Business

AP Photo / Cliff Owen The Federal Reserve is partnering with MIT researchers to build and test a digital currency, central banker Brainard said Thursday. The Fed hopes to gain a better understanding of digital currency, its use, and the potential implementation of a central bank digital currency, Brainard said …

North Korean leader Kim Jong Un is tapping into his private grain reserves to feed victims of recent floods. Nearly 1,500 acres of rice fields were flooded and about 730 single-story homes and 179 apartment blocks were destroyed as of early August, North Korea says. Kim’s decision to use his …

Museums and other cultural institutions will be allowed to open in New York City beginning on August 24, said Gov. Andrew M. Cuomo on Friday, after five months of a closed pandemic that resulted in substantial layoffs and financial crisis for many of these organizations. The announcement came as the …

For many Americans, 2020 is one of the most challenging years of their lives. The coronavirus disease pandemic 2019 (COVID-19) has led to a complete rise in social norms, sent the American unemployment rate to levels not seen in more than eight decades, and cost roughly 165,000 Americans their lives. …

By Arthur Allen, Kaiser Health News Thousands of letters full of money flooded Jonas Salk’s mailbox the week after his 1955 polio vaccine was declared safe and effective. Everyone wanted his vaccine. Desperate parents have shut down doctors’ phone lines in search of the precious elixir; medicine companies and doctors …