Americans planning fall travel despite higher costs ahead
U.S. travel optimism is running high, despite chaotic, expensive, and frustrating service over the summer.
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U.S. jobless claims fall unexpectedly to lowest since late April
Applications for U.S. unemployment insurance dropped unexpectedly to a five-month low, suggesting robust demand for workers amid economic uncertainty.
More companies than ever are sharing how much jobs pay
Even in places where it’s not required, employers have started listing pay information on job ads as candidates and employees demand transparency in the name of fairness.
U.S. consumer confidence rises for second month
A strong job market and lower gas prices appear to be contributing to more optimistic views of the economy. But inflation and rising interest rates both threaten Americans’ propensity to spend.
You don’t have to own a home to go solar; some renters have an option, too
Twenty-one states and the District of Columbia allow community solar projects. Indiana is not one of them, according to the EPA.
U.S. business activity gauge improves, but still shows contraction
The improvement in bookings suggests demand is holding up yet remains tenuous as customers of service providers adjust to still-elevated prices and higher interest rates.
Resurgent bird flu wiping out egg, turkey supplies across America
Inventories of whole turkeys are their lowest levels going into the U.S. winter holiday season since 2006. That means there will be little relief from inflation for Thanksgiving dinner.
U.S. jobless claims fall for a fifth week amid strong labor demand
Jobless claims have been dropping as employers are still trying to fill millions of open positions and retain the workers they already have.
Amazon closes, abandons plans for dozens of U.S. warehouses
During the second quarter, Amazon’s workforce shrank by roughly 100,000 jobs, to 1.52 million, the biggest quarter-to-quarter contraction in the company’s history.
U.S. crop tour stokes fears of looming corn shortage
A poor U.S. harvest will likely exacerbate the food inflation that’s already been gripping the world.
IRS to wipe away $1.2 billion in late fees from pandemic
The IRS estimates that nearly 1.6 million taxpayers will receive more than $1.2 billion worth of penalty relief. The tax agency will automatically issue the refunds or credits for most of the fees by the end of September.
AstraZeneca CEO warns U.S. pricing rules will delay new drugs
U.S. legislation requiring price negotiation for top-selling medicines will delay the launch of new drugs, AstraZeneca CEO Pascal Soriot warned.
Analysis: Student loan relief to cost as much as $980B, favor top earners
The group estimated that between 69% and 73% of any debt forgiven would accrue to households that rank in the top 60% of the U.S.’s income distribution.
China attacks U.S. chip handouts while warning of market slowdown
China lashed out at a $52 billion program to expand American chipmaking, saying the landmark blueprint contains elements that violate fair market principles and targets Beijing’s own efforts to build a semiconductor industry.
Chipmakers’ pandemic boom expected to slow as recession looms
Even in an industry famous for its roller-coaster cycles, chipmakers are bracing for a particularly severe shift in coming months, when a record-setting sales surge is threatening to give way to the worst decline in a decade or more.
U.S. factory output increases for first time in three months
Tuesday’s industrial production report showed output of motor vehicles rose 6.6%, the most in four months. An easing of bottlenecks on semiconductor supplies is affording automakers more room to increase output.
Car-charging investment soars, driven by EV growth, government funds
More than $4.8 billion has been pumped into the electric-vehicle charging industry this year—a combination of roll-out announcements, debt financing, investment and acquisitions. And this is just the deals that have disclosed financial figures.
Egg prices falling fast in relief for U.S. consumers
Farms are repopulating birds that they had to kill during this year’s highly pathogenic avian influenza outbreak. The outbreak killed more than 30 million commercial and wild birds.
Nexstar Media Group to buy CW Network from Warner Bros., Paramount
The purchase underscores Nexstar’s commitment to traditional broadcasting at a time when TV is losing viewers to online services and other entertainment options. Nexstar, the nation’s largest local TV station owner, has two properties in Indianapolis.
Home affordability worsens in U.S. as higher mortgage rates bite
Families spent about 24% of their incomes on mortgage payments in the second quarter, up from 19% in the previous three months and from 17% last year.