Bernard Madoff, the infamous architect of an epic securities swindle that burned thousands of investors, outfoxed regulators and earned him a 150-year prison term, died in a federal prison early Wednesday. He was 82.
Top Federal Reserve policymakers underscored their concern that Black and Hispanic people are sharply underrepresented in the economics field, which lessens the perspectives that economists can bring to key policy issues.
Consumer prices jumped last month as businesses struggled to keep pace with booming demand, but the Biden administration and the Federal Reserve say the uptick in inflation is likely to be temporary.
The deal means both companies will be able to produce lithium-ion batteries for electric vehicles at a time when President Biden hopes to boost support for the industry as part of his climate plan.
Janelle Jones is the first Black woman to serve as chief economist at the Labor Department. She says helping marginalized groups boosts the entire economy.
Former baseball star Alex Rodriguez and e-commerce mogul Marc Lore signed a letter of intent Saturday to buy the Minnesota Timberwolves and Lynx, owner Glen Taylor said.
The pandemic is causing another new, yet uniquely American, shortage — ketchup. Heinz says it will increase its production by 25 percent to meet the demand for packets of the popular condiment.
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