President Joe Biden celebrated Friday’s strong monthly jobs report, saying the U.S. economy is ‘on the move’. “This is historic progress, pulling our economy out of the worst crisis in 100 years, driven in part by our dramatic progress in vaccinating our nation and beating back the pandemic as well as other elements of the…

United Airlines announced the purchase of 270 new Boeing and Airbus aircraft Tuesday, marking the biggest order by an airline in the last decade and the largest order in United’s history. Analysts told the Associated Press the deal would be worth more than $30 billion before discounts, but United has not disclosed any purchase prices. The…

WASHINGTON (AP) — President Joe Biden announced on Thursday that “we have a deal,” signaling a bipartisan agreement on a $953 billion infrastructure plan that would achieve his top legislative priority and validate his efforts to reach across the political aisle. Biden made a surprise appearance in front of the cameras with members of the…

WASHINGTON (AP) — Federal Reserve Chair Jerome Powell said Tuesday that he expects recent price spikes will soon subside and reduce inflation to a sustainable level. Consumer prices jumped 5% in May compared with a year earlier, the largest increase in 13 years. But Powell said the increase mostly reflected temporary supply bottlenecks, and the…

Britain’s Queen Elizabeth, Canada’s Prime Minister Justin Trudeau and Britain’s Prime Minister Boris Johnson attend a drinks reception on the sidelines of the G7 summit, at the Eden Project in Cornwall, Britain June 11, 2021. Jack Hill/Pool via REUTERS LONDON (AP) — Imagine trying to make an impression on someone who’s met, well, almost everyone.…

CARBIS BAY, England (AP) — Leaders from the Group of Seven industrialized nations are set to commit at their summit to sharing at least 1 billion coronavirus shots with struggling countries around the world — half the doses coming from the U.S. and 100 million from the U.K. Vaccine sharing commitments from U.S. President Joe…

WASHINGTON (AP) — American consumers absorbed another surge in prices in May — a 0.6% increase over April and 5% over the past year, the biggest 12-month inflation spike since 2008. The May rise in consumer prices that the Labor Department reported Thursday reflected a range of goods and services now in growing demand as…

(Reuters) – A poverty-fighting measure included in the COVID-19 relief bill passed this year will deliver monthly payments to households including 88% of children in the United States, starting in July, Biden administration officials said on Monday. The Democratic-backed American Rescue Plan, signed into law by President Joe Biden in March as a response to…

CARBIS BAY, England (AP) — Leaders from the Group of Seven industrialized nations are set to commit at their summit to sharing at least 1 billion coronavirus shots with struggling countries around the world — half the doses coming from the U.S. and 100 million from the U.K. Vaccine sharing commitments from U.S. President Joe…

WASHINGTON (AP) — U.S. employers added a modest 559,000 jobs in May, an improvement from April’s sluggish gain but still evidence that many companies are struggling to find enough workers as the economy rapidly recovers from the pandemic recession. Last month’s job growth was above April’s revised total of 278,000, the Labor Department said Friday,…