economic news this week
- ECONOMY
Homebuilder confidence is high, but rising costs of materials present major risks
Contractors work on single-family homes under construction in the Cadence Park development of The Great Park Neighborhoods in Irvine, California,…
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Canada’s transition to a knowledge economy could suffer if business doesn’t take mental health seriously
Breadcrumb Trail Links News FP Work Economy Conservative estimates place the economic impact of poor employee mental health at $50…
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The housing market is hot, but the rental market could quickly catch up as economy reopens
Breadcrumb Trail Links Real Estate News Economy Higher demand for rental housing in next few months expected to put pressure…
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April’s inflation surge wasn’t as drastic as it looked, but the real test is still ahead
A woman wears a face mask while shopping for a baby shower gift during the Covid-19 pandemic, at Madison’s Niche…
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Indiana’s plan to use COVID-19 relief to uplift its struggling regions
Last month, Brookings Metro detailed the American Rescue Plan’s (ARP) appropriation of $350 billion in extremely flexible state, local, and…
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Weekly mortgage refinance demand jumps on brief drop in rates
Real estate agents leave a home for sale during a broker open house in San Francisco, California. Justin Sullivan |…
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Inflation surges in April as consumer prices leap 4.2%, fastest since 2008
Inflation accelerated at its fastest pace in more than 12 years for April as the U.S. economic recovery kicked into…
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Two tales of a city: How middle-class Shanghai reveals China’s unsettled future
The rapid emergence and explosive growth of the Chinese middle class is one of the world’s most stunning developments. At…
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For Clean Energy, Buy American or Buy It Quick and Cheap?
In January, Patricia Fahy, a New York State legislator, was celebrating a new development project for the Port of Albany:…
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Infrastructure plan should cost up to $800 billion, McConnell says ahead of Biden meeting
Senate Minority Leader Mitch McConnell speaks to reporters after the Senate Republican lunch on Capitol Hill in Washington, March 23,…
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Housing mania requires tough decisions, something the government can’t be trusted to make
Breadcrumb Trail Links Economy Kevin Carmichael: Trudeau and Freeland had the chance to finally overhaul a deeply flawed housing policy.…
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U.S. Chamber of Commerce blames weak jobs report on enhanced unemployment benefit, kicks off lobbying effort
A help wanted sign is posted at a taco stand in Solana Beach, California. Mike Blake | Reuters The largest…
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David Rosenberg: Some effects of the pandemic may linger, but inflation isn’t one of them
Breadcrumb Trail Links Economy Post-summer, expect production to expand, demand growth to recede, and for all this price inflation chatter…
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Meme Stocks and Archegos: Fed Calls Out Financial Weak Spots
The Federal Reserve warned about financial stability risks emanating from frothy stocks and debt-laden hedge fund bets in its twice-annual…
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Promising job numbers are hiding a slow recovery for many metro areas
Employers across America’s largest metro areas added nearly 453,000 workers to their payrolls in March. This marked the largest monthly…
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Jobless claims tumble in another sign the labor market is getting closer to pre-pandemic levels
The U.S. employment picture improved sharply last week, with first-time claims for unemployment insurance hitting a fresh pandemic-era low. Initial…
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Middle-class Shanghai: Reshaping US-China engagement
After four decades of engagement, the United States and China now appear to be locked on a collision course that…
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Public sector reform in MENA: the achievable governance revolution
As we approach the tenth anniversary of the Arab Spring, much attention is rightly being given to the broader governance…
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Private payrolls show big gain in April but still short of lofty expectations, ADP says
Bartenders wearing protective masks assist customers sitting at the bar at Blooms Tavern in New York, U.S., on Monday, May…
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How a Memphis medical district is connecting residents to living-wage jobs
Memphis, Tenn.—home of the blues, soul, and rock and roll—is also home to significant economic, social, and cultural assets. One…
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U.S. trade deficit surges to new record; shortfall with China keeps rising
A container ship is guided by tugboats out of the terminal at the Port of Long Beach-Port of Los Angeles…
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Jerome Powell strikes a hopeful tone but emphasizes the pandemic’s uneven costs.
