By Nathalie Voit More than a dozen states and several environmental groups are suing the United States Postal Service (USPS) over its decision to purchase thousands of gas-powered vehicles for modernizing the agency's outdated delivery fleet. Attorneys general from 16 states and the District of Columbia filed a lawsuit on April 28 in San Francisco, contending the [...]
By Nathalie Voit To the dismay of some of his Democratic colleagues, President Joe Biden said on April 28 that he is not considering forgiving $50,000 per borrower in federal student loans. "I am considering dealing with some debt reduction. I am not considering $50,000 debt reduction," Biden said in remarks at the White House on Thursday. [...]
By Nathalie Voit Most Americans believe students should have access to effective financial education during high school, according to a recent poll from the National Endowment for Financial Education (NEFE) published on April 25. The survey results found that 88% of U.S. adults believe a semester- or year-long financial education course should be mandated by states for [...]
By Nathalie Voit Inflation continues to fuel low confidence in the economy for many Americans, Gallup said in its latest poll. According to Gallup's Economic Confidence Index (ECI), which rates Americans' views on the economy on a scale of -100 to 100, an overwhelming majority of U.S. adults rate current economic conditions as fair or poor (80%). [...]
By Nathalie Voit Inflation continues to take its toll on small business owners, said the National Federation of Independent Businesses (NFIB) in its latest survey. When NFIB polled 540 small business owners about the impact of inflation on their business, the results revealed ongoing frustration among employers continuing to grapple with rising input costs. Nearly 7 [...]
By Nathalie Voit A greater share of companies in the U.S. are granting staff an equity stake in their business to acquire and retain top talent, according to a survey conducted by nonprofit equity compensation group Global Equity Organization (GEO). The survey results showed that as much as one-quarter of North American companies plan to [...]
By Nathalie Voit The country is heading toward a major recession, Deutsche Bank said in its latest report. In a letter written to clients on April 26 and confirmed by CNN, Deutsche Bank warned of a deeper economic downturn than the one it had initially forecast earlier this month. “We will get a major recession,” Deutsche Bank economists [...]
By Nathalie Voit Home prices surged nearly 20% in the twelve months ending in February, new data released on April 26 from S&P and CoreLogic found. National home prices in February rose to 19.8% from 19.1% in January, according to the S&P CoreLogic Case-Shiller National Home Price index. February’s reading was the third highest in the index’s 35-year [...]
By Nathalie Voit A new report from the Federal Reserve Bank of San Francisco found that states that prematurely ended enhanced unemployment insurance (UI) benefits implemented during the pandemic did not experience greater job growth than states that kept them. Researchers compared labor market outcomes between states that eliminated enhanced UI benefits in the first half of [...]
By Nathalie Voit Meta, formerly known as Facebook, is opening its first retail location for all things “metaverse”-related on May 9, the company announced on April 25. The store is meant to make it easier for people to try out all of the company’s hardware products and get a better sense of what the metaverse is all [...]
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