Economy

More than a dozen states are cutting off federal unemployment benefits for workers, affecting roughly 2 million people. Here’s what is happening and why.

The major averages still posted modest losses for the week as inflation fears hit sentiment.

The bipartisan infrastructure deal that President Joe Biden hopes to reach with Republicans gained steam this week.

Chipotle CEO Brian Niccol said the current labor market is among the most challenging he’s seen in his career in the restaurant industry.

The Greek government has a message to lure mainly northern Europeans, who are desperate for some warmer weather and a holiday: “All you want is Greece.”

Almost 2 million people will see a loss or reduction in jobless benefits due to state withdrawal from federal unemployment programs.

U.S. restaurants and stores are rapidly raising pay in an urgent effort to attract more applicants and keep up with a flood of customers as the pandemic eases.

John Katko (R-N.Y.) explains what needs to be done to better secure U.S. infrastructure in the wake of the ransomware cyberattack on Colonial Pipeline.

President Joe Biden met Thursday with a group of senior Republican senators to discuss the prospects of a bipartisan infrastructure bill.

Biden warns against panic buying as Colonial Pipeline slowly comes back online, tells fuel providers not to “take advantage of consumers.”

On Thursday, PayPal announced it would acquire Happy Returns for an undisclosed amount.

Colonial Pipeline has restarted operations, but gas prices are rising as the fallout from the ransomware attack mounts.

“We have to get off of this sugar-cane and Fluffernutter economy and get to the meat-and-the-potatoes economy,” Barry Sternlicht told CNBC.

The concentration of price pressures in a handful of categories means markets shouldn’t yet be worrying about inflation after Wednesday’s U.S. surprise, economists have told CNBC.

The PPI spiked 6.2% for the 12 months ended in April, the largest increase since the Bureau of Labor Statistics started tracking the data in 2010.

U.K. tourists were quick to jump on the opportunity to book a vacation in Portugal.

China’s once-a-decade census released on Tuesday showed its mainland population grew to 1.41 billion people as of Nov. 1, 2020, the slowest growth rate since the 1950s.

A former NSA hacker argues why he thinks Russian President Vladimir Putin is connected to the cyberattack on Colonial Pipeline.

The Colonial Pipeline has restarted operations, after the system shut down on Friday in the wake of a ransomware attack.

As the economy picks up in the wake of the pandemic, so will inflation. Here’s how to prepare for rising costs.