Erika Soderstrom

Latest Stories (52)

A front desk worker assists a patron with checking in at the reopening of Bellagio hotel-casino on June 4, 2020, in Las Vegas. MGM Grand Resorts has announced it will lay off 18,000 workers who were previously temporarily furloughed.
Ronda Churchill/AFP via Getty Images

How low interest rates could make inequality worse

Low interest rates hurt our ability to save.
Karen Petrou, managing partner at Federal Financial Analytics, says there's "nothing" in the Federal Reserve's new policy for "shared prosperity."
Daniel Slim/AFP via Getty Images

United Airlines drops ticket change fees for domestic flights

Consumers have to be careful, as the fees still apply to the most basic economy fares.
This could be the first move in more permanent changes to airline ticket pricing.
Justin Sullivan/Getty Images

The gig economy and how workers might win it back

One way to rethink the "sharing economy" involves setting up co-ops on apps.
Mario Tama/Getty Images

The RNC and DNC painted very different pictures of the U.S. economy

It was Trump's appeal to American prosperity versus Biden's "Build Back Better" plan.
Alex Wong, Win McNamee/Getty Images

Athletes protest police shooting of Jacob Blake by refusing to play

Kenneth Shropshire called Wednesday a "universally unique day in history and in sport."
The Milwaukee Bucks, scheduled to play against the Orlando Magic in the NBA playoffs Wednesday, decided not to play to take a stand against the police shooting of Jacob Blake in Wisconsin.
Kevin C. Cox/Getty Images

How COVID-19 compounds economic damage from Hurricane Laura

And government response often falls short of meeting the needs of those hit by storms.
A picture taken on Aug. 27, 2020 shows a destroyed building on a beach as the eye wall of hurricane Laura passes over in Lake Charles, Louisiana.
Andrew Caballero-Reynolds/AFP via Getty Images

U.S.-China phase one trade deal: It's alive, but is it well?

There's a deal, sure, but it's not looking good in terms of hitting targets.
Johannes Eisele/AFP via Getty Images

Payroll tax cut could mean Social Security benefits run out sooner

A lot of older Americans rely on Social Security benefits to pay their bills.
William Thomas Cain/Getty Images

TikTok takes the Trump administration to court

It's a tactic to buy more time against the president's impending ban on the app.
Chris Delmas/AFP via Getty Images