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.
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.
Tesla officially moves headquarters from California to Texas
The filing said the relocation from Palo Alto, California, to what Tesla calls a “Gigafactory” on Harold Green Road near Austin was done on Nov 24.
The filing said the relocation from Palo Alto, California, to what Tesla calls a “Gigafactory” on Harold Green Road near Austin was done on Nov 24.
Democrats push Biden to cancel student loans after House passes Build Back Better
Progressive lawmakers are calling on President Biden to cancel student loan debt as some Americans have qualified for forgiveness under borrower defense, total and permanent disability (TPD) discharges and a limited PSLF waiver.
Progressive lawmakers are calling on President Biden to cancel student loan debt as some Americans have qualified for forgiveness under borrower defense, total and permanent disability (TPD) discharges and a limited PSLF waiver.
Supply chain challenges continue for North Texas small businesses
President Biden reported the number of shipping containers sitting for more than eight days is down by more than 40% this month. But that is trickling down slowly to small businesses.
President Biden reported the number of shipping containers sitting for more than eight days is down by more than 40% this month. But that is trickling down slowly to small businesses.
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.
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.
Strong Cyber Monday sales expected but could fall short of 2020 spending
Both Black Friday and Thanksgiving Day online shopping came in below Adobe's prediction. On Black Friday, online sales reached $8.9 billion, down from the $9 billion in 2020.
Both Black Friday and Thanksgiving Day online shopping came in below Adobe's prediction. On Black Friday, online sales reached $8.9 billion, down from the $9 billion in 2020.
North Texas Black Friday shoppers see some higher prices, empty shelves
The day after Thanksgiving typically marks the unofficial beginning of the holiday shopping season, but stores in recent years have put less emphasis on it. This year, many may see higher prices and empty shelves due to the supply chain crisis.
The day after Thanksgiving typically marks the unofficial beginning of the holiday shopping season, but stores in recent years have put less emphasis on it. This year, many may see higher prices and empty shelves due to the supply chain crisis.
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.
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.
Supply chain crisis limiting selection at North Texas liquor stores
North Texas liquor store owners say it might appear they have plenty to choose from, but make no mistake that supply chain issues have them struggling to maintain more than ever before. The issues are leading their suppliers to raise prices, so stores raise prices on customers.
North Texas liquor store owners say it might appear they have plenty to choose from, but make no mistake that supply chain issues have them struggling to maintain more than ever before. The issues are leading their suppliers to raise prices, so stores raise prices on customers.
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.
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.
President Biden aims to do what presidents often can't: Beat inflation
Over the years, American presidents have tried, and mostly floundered, in their efforts to quell the economic and political menace of consumer inflation. Now, President Joe Biden is giving it a shot.
Over the years, American presidents have tried, and mostly floundered, in their efforts to quell the economic and political menace of consumer inflation. Now, President Joe Biden is giving it a shot.
Samsung to build $17B chip manufacturing plant in Taylor
The Taylor factory is set to be 1200 acres larger than the one in Austin. Construction will begin in early 2022 with a target of production start in the second half of 2024.
The Taylor factory is set to be 1200 acres larger than the one in Austin. Construction will begin in early 2022 with a target of production start in the second half of 2024.
North Texans prepare for pain at the pump for Thanksgiving travel
North Texans are definitely feeling the pain at the pump. And while it is not enough to stand in the way of Thanksgiving with family, people say they will have to start making other cuts. And don't expect prices to come down anytime soon as a result of President Biden's move to tap into the strategic oil reserves.
North Texans are definitely feeling the pain at the pump. And while it is not enough to stand in the way of Thanksgiving with family, people say they will have to start making other cuts. And don't expect prices to come down anytime soon as a result of President Biden's move to tap into the strategic oil reserves.
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.
Dollar Tree will charge $1.25 for the majority of its products across all of its locations nationwide by the end of April.
Jerome Powell nominated for 2nd term as Fed chair amid surging inflation
Biden's decision, reached after extensive consideration, strikes a note of continuity and bipartisanship at a time when surging inflation is burdening households and raising risks to the economy's recovery.
Biden's decision, reached after extensive consideration, strikes a note of continuity and bipartisanship at a time when surging inflation is burdening households and raising risks to the economy's recovery.
Build Back Better expands EV tax credit with $12.5K incentive on American-made electric cars
The Biden administration's trillion-dollar spending plan offers enhanced incentives for EV buyers who purchase a car through a domestic automaker.
The Biden administration's trillion-dollar spending plan offers enhanced incentives for EV buyers who purchase a car through a domestic automaker.
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.
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.
Biden signs $1T infrastructure bill into law as Congress debates climate, social bill
The bill includes providing $110 billion to repair the nation’s aging highways, bridges and roads.
The bill includes providing $110 billion to repair the nation’s aging highways, bridges and roads.
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.
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.
Biden administration ‘looking at every tool in arsenal’ to address gas price hike
Energy costs played a large role in the inflation surge, skyrocketing 4.8% from September to October, with the price of gas jumping up 6.1%.
Energy costs played a large role in the inflation surge, skyrocketing 4.8% from September to October, with the price of gas jumping up 6.1%.