World Shares, US Futures Slip on Worries Over Omicron Risks
World Shares, US Futures Slip on Worries Over Omicron Risks

NEW YORK (AP) — Global shares mostly slipped Tuesday as investors cautiously weighed how much damage the new omicron coronavirus variant may unleash on the global economy. Germany's DAX lost 1.1% to 15,106.35 in afternoon trading. France’s CAC 40 slipped... Read More

Stores Kick Off Black Friday But Pandemic Woes Linger

NEW YORK (AP) — Retailers are expected to usher in the unofficial start to the holiday shopping season Friday with bigger crowds than last year in a closer step toward normalcy. But the fallout from the pandemic continues to weigh... Read More

House Moves Toward OK of Dems' Sweeping Social, Climate Bill

WASHINGTON (AP) — Democrats brushed aside months-long divisions and approached House passage of their expansive social and environment bill Friday, as President Joe Biden and his party neared a defining win in their drive to use their control of government... Read More

White House Pushing Utility and Energy Providers to Prevent Shut-Offs This Winter
2021-11-18 21:44:53
by Reece Nations

WASHINGTON — The Biden administration is calling on energy providers to proactively coordinate American Rescue Plan Act funds to prevent utility shut-offs this winter. In a press briefing issued on Thursday, the Biden-Harris White House urged states, localities and tribes... Read More

Biden Pushes Electric Vehicle Chargers as Energy Costs Spike

WASHINGTON (AP) — President Joe Biden is highlighting billions of dollars in his giant bipartisan infrastructure deal to pay for the installation of electric vehicle chargers across the country, an investment he says will go a long way to curbing planet-warming carbon emissions while creating good-paying... Read More

US Jobless Claims Drop to Pandemic Low of 267,000

WASHINGTON (AP) — The number of Americans applying for unemployment benefits fell to a new pandemic low 267,000 last week, another sign that the job market is recovering from last year's sharp coronavirus downturn. Jobless claims fell by 4,000 last... Read More

US Hiring Rebounded in October, With 531,000 Jobs Added

WASHINGTON (AP) — America’s employers stepped up their hiring in October, adding a solid 531,000 jobs, the most since July and a sign that the recovery from the pandemic recession may be overcoming a virus-induced slowdown. Friday’s report from the Labor... Read More

Unemployment Claims Drop to 269,000, Another Pandemic Low

WASHINGTON (AP) — The number of Americans applying for unemployment benefits fell to a fresh pandemic low last week, another sign the job market is healing after last year's coronavirus recession. Jobless claims dropped by 14,000 to 269,000 last week.... Read More

Consumer Confidence Grew in October as Concerns Over Delta Variant Eased
2021-10-26 15:08:48
by Tom Ramstack

NEW YORK — Consumer confidence grew in October, reversing three month of declines due to concerns over the spread of the delta variant of the coronavirus, the Conference Board reported Tuesday. The not-for-profit, non advocacy think tank said its proprietary... Read More

US Wholesale Prices Rose Record 8.6% Over 12 Months

WASHINGTON (AP) — Inflation at the wholesale level rose 8.6% in September compared to a year ago, the largest advance since the 12-month change was first calculated in 2010. The Labor Department reported Thursday that the monthly increase in its... Read More

White House
Biden, a Convert to Mandates, Making Economic Case for Shots

WASHINGTON (AP) — President Joe Biden is wielding his weapon of last resort in the nation's fight against COVID-19, as he champions vaccination requirements across the country in an effort to force the roughly 67 million unvaccinated American adults to... Read More

Sweet News: Halloween Spending Expected To Reach All-Time High
2021-10-06 15:58:54
by TWN Staff

WASHINGTON -- Consumer spending on Halloween related items is expected to reach an all-time high of $10.14 billion, up from $8.05 billion in 2020, according to a new survey by the National Retail Federation. The federation conducts its annual Halloween... Read More

US Unemployment Claims Rise After Hitting Pandemic Low

WASHINGTON (AP) — The number of Americans seeking unemployment benefits moved up last week to 332,000 from a pandemic low, a sign that worsening COVID infections may have slightly increased layoffs. Applications for jobless aid rose from 312,000 the week... Read More

Adapt or Else: Downtown Businesses Cope With New Reality

NEW YORK (AP) — Downtown businesses in the U.S. and abroad once took for granted that nearby offices would provide a steady clientele looking for breakfast, lunch, everyday goods and services and last-minute gifts. As the resilient coronavirus keeps offices... Read More

U.S. Produce Prices Up 8.3% in August From a Year Earlier

WASHINGTON (AP) — Inflation at the wholesale level climbed 8.3% last month from August 2020, the biggest annual gain since the Labor Department started calculating the 12-month number in 2010. The Labor Department reported Friday that its producer price index... Read More

