Posts filtered by tags: Economy[x]


 

America's massive unpaid rent problem could have been avoided if every unemployed person received federal UI benefits and $1,200 stimulus, study says

Chip Somodevilla/Getty Images New research from the Federal Reserve Bank of Philadelphia shows that had every unemployed American received the extra $600 per week in unemployment insurance payments, on top of stimulus, then just 125,000 households would be behind on their rental payments by December. This research comes as millions of Americans could face eviction when the national moratorium implemented by the US Centers for Disease Control and Prevention expires at the end of 2020. Even...
Tags: Politics, Congress, Senate, White House, America, Trends, Economy, Gop, House, Rent, Capitol Hill, Nancy Pelosi, Msnbc, Stimulus, Trump, Yale University


Children in West Africa are working night shifts to fuel a $100-billion chocolate industry that has failed to crack down on child labor, a US government-commissioned report found

Workers sift cocoa beans in Soubre, Ivory Coast Reuters A new report commissioned by the US Department of Labor has revealed the staggering level of dangerous child labor in the $100 billion chocolate industry. The report, from University of Chicago researchers, found that 1.56 million children in Ghana and the Ivory Coast were working in the industry. Most of them were working in hazardous conditions, defined by working night shifts, clearing land, carrying heavy loads, and using sharp to...
Tags: Human Rights, Finance, Africa, US, Trends, Supply Chain, Economy, Industry, Trade, West Africa, Child Abuse, University Of Chicago, Chocolate, Mars, US Congress, Ivory Coast


Target to hold grand openings for six Southern California stores

Target will hold a grand opening Sunday, Oct. 25 for six new Southern California stores, bringing the retailer’s Southland total to 114 locations. One of the stores, on West Sunset Boulevard in Los Angeles, is 150,000 square feet, but the rest are small-format locations that average around 30,000 square feet. They will collectively employ more than 600 workers. That will bump the Minneapolis-based retailer’s local workforce to nearly 21,000, and it will boost its nationwide store count to nearly...
Tags: Amazon, Business, News, Minneapolis, California, Los Angeles, Walmart, Sport, Economy, Soccer, Target, Cornell, Brian Cornell, Southern California, Southland, Mulligan


Kitchen appliances and washing machines are in short supply as families stuck inside turn to home-improvement projects

Scott Olson/Getty Images Appliance makers like Whirlpool and Electrolux are struggling to keep up with demand.  After factory shutdowns because of the coronavirus earlier this year, they're now facing a surge in sales to DIY-ers who are cooped up and seeking to upgrade their homes.  It's a strain being felt in all parts of the supply chain, from the manufacturers themselves, to shippers, raw materials suppliers, retailers, and more.  Visit Business Insider's homepage for more stories. Six...
Tags: Home Depot, Trends, Supply Chain, Economy, Best Buy, Appliances, Npr, Lg, Whirlpool, Lowe, Union Pacific, Lowes, Electrolux, Marvin Ellison, LG Electronics USA, Graham Rapier


Historically low inventory threatens pending-home sales: Zillow

The housing market has been ablaze since the summer, but a lack of homes on the market is finally slowing pending-home sales, according to a weekly market report from Zillow.
Tags: Housing Market, Economy, Radio, Market, Zillow, Inventory, Markets & Economy, Select, Home Prices, Home Sales


Stimulus Package Update: While Politicians Negotiate, Economic Damage Continues

cbsoptanon.onScriptsReady(function(cmp){cmp.ot.targetingAllowed(function(a){if(a) AnvatoPlayer("p0").init({"mcp":"cbs","width":"100%","height":"100%","video":"4812227","autoplay":false,"accessKey":"5VD6Eyd6djewbCmNwBFnsJj17YAvGRwl","accessControl":{"preview":false},"pInstance":"p0","plugins":{"heartbeat":{"account":"cbslocal-global-unified","publisherId":"cbslocal","jobId":"sc_va","marketingCloudId":"[email protected]","trackingServer":"cbsdigitalmedia.hb.omtrdc.net","customTrack...
Tags: Business, Usa, News, Supreme Court, Cbs News, Senate, White House, Economy, House, Treasury, Mitch McConnell, Capitol Hill, Nancy Pelosi, Donald Trump, Trump, Donald J Trump


Why You Should Invest in Talent Regardless of the Economic Climate

Companies that recognize the significant role talent acquisition plays in their organization have a better chance of withstanding ongoing economic climate changes.Especially now, global economic fluctuations will continue to have notable impacts on HR strategies, especially when it comes to hiring. A conscious commitment to talent acquisition can give a company a competitive edge regardless of external forces. Additionally, companies that invest in their talent acquisition strategy have higher r...
Tags: US, Careers, Recruiting, Economy, Unemployment, Today, Recruitment, Hiring, Recruitment Marketing, Recruiters, Recruitment Best Practices, Recruitment Trends, Talent Acquisition, Hewlett Packard HP, Hiring Managers, Julie Shenkman


