News
Biden Raises Debt Ceiling
President Joe Biden signed a bill raising the debt limit of the United States by 2.5 trillion, thereby allowing the...
US Keeps Pressure on Chinese Companies
The US Department of Commerce placed 34 Chinese entities on its list of organizations potentially involved in activities contrary to...
Bank Sector Continues to Consolidate: St. Louis Fed
The number of banks in the United States decreased by 70% from 14,496 to 4,377 between 1984 and 2020, according...
KPMG: VC investment reaches record $171 billion in 3Q21
Global venture capital investment reached a record high of $171 billion in 3Q21 up from $93 billion in 3Q20. “3Q21...
Americans Favor Suburbs Post-Pandemic
The proportion of Americans preferring to live in cities declined from 23% to 19% between 2018 and 2021, according to...
Rivian Announces Second Plant
EV car manufacturer Rivian announced it is planning a $5 billion US investment in a manufacturing plant in the state...
CEO Apologizes, Takes Time Off After Mass Zoom Firing
The CEO of real estate finance portal Better.com, Vishal Garg, will be taking time-off effective immediately according to an email...
Port of Long Beach Sees Record Cargo Movement
The Port of Long Beach beat its prior record of processing 8.1 million twenty-foot container equivalent units (TEUs) set in...
First Starbucks Store Unionizes
The employees at a Starbucks coffee shop in Buffalo, New York, became the first the allow themselves to be represented...
Atlanta Fed: Wages up 4.3% in November
The three month moving average of median wage growth in the US was up to levels not seen since the...
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