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Here's one reason people hate this economy, despite low unemployment: A return of the Misery Index
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| This is the best labor market most workers have ever experienced in their lives. So why are so many Americans feeling gloomy about the state of the US economy? Read more » |
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Feds arrest a New York couple and seize $3.6 billion in stolen cryptocurrency
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| A New York couple has been arrested and charged with conspiring to launder $4.5 billion in stolen cryptocurrency funds. Law enforcement officials have seized $3.6 billion of those funds in what US Deputy Attorney General Lisa Monaco called "the department's largest financial seizure ever." Read more » |
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Don't expect grocery store prices to come down anytime soon
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| Grocery store prices will probably stay elevated this year, according to economists at Goldman Sachs, continuing a Covid trend that has contributed to the high cost of living. Read more » |
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Peloton is replacing its CEO and cutting 2,800 jobs
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| Peloton is reportedly replacing embattled CEO John Foley and cutting about 20% of its corporate workforce to help reinvigorate the flailing fitness company. Read more » |
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Frontier and Spirit want to merge. Inflation could get in the way
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| Politicians are under huge pressure to fight inflation as a rapid uptick in prices hits consumers' wallets and offsets wage hikes. Read more » |
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Covid vaccine gives Pfizer sales and profits a big boost
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| Pfizer's sales in the fourth quarter more than doubled, thanks to strong demand for its Covid-19 vaccine. Read more » |
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