U.S. military aid to Israel and Ukraine is helping to push this fiscal year’s budget deficit from the $1.4 trillion estimated in February to $1.9 trillion, the nonpartisan Congressional Budget Office (CBO) has projected.
Tag: interest rates
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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. Some of the most significant challenges include soaring inflation rates, escalating interest rates, increased minimum wage, looming fears of a recession, and a tangible decrease in revenues for many sectors…
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MORE CENTRAL BANKS ARE STOCKPILING DOLLARS
Eighteen percent of central banks expect to increase their supply of U.S. dollars over the next one to two years as the U.S. Federal Reserve is likely to keep its interest rate higher longer than other nations...
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APARTMENT BOOM GOES BUST
From the COVID War through about the middle of last year, U.S. builders raced to keep up with a seemingly insatiable demand for apartments even as rents rose steadily. Builders bought land, planned projects, and began to seek financing.
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MOST MIDDLE-CLASS AMERICANS SAY THEY ARE FINANCIALLY INSECURE
Sixty-five percent of U.S. adults who qualify as middle class say they struggle financially and expect to do so for the rest of their lives...
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U.S. ECONOMY TACKS ON ANOTHER 272,000 JOBS IN MAY
Employers took on another 272,000 workers last month, the U.S. Labor Department reported, well above the average of 232,000 over the preceding 12 months and the 190,000 that economists had expected.
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OPEC+ EXTENDS OIL PRODUCTION CUTS THROUGH 2025
Meeting on 2 June, the Organization of Petroleum Exporting Countries and its allied nations (OPEC+) voted to continue existing production cuts.
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GOING OUT OF BUSINESS TRENDS
In recent times, the economic landscape has presented an array of challenges that have profoundly affected the business community.
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CONSUMER BLUES: KOHL’S REPORTS WEAKER SALES
The Kohl’s department store chain reported sales fell 4.4 percent in its most recent quarter, a decline 10 times worse than analysts had forecast.
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GOING OUT OF BUSINESS TRENDS
In recent times, the economic landscape has presented an array of challenges that have profoundly affected the business community.