Economy

Fed stresses its commitment to low rates for the long run

1 minute ago   |   Star Tribune

The Federal Reserve pledged on Wednesday to keep its low interest rate policies in place even well after the economy has sustained a recovery from the viral pandemic.
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Afghanistan Wanted Chinese Mining Investment. It Got a Chinese Spy Ring Instead

Afghanistan Wanted Chinese Mining Investment. It Got a Chinese Spy Ring Instead

21 minutes ago   |   Foreign Policy

Desperate to jump-start its economy, Kabul is sick of waiting for Beijing to tap the country's mineral wealth.
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How restaurants are tapping into the booming 'subscription economy,' and why experts predict it has long-term potential

How restaurants are tapping into the booming 'subscription economy,' and why experts predict it has long-term potential

41 minutes ago   |   Business Insider

Summary List Placement Wineries do it. Gyms do it. Food delivery companies do it. And, streaming services like Netflix and Spotify are masters of it. In the subscription...
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The Gamestop Saga Shows How Casino Capitalism Is Eating the World

57 minutes ago   |   The New Republic

On a typical day in early January, the stock for Gamestop -a beleaguered brick-and-mortar video game retailer undergoing downsizing -traded at around $18 , with about 6.5...
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Federal Reserve leaves interest rates and asset purchases unchanged, sees growth slowing

1 hour ago   |   CNBC

The Federal Reserve kept its foot to the floor Wednesday in terms of the help it is providing for an economy that central bank officials say has slowed down.
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PRO Act Will Harm, Not Help, Workers

1 hour ago   |   Forbes

The economy is going to look different once Covid-19 subsides. Both workers and businesses need to adapt in response. The provisions in the PRO Act will impede this adaptation...
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Biden's upcoming executive action will focus on job creation through climate action, and the order has big support from CEOs and climate groups

Biden's upcoming executive action will focus on job creation through climate action, and the order has big support from CEOs and climate groups

3 hours ago   |   Business Insider

Summary List Placement President Joe Biden will sign an executive order on Wednesday that addresses the climate crisis, and both climate groups and corporate America have...
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Brian Kilmeade Says Those Who Want Higher Wages Should Simply “Get Another Job”

3 hours ago   |   Politicus USA

“Fox and Friends” co-host Brian Kilmeade criticized efforts to raise the federal minimum wage, which has remained at $7.25 an hour for more than a decade, the longest amount of...
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Increasing debt to boost economies obsolete & serves to widen gap between rich and poor - Putin

Increasing debt to boost economies obsolete & serves to widen gap between rich and poor - Putin

5 hours ago   |   RT

Increasing the debt burden cannot be used as a way of fostering economic growth any more, Russian President Vladimir Putin said Wednesday, addressing a virtual meeting of the...
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A new Biden executive order promises to 'restore scientific integrity' to the US government in a slapdown of the Trump White House

A new Biden executive order promises to 'restore scientific integrity' to the US government in a slapdown of the Trump White House

6 hours ago   |   Business Insider

Summary List Placement President Joe Biden will sign an executive order on Wednesday promising "restore scientific integrity" to the US government's workings, in an apparent...
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Feds Get First Conviction in Plot to Kidnap Governor

Feds Get First Conviction in Plot to Kidnap Governor

One of six men accused of plotting to kidnap Michigan Gov. Gretchen Whitmer pleaded guilty Wednesday and agreed to testify against the other five suspects. Ty Garbin, a... Read more ...

Jennifer King named NFL's 1st Black female assistant position coach

Jennifer King named NFL's 1st Black female assistant position coach

Jennifer King is just the second woman in league history to be an assistant position coach after Tampa Bay's assistant defensive line coach Lori Locust. Read more ...

No Mardi Gras parades, so thousands make 'house floats'

No Mardi Gras parades, so thousands make 'house floats'

You just can't keep a good city down, especially when Mardi Gras is coming. Read more ...

Biden aims for most ambitious US effort on climate change

Biden aims for most ambitious US effort on climate change

President Joe Biden is undertaking the most ambitious effort ever to cut America's oil, gas and coal emissions and stave off the worst effects of climate change. Read more ...

January has been the deadliest month for COVID-19 with nearly 80,000 lives...

January has been the deadliest month for COVID-19 with nearly 80,000 lives lost so far in the US

The grim milestone underpins the growing demand from state officials for more vaccines so that Americans can be inoculated more quickly. Read more ...

'I couldn't believe it': Customer leaves huge tip for restaurant's entire staff

'I couldn't believe it': Customer leaves huge tip for restaurant's entire staff

The customer left a $2,021 cash tip and a note. Read more ...

FDA places all alcohol-based hand sanitizers from Mexico on 'import alert'

FDA places all alcohol-based hand sanitizers from Mexico on 'import alert'

Alcohol-based hand sanitizers from Mexico will now be subject to heightened scrutiny, and FDA staff may detain shipments. Read more ...

Inaugural poet, Harvard grad, Amanda Gorman to participate in Super Bowl...

Inaugural poet, Harvard grad, Amanda Gorman to participate in Super Bowl coin toss

Amanda Gorman will recite a poem about the impact of the three honorary Super Bowl captains. Read more ...

Walgreens stock spikes after tapping Starbucks exec Roz Brewer as new CEO

Walgreens stock spikes after tapping Starbucks exec Roz Brewer as new CEO

Walgreens' stock price got a boost Wednesday with Starbucks honcho Roz Brewer poised to take over as the pharmacy chain's new CEO. Shares in the Illinois-based drugstore giant... Read more ...

Mets name Zack Scott acting GM after Jared Porter firing

Mets name Zack Scott acting GM after Jared Porter firing

The Mets are moving forward with Zack Scott as their acting general manager, the team announced Wednesday, after they fired GM Jared Porter for sending lewd text messages to a... Read more ...