The U.S. Transportation Department said Tuesday it had launched a $3 billion aviation manufacturing payroll subsidy program to pay up to half of compensation costs for up to six months.
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Key inflation indicator records biggest jump on record
Another key inflation indicator flashed a warning sign in May: Producer prices jumped a record amount last month.
Read More »Airline stocks have soared. They’re not in the clear yet
Air travel in the United States is back. That's great news for airline stocks, which have rallied this year on hopes that domestic trips would make a return.
Read More »Delicate task for Fed: When to pull back on low-rate support
With inflation rising in a fast-rebounding economy, the Federal Reserve is poised this week to discuss when it will take its first steps toward dialing back its ultra-low interest rate policies.
Read More »Thinner Mints: Girl Scouts have millions of unsold cookies
The Girl Scouts have an unusual problem this year: 15 million boxes of unsold cookies.
Read More »AMC jumps more than 18%, other ‘meme stocks’ mixed
Shares of AMC Entertainment Holdings shot higher on Monday, setting the stage for another week of roller-coaster trading in shares of the theater chain operator and other retail investor favorites.
Read More »U.S. remains far ahead of global pack in finance, says study
The United States remains the world's dominant financial centre, well ahead of nearest rival Britain, whose lead over Frankfurt and Paris so far easily outweighs the hit from Brexit, a study from New Financial think tank said on Thursday.
Read More »GameStop lures Amazon talent with grand plans and no frills
GameStop Corp Chairman Ryan Cohen made a point of doing away with corporate excess such as a company plane and used the allure of rebuilding the videogame retailer to recruit Amazon.com Inc's Australia chief Matt Furlong as chief executive, according to people familiar with the process.
Read More »Why can’t companies find workers? Spurred by COVID-19, many are launching new businesses
Worker shortages that are slowing the recovery from the COVID-19 recession largely have been blamed on generous unemployment benefits and people caring for kids and sick relatives.
Read More »US unemployment claims fall to 376,000, sixth straight drop
The number of Americans applying for unemployment benefits fell for the sixth straight week as the U.S. economy, held back for months by the coronavirus pandemic, reopens rapidly.
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