After years of disappointment, U.S. farmers are finally enjoying good times as they are expected to plant a record amount of soybean this year to take advantage of high agricultural prices after years of tough market conditions. The U.S. Department of Agriculture projects that farmers will plant 182 million acres of corn and soybeans in
With another $600 in hand and the virus waning, U.S. consumer spending increased by the most in seven months in January, setting up the economy for faster growth in the first quarter. Despite the strong rebound in consumer spending reported by the Commerce Department on Friday, price pressures were muted. Inflation is being closely watched
Oil prices will stage a steady recovery this year as vaccines reach more people and speed an economic revival, with further impetus coming from stimulus and output discipline by top crude producers according to a Reuters poll. The survey of 55 participants forecast Brent crude would average $59.07 per barrel in 2021, up from last
Postmaster General Louis DeJoy told lawmakers that the Postal Service plans to buy 10% electric vehicles as part of its multibillion-dollar plan to retire its 30-year-old fleet of delivery vehicles. The Postal Service awarded a $482 million contract to Oshkosh Defense to finalize vehicle production. The contract, which could be worth more than $6 billion
Even if your credit score is among the best in the country, say 775 or even 800, chances are that your credit card still charges more than 13% interest. At a time when 30-year Treasury bonds yield around 2% and high-yield, risky bonds yield 4%, this seems outrageous. Now one company, Affirm, is making money
