We can afford to raise the minimum wage. As part of his administration's bold COVID-19 relief package, President Joe Biden has promised to raise the federal minimum wage to $15 an hour. The trickle-down approach to recovery championed by the previous administration failed our country and only led to further economic hardships for hard working Americans.

The Coronavirus pandemic relief bill passed by the House of Representatives this week would raise the federal minimum wage in steps until it reached $15 an hour in 2025. But an increase in the minimum wage has been removed from the Senate’s legislation. At least for now, it is stuck at $7.25.

Hiring surged in February as U.S. economic activity picked up with Covid-19 cases steadily dropping and vaccine rollouts providing hope for more growth. The Labor Department reported Friday that nonfarm payrolls jumped by 379,000 for the month and the unemployment rate fell to 6.2%. That compared with expectations of 210,000 new jobs and the unemployment rate holding steady from the 6.3% rate in January.

A fresh round of government stimulus checks sent personal income up to its biggest monthly gain since April 2020 though inflation remained tame, the Commerce Department reported Friday. Personal income jumped 10% after a 0.6% increase in December. That was even higher than the 9.5% Dow Jones estimate.

It would be a dangerous mistake to let fear of inflation and then a bursting bubble in the financial sector hamstring the economy that could make good jobs for real men and women who have been telling us for decades that this is what they want.

For the past year, across the globe, central banks have acted in unison, throwing everything at their disposal at an unseen enemy in a desperate effort to stave off the most serious economic collapse in more than a century. Suddenly, they've been left bruised and bloodied, writes Ian Verrender.

The benchmark Treasury note jumped above 1.50% on Thursday afternoon after investors showed tepid demand for $62 billion of 7-year notes. The 10-year note yield TMUBMUSD10Y, 1.415% climbed 15 basis points to 1.54%. Bond prices move in the opposite direction of yields. Peter Boockvar, chief investment officer at the Bleakley Advisory Group, described the 7-year note auction results as "awful," after it tailed by 4.2 basis points, the most in the auction's history.

Housing advocates predict both a tsunami of evictions and a significant rise in homelessness

Efforts by governments around the world to forge a green recovery from the coronavirus pandemic are so far failing even to reach the levels of green spending seen in the stimulus that followed the 2008 financial crisis, new analysis has shown.

The U.K. economy experienced its largest contraction since records began in 2020, as the coronavirus pandemic ravaged economic activity.

The pandemic has left more than a quarter of British adults financially vulnerable, with too much debt or not enough savings to cope with a "negative life event" such as redundancy, loss of hours, or ill health.

Biden is bullish on a big increase in the minimum wage, but economists are sharply divided on the impact on jobs.

A president has only limited control over the economy. And yet there has been a stark pattern in the United States for nearly a century. The economy has grown significantly faster under Democratic presidents than Republican ones.

Uber on Tuesday announced an agreement to buy Drizly, a Boston-based alcohol delivery startup, for $1.1 billion in cash and stock.

We keep being reminded that the stock market isn’t the economy. But then, is it possible for the market to go into a long bear run even if the economy booms? Yes, although there is little record of it ever happening.

It is only a recent phenomenon

Yelp on Wednesday released its latest Economic Impact Report, revealing business closures across the U.S. are increasing as a result of the coronavirus.

The United States can bring manufacturing back — which will bring back good jobs and protect national interests.

A study of 45 countries shows those who have contained the virus also tend to have less severe economic impacts than those which haven’t

Tax cuts for the wealthy have long drawn support from conservative lawmakers and economists who argue that such measures will "trickle down" and eventually boost jobs and incomes for everyone else. But a new study from the London School of Economics says 50 years of such tax cuts have only helped one group — the rich.