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For this Detroit restauranteur, business is still "day to day"

by Sean McHenry
May 18, 2022
For Lester Gouvia, chef-owner of Norma G's Detroit, business in the pandemic economy has been a "rollercoaster."
"We do have some good days, we do still have some bad days," says Lester Gouvia, chef-owner of Norma G's Detroit, a Caribbean restaurant.
Courtesy Lester Gouvia
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Courts decide California can't mandate corporate board diversity

by Meghan McCarty Carino
May 18, 2022
But institutional investors, consumers and other stakeholders could continue to hold companies accountable.
Despite California courts striking down laws requiring diversity in corporate board rooms, many companies continue to make progress.
Creative/Getty Images
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There are signs that the red-hot housing market may be cooling down

by Samantha Fields
May 18, 2022
Yes, mortgage rates are high. But demand is starting fall because of that, and prices aren't rising as fast as they have been, experts say.
Though home prices are still rising, they're not rising as fast as they have been, according to Redfin.
Justin Sullivan/Getty Imags
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Homebuilders are expecting the housing market to slow

by Mitchell Hartman
May 18, 2022
The rising interest rates that are giving builders pause about new construction are making also homes less affordable, especially to first-time buyers.
Chris Delmas/AFP via Getty Images
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In the Philippines, incoming president will meet economic challenges

by David Brancaccio and Ariana Rosas
May 18, 2022
Ferdinand "Bongbong" Marcos Jr. has promised a golden age for the Philippines, but he's up against pandemic and more.
Ferdinand Marcos Jr. is the son of a deposed dictator.
Ezra Acayan/Getty Images
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If oil prices are off their peaks, why are gas prices still rising?

by David Brancaccio , Alex Schroeder and Rose Conlon
May 18, 2022
"Gasoline prices and diesel prices are going to be very high through the summer, potentially higher than they are today," says Bloomberg's Javier Blas.
Scott Olson/Getty Images
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What does a strong dollar mean for the U.S. and world economies?

by Sabri Ben-Achour
May 17, 2022
A strong dollar means lower prices for goods from abroad. For countries that import commodities priced in dollars, however, it's bad news.
Matt Cardy/Getty Images
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COVID-19

The Biden administration is extending the public health emergency. Here's what that means.

by Samantha Fields
May 17, 2022
The original declaration of January 2020 changed the health care landscape.
COVID tests and vaccines are free of charge as a result of the public health emergency declaration in 2020.
Spencer Platt/Getty Images
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Former Chair Ben Bernanke takes long view of Federal Reserve's current challenges

by Kai Ryssdal and Marketplace Staff
May 17, 2022
“I think it's important to look back at history,” said the former leader of the U.S. central bank.
During an interview with Kai Ryssdal of "Marketplace," former Fed Chair Ben Bernanke discussed how the Federal Reserve has dealt with inflation in the past as well as its current approach.
Nancy Farghalli/Marketplace
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U.S. coal isn't counting on Europe for a comeback

by Lily Jamali
May 17, 2022
The coal industry's decline over the last decade has made scaling up tough, even as prices surge.
Though coal prices have surged since the war in Ukraine began, it's likely not a lifeline for the ailing U.S. coal industry. Above, steam rises from a coal power plant in Alabama in 2021.
Andrew Caballero-Reynolds/AFP via Getty Images
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