Tag Archives: Economy

President Joe Biden signed an executive order on Friday aimed at promoting competition across the U.S. economy — including measures that target big tech companies, aim to lower prices for consumers and call for greater scrutiny of mergers across industries.  “The heart of American capitalism is a simple idea: open and fair competition,” said Biden before signing the order. “Capitalism without competition isn’t capitalism. It’s exploitation. Without healthy competition big players can… Source link

The U.S. economy added back jobs for a sixth straight month in June, with job growth picking up speed alongside the reopening economy.  The U.S. Labor Department released its June jobs report Friday morning at 8:30 a.m. ET. Here were the main metrics from the report, compared to consensus estimates compiled by Bloomberg: Change in non-farm payrolls: 850,000 vs. 720,000 expected and an upwardly revised 583,000 in May Unemployment rate: 5.9% vs. 5.6% expected and 5.8% in May  Average hourly… Source link

This article first appeared in the Morning Brief. Get the Morning Brief sent directly to your inbox every Monday to Friday by 6:30 a.m. ET. Subscribe Thursday, June 24, 2021 Supply can’t meet demand, housing edition We’ve periodically checked in on the housing market at The Morning Brief over the last year, and the story has, in general, been consistent.  Home prices are rising amid a surge in demand, while low interest rates enable buyers to afford more house.  But cracks in the housing market… Source link

MOSCOW, June 9. /TASS/. The Russian internet company Yandex has filed a lawsuit against the Federal Antimonopoly Service (FAS) with the Moscow Arbitration Court to declare the regulator’s decisions and actions in the case of search promotion tools illegal. This is according to the court’s files. “We are ready to openly explain our position and proposal on enhanced results to the market as part of the requirements specified in the FAS warning. Therefore, Yandex initially petitioned for… Source link

The May fell short of lofty expectations, adding fewer jobs than economists expected and underscoring the challenges the U.S. economy faces in trying to reboot the workforce after COVID-19 lockdowns. Small businesses are no exception. by the National Federation of Independent Business (NFIB) found that a record-high 48% of small business owners in May had unfilled job openings. Additionally, 34% of owners reported having to hike pay the highest reading in the past 12 months, and 22% more… Source link

As economic activity bounces back and the labor market continues to improve, RSM Chief Economist Joe Brusuelas told Yahoo Finance Live the U.S. economy is “entering boomtown.” “I think we’re about to pivot from recovery to expansion in the economy,” Brusuelas said. “It’s appropriate that members of the Federal Reserve begin to signal to markets that things are not going to be the same forever. It’s appropriate [for the Fed] to begin to think about tapering the pace of asset… Source link

Federal Reserve Bank of New York President John Williams said Thursday that he would like to see the U.S. economy make more progress before the central bank pulls back on its aggressive monetary stimulus. “We’re still quite a ways off from maintaining the substantial further progress we’re really looking for in terms of adjustments to our asset purchase program,” Williams told Yahoo Finance in an exclusive interview. But Williams added that the Fed should begin to be mindful of how the… Source link

ST. PETERSBURG, June 3. /TASS/. Russia’s digital services provider Rostelecom and IT giant Yandex will present joint cloud services for business and the public sector, according to the joint message of the companies. According to the statement, the partnership between the two companies includes joint development and implementation of solutions using the Yandex.Cloud platform and Rostelecom services for clients in the corporate and government segments. All services will comply with the… Source link

With the U.S. labor market likely to bounce back strongly this summer from a surprisingly tepid April showing, the risks of an overheating economy remain on the rise.  “I do think there is a very good chance it [economy] will overheat,” said Jefferies Chief Financial Economist Aneta Markowska on Yahoo Finance Live. “I expect us to reach a roughly 3% unemployment rate by the end of next year.” As Yahoo Finance’s Brian Cheung explains in the latest edition of Yahoo U, there is no official… Source link

MOSCOW, May 31. /TASS/. Yandex will buy and then integrate online clothing store KupiVIP into Yandex.Market, the company said in a statement. According to the statement, the deal will allow Yandex.Market to accelerate its entry into the clothing, footwear, and accessories market thanks to its well-established infrastructure, supplier base and long-term experience of the KupiVIP team. It was noted that at first Market and KupiVIP will work and develop in parallel, but gradually the services… Source link