Business The New Economy

  • The New Economy Apple primed to become your mobile wallet

    Apple has been slowly laying the foundation to become the leader of e-commerce and mobile payments, and all the pieces are just about in place.

  • The New Economy Fed is powerful, but not free of mistakes

    The Federal Reserve, which on Wednesday decided to continue with its tapering program by withdrawing $10 billion of monthly stimulus money, directs US monetary policy with a combination of data and anecdote, quantitative analysis and horse sense. But sometimes the world's most powerful bank gets it wrong, as a new book points out. 

  • The New Economy Unemployment rate falls, but teens get left behind

    Unemployment rate plunged to 6.3 percent in April, but teen employment still lags behind pre-recession levels. Why the high teen unemployment rate? Fewer teens want to work, and the ones who do face increased competition from immigrants, retirement-age workers, and even college and high school graduates. 

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