The U.S. goods and services deficit widened to $74.4 billion in March, rising $3.9 billion from $70.5 billion in February, according to data released on Tuesday (May 4) by the U.S. Census Bureau and the U.S. Bureau of Economic Analysis. Get the Full Story Complete...
Restaurant chain Cosi, which is now in bankruptcy, wants to speed up the process so it can gain access to federal aid for restaurants as part of President Biden’s $1.9 trillion COVID-19 relief plan. Get the Full Story Complete the form to unlock this article...
Big news in the U.S. last week as figures from the Census Bureau and Treasury Department pointed to an economic recovery gaining momentum as the U.S. consumers have been receiving their latest and largest stimulus checks to date over the last several weeks. Get the...
Large economic powers like the U.S. and Europe have good-sized chances at recovering lost ground from the pandemic by the end of 2021, the Financial Times reported on Sunday (May 2). Get the Full Story Complete the form to unlock this article and enjoy unlimited...
U.S. household income escalated 21.1 percent in March, fueled in part by federal relief funds, vaccinations, and the easing of restrictions from the COVID-19 pandemic, The Wall Street Journal reported Friday (April 30). The boost in income was the largest monthly increase since 1959. Get the Full...
First-quarter U.S. gross domestic product (GDP) expanded by 6.4 percent, topping fourth-quarter growth of 4.3 percent in 2020 and marking the biggest first-quarter increase in growth since 1984, according to an advanced estimate from the Bureau of Labor Statistics on Thursday (April 29). Get the Full Story...
Initial unemployment claims for the week ending April 24 dropped 13,000 to 553,000, the Bureau of Labor Statistics (BLS) reported on Thursday (April 29). The previous week’s level was revised up by 19,000 from 547,000 to 566,000. This is the third consecutive week claims are below 600,000...
There is perhaps no other sector in which the ConnectedEconomy™ can bring more benefits than in healthcare. The ability to integrate patient records across providers, simplifying payments, using biometrics and artificial intelligence (AI) to manage wellness promises to improve care and deliver improved health outcomes....
The global economy is tracking for a strong rebound, evidenced by increases in European and Asian manufacturing output and the demand for services, according to the latest Purchasing Managers’ Index, which is published monthly by IHS Markit. Get the Full Story Complete the form to...
