Tag Archives: economic indicators

[ad_1] CNN  —  More than $60 billion may have been paid out in fraudulent unemployment insurance benefits during the Covid-19 pandemic, according to a report released Monday by the US Government Accountability Office. The watchdog agency, however, warned that the estimate has limitations and should be interpreted with caution. The …

[ad_1] CNN  —  After years of hearings, reports and stalled proposals, Congress ended 2022 without taking major steps to regulate Big Tech. But a few blocks away in Washington, Jonathan Kanter is just getting warmed up. While the Justice Department’s top antitrust official has yet to file fresh lawsuits against …

[ad_1] Minneapolis CNN  —  The US economy added 223,000 jobs in December, according to the monthly employment report from the Bureau of Labor Statistics, capping a year of extraordinary job growth and marking the second-best year for the labor market in records that go back to 1939. The unemployment rate …

[ad_1] Washington, DC CNN  —  Mortgage rates inched up again last week, after a slight increase the week before interrupted six straight weeks of falling rates. The 30-year fixed-rate mortgage averaged 6.48% in the week ending January 5, up from 6.42% the week before, according to Freddie Mac. A year …

[ad_1] Washington, DC CNN  —  It is almost as if the wild turns in the Manhattan real estate market during the pandemic didn’t happen. Almost. The frenzy to buy apartments in Manhattan took off in 2021 as the city bounced back from the worst of the pandemic. But it nosedived …

[ad_1] Minneapolis CNN  —  The number of available jobs in the United States totaled 10.46 million in November, according to data released Wednesday by the Department of Labor. That’s more than the 10 million total job openings that economists were expecting, according to Refinitiv, and slightly lower than the upwardly …

[ad_1] Hong Kong CNN  —  China’s economy grew at least 4.4% in 2022, according to leader Xi Jinping, a figure much stronger than many economists had expected. But the current Covid wave may hobble growth in the months ahead. China’s annual GDP is expected to have exceeded 120 trillion yuan …

[ad_1] New York CNN  —  Singles are ditching pricey white tablecloth meals for romance in the park or on a walk instead. The high cost of dining out and changes to dating habits during the pandemic have driven singles to seek out more affordable, casual first dates. Singles are spending …

[ad_1] New York CNN  —  Wall Street is bidding goodbye — and good riddance — to 2022. It has been a year most investors would rather forget. Russia’s invasion of Ukraine, snarled supply chains and another year of Covid turned markets on their head this year. Inflation surged around the …

[ad_1] A version of this story first appeared in CNN Business’ Before the Bell newsletter. Not a subscriber? You can sign up right here. You can listen to an audio version of the newsletter by clicking the same link. New York CNN  —  Verbose writers afflicted with the tendency to deliver …