Inflation soars again in June, PCE shows, as shortages plague the U.S. economy

Inflation soars again in June, PCE shows, as shortages plague the U.S. economy

The numbers: Inflation in the U.S. rose sharply again in June and the increase over the past year remained at a 13-year high, raising the cost of living for consumers and casting a shadow over a strong economic recovery. The so-called PCE price index rose a sharp 0.5% in June, government figures show. It was

WATCH LIVE: Amazon bringing 1,000 jobs to Davenport? City to announce major economic project | Business & Economy

WATCH LIVE: Amazon bringing 1,000 jobs to Davenport? City to announce major economic project | Business & Economy

Construction of a proposed 2.9 million-square-foot distribution center along 155th Avenue immediately north of Interstate 80 and west of the Davenport Municipal Airport is already underway. The city of Davenport and the Quad Cities Chamber of Commerce will announce a major economic development project at a press conference Wednesday, according to a city media advisory. It

What America’s Startup Boom Could Mean For The Economy : Planet Money : NPR

What America’s Startup Boom Could Mean For The Economy : Planet Money : NPR

Back in November, the Planet Money newsletter reported that — despite a deadly pandemic and an ugly recession — America was seeing a boom in the creation of new startups. We spoke with University of Maryland economist John Haltiwanger, one of the leading scholars of business formation. Now Haltiwanger has a new study out, and

The red hot housing market is slowing down the economy: Morning Brief

The red hot housing market is slowing down the economy: Morning Brief

This article first appeared in the Morning Brief. Get the Morning Brief sent directly to your inbox every Monday to Friday by 6:30 a.m. ET. Subscribe Thursday, June 24, 2021 Supply can’t meet demand, housing edition We’ve periodically checked in on the housing market at The Morning Brief over the last year, and the story