by Troy S. Mason | May 9, 2020 | Business News
While the April jobs report released Friday was catastrophic by any measure, labor economists say the data reveals the economic fault lines that put America’s poorest and least-educated workers at risk of falling through the cracks. The Bureau of Labor Statistics recorded a loss of 20.5 million jobs in April that drove the unemployment rate […]
by Troy S. Mason | Apr 29, 2020 | Business News
The coronavirus pandemic has slammed into the economy so hard the nation’s GDP has fallen by 4.8 percent, bringing the longest economic expansion on record to an abrupt halt. Gross domestic product, which measures the output of goods and services, sank by 4.8...
by Troy S. Mason | Apr 2, 2020 | Business News
A record 6.6 million Americans filed for unemployment benefits last week, the latest brutal reminder of the toll the coronavirus pandemic is taking on the U.S. economy. Analysts had predicted a jobless claims total of anywhere between 3 million and 6 million, after...
by Troy S. Mason | Mar 17, 2020 | Business News
Apple was fined 1.1 billion euros ($1.23 billion) for anti-competitive behavior Monday by the French antitrust authorities. The French competition authority said the iPhone maker was guilty of cartels within its distribution network and abusing the economic dependence...
by Troy S. Mason | Mar 14, 2020 | Business News
The country’s volatile stock market has a silver lining for homeowners — record low rates. Wall Street investors buying up bonds and Treasury bills have caused mortgage rates to drop dramatically. The current rate for a 30-year fixed mortgage is 3.47 percent, a...