Yellen Warns US May Hit Debt Limit in October
2021-09-08 18:16:10
by Dan McCue

WASHINGTON -- Treasury Secretary Janet Yellen is warning Congress that she will run out of maneuvering room to prevent the U.S. from broaching the government’s borrowing limit in October. In a letter to congressional leaders on Wednesday, Yellen said that... Read More

Jobless Americans Will Have Few Options as Benefits Expire

NEW YORK (AP) — Millions of jobless Americans lost their unemployment benefits on Monday, leaving only a handful of economic support programs for those who are still being hit financially by the year-and-a-half-old coronavirus pandemic. Two critical programs expired on... Read More

Gig Apps for a Pandemic Economy: Part Time, No Commitment

LONDON (AP) — For months, Gabrielle Walker had been looking for a part-time job. She applied to restaurant chains and retailers like Nando's and Primark, and she scoured the job search site Indeed. Nothing. Then one day, Walker, a 19-year-old... Read More

US Jobless Claims Hit a Pandemic Low as Hiring Strengthens

WASHINGTON (AP) — The number of people seeking unemployment benefits fell last week for a fourth straight time to a pandemic low, the latest sign that America's job market is rebounding from the pandemic recession as employers boost hiring to... Read More

Employers Face Difficulties Filling Open Positions While Unemployment Remains High
2021-08-18 14:03:30
by Alexa Hornbeck

A recent report from the National Council on Compensation Insurance finds that there are now 3 million fewer Americans in the labor force than there were before the pandemic.  “At the pandemics onset, there were 18 million people on temporary... Read More

US Jobless Claims Down 14,000 to 385,000 as Economy Rebounds

WASHINGTON (AP) — The number of Americans applying for unemployment benefits fell last week by 14,000 to 385,000, more evidence that the economy and the job market are rebounding briskly from the coronavirus recession. The Labor Department reported Thursday that... Read More

Blue Dogs Back Bipartisan Return to Work Legislation
2021-08-04 19:56:29
by Dan McCue

WASHINGTON -- The Blue Dog Coalition of House Democrats is throwing its considerable influence behind a bill that aims to help unemployed Americans return to work by ensuring they do not lose income when they take a new job. The... Read More

Commerce Secretary Says Aging Population Will Hit US Like ‘Ton of Bricks’
2021-07-14 15:47:56
by TWN Staff

Commerce Secretary Gina Raimondo said Monday that the United States’ aging population will hit the economy “like a ton of bricks” without increased federal aid for at-home elder and disabled care. Raimondo made the comments during an interview with Reuters,... Read More

As Employers Struggle to Fill Jobs, Teens Come to the Rescue

WASHINGTON (AP) — The owners of restaurants, amusement parks and retail shops, many of them desperate for workers, are sounding an unusual note of gratitude this summer: Thank goodness for teenagers. As the U.S. economy bounds back with unexpected speed... Read More

US Economy Up 6.4% in Q1 With Stronger Future Gains Expected

WASHINGTON (AP) — The U.S. economy grew at a solid 6.4% rate in the first three months of this year, setting the stage for what economists are forecasting could be the strongest year for the economy in possibly seven decades.... Read More

SBA Chief Says Ensuring Equity Critical to Success of COVID Relief Program
2021-06-22 21:27:29
by Kate Michael

WASHINGTON — While much good came from the COVID relief funds doled out by the Small Business Administration as the pandemic ran its course time has shown that certain businesses -- particularly those owned by women and minorities -- went... Read More

Wedding Boom is On in US as Vendors Scramble to Keep Up

NEW YORK (AP) — Couples in the U.S. are racing to the altar in a vaccination-era wedding boom that has venues and other vendors in high demand. With restrictions on large gatherings loosening, wedding planners and others who make the... Read More

Political News
Princess Reema bint Bandar Says American Childhood Prepared Her for Ambassadorship
2021-06-01 14:38:50
by Kate Michael

WASHINGTON — Her Royal Highness Princess Reema bint Bandar remembers DC’s cicadas. In fact, she says she lived through the “cicada invasion” twice during her “non-diplomatic, but highly socially-connected” childhood in Northern Virginia while her father served as Saudi Arabian... Read More

US Jobless Claims Fall to 406,000, a New Pandemic Low

WASHINGTON (AP) — The number of Americans seeking unemployment benefits dropped last week to 406,000, a new pandemic low and more evidence that the job market is strengthening as the virus wanes and economy further reopens. Thursday's report from the... Read More

Tourism Industry, Still Weak, Looking for Help
2021-04-14 13:55:47
by Tom Ramstack

WASHINGTON -- The U.S. economy is continuing its recovery from the COVID-19 pandemic but not fast enough for tourism officials who testified before a Senate subcommittee Tuesday. They said their industry was the hardest hit during the pandemic shutdown and... Read More

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Straight From The Well
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