Economy
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Jamie Dimon says Ukraine war shows we still need cheap, secure energy from oil and gas
Dimon said in June that he was preparing the bank for an economic “hurricane” caused by the Federal Reserve and…
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Reasons to be cheerful, one, two, three
R easons to be cheerful: one, food inflation is finally over the worst; two, the tone of company reporting is…
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This little-known but spot-on economic indicator says recession and lower stock prices are all but certain
An obscure and arcane economic indicator suggests that Federal Reserve Chairman Jerome Powell was wrong when he said at his…
Read More » - Business News
The pound’s remarkable rally from record lows takes it past $1.23
T he pound is on the up on international currency markets, taking it its strongest level against the dollar in…
Read More » - World News
Starmer’s Latest Interpretation Of Brexit Fails To Read The Room, Again
Keir Starmer has dismissed suggestions that rejoining the EU’s single market would boost the British economy right now – but…
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Inflation And Interest Rates: The Twin Sisters Of The Dismal Science
Portrait of Thomas Carlyle, Scottish historian, satirical writer, essayist, translator, philosopher, … [+] mathematician, and teacher getty The inflation numbers…
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Career Cushioning – The Evolution Of The Great Resignation And Quiet Quitting
(Photo by Justin Sullivan/Getty Images) Getty Images Key takeaways Following on from quiet quitting and the great resignation, the latest…
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Wall Street’s Fables: The Economists Who Cried “Recession!”
Wall Street’s Fables: The Economists Who Cried “Recession!” getty At a recent meeting of retail industry executives, the words on…
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November unemployment fell for Hispanic workers and Black women, while holding steady overall
A Now Hiring sign at a Dunkin’ restaurant on September 21, 2021 in Hallandale, Florida. Joe Raedle | Getty Images…
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When is the next interest rates announcement and will they increase?
The Bank of England is aiming to get inflation back to two per cent, down from the current rate of…
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November jobs report is most important data for inflation this year- and not in a good way
The November U.S. jobs report on Friday showed the U.S. economy gained 261,000 jobs last month, with the unemployment rate…
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Here’s where the jobs are for November 2022 — in one chart
The U.S. job market beat expectations again in November, adding 263,000 payrolls led by the service sector. Leisure and hospitality…
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Payrolls and wages blow past expectations, flying in the face of Fed rate hikes
An employee works at the BMW manufacturing plant in Greer, South Carolina, October 19, 2022. Bob Strong | Reuters Job…
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Key inflation measure that the Fed follows rose 0.2% in October, less than expected
A man climbs into the fridge for milk at a Walmart store in Rosemead, California on November 22, 2022. Frederic…
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Fed hikes and a stronger dollar are fueling risks of political instability in Africa
ACCRA, GHANA – NOVEMBER 05: Ghanaians march during the ‘Ku Me Preko’ demonstration on November 5, 2022, in Accra, Ghana.…
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Job openings fall in October amid Fed efforts to cool labor market
Workers sort packages at a FedEx Express facility on Cyber Monday in Garden City, New York, on Monday, Nov. 28,…
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Private hiring increased by just 127,000 jobs in November, well below estimate, ADP reports
Private hiring slowed sharply during November in a sign that the historically tight labor market could be losing some steam,…
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Elon Musk says the Fed must cut rates ‘immediately’ to stop a severe recession
Tesla Motors CEO Elon Musk unveils a new all-wheel-drive version of the Model S car in Hawthorne, California October 9,…
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Transitory inflation talk is back. But economists say higher prices are here to stay
Prices of fruit and vegetables are on display in a store in Brooklyn, New York City, March 29, 2022. Andrew…
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Shaftesbury says West End is back as tourists and Elizabeth line boost footfall
L andlord Shaftesbury has heralded a “rapid rebound” in the West End’s economy as shoppers flood back into the area,…
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How Atlanta’s growing economy burned low-income renters and homebuyers
Metro Atlanta is on a hot streak. More than 6 million people now live in the region, according to recent…
Read More » - Market
Economic Nationalism Is Back: Global Trade Will Never Look The Same
Amer. & Chinese flags table decorations during US/China ceremony renewing 1989 MOA Memo of Agreement … [+] re Intl. Trade…
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Where’s The ‘Imminent’ U.S. Recession? Nowhere As Black Friday Nets Huge Sales
Pedestrians walk past a store window with a sign announcing the so-called “Black Friday” sales on … [+] November 23,…
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No, Britain’s Economy Isn’t On The Rocks.
