The U.S. announced last week that it will ship 31 M1A1 Abrams tanks to Germany within a few weeks and Spain said it already sent its first batch of Leopard 2 tanks to Ukraine as the West anticipates a new offensive waged by Kyiv to retake land seized by Russian forces in the last 14 months.
Gen. Mark Milley, the head of the Joint Chiefs of Staff, said the result of not supporting Ukraine’s war effort against Russia now would mean Washington would be forced to double its defense budget.
Ukraine said last week that its “dream” came true after the arrival of the first shipment of Patriot missile systems from NATO that are intended to provide the country with a new level of air defense.
This year, low-income nations will face their biggest bills for loan repayments in the past quarter century, the private, nonprofit advocacy group DebtJustice has calculated.
This is week 35 of our reporting the long trend-line of layoffs that signal recession in a country near you.
The number of mortgage rate locks for the purchase of vacation homes dove 52 percent in this year’s first quarter compared to 2019 levels, according to data analyzed by USA Today.
The slump in commercial real estate has spread to apartment buildings, which were the sector’s top performers in 2021 when rental rates surged with demand as soaring home prices froze more households out of home ownership.
Profits among companies listed on the Standard & Poor’s 500 index will report an average 6.8-percent drop in first-quarter earnings compared to the same period last year, data firm FactSet predicted.
For the second consecutive month, U.S. consumer spending retreated, falling 1 percent in dollar volume in March compared to February, the commerce department reported.
In March, grocery prices fell for the first time since September 2020, the Bureau of Labor Statistics reported.