‘State of Valley’: Coronavirus-era fight will assure that businesses endure, councilmembers declare

John Lee Los Angeles City Council members gathered for a question-and-answer forum Thursday, Oct. 22, hosted by the Greater San Fernando Valley Chamber of Commerce, providing a COVID-era virtual version of the seventh annual “State of the Valley” address. For the most part, the six city representatives acknowledged that the past seven months have been challenging since the coronavirus wreaked havoc on businesses, property owners and residents. But they also remained optimistic that the city w...
Tags: Japan, News, California, Los Angeles, Sport, Economy, Soccer, Lausd, City Council, Biden, Los Angeles City Council, Trump, Burns, Lee, Valley, John Lee


California jobless claims fall to 7-month low

Unemployment claims in California fell to their lowest levels since coronavirus-linked business shutdowns began in March, federal officials said Thursday. California workers filed 158,900 first-time unemployment claims for the week that ended Oct. 17, which was down about 17,200 from the 176,100 initial claims that workers filed during the week ending on Oct. 10, the U.S. Labor Department reported Thursday. The number of unemployment claims was the lowest since the week of March 21, when Califor...
Tags: Business, Florida, New York, Technology, Jobs, News, California, Washington, California News, Sport, Economy, Soccer, Labor Department, U S Labor Department, Ian Shepherdson, Pantheon Macroeconomics


California jobless claims fall to 7-month low; U.S. tapers, too

Unemployment claims in California fell to their lowest levels since coronavirus-linked business shutdowns began in March, federal officials said Thursday. California workers filed 158,900 first-time unemployment claims for the week that ended Oct. 17, which was down about 17,200 from the 176,100 initial claims that workers filed during the week ending on Oct. 10, the U.S. Labor Department reported Thursday. The number of unemployment claims was the lowest since the week of March 21, when Califor...
Tags: Business, Florida, New York, Technology, Jobs, News, California, Washington, California News, Sport, Economy, Soccer, Labor Department, U S Labor Department, Ian Shepherdson, Pantheon Macroeconomics


Stimulus Package Update: While Politicians Negotiate, Economic Damage Continues

cbsoptanon.onScriptsReady(function(cmp){cmp.ot.targetingAllowed(function(a){if(a) AnvatoPlayer("p0").init({"mcp":"cbs","width":"100%","height":"100%","video":"4812227","autoplay":false,"accessKey":"5VD6Eyd6djewbCmNwBFnsJj17YAvGRwl","accessControl":{"preview":false},"pInstance":"p0","plugins":{"heartbeat":{"account":"cbslocal-global-unified","publisherId":"cbslocal","jobId":"sc_va","marketingCloudId":"[email protected]","trackingServer":"cbsdigitalmedia.hb.omtrdc.net","customTrack...
Tags: Business, Usa, News, Supreme Court, Senate, White House, Economy, House, Treasury, Mitch McConnell, Nancy Pelosi, Donald Trump, Trump, Donald J Trump, Pelosi, Schumer


IMF cuts economic outlook for Asia, as COVID-19 devastates growth, but China remains a bright spot

A priest walks in front of the body of a person who died of the coronavirus disease, as he collects woods to make a funeral pyre at a crematorium in New Delhi, India, on July 3, 2020. Anushree Fadnavis/Reuters The IMF has cut its estimate for Asian economic growth to -2.2% for 2020, down 0.6% from it last forecast in June, citing steep contractions in India, Philippines and Malaysia. The fund upgraded its outlook for China, raising its growth forecast for this year to 1.9%, up 0.7% from a ...
Tags: Asia, Finance, China, India, Trends, Markets, Economy, Malaysia, International Monetary Fund, Morgan Stanley, Pacific, Wuhan, Imf, New Delhi India, Jim Rogers, India the Philippines


Democrats block a $500 billion 'skinny' coronavirus aid bill identical to another that Republicans unveiled a month ago

Senate Minority Leader Chuck Schumer (D-New York) at a press conference in Washington. NICHOLAS KAMM/AFP via Getty Images Democrats blocked a GOP coronavirus relief bill from advancing in the Senate. The vote fell along party lines, 51-44. Sixty votes were needed for the legislation to advance onto the Senate floor. Stimulus negotiations between Democrats and the White House are showing renewed signs of progress after weeks of unpredictability. Visit Business Insider's homepage for more st...
Tags: Politics, New York, Supreme Court, Republicans, Congress, Washington, Kentucky, Senate, White House, Trends, Markets, Economy, Democrats, Gop, House, Treasury


