Economics

(Bloomberg) — Benchmark U.S. Treasury yields touched 1% for the first time since the pandemic-driven turmoil in March on the increased likelihood of Democrats winning control of the U.S. Senate. The 10-year yield, a key […]

NEW YORK (Reuters) – Investors are weighing how big to go on U.S. technology stocks in the coming year, as pricier valuations, regulatory risks and a revival of the market’s beaten-down names threaten to dim […]

(Bloomberg) — U.S. consumer spending and incomes fell more than forecast in November and filings for unemployment benefits remained at elevated levels last week, the latest signs that the autumn’s surge in coronavirus cases is […]

An audit of the Mississippi prison system showed that the Department of Corrections had misspent hundreds of thousands of dollars on travel, luxury items, and buyouts. The inappropriate purchases included $17,545.25 on 20 massage chairs, $18,004.04 for […]

(Bloomberg) — Oil retreated in London, slipping from a nine-month high and cooling a rally that has added more than 40% to crude prices since early November. Prices erased earlier gains on Friday as the […]

A bar and restaurant owner in Los Angeles has gone viral in a video posted to social media that shows a movie studio was allowed to set up an outdoor dining area just yards from […]

Sweeping data released by the Small Business Administration on who benefited from pandemic relief programs raises questions about the equitability and distribution of loans intended for small businesses, an initial analysis by NBC News shows. The analysis […]

Whole Foods CEO John Mackey blasted socialism during a recent interview, explaining such economic policies cause increased poverty. During a discussion hosted by the American Enterprise Institute on Tuesday, Mackey did not mince words — […]

Millions of Americans are in danger of losing their homes when federal and local limits on evictions expire at the end of the year, a growing body of research shows. A report issued this month from the […]

NEW YORK (CBSNewYork) — Cash is king once again in the Big Apple. A new law just went into effect, banning businesses from denying people who want to pay with dollars and coins, CBS2’s Andrea Grymes […]