Economy
Long Covid is distorting the labor market — and that’s bad for the U.S. economy
Charlotte Hultquist Charlotte Hultquist Weeks after Charlotte Hultquist got Covid-19 in November 2020, she developed a severe pain in her right ear. “It felt like someone was sticking a knife in [it],” said Hultquist, a single mother of five who lives in Hartford, Vermont. The 41-year-old is one of millions of Americans who have long […]
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Household passes landmark monthly bill to shield same-intercourse marriages, sending it to Biden’s desk
US Dwelling Speaker Nancy Pelosi, a Democrat from California, speaks for the duration of a information meeting at the US Capitol in Washington, D.C., on Thursday, Dec. 1, 2022. Graeme Sloan | Bloomberg | Getty Photos WASHINGTON — The Home passed a landmark monthly bill Thursday enshrining federal protections for exact same-intercourse and interracial relationship, […]
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Saudi Arabia reports its very first price range surplus in almost 10 years on better oil prices
The Kingdom Tower (heart) stands on the skyline over the King Fahd highway in Riyadh, Saudi Arabia. Simon Dawson | Bloomberg | Getty Photographs Saudi Arabia claimed its 1st price range surplus in approximately 10 yrs, many thanks to its earnings being ramped up by elevated oil price ranges. The 2022 surplus arrived to 102 billion […]
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Stocks making the biggest moves premarket: Ciena, GameStop, Rent The Runway and others
Check out the companies making headlines before the bell: Ciena (CIEN) – The networking equipment maker’s stock surged 19.1% after a substantial top and bottom line beat in its latest quarter. Ciena earned an adjusted 61 cents per share for its latest quarter, compared with a consensus estimate of 8 cents. The company also said […]
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5 things to know before the stock market opens Thursday
Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, December 7, 2022. Brendan McDermid | Reuters Here are the most important news items that investors need to start their trading day: 1. Stocks in a funk Wednesday was mixed for stocks. The Dow finished slightly higher, and the […]
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Used vehicle demand and prices continue to decline from record highs
A pedestrian walks past a certified pre-owned car sales lot in Alhambra, California on January 12, 2022. Frederic J. Brown | AFP | Getty Images DETROIT – Wholesale prices of used vehicles reached their lowest level in more than a year last month, as retail sales decline amid interest rate hikes, rising new vehicle availability […]
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Stocks making the biggest moves midday: Carvana, MongoDB, TripAdvisor, Toll Brothers and more
In this article CVNA CPB STT TOL MDB JD Follow your favorite stocksCREATE FREE ACCOUNT A mascot of TripAdvisor is seen at its display at a trade fair. Axel Schmidt | Reuters Check out the companies making headlines in midday trading. Carvana — Shares of the online car dealership fell 42.9% after Carvana’s largest creditors […]
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Just 8% of Us residents have a beneficial see of cryptocurrencies now, CNBC survey finds
Sam Bankman-Fried, founder and main government officer of FTX Cryptocurrency Derivatives Trade, speaks for the duration of the Institute of Worldwide Finance (IIF) once-a-year membership assembly in Washington, DC, on Thursday, Oct. 13, 2022. Ting Shen | Bloomberg | Getty Images Soon after a sequence of crypto-collapses, scandals and bankruptcies, Americans’ sights on cryptocurrency have […]
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McCarthy’s wrestle to lock down Residence speaker roils GOP caucus, delays key committee assignments
U.S. Residence Minority Chief Rep. Kevin McCarthy (R-CA) presides about a news convention about the Help save Our Sequoias Act at the U.S. Capitol in Washington, U.S., June 23, 2022. Mary F. Calvert | Reuters WASHINGTON — U.S. Dwelling Republican chief Kevin McCarthy’s wrestle to protected adequate assistance inside his get together to get Home […]
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‘There is a slowdown happening’ – Wells Fargo, BofA CEOs issue to cooling purchaser amid Fed hikes
Crucial Details Following two yrs of pandemic-fueled, double-digit progress in Financial institution of America card quantity, “the rate of expansion is slowing,” CEO Brian Moynihan reported. While retail payments surged 11% so much this 12 months to nearly $4 trillion, that raise obscures a slowdown that began in recent weeks: November investing rose just 5%, […]
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