Germans are continuing to lose confidence in their economic future, a new survey found.
Category: 3 December 2024
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TRUMP CONSIDERS EARLY PALANTIR EMPLOYEE AND FINANCIER FOR TOP PENTAGON POST
Donald Trump, the U.S. president-elect, is considering a partner at Peter Thiel’s Founders Fund, and a financier who specializes in defense contractors for top posts at the Defense Department.
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GAZA DEATH TOLL
The death toll in Gaza reached 44,502 on Tuesday along with 105,454 people who have been injured in the nearly 14-month-long genocide.
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FRANCE FACES “GREEK-STYLE” DEBT CRISIS, OFFICIALS WARN
The French government’s borrowing costs now exceed those of Greece and the government is facing a crisis over its deficit spending, raising the specter of a Greek-style debt crisis.
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GOING OUT OF BUSINESS TRENDS
The economic landscape has presented an array of challenges that have profoundly affected the business community.
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WHEN THE ECONOMY FALLS, JOBS GO WITH IT
The retail, restaurant, manufacturing, automotive, and tech industries continue to be hit hard as prices increase and demand slows.
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INTEL ALLOTTED $7.87 BILLION IN FEDERAL GRANTS TO BUILD NEW CHIP PLANTS
Intel, the U.S.’s iconic, now struggling, chipmaker, has been allotted $7.87 billion from the federal CHIPS and Science Act to build new semiconductor factories in the U.S.
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TRUMP’S DEPORTATION PLANS RISK WORKER SHORTAGE
Donald Trump’s announced plans to close the U.S. borders and deport “millions” of immigrants could deprive the economy of between 25,000 and 100,000 new jobs in 2025, analysts have estimated.
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U.S. INFLATION INCHES UP IN OCTOBER
The Personal Consumption Expenditures Price Index, the U.S. Federal Reserve’s favorite measure of inflation, edged up to an annual rate of 2.3 percent in October from 2.1 percent the month before, according to the Commerce Department.
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U.S. GDP GREW 2.8 PERCENT IN OCTOBER
The U.S. economy expanded by 2.8 percent in July through September as consumer spending remained strong and exports surged, the Commerce Department said.