Former Fed Chair Alan Greenspan says the US is entering a period of slow economic growth on lowered productivity

Lucas Jackson/Reuters Former Fed Chair Alan Greenspan told Bloomberg that the US is entering a period of slowing economic growth due to a decrease in productivity. The aging of the population and an increase in social security benefits is contributing to this productivity slowdown, he said. "I'm very much concerned about this and I don't know how we're going to get out of it very quickly," Greenspan said. Visit Business Insider's homepage for more stories.Alan Greenspan told Bloomberg on W...
Tags: Productivity, US, Trends, Markets, Bloomberg, Economy, Social Security, Economic Growth, Federal Reserve, Fed, Baby Boomers, Alan Greenspan, Jim Rogers, Greenspan, Fed Chair, Economic Outlook


Pelosi strikes an optimistic tone on stimulus negotiations with the White House, saying 'there will be a bill'

The House passed a $2.2 trillion stimulus to help keep the US economy afloat during the coronavirus pandemic. Nicholas Kamm/AFP via Getty Images House Speaker Nancy Pelosi indicated a deal could be near and struck an optimistic tone on Wednesday. "I'm pretty happy. I think we have a prospect for an agreement," Pelosi said in an MSNBC interview. Any deal faces significant obstacles, particularly from Senate Republicans. Many are reluctant to support additional relief spending because of the...
Tags: Politics, Supreme Court, Republicans, Congress, California, Senate, White House, US, Trends, Markets, Economy, Democrats, Gop, South Dakota, House, Treasury


Stimulus Package Update: Is A Deal Even Possible At This Point?

cbsoptanon.onScriptsReady(function(cmp){cmp.ot.targetingAllowed(function(a){if(a) AnvatoPlayer("p3").init({"mcp":"cbs","width":"100%","height":"100%","video":"4796967","autoplay":false,"accessKey":"5VD6Eyd6djewbCmNwBFnsJj17YAvGRwl","accessControl":{"preview":false},"pInstance":"p3","plugins":{"heartbeat":{"account":"cbslocal-global-unified","publisherId":"cbslocal","jobId":"sc_va","marketingCloudId":"[email protected]","trackingServer":"cbsdigitalmedia.hb.omtrdc.net","customTrack...
Tags: Business, News, Senate, White House, Joe Biden, Economy, House, Arizona, Wisconsin, Mitch McConnell, Nancy Pelosi, Donald Trump, Trump, Pelosi, McConnell, Consumer


Stimulus Package Update: Is A Deal Even Possible At This Point?

cbsoptanon.onScriptsReady(function(cmp){cmp.ot.targetingAllowed(function(a){if(a) AnvatoPlayer("p3").init({"mcp":"cbs","width":"100%","height":"100%","video":"4796967","autoplay":false,"accessKey":"5VD6Eyd6djewbCmNwBFnsJj17YAvGRwl","accessControl":{"preview":false},"pInstance":"p3","plugins":{"heartbeat":{"account":"cbslocal-global-unified","publisherId":"cbslocal","jobId":"sc_va","marketingCloudId":"[email protected]","trackingServer":"cbsdigitalmedia.hb.omtrdc.net","customTrack...
Tags: Business, News, Senate, White House, Joe Biden, Economy, House, Arizona, Wisconsin, Mitch McConnell, Nancy Pelosi, Donald Trump, Trump, Pelosi, McConnell, Consumer


Stimulus Package: Is A Deal Even Possible At This Point?

cbsoptanon.onScriptsReady(function(cmp){cmp.ot.targetingAllowed(function(a){if(a) AnvatoPlayer("p0").init({"mcp":"cbs","width":"100%","height":"100%","video":"4796967","autoplay":false,"accessKey":"5VD6Eyd6djewbCmNwBFnsJj17YAvGRwl","accessControl":{"preview":false},"pInstance":"p0","plugins":{"heartbeat":{"account":"cbslocal-global-unified","publisherId":"cbslocal","jobId":"sc_va","marketingCloudId":"[email protected]","trackingServer":"cbsdigitalmedia.hb.omtrdc.net","customTrack...
Tags: Business, News, Senate, White House, Joe Biden, Economy, House, Arizona, Wisconsin, Mitch McConnell, Nancy Pelosi, Donald Trump, Trump, Pelosi, Consumer, CBS Detroit


Mitch McConnell reportedly told the White House to refrain from striking a stimulus deal before the election

