skip to Main Content
MSJ NEWS see latest news

Business News Roundup, April 27, 2021

Higher wages for federal contractors, the Fed holds steady on rates, soaring copper prices, and slow growth in Connecticut’s population are among the top business news items this morning.


President Joe Biden has issued an executive order raising the minimum hourly wage paid to federal contractors from $10.95 to $15. The change, which goes into effect next year and will subsequently be indexed to inflation, comes after Biden unsuccessfully sought to include a $15-an-hour federal minimum wage as part of the American Rescue Plan.

The Federal Reserve is likely to continue its commitment to low rates after its policy meeting tomorrow, even as there are growing signs of economic recovery. The Fed has committed to supporting full employment as job numbers remain considerably below pre-pandemic levels, but is also seeking to keep inflation from growing too quickly.

Business trends

Copper prices have soared to their highest level in a decade and are heading toward an all-time high, amid strong demand for metals worldwide. The metals market has often been an indicator of the global economy, though copper production could also be impacted by factors such as plans to boost mining royalties in Chile that could dampen investment.


Connecticut’s population grew 0.9 percent in the past decade, according to the latest data from the U.S. Census Bureau. While this pace of growth is the fourth slowest in the nation, it also ensures that the state will retain its five members in the U.S. House of Representatives.

Spread the Word

More To Explore

Expert Summaries

Know Your Competitors

By Denis Jakuc 

There are tons of benefits to knowing who your competitors are—what they’re offering, their strengths and weaknesses. That knowledge can help you make your products and services stand out,

Latest News

Join with Free InnovatorsLINK Account

Start accessing all the free member benefits and valuable content on the InnovatorsLINK platform. Create a BizLINK listing to boost brand exposure, receive the weekly Main Street Journal newsletter, engage in forums, get full access to free content, and more.