Amid an economy inflated from massive government handouts and supply chain disruptions, U.S. gross domestic product (GDP) increased at a 6.5 percent annual rate in the second quarter of 2021, falling significantly short of federal projections. The Commerce Department’s report released Thursday indicated U.S. GDP did not surge from April to June after the first […]
National Economic Council Director Brian Deese discusses the Delta variant’s impact on US economic recovery and the expiring eviction moratorium. National Economic Council Director Brian Deese on Sunday said that he sees “durable momentum in the economy” despite the spread of the COVID-19’s highly transmissible delta variant. Deese appeared on “Fox News Sunday” to address the […]
PRAIRIE GROVE — Residents wanting to open home-based businesses will be able to apply for a business permit administratively in the future, instead of requesting a conditional use permit from the planning commission. The business must meet criteria to qualify as a home occupation, and the owner will be required to follow all the regulations […]
MANUFACTURING Waltham’s PerkinElmer buys San Diego’s BioLegend for $5.3 billion PerkinElmer has agreed to buy San Diego’s-based BioLegend, a manufacturer of antibodies and chemical reagents used by researchers, for about $5.3 billion, the largest transaction in the Waltham-based firm’s history. The local maker of diagnostics, lab equipment, and software said it is acquiring BioLegend to […]
The U.S. government has grappled for nearly a decade over what to do with immigrants who arrived illegally as children with their parents, and that debate shows no signs of abating. Without legal status, these nearly two million young people who entered the country illegally in the last twenty-three years cannot be legally employed, obtain […]
HAMPTON, Va. – Hampton Firefighters responded to a fire at a business on Mercury Boulevard on Saturday. Crews are currently on the scene of Apple Tree, a beauty supply store located at 4009 W Mercury Boulevard. They say the fire is still active but under control. No injuries were reported and the cause of the […]
by Xinhua writer Liu Lina, Ni Yuanshi BEIJING, July 31 (Xinhua) — As a consequence of COVID-19, the world is undergoing the worst economic recession in decades and globalization is becoming fragile. Building resilient globalization requires new international cooperation, in which China will continue to play a constructive role, experts said in a recent forum […]
Economist Steve Moore says that crypto assets such as Bitcoin are a threat to the dollar and have advantages over central bank digital currencies (CBDCs). In a recent interview with Kitco News, Moore says that although he doesn’t think the US dollar will lose its reserve currency status in his lifetime, he believes that crypto […]
At the start of June, Adam Griggs, the manager of Soft Shoe, was taking a much-needed vacation when his friend, Matt Browning, texted him about starting a podcast about owning a small business. “I’m 18% serious,” Browning, the owner of Surge, said. “That’s a great idea, and I’m 20% serious,” Griggs replied. Five weeks flew […]
Hurray. The U.S. economy has revived so quickly that it’s now larger than it was before the pandemic. But it’s still no time to celebrate. After a sizzling 6.5% rate of annualized growth in the spring, the size of the economy surpassed its pre-coronavirus peak. And it happened a lot faster than virtually anyone would […]
