The housing market is booming. Is this another indication that the recovery from the Pandemic Recession is complete for the rich, while low-income households are left behind? No, it isn’t. It’s primarily driven by the usual suspects in any market: supply and demand. But serious challenges are looming for low-income homeowners. Expect a wave of foreclosures in 2021. A slew ...

Joe Biden has argued that President Donald Trump didn’t so much build a strong economy as inherit one. It’s good line — but it ignores the successes, at least before the pandemic, of Trump’s unconventional policy. If Biden is elected president, he should continue Trump’s economic approach rather than returning to Barack Obama’s. Between December 2009 and December 2016, the ...

Bloomberg Boeing Co is almost doubling its planned job cuts as the coronavirus pandemic and prolonged grounding of the 737 Max jet dim prospects for a financial recovery next year. With the outlook for aircraft sales still uncertain, executives abandoned a forecast that Boeing would stop burning cash next year and said they would eliminate an additional 7,000 jobs. That ...