The numbers: Orders for long-lasting goods fell in July for only the second time in 15 months, but the weakness was mostly in new airplanes. Demand was strong in other parts of the economy despite widespread shortages of labor and materials. Orders for durable goods slipped 0.1% last month, the government said Wednesday. Economists polled...Read More

The Indian rupee declined 5 paise to 74.24 against the US dollar in opening trade on Wednesday, tracking the firm American currency. At the interbank foreign exchange, the rupee opened at 74.20 against the dollar, then fell further to 74.24, registering a fall of 5 paise over its previous close. On Tuesday, the rupee had...Read More

WASHINGTON — House Democrats voted Tuesday to move forward with President Joe Biden’s top legislative priorities after resolving a standoff between leadership and centrist rebels, who threatened to block the multitrillion-dollar safety net expansion. The House voted 220 to 212 to pass the “rule” and instruct committees to write the $3.5 trillion bill, which can...Read More

The US dollar is undoubtedly the world’s “global currency.” Not only is it the most recognized of all the world’s currencies, but it’s also one of the most powerful. Forex traders across the world keep a close eye on the movements of the US dollar, and that goes for whether they are trading the greenback...Read More

General view inside the Pondok Indah shopping mall as the Indonesian capital reopens its shopping malls with a new policy requiring shoppers to show a coronavirus disease (COVID-19) vaccination certificate, in Jakarta, Indonesia, August 13, 2021. REUTERS/Ajeng Dinar Ulfiana Delta variant, slow vaccination catch much of region off-guard Asia q/q profit likely 1st fall in...Read More

FALLING WATERS, W.Va. (WDVM) — It’s called the dollar store boom: Dollar General, Dollar Tree, Family Dollar — they seem to be everywhere. With the pandemic over the past year, they have become increasingly popular since so many in the workforce lost their jobs or had their hours cut back. With so many households now...Read More

The U.S. economic expansion is losing momentum. Softening demand at a time of rising Covid-19 cases, labor shortages and persistent knots in shipping networks are restraining businesses in the U.S. and across the globe, according to private-sector surveys released Monday. The biggest shifts are occurring in the U.S., which has helped drive the global economic...Read More

A commercial business closed in Sydney on August 13, 2021, during the city’s COVID-19 lockdown. Photograph: Rick Rycroft/AP Good morning, and welcome to our rolling coverage of the world economy, the financial markets, the eurozone and business. Is the post-pandemic growth rebound running out of steam this month, as the Delta variant hits economies around...Read More

Despite its flaws and limitations, Stigler’s seminal article on the theory of economic regulation offers important lessons. George Stigler’s article “The Theory of Economic Regulation”—which celebrates its 50th anniversary this year—is one of the most influential political economy accounts of regulation. More than perhaps any other article, it shifted the prevailing explanation for regulation from...Read More

Residents will soon have the chance to comment on new office developments on Rodd Street and rezoning for a Dollar General, along with tuning in to a discussion on the city’s master planning process. At 6 p.m. on Tuesday, Aug. 24, the Midland Planning Commission will meet at City Hall to have a workshop discussion...Read More