US unemployment claims rise by 28,000, but still low at 222,000

U.S. unemployment claims climbed by 28,000 last week to 222,000, even though the U.S. job market has been rebounding from the coronavirus recession.

Powell says Federal Reserve may accelerate pullback in economic support

Chair Jerome Powell said that the Federal Reserve will consider acting more quickly to dial back its ultra-low-interest rate policies to counter higher inflation.

Biden to discuss plans to alleviate supply chain woes, inflation ahead of holidays

Rising inflation is leading to price increases for millions around the world, forcing people to choose between digging deeper into their pockets or tightening their belts.

White House blames pandemic for soaring inflation, Biden's low polling

Inflation is soaring, businesses are struggling to hire and President Joe Biden’s poll numbers have been in free fall. The White House sees a common culprit: COVID-19.

Stocks sink on new COVID variant; Dow loses 1,000 points

A day after the Stock Market was closed for Thanksgiving, news of a new COVID-19 variant sent stocks falling, with the Dow losing 1,000 points.

City of Dripping Springs extends development moratorium for 90 days

Until Feb. 20, 2022, city departments will only accept applications or plans that include a request for a waiver or exception, or for projects where an exception or waiver has already been approved.

Unemployment benefits claims hit 52-year low after seasonal adjustments

Seasonal adjustments around the Thanksgiving holiday contributed significantly to the bigger-than-expected drop. Unadjusted, claims actually ticked up by more than 18,000 to nearly 259,000.

Dollar Tree doubles down on pricing items over $1

Dollar Tree will charge $1.25 for the majority of its products across all of its locations nationwide by the end of April.

Department of Labor raises federal contract workers’ minimum wage to $15 an hour

The U.S. Department of Labor announced on Monday an increase of the federal minimum wage to $15 an hour for federal contractors, giving a pay bump to hundreds of thousands of workers.

Harris to announce $1.5B investment to fight health care worker shortage

The money, which includes funds from the American Rescue Plan and other sources, will support more than 22,700 providers, marking the largest number of providers enrolled in these programs in history, according to the White House.

US unemployment claims drop seventh straight week to 268,000

U.S. jobless claims dipped by 1,000 last week from the week before to a pandemic low of 268,000, the Labor Department reported Thursday.

Elon Musk sells more shares than necessary to pay current tax bill

Elon Musk is selling more Tesla shares than he needs to pay current tax obligations. Experts say he’s either converting part of his fortune from stock to cash, or he’s saving for bigger tax bills due next year.

Target, Walmart say holiday inventory is up despite supply chain disruptions

Target and Walmart say they are kicking off the holiday season with stocked shelves despite the industry's battle with supply chains and shipping backlogs.

White House expects Biden's spending bill to pass House this week

President Joe Biden’s top economic adviser is confident confidence the White House’s $1.85 trillion domestic policy package will quickly pass the House this week.

US inflation: Economists explain why consumer prices are rising

For months, many economists had sounded a reassuring message that a spike in consumer prices, something that had been missing in action in the U.S. for a generation, wouldn’t stay long.