US Service Sector Growth Surges in May
Growth in the services sector, where most Americans work, hit an all-time high in May as people flock to bars, restaurants and other venues across the country that now have fewer or no capacity restrictions.
Growth in the services sector, where most Americans work, hit an all-time high in May as people flock to bars, restaurants and other venues across the country that now have fewer or no capacity restrictions.
The number of Americans seeking unemployment benefits fell last week for a fifth straight week to a new pandemic low, the latest evidence that the U.S. job market is regaining its health as the economy further reopens.
Twitter is rolling out a subscription service, starting in Canada and Australia, that offers perks like an undo button for subscribers.
The drought in the western United States is putting California’s reservoirs at dangerously low levels.
The Federal Reserve says it will start selling off the holdings of one of its emergency lending programs created last year to stabilize financial markets at the height of the pandemic crisis.
German carmaker Volkswagen has launched a five-year project on the small Greek island of Astypalea to test the adoption of electric vehicles in areas switching to sustainable energy generation.
Amazon said Wednesday that it will hold its annual Prime Day over two days in June this year, the earliest it has ever held the sales event.
The Biden administration has suspended oil and gas leases in Alaska’s Arctic National Wildlife Refuge.
U.S. construction spending rose a modest 0.2% in April as strength in housing offset further weakness in nonresidential construction.
Growth in U.S. manufacturing picked up in May, even as supply chain problems persist and businesses continue to struggle to find workers.