The U.S. economy expanded significantly to kick off the second half of the year, marking a dramatic reversal from the contraction experienced over the first six months, government data showed. U.S. gross domestic product grew 2.6% over the three months ending in September, according to data released Thursday. By contrast, economic activity shrank a combined 2.2% over the first six months of the year.

During a House of Representatives hearing on Wednesday, United States Congresswoman Katie Porter (D-California) grilled Mike Konczal, the director of Macroeconomic Analysis at the Roosevelt Institute, over the primary cause of inflation in the post-COVID-19 economy.

In which Adam Conover breaks down why billionaire "charity" is terrible for the planet, and why we should stop swallowing their myths.

Despite all the buzz about the “Great Resignation” and a renaissance for the working classes in America, a new report finds the gap between executive and worker pay is only widening. The typical low-wage worker’s pay didn’t keep pace with inflation last year at more than a third of the companies reviewed by the Institute for Policy Studies, a progressive think tank. IPS’ survey included the 300 publicly traded companies with the lowest median pay for workers.

There is something very, very wrong with a system that would rather recruit more kids instead of paying better wages and providing more benefits to adults

Among their top-selling drugs, 76% of Pfizer's and 89% of J&J's were developed by other companies and account for nearly 90% of revenues.

It is unclear whether current widespread product shortages are merely a temporary disruption or evidence of a global production meltdown. But today’s supply shocks offer striking parallels with the 2008 global financial crisis, and may require a similarly bold policy response.

A sprawling new Amazon fulfillment center in Tijuana, Mexico, is surrounded by deteriorating housing. The photographer Omar Martinez captured images of the warehouse, which show a stark contrast between Amazon's crisp, white facility and the crumbling shacks around it. They were shared widely and discussed on Reddit and Twitter.

The rising interest in remote work is largely an American phenomenon and an important trend to understand for its long-run impact on US productivity growth. The bottom line is that remote work is here to stay; workers hate commuting. The increasing popularity of remote work combined with new technology should lead to higher US productivity than the last 2 decades.

A growing sense of inequality is undermining trust in both society’s institutions and capitalism, according to a long-running global survey. The 2020 Edelman Trust Barometer – now in its 20th year – has found many people no longer believe working hard will give them a better life.

Shared ownership means Australian industries are far more concentrated than traditional metrics suggest.

Lael Brainard is the hero of the hour

The chaos that the coronavirus pandemic unleashed on America's economy turned out to be a major boon for Wall Street traders, according to new data from the New York state comptroller's office.

The year is 2021. The divide between the rich and poor has never been more damning.

The recent spike in bond yields finally has the attention of Federal Reserve policy makers. Gov. Lael Brainard said on Tuesday that “some of those moves last week and the speed of the moves caught my eye.” San Francisco Fed President Mary Daly said the central bank could alter the maturity of its bond purchases — or even, as it has done before, sell shorter-term securities to buy longer-term government bonds in a so-called “twist.”

The change in emphasis for fiscal stimulus in the U.S. under President Joe Biden has effectively signaled "the end of Reaganomics," according to Embark Group CIO Peter Toogood.

The rich get richer isn’t a saying, it’s literally how capitalism works. All that stuff about hard work and ‘hustle’ is bullshit. It’s not called ‘laborism’ lol, capitalism is all about CAPITAL. Let me give you the example of my life. I married into money. For your purposes, I am labor and my wife is capital. You can see the whole game play out within our marriage.

Last June, the House Judiciary Subcommittee on Antitrust, Commercial, and Administrative Law began an in-depth investigation into four major firms—Amazon, Apple, Facebook, and Google. The subcommittee wanted to answer one key question: did Big Tech get big playing by the rules, or does it cheat to stay at the top? After 16 months of hearings, research, and analysis, the panel's findings are out... and the results look really bad for every company involved.

Billionaires whose wealth has soared during the coronavirus pandemic should stump up to provide emergency aid to the record numbers of people facing starvation, the head of a US charity supporting the World Food Programme has said.