Stimulus Spending Drove Poverty Lower Again in 2021, Census Bureau Reports
A measure that accounts for all federal subsidies showed that fewer people experienced severe economic hardship, while health insurance coverage rose.
Price Pressures Remain Stubbornly High
Inflation did not ease as expected in August, with an 8.3 percent rise in the Consumer Price Index showing that the squeeze on consumers remains acute.
Twitter Whistle-blower Is Set to Testify in Washington
Elon Musk’s legal team will follow closely the testimony of Twitter’s former head of security, Peiter Zatko, before the Senate Judiciary Committee.
A $100 Million Bet on Finding the Next ‘Mr. Beast’
Reed Duchscher, the manager of the YouTube megastar “Mr. Beast,” is teaming up with the investment firm TCG to bankroll businesses led by online creators.
King Charles Inherits Riches, and Passes Off His Own Empire
As prince, Charles used tax breaks, offshore accounts and canny real estate investments to turn a sleepy estate into a billion-dollar business.
‘Succession’ Wins Top Drama at Emmys
It was the sixth time in eight years that HBO has taken the television industry’s biggest prize for a recurring series. “Ted Lasso” won best comedy.
Strike Threat on Freight Railroads Is New Supply Chain Worry
Administration officials are pushing for a settlement to head off a walkout by tens of thousands of workers on Friday.
There’s a New Cop on the Banking Beat: Chief Climate Risk Officer
The Office of the Comptroller of the Currency, which oversees big banks, hired a chemical engineer to review the risks climate change poses to banks.
Yellen to Visit IRS Facility
The Treasury secretary will deliver a speech to staff laying out the modernization plans.
Goldman Sachs Prepares for Layoffs as Deal-Making Slows
The bank reported in July that its profit had fallen because of shakier economic conditions.