Economy - /contrib/economy

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Americans are running out of money and big companies like Target and Walmart are noticing. It makes a recession more likely....
Submitted to Category: /contrib/business/, /contrib/economy
New data shows Americans have already burned through a third of their pent-up savings.That's nearly three times more than previously thought, and signals spending
By Anonymous Submission on 2022-10-04 14:43 UTC
U.S. Factory Orders Remained Flat in August...
By Maria Martinez Manufacturing orders in the U.S. were virtually unchanged in August, following a decline in the previous month, reflecting cooler demand...
By Anonymous Submission on 2022-10-04 14:42 UTC
Rising interest rates and a gloomy economic outlook has US job openings drop to 10.1 million as the labor market tightens...
The 1.2 million decline in vacancies was the biggest since April 2020.
By Anonymous Submission on 2022-10-04 14:38 UTC
US: S&P Manufacturing PMI improves to 51.8 in September, Composite PMI rises to 49.3...
The data published by S&P Global showed on Friday that the business activity in the US manufacturing sector expanded at a stronger pace in early Septe
By Anonymous Submission on 2022-09-23 14:24 UTC
As Fed raises interest rates, maintaining high employment will be a challenge...
Submitted to Category: /contrib/business/, /contrib/economy
Wall Street is once again on edge after the Federal Reserve announced another interest rate hike Wednesday.
By Anonymous Submission on 2022-09-23 00:50 UTC
Housing affordability hits worst level in 37 years...
It now takes 35.51% of the median household income to make a principal and interest payment on the average home.
By Anonymous Submission on 2022-09-14 21:14 UTC
How the Inflation Reduction Act does — and doesn't — reduce inflation...
Drug-price negotiation and clean-energy rebates are set to lower costs for Americans over the next decade. But that relief won't be immediate.
By Anonymous Submission on 2022-08-08 21:28 UTC
Republicans argue Manchin and Schumer's energy, health care deal will raise taxes, citing nonpartisan data...
Americans of all incomes would see their federal taxes rise under the climate and health care package that was negotiated last week between Senate Majority Leader Chuck Schumer and moderate Democratic Sen. Joe Manchin, according to data from the nonpartisan Joint Committee on Taxation. Federal
By Anonymous Submission on 2022-08-01 10:34 UTC
Stocks fall after Walmart profit warning...
Submitted to Category: /contrib/business/, /contrib/economy
“The increasing levels of food and fuel inflation are affecting how customers spend, and while we’ve made good progress clearing hardline categories, apparel in Walmart U.S. is requiring more markdown dollars," Walmart CEO Doug McMillon in a statement
By Anonymous Submission on 2022-07-26 18:12 UTC
Inflation continues to blow past expectations because interest rates are still negative...
Submitted to Category: /contrib/business/, /contrib/economy
Just one month after inflation blew past
By Anonymous Submission on 2022-07-13 15:54 UTC
Inflation reaches 40-year high of 9.1%...
Consumer prices soared 9.1% compared with a year earlier, the U.S. government said, the biggest yearly increase since 1981.
By Anonymous Submission on 2022-07-13 15:53 UTC
With the US economy in shambles, Biden to send $800 million more aid to Ukraine to fight Russia...
On the final day of the NATO summit here on Thursday, US President Joe Biden says his administration will soon provide another USD 800 million in security assistance for Ukraine to fight Russia
By Anonymous Submission on 2022-06-30 21:20 UTC
While American's are hurting economically, Biden says Anerican's will pay more for gas 'as long as it takes' to counter Russia...
America last President Joe Biden said Thursday that U.S. drivers will continue to pay record-high gas prices for "as long as it takes" to stop Russia's war in Ukraine, acknowledging that consumers are unlikely to see relief at the pump anytime soon.
By Anonymous Submission on 2022-06-30 21:18 UTC
What Americans face now as the Fed raises interest rates...
The U.S. Federal Reserve's big interest rate hike on Wednesday -- and the expectation of more to come -- is aimed at bringing down 40-year high inflation topping 8% on an annual basis in recent months.
By Anonymous Submission on 2022-06-15 18:25 UTC
May retail sales unexpectedly decline as consumers confront sizzling hot inflation...
Retail sales unexpectedly dropped in May as consumers -- confronted with the hottest inflation since 1981 -- pulled back on spending.
By Anonymous Submission on 2022-06-15 12:46 UTC
Inflation puts pressure on Powell: What to know this week...
Markets face another half-point rate hike this week and the prospect of sharper increases ahead when the Federal Reserve concludes its two-day policy-setting meeting Wednesday.
By Anonymous Submission on 2022-06-13 13:42 UTC
Inflated grocery prices and shrinking package sizes. The cost of food is rising at fastest pace since 1979...
Americans are suffering sticker shock every time they go to the grocery store: They're coping with the biggest increase in food prices since 1979 — not to...
By Anonymous Submission on 2022-06-10 15:45 UTC
Inflation hits 40-year high as CPI rises 8.6% in May...
Inflation accelerated in May as U.S. consumers grapple with a surge in prices for gas, food, and shelter, data showed Friday.
By Anonymous Submission on 2022-06-10 15:43 UTC

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