Once upon a time, America was the Land of Opportunity, with good-paying jobs.
Tag: U.S. economy
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SPOTLIGHT: BIGS GETTING BIGGER
Private equity firm Bain Capital is buying a controlling interest in PowerSchool, which provides school management software and cloud services, for $22.80 a share, which works out to a value of about $5.6 billion.
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TOP TREND 2023, OFFICE BUILDING BUST: LATE PAYMENTS, FORECLOSURES CLIMBING AMONG OFFICE BUILDING LOANS
In May, the proportion of late-paying loans on U.S. office buildings rose to 7 percent, almost doubling from 4 percent a year earlier, data service Trepp reported.
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JOHN DEERE SENDS HUNDREDS OF JOBS TO MEXICO
John Deere, the maker of iconic green lawn tractors and other outdoor machinery, is in the midst of transferring several production lines to Mexico.
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FAST FOOD, FASTER PRICE INCREASES
From 2014 through 2023, prices at a dozen fast-food chains increased between 39 and 100 percent, while inflation over the same 10 years added just 31 percent to costs, according to a new study by financial website FinanceBuzz.
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SALES SLOW DOWN AT CAMPBELL, BATH & BODY WORKS
People ate fewer Goldfish crackers and Pepperidge Farm cookies in this year’s first quarter, dropping revenue 2 percent in Campbell Soup’s snacks division, the company reported.
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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.