Economy

2020 took all of us on a chaotic roller-coaster ride, and many people in our communities are scared, broken, hurting, and hungry.

Two years after Amazon pulled out from a proposal to build a massive headquarters along the Queens waterfront, the site is a vacant eyesore — and, to many locals, the squandered economic opportunity is even more painful amid the coronavirus pandemic.

Just 11 days after Hewlett Packard Enterprise, announced it was moving its headquarters California to Texas, Oracle announced that its headquarters had moved to Austin, Texas from Redwood City, California.

Housing is one of the strongest parts of the U.S. economy, which is fighting to come back from a coronavirus-induced slowdown.

Judging from the liberal news media's collective primal scream in recent days, you would think the American economy was lying flat on its back in the intensive care unit.

Senate Majority Leader Mitch McConnell in comments on the Senate floor Friday morning dug in on Republicans' demand that Democrats drop funding for state and local governments from any coronavirus relief bill.

British trucking firms, supermarkets and other businesses on Friday implored the government to strike a last-minute trade deal with the European Union, as the two sides’ leaders told their citizens to brace for New Year upheaval in the U.K.-EU trading relationship.

After several days of increasing optimism about the prospect that Congress could come to an agreement on a coronavirus stimulus bill, talks appeared on the edge of falling apart Thursday as Senate Majority Leader Mitch McConnell and Democrats are stuck on the point of federal aid for state governments. 

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“I think there might be too many MBAs running companies,” Musk said during a Wall Street Journal CEO summit this week, referring to master of business administration degrees. “There’s the MBA-ization of America, which I think is maybe not that great.”

Big corporations are kissing California goodbye for states that are more business friendly.

The oil market is starting to price in the possibility of a new sheriff in town: Biden.

The European Central Bank has added another half-trillion euro ($600 billion) dose of stimulus as a winter wave of rising COVID-19 infections shuts down large swathes of the economy ahead of Christmas, the region's most important holiday.

China's Civil Aviation Administration is recommending that crews aboard charter flights to coronavirus hotspots wear disposable diapers rather than using the restroom on the plane.

The number of Americans filing for first-time unemployment benefits rose more than expected last week amid a surge in COVID-19 infections and governments ordering stricter measures to help slow the spread of the virus.