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September 12, 2024
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September 12, 2024
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US economy
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.
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.
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.
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.
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
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
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.
Poll: 93% of Americans concerned with high inflation
Tuesday, 19 July 2022 06:03
A whopping 93% of American voters are “concerned” with the level of inflation, and slightly more than half fear the economy will only get worse a year from now, according to a poll.
Twitter sues Elon Musk over exiting $44bn takeover deal
Wednesday, 13 July 2022 06:00
Twitter sued Elon Musk on Tuesday to force him to complete his $44bn takeover of the social media giant after he announced on Friday he would withdraw his bid.
Elon Musk calls off $44 billion Twitter deal
Saturday, 09 July 2022 06:01
US billionaire called off his deal to buy social media company Twitter, according to a filing on Friday with the US Securities and Exchange Commission.
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