Economy

Widespread drug shortages are on the way, say experts

Erica Stewart, a stay-at-home mom, is one of the millions of Americans living with Lupus, an autoimmune disorder whereby the immune system attacks healthy cells. Her life and ability to take care of her six children depend on a drug called Plaquenil, the brand name of hydroxychloroquine, a drug that […]

US Manufacturing Takes Its Hardest Hit Since 2009

New orders and employment tumbled in March at the quickest speed since 2009, signaling a tough road ahead for U.S. manufacturers. March’s Institute for Supply Management’s report on business declined to 49.1%, an indication of contraction for the U.S. economy. The index, based on a survey of U.S. manufacturing companies, […]

The missing story in February’s inflation numbers

Consumer prices increased slightly in February due to higher rents and food costs, but prices in the U.S. are expected to slow or even decline in the coming months as the U.S. economy sees the effects of the coronavirus take hold. As the virus continues to spread it will continue […]

Photo by Andy Li on Unsplash

‘Phase 1’ of China trade deal causes fall in deficit

The U.S. international trade deficit fell by more than expected in January, due to the first phase of the trade deal signed by the President and China.  The trade deficit dropped 4.6% to $65.5 billion in January compared with $68.7 billion in December, according to the advanced U.S. international trade […]

Inflation remains low capping off a year of steady but slow growth

Consumer prices in the U.S. rose slightly in January, but the increase was smaller than expected due to falling gas prices.  Overall prices increased by just 0.1%, with the largest increases in housing, food and medical care service costs and capped a relatively tame year for inflation. Core prices, prices […]