Thick and Thin

News for nerds

US economy grew a record 33.1% annual rate last quarter but the pandemic remains an enormous threat

The US economy in the summer recovered much of the historically enormous ground it lost in the spring, expanding at the fastest rate on record in the third quarter, the

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Exxon is cutting 1,900 US jobs as oil prices crumble again

ExxonMobil is cutting jobs at home and overseas as oil prices tumble on coronavirus fears. Exxon announced Thursday that it will cut about 1,900 jobs in the United States, mostly

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Europe is in trouble. The ECB is ready to unleash more stimulus

The European Central Bank is getting ready to unleash even more stimulus, warning on Thursday of clear risks as the region’s two biggest economies once again impose sweeping restrictions in

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Warren Buffett hasn’t publicly backed Biden despite past Democratic endorsements

Warren Buffett has been surprisingly quiet about the presidential election. The Oracle of Omaha hasn’t publicly backed Joe Biden, but Buffett hosted a fundraiser for Biden’s former boss, Barack Obama,

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Starbucks expects sales to return to growth next year

Starbucks expects its sales to grow next year, the company said Thursday. In the United States and the Americas, it expects same-store sales to jump between 17% and 22% next

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How the pandemic has changed Americans’ spending and saving habits

For millions of Americans, the economic effects of the pandemic have been devastating, resulting in job loss, food insecurity or threat of eviction. But for many of those who are

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Facebook fact-checkers to Trump supporters: We are not trying to censor you

“Anything I put on there about our president is generally only on for a few minutes, and then all of a sudden they’re fact checking me,” one woman outside a

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