Jerome H. Powell, the Federal Reserve chair, struck a hopeful tone about the United States economy in a speech on…
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Biden, in Georgia to Promote Economic Agenda, Visits Carter
President Biden visited former President Jimmy Carter, an old friend, as he traveled to Georgia on Thursday to pitch his…
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A ‘weird’ pandemic problem: Shortage of skilled workers
Breadcrumb Trail Links News FP Work Entrepreneur Economy Dan Kelly, head of the CFIB, on how small business is holding…
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How Black-owned businesses can make the most out of the Biden infrastructure plan
Alongside much-needed investments in the nation’s roads, bridges, and water systems, President Joe Biden’s $2 trillion infrastructure proposal, the American…
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Mortgage rates fall to a two-month low, but weekly demand still drops
Robin Azougi 1st R, a licensed real estate salesperson with Douglas Elliman Real Estate, talks with prospective buyers at a…
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Jerome Powell is a heavy favorite on Wall Street to be renominated as Fed chair
US Federal Reserve Chairman Jerome Powell gives a press briefing after the surprise announcement the FED will cut interest rates…
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Tech Mahindra – Strong Q4 Execution, Expect Broad Based Recovery: Axis Securities
BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset…
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A City Tailor-Made for Self-Driving Cars? Toyota Is Building One
(Bloomberg) — In late February, Toyota Motor Corp. President Akio Toyoda gathered with a handful of Shinto priests in a white tent at…
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SBI Cards Q4 Review – Business Momentum Moderates In Covid 2.0: Axis Securities
BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset…
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A Graying China May Have to Put Off Retirement. Workers Aren’t Happy.
For Meng Shan, a 48-year-old urban management worker in the Chinese city of Nanchang, retirement can’t come soon enough. Mr.…
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Draghi Bets 261 Billion Euros to Redesign Italy’s Economy
(Bloomberg) — Prime Minister Mario Draghi has just a few days to refine what he calls a “historic” plan to…
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Rupee And Bond Update – April 27, 2021: Reliance Securities
BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset…
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Covid-19 Second Wave: Electricity Demand Shows Early Signs Of Faltering
Daily electricity generation has seen some downside, perhaps reflecting the compounding impact of complete lockdowns in Maharashtra and Delhi, said…
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Modi’s Sprawling Delhi Makeover Fuels Anger in Virus-Hit India
(Bloomberg) — Prime Minister Narendra Modi is rebuilding part of New Delhi, but the mammoth undertaking is drawing fire because it’s estimated to cost billions at a…
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Cash Is Still King Despite Digital Payments Gaining Traction In India: RBI Survey
Cash remained the most preferred mode of transactions even as digital payments gathered pace in a country of more than…
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Indian States Banking Barometer Series – Tamil Nadu – A Credit Centric Market: ICICI Securities
BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset…
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RBI’s New Bank CEO Rules: How Long Does Uday Kotak Get To Stay?
It was in June 2020 that the Reserve Bank of India first proposed, in a discussion paper, that it would…
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Aviation Update – Steep Fall In Daily Average Flier Count On Expected Covid-19 Impact: ICICI Securities
BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset…
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RBI Caps Private Bank CEO Tenure At 15 Years
In a move that will have an impact on governance protocols at universal private lenders and small finance banks, the…
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Liberals to unveil federal budget on April 19
Breadcrumb Trail Links News Economy First budget in two years Author of the article: Steve Scherer, Reuters Publishing date: Mar…
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Blue cities and red states need to work together to rebuild after COVID-19
In recent years, tensions between many U.S. cities and the states that house them have intensified amid rising political polarization.…
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Total Suspends Mozambique LNG Indefinitely on Security Threat
French energy giant Total SE suspended its $20 billion liquefied natural gas project in Mozambique indefinitely after an escalation of…
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ICICI Bank – Strong Business Performance Continues In Q4: Axis Securities
BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset…
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Filatex India – All-Time High Spreads Aid Strong Q4 Margin Performance: ICICI Direct
BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset…
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India Gains Aid Pledges: H.K.-Singapore Bubble: Virus Update
The U.S. has joined European countries in offering help to India as the South Asian nation fights to stem the…
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Oscar Breakdown: ‘Nomadland’ Picks Up Biggest Academy Awards
(Bloomberg) — “Nomadland” won the Oscar for best picture, delivering a win to Walt Disney Co.’s Searchlight studio, but “The…
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Rupee And Bond Update – April 26, 2021: Reliance Securities
BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset…
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Localised Lockdowns Cannot But Impinge On Economic Activity: Nirmal Bang
BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset…
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Bitcoin Hits Lowest Since Early March Before Retaking $50,000
(Bloomberg) — Bitcoin fell to the lowest in seven weeks on Monday as it continued to struggle with the $50,000…
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