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The Epoch Times - Page 2
Gasoline Prices Hit 7-Year High Even as Demand Falls for 4th Straight Week
For the week of Sept. 6, the national average for a gallon of regular gasoline rose to a seven-year high of $3.176 from $3.139 the week prior.
Mortgage Rates Remain Relatively Flat as Economy Loses Momentum: Freddie Mac
According to the data released Thursday by the federally chartered mortgage investor, the rate on a 30-day fixed-rate mortgage averaged 2.88 percent for the week ending Sept. 9, up slightly from 2.87 percent last week.
Producer Prices See Biggest Annual Surge on Record, Stoking Broader Inflation Concerns
The Labor Department said in a Sept. 10 statement that, for the 12 months ending in August, the final demand producer price index (PPI) jumped by 8.3 percent, the highest number in the history of the series.
Goldman Sachs Lowers US Growth Forecast Amid COVID-19 Delta Variant and Fading Fiscal Support
Economists at Goldman Sachs Group Inc. have lowered their forecast for growth in the U.S. economy this year for a second time.
How to Make Bachelor's Jam: Fruits, Booze, and Time
Capture the last of summer's fruits in this spirited Old World preserve
'Inflation Could Repeat Trajectory of 1960s': Economic Historian Niall Ferguson
Ferguson said that policymakers are now facing a new challenge in the form of rising inflation after responding to the COVID-19 pandemic in a manner similar to the 2008 Global Financial Crisis.
Oregon McDonald's Now Hiring 14-Year-Olds Due to 'Staffing Issues'
Heather Coleman, the operator of a McDonald's, said that raising the minimum wage to $15 per hour at the restaurant didn't attract many new applicants. When the hiring age was lowered to 15, about 25 applicants came in two weeks, she said.
Stock Futures Rise Ahead of Unemployment Data Release
Wall Street futures edged up on Thursday as investors looked to the weekly jobless claims filings.
Weekly Jobless Claims Fall to Fresh Pandemic-Era Low
First-time filings for unemployment insurance, a proxy for layoffs, came in at 340,000 for the week ending Sept. 2. This is the lowest weekly claims figure since March 14, 2020, when 256,000 people filed for unemployment.
Millions of Americans Set to Lose Pandemic Unemployment Benefits Next Week, No Signs of States Extending
Around 7.5 million Americans are set to fall off a "benefits cliff" as the September cutoff looms for the federal pandemic unemployment programs.
First Patient Gets Dose in Pfizer's Oral COVID-19 Drug Trial
"If successful, we believe this therapy could help reduce severity of illness among a broad population of patients," Rod MacKenzie, Pfizer's chief development officer, said in a statement.
Around 750,000 Households Face Eviction in 2021 Following Moratorium Ban: Goldman Sachs
The U.S. Supreme Court on Aug. 26 blocked the eviction moratorium enacted by the Centers for Disease Control and Prevention (CDC), opening the door for property owners to evict residents behind on rent.
Home Price Growth Surges to Record High: Case-Shiller Index
U.S. single-family home prices in 20 key urban markets rose 19.1 percent in June from a year earlier, marking the largest annual price increase in the 20-year history of the 20-city composite measure.