Tag: Recessions and depressions
As employers struggle to fill jobs, teens come to the rescue
WASHINGTON — The owners of restaurants, amusement parks and retail shops, many of them desperate for workers, are sounding an unusual note of gratitude...
Fewer working-age people may slow economy. Will it lift pay?
WASHINGTON — As America's job market rebounds this summer and the need for workers intensifies, employers won't likely have a chance to relax anytime...
Gap to close all UK, Ireland stores; shifts business online
LONDON — In another blow to Britain's retail sector, American clothing company Gap said that it will close all of its stores in the...
US average mortgage rates decline; 30-year at 2.98%
WASHINGTON — Mortgage rates declined this week, with the key 30-year loan slipping back below the 3% mark as the economic recovery from the...
Biden to tout economic benefits of infrastructure package
WASHINGTON — President Joe Biden is hoping to get the bipartisan infrastructure deal on track by highlighting its expected economic benefits, stressing the $973...
Freed from COVID restrictions, big US banks hike dividends
NEW YORK — Recently freed from regulators' coronavirus restrictions, the largest U.S. banks on Monday announced plans to return tens of billions of dollars...
US mortgage rates rise over 3%; 30-year at 3.02%
WASHINGTON — Mortgage rates rose above the 3% mark this week for the first time in 10 weeks, as the economic recovery from the...
All big banks pass latest Federal Reserve ‘stress tests’
NEW YORK — All 23 of the nation's biggest banks are healthy enough to withstand a sudden economic catastrophe, the Federal Reserve said Thursday...
Spain’s Cabinet aims for a fresh start by pardoning Catalans
MADRID — The Spanish Cabinet is meeting Tuesday to issue pardons for nine imprisoned Catalans who spearheaded the 2017 effort to establish an independent...
Spain’s Cabinet aims for a fresh start by pardoning Catalans
MADRID — The Spanish Cabinet is meeting Tuesday to issue pardons for nine imprisoned Catalans who spearheaded the 2017 effort to establish an independent...