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Author: Paul Davidson, USA TODAY

Money

Social Security recipients could get an 8.6% cost-of-living increase in 2023 as inflation spikes

May 13, 2022May 14, 2022 Paul Davidson, USA TODAY Comments Off on Social Security recipients could get an 8.6% cost-of-living increase in 2023 as inflation spikes

Social Security payments could increase 8.6% in 2023 for about 70 million retirees, disabled people and others. That would be the most since 1981.

Money

Soaring inflation slowed in April. Will price-weary shoppers get a bit of relief?

May 11, 2022May 11, 2022 Paul Davidson, USA TODAY Comments Off on Soaring inflation slowed in April. Will price-weary shoppers get a bit of relief?

Inflation stayed elevated at 8.3% in April but eased off a 40-year high. Economists say it probably has peaked.

Money

Supreme Court ruling ending abortion rights may keep more women out of workforce, hurt economy

May 11, 2022June 24, 2022 Paul Davidson, USA TODAY Comments Off on Supreme Court ruling ending abortion rights may keep more women out of workforce, hurt economy

Could the Supreme Court’s overturning of Roe v. Wade hurt women’s labor force participation and the economy? Women’s rights groups say it will.

Money

Economy adds 428,000 jobs in April even as COVID cases edge higher, unemployment is unchanged at 3.6%

May 6, 2022May 6, 2022 Paul Davidson, USA TODAY Comments Off on Economy adds 428,000 jobs in April even as COVID cases edge higher, unemployment is unchanged at 3.6%

The economy added 428,000 jobs in April even as COVID-19 cases ticked higher. The unemployment rate was unchanged at 3.6%.

Money

Inflation is at a 40-year high. The Fed announced these aggressive moves to fight it

May 4, 2022May 4, 2022 Paul Davidson, USA TODAY Comments Off on Inflation is at a 40-year high. The Fed announced these aggressive moves to fight it

The Federal Reserve raised its key interest rate, which will set off a domino effect throughout the U.S. economy, from credit cards to mortgages.

Money

How Fed’s bigger, faster rate hikes will affect your credit card, mortgage, savings rates

May 3, 2022 Paul Davidson, USA TODAY Comments Off on How Fed’s bigger, faster rate hikes will affect your credit card, mortgage, savings rates

The Federal Reserve began an aggressive campaign to curb inflation by raising rates just six weeks ago. Now, it’s putting those increases on steroids,

Money

Biden’s $1.9T stimulus caused inflation, critics say. But others argue it saved the economy.

May 2, 2022 Paul Davidson, USA TODAY Comments Off on Biden’s $1.9T stimulus caused inflation, critics say. But others argue it saved the economy.

Some economists say Biden’s $1.9T American Rescue Plan was a big contributor to inflation. Others say the stimulus saved the economy.

News

Economy contracts for first time since 2020 in first quarter as GDP falls 1.4%

April 28, 2022April 28, 2022 Paul Davidson, USA TODAY Comments Off on Economy contracts for first time since 2020 in first quarter as GDP falls 1.4%

The economy contracted in the first quarter for first time since 2020. The trade deficit widened and business stockpiling fell.

Money

Critics say corporate greed is making inflation worse, citing record profits despite rising costs

April 27, 2022April 27, 2022 Paul Davidson, USA TODAY Comments Off on Critics say corporate greed is making inflation worse, citing record profits despite rising costs

Critics say businesses use inflation as an excuse for price gouging, or raising prices by far more than required to cover higher costs.

Money

Some Americans who retired early during COVID are returning. Can they solve the labor shortage?

April 19, 2022April 19, 2022 Paul Davidson, USA TODAY Comments Off on Some Americans who retired early during COVID are returning. Can they solve the labor shortage?

Some people who retired early during the COVID-19 pandemic are returning to a hot labor market. Is it enough to help allay severe labor shortages?

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Headlines

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U.S. Embassy urges Americans to leave Haiti ‘as soon as possible’

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These kids are good: Young Reds in pursuit of a pennant stretch to remember

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PCE inflation report: Key measure ticks higher in July. What will the Fed do?

August 31, 2023August 31, 2023 Paul Davidson, USA TODAY

Blue supermoon: See photos of the rare moon that won’t happen again until 2037

August 31, 2023 Francisco Guzman, USA TODAY

1 dead, 18 injured after collision between car, Greyhound bus in Maryland, police say

August 31, 2023 Emily DeLetter, USA TODAY

College professor harassed students to quench ‘clown fetish,’ offering extra credit, cash

August 31, 2023August 31, 2023 Chris Quintana and Colin Campo, USA TODAY

USA TODAY Sports staff makes college football picks: Check out the predictions for 2023

August 31, 2023August 31, 2023 USA TODAY

Many homeless among dead in fire in Johannesburg, South Africa

August 31, 2023 AP
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