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Stories Tagged as

Economy

Inflation is "not yet where it needs to be," Treasury Secretary Yellen says

by Kai Ryssdal and Sean McHenry
May 9, 2024
Janet Yellen addresses the state of the U.S. economy and underscores the country's rivalry and collaboration with China in an interview.
"I think it's important for Americans to understand how critical democracy is to economic performance," Treasury Secretary Janet Yellen says. Above, Yellen testifies at a House Ways and Means committee hearing on April 30.
Saul Loeb/AFP via Getty Images
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How GE made history: a look back at an iconic conglomerate

by Sabri Ben-Achour
May 8, 2024
In April, General Electric split itself up to focus on wind power, aerospace and health care. Its finance and media divisions are long gone.
A General Electric employee viewed rows of wind turbine parts in 2021. GE was an "incredible industrial company and built truly incredible things," reporter Ted Mann said.
Sebastien Salom-Gomis/AFP via Getty Images
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Small businesses see wage pressure easing

by Justin Ho
May 1, 2024
While the labor market is still tight, some owners aren’t feeling like they need to hike pay as much as they did earlier in the pandemic.
According to the Labor Department, wage gains have been slowing for the past two years.
Kameleon007/Getty Images
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Breaking Ground

CHIPS funds are heading to Phoenix, “ground zero for the new economy”

by Kai Ryssdal , Heather Long and Maria Hollenhorst
Apr 30, 2024
An influx of federal investment in the Arizona metropolis is meant to energize the nation's tech industry and accelerate job creation. Will it work?
President Joe Biden arrives at the TSMC facility in Phoenix to speak in December 2022. TSMC was recently awarded $6.6 billion in CHIPS Act funding.
Brendan Smialowski/AFP via Getty Images
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While El Salvador is turning around its reputation for crime, its economy still struggles

by Jane Chambers
Apr 23, 2024
El Savador's President Nayib Bukele took on gang violence by introducing a state of emergency in 2022. The country is now safer, but its economy is struggling to grow.
Above, people buy vegetables in a market in in San Salvador, El Salvador, in October.
Aphotografia/Getty Images
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Sober times for China's wine sellers

by Jennifer Pak
Apr 17, 2024
Having once enjoyed vibrant growth, China's wine industry is being held back by trade barriers, changing tastes and a flagging economy.
A shelf of wines from France, Argentina and New Zealand in a Shanghai retail shop. Wine imports have declined, and exporters are frustrated.
Charles Zhang/Marketplace
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Workers used to earn about two-thirds of the income their labor generates. Now, it's just over half.

by Nancy Marshall-Genzer
Apr 12, 2024
The stat, called labor share of national income, is being squeezed by globalization, declining union membership and automation.
Even though workers' slice of the pie is shrinking, the U.S. economy is growing, so they're getting a smaller slice of a bigger pie.
Chip Somodevilla/Getty Images
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America's CEOs are feeling good, KPMG survey finds

by David Brancaccio and Meredith Garretson
Apr 11, 2024
And 72% of CEOs surveyed anticipate modest or significantly increased hiring in the next year.
72% of CEOs surveyed anticipate modest or significantly increased hiring in the next year, according to a new KPMG survey.
fizkes/Getty Images
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More immigration means gains for U.S. economy, CBO says

by David Brancaccio , Chris Farrell and Alex Schroeder
Apr 10, 2024
The agency's estimates that immigrants will add $7 trillion to gross domestic product over the next decade.
Immigrants have filled jobs that employers had struggled to find workers for, according to the Congressional Budget Office.
Robert Nickelsberg/Getty Images
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Economic Perceptions/Economic Reality

How political ads try to shape the way we feel about the economy

by Kimberly Adams
Apr 3, 2024
Campaigns and advocacy groups may spend up to $17 billion on ads in 2024. Many pitches will focus on the local and the personal.
According to Tess McRae of the Parkside Group, successful messaging for incumbents will highlight smaller ways people’s lives have improved — like lower gas prices.
Jim Watson/AFP via Getty Images
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