TOPSHOT – A Union Flag flies in front of the clock face on Elizabeth Tower, commonly known by the ……
Read More » - Politics Updates
Tory Who Told MPs To ‘Shut Up’ Failed To Declare 17 Properties In Commons Clash
A Tory MP who told three female Labour frontbenchers to “shut up” failed to declare that he owns 17 properties…
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Brexit And Covid Pushes Yet Another Company Out Of The UK
Another firm has just announced it is pulling out of its British facilities due to the twin impact of Brexit…
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Bitcoin, ether dive on red-hot US inflation data
Bitcoin and other cryptocurrencies were falling on 13 October, in line with stocks, as they reacted to key inflation data. Bitcoin…
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Chancellor Kwarteng makes hasty retreat from IMF for crisis talks over planned tax cuts
Kwasi Kwarteng has left Washington and headed back to Downing Street where he is set to address potential plans to…
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Jeremy Hunt named chancellor after Kwasi Kwarteng confirms sacking on Twitter amid UK tax U-turn
Prime Minister Liz Truss named Jeremy Hunt as chancellor after Kwasi Kwarteng said he was asked to resign from the position.…
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Winning the World Cup could save the country from a recession
Qatar, already one of the richest countries in the world with average pay per person of $85,000 (£72,000), might be…
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Virgin Money staff get 10% pay rise as profits jump
V IRGIN Money presented a surprisingly healthy picture of the UKeconomy today, with chief executive David Duffy insisting the future…
Read More » - World News
BBC Presenter Perfectly Demolishes Tory MP’s Economic Growth Claims In Just Moments
BBC presenter Jo Coburn didn’t hesitate to call out a Tory MP when she suggested the UK’s economic growth was…
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Fed’s Waller says he’s open to a half-point rate hike at December meeting
Christopher Waller testifies before the Senate Banking, Housing and Urban Affairs Committee during a hearing on their nomination to be…
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U.S. import prices post fourth straight monthly decline
The numbers: Import prices fell 0.2% in October, the U.S. Labor Department said Wednesday. This is the fourth straight sharp…
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The world needs more economic alliances than security ones, analyst says
Countries should strike up more economic alliances than security and defense ones, as those could make the world “more dangerous,”…
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Household debt soars at fastest pace in 15 years as credit card use surges, Fed report says
Luis Alvarez | Digitalvision | Getty Images Households increased debt during the third quarter at the fastest pace in 15…
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Wholesale prices rose 0.2% in October, less than expected, as inflation eases
Wholesale prices increased less than expected in October, adding to hopes that inflation is on the wane, the Bureau of…
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London braces for a blockbuster week of economic events
I t’s a blockbuster week for the economy, with a series of set-piece events that will help define the rest…
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Fed Vice Chair Brainard says it may ‘soon’ be appropriate to move to slower pace of rate hikes
Federal Reserve Vice Chair Lael Brainard indicated Monday that the central bank could soon slow the pace of its interest…
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Inflation expectations rebounded in October on record-high jump in gas outlook, NY Fed survey shows
A Sheetz customer gets gasoline at a gas station in Plains, Pennsylvania, U.S. October 19, 2022. Aimee Dilger | Reuters…
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Fed’s Waller says market has overreacted to consumer inflation data: ‘We’ve got a long, long way to go’
Federal Reserve Gov. Christopher Waller said Sunday that financial markets seem to have overreacted to the softer-than-expected October consumer price…
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Even with slower inflation, consumer sentiment weakened sharply in November, survey shows
Shoppers are seen in a Kroger supermarket on October 14, 2022, in Atlanta, Georgia. Elijah Nouvelage | AFP | Getty…
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UK on the brink of recession after economy contracts by 0.2% in the third quarter
The Bank of England has warned that the U.K. is facing its longest recession since records began a century ago.…
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Fed officials welcome inflation news but still see tighter policy ahead
Prices of fruit and vegetables are on display in a store in Brooklyn, New York City, March 29, 2022. Andrew…
Read More » - Entrepreneurs
Dear Divided Congress: Small Business First
A closely divided Congress can find no better place to start with bipartisan policymaking than … [+] support for small…
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Consumer confidence is near its lowest in a decade, and that could be a problem for Biden
US President Joe Biden speaks during a DNC rally in Miami Gardens, Florida, US, on Tuesday, Nov. 1, 2022. Eva…
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Labor costs show slower rise, while trade deficit widens and jobless claims nudge lower
The cost of labor rose less than expected, but low productivity helped keep the pressure on inflation in the third…
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U.S. payrolls surged by 261,000 in October, better than expected as hiring remains strong
Job growth was stronger than expected in October despite Federal Reserve interest rate increases aimed at slowing what is still…
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The unemployment rate for Black men fell in October, but so did labor force participation
A Now Hiring sign at a Dunkin’ restaurant on September 21, 2021 in Hallandale, Florida. Joe Raedle | Getty Images…
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Here’s where the jobs are for October 2022 — in one chart
Jobs growth came in better than expected in October thanks in part to strong gains in the manufacturing, health-care, and…
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