Month: May 2021

President Biden’s budget proposal charts his vision of an expansive federal government role in the economy and the lives of Americans, with big increases in spending on infrastructure, public health and education along with tax increases on corporations and the wealthy.

Consumer spending rose 0.5% in April as Americans extended a spending binge and continued to catch up on activities they held off on during the pandemic, propelling a broad economic recovery.

Remittances, funds that migrant workers send home, are providing a lifeline for poor countries still in the grip of the Covid-19 pandemic.

A 20% tax break for high-income owners of closely held businesses was on President Biden’s chopping block during the campaign, but the deduction went untouched in his budget.

Labor-market recoveries are wrapped up in which states implemented stiff restrictions on businesses during the pandemic and which didn’t, as well as region-specific economic conditions before Covid-19.

The Brazilian soccer star denied a sexual-assault allegation by a Nike employee and said he has proof explaining why his endorsement deal ended.

A potential blockbuster, the drug is the first to treat a common cancer mutation called KRAS that researchers struggled for years to target.

U.S. airline-passenger numbers are forecast to average as many as two million a day through the Memorial Day holiday.

The plane maker paused deliveries as the Federal Aviation Administration requests more information about Boeing’s plans to address previously disclosed production problems.