Alex Wong/Getty Images McConnell has reportedly told the White House to refrain from striking a stimulus deal before the election, The Washington Post reported. The Senate majority leader said he thought a stimulus agreement would complicate the GOP's efforts to confirm Amy Coney Barrett to the Supreme Court next week. Many Republicans are reluctant to support a relief bill with a likely price tag ranging from nearly $1.9 trillion to $2.2 trillion. Visit Business Insider's homepage for mo...
Tags: Politics, Supreme Court, Republicans, Washington Post, Kentucky, Senate, White House, Trends, Markets, Economy, Policy, Democrats, Gop, House, Treasury, Mitch McConnell


Nancy Pelosi walks back the Tuesday deadline she set for a stimulus deal with the White House

House Speaker Nancy Pelosi. Chip Somodevilla/Getty Images House Speaker Nancy Pelosi on Tuesday appeared to walk back a deadline she'd set to broker a stimulus deal with the White House. "It isn't that this day is the day we would have a deal," she said in a Bloomberg TV interview. "It's a day when we would have our terms on the table to be able to go to the next step." Negotiations are ongoing, but many Senate Republicans are reluctant to support a multitrillion-dollar stimulus agreement ...
Tags: Politics, Republicans, Congress, California, Senate, White House, Trends, Markets, Economy, Policy, Democrats, House, Treasury, Senate Appropriations Committee, Fox News, Capitol Hill


Nancy Pelosi walks back the Tuesday deadline she previously set for a stimulus deal with the White House

Chip Somodevilla/Getty Images Nancy Pelosi appeared to walk back a stimulus deadline she set to broker a deal with the White House. "It isn't that this day is the day we would have a deal," she said in a Bloomberg TV interview. "It's a day when we would have our terms on the table to be able to go to the next step." Negotiations are ongoing, but many Senate Republicans are reluctant to support a multitrillion-dollar stimulus agreement that's taking shape between the White House and Democr...
Tags: Politics, Republicans, Congress, California, Senate, White House, Trends, Markets, Economy, Policy, Democrats, House, Treasury, Senate Appropriations Committee, Fox News, Capitol Hill


The economy will be just fine without more stimulus — but markets could sell off sharply, says one top strategist

Michael Nagle/Xinhua/Getty Images The US economic recovery can continue without fresh stimulus, but the lack of a near-term deal could rankle markets, Seema Shah, chief strategist at Principal Global Investors, said Tuesday.Passing another aid package would be a "bonus" to the economy, but its rebound "is less dependent on fiscal stimulus than we originally believed," Shah said in a virtual presentation.Leftover Paycheck Protection Program funds and September's better-than-expected jump in...
Tags: Congress, White House, US, Trends, Markets, Economy, Netflix, House, Economic recovery, Nancy Pelosi, Federal Reserve, Stimulus, Shah, Market Outlook, Nouriel Roubini, Economic Outlook


Stimulus Package Update: Is Time Running Out On A Possible Second Stimulus Check?

cbsoptanon.onScriptsReady(function(cmp){cmp.ot.targetingAllowed(function(a){if(a) AnvatoPlayer("p0").init({"mcp":"cbs","width":"100%","height":"100%","video":"4801601","autoplay":false,"accessKey":"5VD6Eyd6djewbCmNwBFnsJj17YAvGRwl","accessControl":{"preview":false},"pInstance":"p0","plugins":{"heartbeat":{"account":"cbslocal-global-unified","publisherId":"cbslocal","jobId":"sc_va","marketingCloudId":"[email protected]","trackingServer":"cbsdigitalmedia.hb.omtrdc.net","customTrack...
Tags: Business, News, Washington, Senate, White House, Joe Biden, Economy, Gop, House, Arizona, Treasury, Wisconsin, Nancy Pelosi, Donald Trump, Trump, Donald J Trump


Senate Republicans are pouring cold water on approving a multi-trillion dollar stimulus deal as Trump pushes for a larger relief package than Democrats

President Donald Trump approaches reporters as he departs on campaign travel to Minnesota from the South Lawn at the White House in Washington, DC, September 30, 2020. Carlos Barria/Reuters Senate Republicans are chilly on the prospects of approving a multi-trillion stimulus deal. "I think we're going to have a hard time finding 13 votes for anything," Sen. Majority Whip John Thune said Monday, referring to the number of GOP votes needed to pass stimulus legislation if all 47 Democratic se...
Tags: Politics, Minnesota, Republicans, Congress, Senate, White House, Trends, Markets, Economy, Cnn, Democrats, Gop, North Dakota, South Dakota, Washington Dc, House


