US Business

An official gauge of Chinese factory activity slipped in May on weaker export demand and higher commodity prices, while the country’s nonmanufacturing sector was bolstered by stronger construction and holiday spending.

The U.S. employment report on Friday highlights this week’s economic data.

Transportation Secretary Pete Buttigieg is calling for “clear direction” in the discussions by next week, as Democrats consider going forward on the $1.7 trillion package without Republican votes.

Friday’s jobs report could provide pivotal data as the Fed charts a plan for ending the easy-money policies that have propped up the economy and markets for more than a year.

Pizza chains like Domino’s pioneered speedy food delivery, but they are split on working with apps like DoorDash and Uber Eats.

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.

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

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.

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.