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US economy

Iranpress: World Newspapers: Failures of globalization shatter long-held beliefs

World Newspapers: Failures of globalization shatter long-held beliefs

Sunday, 18 June 2023 21:43

When the world’s business and political leaders gathered in 2018 at the annual economic forum in Davos, Switzerland, the mood was jubilant. Growth in every major country was on an upswing. The global economy declared Christine Lagarde, then the managing director of the International Monetary Fund, “is in a very sweet spot.” Five years later, the outlook has decidedly soured. 206

Iranpress: World newspapers: US debt talks may not alter spending path

World newspapers: US debt talks may not alter spending path

Thursday, 25 May 2023 20:59

Negotiators have focused on a relatively small corner of the budget, shunning new revenues or cuts to the fastest-growing programs.

Iranpress: World Newspapers: Banking crisis fans fears recession will strike US

World Newspapers: Banking crisis fans fears recession will strike US

Saturday, 18 March 2023 20:13

The US economic recovery has repeatedly defied predictions of an impending recession, withstanding supply-chain backlogs, labor shortages, global conflicts, and the fastest increase in interest rates in decades. 203

Iranpress: World newspapers: Shoppers slowed spending ahead of holidays

World newspapers: Shoppers slowed spending ahead of holidays

Saturday, 24 December 2022 21:20

The U.S. economy showed fresh signs of slowing late this year as consumer spending and business demand softened, and inflation eased.

Iranpress: US chances to avoid recession next year dimming: S&P ratings

US chances to avoid recession next year dimming: S&P ratings

Tuesday, 29 November 2022 02:23

The chances the United States will be able to avoid a recession next year are dimming as rising commodity prices and rate hikes are expected to weaken spending in the country, Standard and Poor's Global Ratings said in a press release on Monday.

Iranpress: Elon Musk proceeds buying Twitter for originally agreed $44bn

Elon Musk proceeds buying Twitter for originally agreed $44bn

Wednesday, 05 October 2022 02:22

Elon Musk has offered to buy Twitter for the initially agreed price of $44bn, in a move that could put an end to one of the most high-profile corporate legal battles in the US.

Iranpress: High US inflation caused by corporate greed: The Guardian

High US inflation caused by corporate greed: The Guardian

Wednesday, 28 September 2022 22:03

High inflation in the United States has been caused by large corporations raising their prices above increasing costs, instead of wage increases, an opinion piece published by The Guardian has said.

Iranpress: World Newspapers: Biden debt relief plan for students to cost $400 billion

World Newspapers: Biden debt relief plan for students to cost $400 billion

Tuesday, 27 September 2022 21:20

US President Joe Biden's student loan cancellation plan will cost an estimated $400 billion over 30 years, according to the Congressional Budget Office. 206

Iranpress: World Newspapers: ‘pain’ lies ahead for economy, US central bank warns

World Newspapers: ‘pain’ lies ahead for economy, US central bank warns

Saturday, 27 August 2022 20:55

The Federal Reserve won’t stop raising interest rates until the economy is under control, central bank chief Jerome H. Powell said Friday — even though officials expect wrestling inflation to normal levels will slow the economy enough to cause “some pain” for households and businesses and, probably, weaken the job market. 203

Iranpress: Biden claims US economy is on right track despite recession fears

Biden claims US economy is on right track despite recession fears

Friday, 29 July 2022 00:08

The US president said Thursday that his country's economy is "on track", despite GDP figures showing it had shrunk for the second time in a row stoking fears of a recession.

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