Senate Republicans are pouring cold water on approving a multitrillion-dollar stimulus deal as Trump pushes for a larger relief package than Democrats'

President Donald Trump. Carlos Barria/Reuters Senate Republicans are chilly on the prospects of approving a multitrillion-dollar stimulus deal. "I think we're going to have a hard time finding 13 votes for anything," Majority Whip John Thune said on Monday, referring to the number of GOP votes needed to pass stimulus legislation if all 47 Democratic senators support it. President Donald Trump has continued to call for a larger stimulus package, saying in a Fox News phone interview on Tuesd...
Tags: Politics, Republicans, Congress, Senate, White House, Trends, Markets, Economy, Cnn, Democrats, Gop, North Dakota, South Dakota, House, Treasury, Wisconsin


1 in 3 American households say their worse off financially than last year — so holiday spending could crater

Shoppers look for early bargains as the Black Friday sales begin on Thanksgiving Day in Los Angeles, California on November 28, 2019. MARK RALSTON/AFP/Getty Images The pandemic's negative impact on Americans' finances may affect how much they are willing to spend this holiday season. Axios' Dion Rabouin reported on Deloitte's latest holiday retail season survey that looked at how people plan to spend money this season. According to the survey, 29% of holiday shoppers said their household's...
Tags: Holiday Shopping, US, Trends, Walmart, Economy, Deloitte, Wall Street Journal, Los Angeles California, Korn Ferry, Dion Rabouin, MARK RALSTON, Coronavirus, Bethany Biron, Madison Hoff, Rabouin


1 in 3 American households say they are worse off financially than last year — so holiday spending could crater

Shoppers look for early bargains as the Black Friday sales begin on Thanksgiving Day in Los Angeles, California on November 28, 2019. MARK RALSTON/AFP/Getty Images The pandemic's negative impact on Americans' finances may affect how much they are willing to spend this holiday season. Axios' Dion Rabouin reported on Deloitte's latest holiday retail season survey that looked at how people plan to spend money this season. According to the survey, 29% of holiday shoppers said their household's...
Tags: Holiday Shopping, US, Trends, Walmart, Economy, Deloitte, Wall Street Journal, Los Angeles California, Korn Ferry, Dion Rabouin, MARK RALSTON, Coronavirus, Bethany Biron, Madison Hoff, Rabouin


Leading a $15 million round, Prosus Ventures makes the challenger bank Klar its first bet in Mexico

Klar, a new online bank based in Mexico City, has become the first big bet that Prosus Ventures (the firm formerly known as Naspers Ventures) is taking in Latin America outside of Brazil. Founded by Stefan Moller, a former consultant at Bain & Co. who advised large banks, Klar blends Moller’s work experience in Mexico with his connections to the German banking world and the tech team at Berlin -based n26, to create a challenger bank offering deposit and credit services for Mexican customers. T...
Tags: TC, Technology, Mexico, Berlin, Tech, Banking, Economy, United States, Mexico City, Tencent, Brazil, Bank, Credit Card, Latin America, Movile, Naspers


Average credit scores rose slightly over the summer, despite record unemployment and economic pain

Crystal Cox/Business Insider In July, the average credit score was 711 compared to a reading of 708 in April, according to a report by The Wall Street Journal. The report concluded that the increase in credit scores nationwide stemmed from both financial assistance by the government and expanded unemployment benefits. Visit Business Insider's homepage for more stories. The average credit score for Americans rose slightly during the novel coronavirus pandemic, even though times have gotten...
Tags: Credit Cards, Congress, California, White House, US, Trends, Markets, Economy, Unemployment, House, Retail, Credit Scores, Nancy Pelosi, Wall Street Journal, Stimulus, Journal


Stimulus Package Update: Is Time Running Out On A Possible Second Stimulus Check?

cbsoptanon.onScriptsReady(function(cmp){cmp.ot.targetingAllowed(function(a){if(a) AnvatoPlayer("p0").init({"mcp":"cbs","width":"100%","height":"100%","video":"4801601","autoplay":false,"accessKey":"5VD6Eyd6djewbCmNwBFnsJj17YAvGRwl","accessControl":{"preview":false},"pInstance":"p0","plugins":{"heartbeat":{"account":"cbslocal-global-unified","publisherId":"cbslocal","jobId":"sc_va","marketingCloudId":"[email protected]","trackingServer":"cbsdigitalmedia.hb.omtrdc.net","customTrack...
Tags: Business, News, Washington, Senate, White House, Joe Biden, Economy, House, Arizona, Treasury, Wisconsin, Mitch McConnell, Nancy Pelosi, Donald Trump, Trump, Donald J Trump