The US unemployment system continues to suffer from post-pandemic 3-year delays

People wait in line to attend the job fair at SoFi Stadium on September 9, 2021 in Inglewood, California. Patrick T Fallon | Afp | Getty Images These days, the unemployment system in the United States is somewhat of an anomaly. Nearly three years after the Covid-19 pandemic caused the worst unemployment crisis in the … Read more

Why desalination won’t save countries dependent on Colorado River water

The Colorado River winds around Horseshoe Bend at Glen Canyon National Recreation Area in Page, Arizona. Rona Wise | Afp | Getty Images Countries that rely on the increasingly drought-stricken Colorado River are looking toward desalination as a way to repair the river’s deficit and boost water supplies across the western United States. The search … Read more

What is a rolling recession and are we in it? Expert explanation

By most measures, the US economy is in solid shape. Although the first half of 2022 started with negative growth, a strong labor market and resilient consumerism helped turn things around and give hope for the year ahead. Related investment news Gross domestic product, which measures the overall health of the economy, rose more than … Read more

5 things to know when filing season opens

Damercodec | E + | Getty Images This is an excerpt from the Personal Finance Team’s weekly Twitter space, “This Week, Your Portfolio.” Check out the latest episode hereand continuing every Friday at 11 a.m. ET. Tax season started on January 23rd. The IRS expects taxpayers to file more than 168 million returns, most of … Read more

India is a real bright spot in the midst of a global downturn: CEOs

With the 2023 World Economic Forum in Davos dominated by discussions of economic growth, or the lack thereof in most developed countries, one country is often cited as a bright spot. Bank of Japan Governor Haruhiko Kuroda said in the closing session of the event that India is doing “extremely well,” while highlighting acute challenges … Read more

As recession fears loom, here’s what to do with your money to prepare

A woman shops for chicken at a supermarket in Santa Monica, California, on September 13, 2022. Abu Gomez | AFP | Getty Images For those who fear a recession, the only question is when. In fact, many economists and CEOs expect a recession on the horizon this year Related investment news A recession is traditionally … Read more

Intel (INTC) earnings in the fourth quarter of 2022

Pat Gelsinger, CEO of Intel Corporation, testifies during a Senate Commerce, Science and Transportation hearing on semiconductors titled Developing Next Generation Technology for Innovation, in the Senate Russell Office Building on Wednesday, March 23, 2022. Tom Williams | CQ-Roll Call, Inc. | Getty Images Intel Shares fell as much as 9% in extended trading Thursday … Read more

Stocks, data, earnings and news

US gross domestic product rose 2.9% in the fourth quarter, more than expected even as recession fears loom Johnnie Walker maker Diageo beat first-half sales estimates Diageo, the world’s largest spirits maker, beat sales forecasts for the first half of the year because it raised prices and more people drank its premium spirits. “Every region … Read more

The Covid wave in China increases consumer interest in health insurance

Chuiyangliu Hospital, pictured in January 2023 in Beijing, has in the past few years finished renovations that have allowed daily patents to increase sixfold to 5,000 per day, according to official estimates. Yin Hun Chau | CNBC BEIJING — Health, sports and wellness top the shopping list for anyone in their late 20s or older … Read more

Americans lack emergency savings amid ‘dangerous scenario’

Suze Orman speaks during the AOL BUILD Speaker Series at AOL Studios in New York. Jenny Anderson | WireImage | Getty Images An unexpected bill is not convenient at all. But there are more reasons now that an unexpected event–such as a car repair or medical expense–could put Americans on a precarious financial footing. Blame … Read more