More Americans are tapping their 401(k) accounts because of financial distress, according to Bank of America data released Tuesday. Two conservative groups are asking a federal court to block the Biden administration’s plan to cancel $39 billion in student loans for more than 800,000 borrowers. U.S. economic growth accelerated over three months ending in June, blowing past economist expectations and tamping down concerns about a possible recession. In this Our Changing Climate video essay, I look at the horrors of the cobalt supply chain fueling the electric car and renewable revolution. Specifically, I zero in on cobalt mining in the Democratic Republic of Congo in under to uncover what exactly it takes to bring modern batteries to life. A better-than-expected inflation report last week bolstered hopes that a prolonged bout of severe price hikes is near its end — but the costs of some staple items continue to soar. The U.S. economy added 209,000 jobs in June. While it was a smaller increase than expected, it still lowered the unemployment rate to a solid 3.6%.Americans are pulling money out of their 401(k) plans at an alarming rate
Conservative groups sue to block Biden plan canceling $39 billion in student loans
US economic growth accelerated in 2nd quarter, exceeding expectations and quieting recession fears
The Dark Cost of Electric Cars
Inflation has plummeted but these prices are still soaring
The unemployment rate is low. So why is the Fed worried about the economy?
ECONOMYadmin.ws2018-06-13T20:28:50-05:00
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Posted in Economy
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