infrastructure bill, which it has dubbed a “jobs plan.” 

Polling shows the public overwhelmingly opposes a party-line vote, favoring instead a compromise with Republican lawmakers.

ADP estimates that 742,000 workers were added to private-sector payrolls in the month, an increase from the upwardly revised 565,000 estimated for March.

The direct stimulus payments that hit bank accounts across the U.S. in March increased incomes by a record amount—but much of it found its way into foreign coffers, pushing the trade deficit up to the highest level on record.

U.S. factory orders rose 1.1 percent in March, the Commerce Department said Tuesday. That was below the 1.3 percent increase expected by analysts but above the 0.8 percent contraction amid February’s harsh weather.

Biden says people killed in a car crash shouldn’t be able to pass on stock to kids tax-free.

Construction spending rose by a tepid 0.2 percent in March. That’s better than the 0.6 percent drop in February but below the 2 percent gain expected.

Worker shortages, chip shortages, and rising materials costs may be holding back expansion in U.S. factories.

Excess household saving now totals around $2.3 trillion, calling into doubt the need for more government spending to support the economy

Powerful evidence that enhanced jobless benefits are giving rise to the labor shortage businesses have complained about for months.

The University of Michigan’s final sentiment index for April rose to 88.3 from the midmonth reading of 86.5, data released Friday showed. This was up from 84.9 in March. 

Less than one day after President Biden proclaimed American workers would build the electric vehicles necessary to bring us into the zero admissions future, General Motors said it plans to invest more than $1 billion in Mexico to produce electric vehicles.

Pending home sales rose in March after a sharp decline in February, according to the National Association of Realtors. Pending sales, which measure contract signings for homes and usually lead closed sales by 45 to 60 days, rose 1.9 percent