Economy News: Economic News Today - Page 58 of 105

COVID-19 omicron spread prompts temporary restaurant closures, vaccine requirements

January 3, 2022

Some restaurants close temporarily, announce vaccine requirements as COVID surges. (Stephen Goin) The start of a new year won’t yet relieve the strain on the nation’s beleaguered hospitality industry. As cases of COVID-19 surge, many bars and restaurants have announced temporary closures, modified service or vaccine requirements for indoor dining – difficult decisions that echo industry mandates from the pandemic’s […]

Wall Street titan says America will be the next empire to decline

January 3, 2022

To make money betting on the future, Ray Dalio delves into the past. As one of America’s richest men, and founder of the world’s biggest hedge fund, being well versed in history has proved lucrative. “Studying the Great Depression in the 1930s allowed me to anticipate the 2008 financial crisis and do very well in it,” says Dalio who, at […]

GST collections slip below ₹1.3 lakh crore in December

January 1, 2022

December is the sixth month in a row when revenue from goods sold and services rendered stood at over ₹1 lakh crore Gross Goods and Services Tax (GST) collections hit a three-month low in December at ₹1,29,780 crore, 26% higher than the pre-pandemic levels of December 2019 and 13% more than the same month in 2020. Revenues from import of […]

U.S. Personal Income, Spending Increase In Line With Estimates In November

December 24, 2021

The Commerce Department released a report on Thursday showing personal income and spending in the U.S. both increased in line with economist estimates in the month of November. The report said personal income rose by 0.4 percent in November after climbing by 0.5 percent in October. Economists had expected personal income to rise by 0.4 percent. Disposable personal income, or […]

Omicron variant causes Christmas flight cancellations and holiday travel headaches

December 24, 2021

Fox Business Flash top headlines for December 23 Check out what’s clicking on FoxBusiness.com. United Airlines has been forced to cancel 121 flights on Christmas Eve, in part, due to the coronavirus omicron variant. According to Flight Aware, United Airlines has canceled 121 flights on Friday, which is equivalent to 6% of their overall flight schedule. FOX Business has identified […]

COVID relief fraud nears $100B, Secret Service says

December 21, 2021

President Biden delivers remarks on the nation’s fight against COVID-19 President Biden delivers remarks on the nation’s fight against COVID-19. The release of COVID-19 federal relief funds has unleashed a wave of individuals and criminal networks responsible for what the Secret Service says is nearly $100 billion in stolen benefits. Congress passed the $2.2 trillion Coronavirus Aid, Relief and Economic […]

This Is the State With the Most Reckless Drivers

December 16, 2021

Car accidents killed 42,060 people last year, according to the National Safety Council (NSC). That is a rise from 39,107 the year before. Car accidents neared 6 million, and the cost of these accidents is close to $1 trillion. Several solutions to lower the number of accidents have been suggested. First is more effort to curb drunk driving. This has […]

U.S. Homebuilder Confidence Modestly Improves In December

December 16, 2021

Despite inflation concerns and ongoing production bottlenecks, the National Association of Home Builders released a report on Wednesday showing a modest improvement in U.S. homebuilder confidence in the month of December. The report said the NAHB/Wells Fargo Housing Market Index inched up to 84 in December from 83 in November, reaching its highest level since a matching reading in February. […]

U.S. Annual Import Price Growth Reaches 10-Year High In November

December 15, 2021

Continuing the upward trend seen throughout most of 2021, the Labor Department released a report on Wednesday showing U.S. import prices increased in line with economist estimates in the month of November. The Labor Department said import prices climbed by 0.7 percent in November after surging by an upwardly revised 1.5 percent in October. Economists had expected import prices to […]

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