The impact of these past seven days will reverberate for the next several weeks around the abandoned halls of Wall Street and Washington DC as politicos and investors retreat to the Hamptons or Martha’s Vineyard or wherever they summer. Are we in a recession? It’s hard to say, but hopefully by September the knowledge we […]
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(Bloomberg) — Whatever else is on Americans’ minds — and that’s a long list right now — the state of the economy looms large in any US election. That spells big trouble for Democrats in November’s midterm vote. Most Read from Bloomberg A new study by Bloomberg Economics takes one gauge with a knack of […]
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Almost every day for four months buses carrying asylum-seeking migrants have disembarked near the heart of American power, just half a mile from Capitol Hill. So far more than 6,000 people have arrived on these buses, sent by the governors of Arizona and Texas in a none-too-subtle jab at what they see as President Joe […]
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A version of this story appears in CNN’s What Matters newsletter. To get it in your inbox, sign up for free here. CNN — Americans today need to realize that efforts to tame runaway inflation, while arguably necessary, have real consequences that can hurt. A lot. There was a time not too long ago when: […]
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The impact of the pandemic on the U.S. and global economy was catastrophic. Economic historian Adam Tooze characterized its impact as being “the swiftest and most comprehensive contraction of global economic activity ever.” There are clearly other factors at work with regard to the economic problems confronting the U.S. and rest of the world, but […]
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WASHINGTON (AP) — The U.S. economy is caught in an awkward, painful place. A confusing one, too. Growth appears to be sputtering, home sales are tumbling and economists warn of a potential recession ahead. But consumers are still spending, businesses keep posting profits and the economy keeps adding hundreds of thousands of jobs each month. […]
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Editor’s Note: This story was adapted from the July 25 edition of CNN’s Meanwhile in America, the daily email about US politics for global readers. Click here to read past editions and subscribe. CNN — Every week is a tough week for this White House right now. But as he recovers from his Covid-19 infection, […]
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‘Major crash to come’: Robert Kiyosaki warns that a key economic signal is flashing bright red. Here are the 3 assets he likes for shock safety Soaring inflation, rising interest rates, and a slowing U.S. housing market continue to send nervous vibes across the stock market. But Rich Dad Poor Dad author Robert Kiyosaki says […]
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There’s record inflation, made worse by Russia’s war in Ukraine. A weak euro is making it more expensive for businesses to import necessary goods. Italy, the bloc’s third-biggest economy, is embroiled in a political crisis following the ouster of the country’s prime minister. But Brzeski is also keeping a close eye on extreme weather. A […]
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WASHINGTON — After topping $5 a gallon in June, the price of gasoline has fallen for more than a month. The Biden administration wants to tell you about it. Again and again. President Biden and his top aides are in an all-out campaign to trumpet what is, as of Friday, 38 consecutive days of declines […]
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