U.S. Economy
Democrats rally behind Kamala Harris after Biden drops out; running-mate speculation swirls
Harris issues fundraising call U.S. Vice President Kamala Harris has issued a fundraising call after confirming she will run in the fall presidential campaign, following White House leader Joe Biden’s withdrawal. Biden has endorsed Harris, who must still receive the official Democrat nomination. “I am honored to have the President’s endorsement and my intention is […]
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Trump says Taiwan should pay the U.S. for defense; shares of chip giant TSMC fall
Former U.S. President Donald Trump speaks during a campaign rally at the Butler Farm Show in Butler, Pennsylvania, on July 13, 2024. Brendan Mcdermid | Reuters Former U.S. President Donald Trump, who is vying for another White House mandate, said he thinks Taiwan should pay the U.S. for defense, claiming that the country “doesn’t give […]
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Trump 2.0 could be bad news for global inflation, analysts say
US former President and 2024 Republican presidential candidate Donald Trump, a bandage on his ear after being wounded in an assassination attempt, attends the first day of the 2024 Republican National Convention at the Fiserv Forum in Milwaukee, Wisconsin, July 15, 2024. Brendan Smialowski | Afp | Getty Images A second presidential term for former […]
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How AI and automation will reshape grocery stores and fast-food chains
AI isn’t just a hyped innovation in the tech sector; the food industry is also investing heavily in the red-hot trend. Americans heading to the grocery store or their favorite fast-food restaurant will already have noticed the introduction of the new technology in such services as self-checkout kiosks and even AI ordering in drive-thru lanes. […]
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World leaders condemn assassination attempt on Trump: ‘Tragedy for democracy’
Republican presidential candidate former President Donald Trump pumps his fist as he is rushed offstage during a rally on July 13, 2024 in Butler, Pennsylvania. Anna Moneymaker | Getty Images News | Getty Images World leaders have joined together to condemn the assassination attempt on former U.S. President Donald Trump over the weekend. Trump was […]
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These are America’s 10 worst states for quality of life in 2024
The job market may have cooled a bit, but there are still far more job openings nationwide than there are people available to fill them. That means qualified workers are still a precious commodity. So, companies seeking to attract great employees like to set up shop in states that offer a great quality of life. […]
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The vast majority of economists say inflation would be better underneath Trump than Biden: WSJ study
Mixture picture demonstrating previous U.S. President Donald Trump and U.S. President Joe Biden. Reuters A majority of economists surveyed by The Wall Road Journal mentioned former President Donald Trump’s procedures would be extra most likely to reignite inflation than President Joe Biden’s would. Of the 50 economists who answered issues about Trump and Biden in […]
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This is the deflation breakdown for June 2024 — in 1 chart
Important Details Deflation steps how rapidly prices are declining for shopper items and companies. Selling prices have deflated for a selection of goods like bodily merchandise, airfare, gasoline and some groceries considering that June 2023, in accordance to the customer price index. A single clarification: Supply and demand dynamics have normalized right after currently being […]
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‘Why would you tinker with it if it is really not damaged?’: Economist on why the Fed may possibly not minimize premiums in September
Jerome Powell, chairman of the US Federal Reserve, during a Senate Banking, Housing, and Urban Affairs Committee listening to in Washington, DC, US, on Tuesday, July 9, 2024. Bloomberg | Bloomberg | Getty Illustrations or photos Markets now firmly anticipate a September curiosity amount reduce in the U.S., but the Federal Reserve has a sturdy […]
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High inflation is largely not Biden’s or Trump’s fault, economists say
Key Points The consumer price index moderated again in June 2024, the Bureau of Labor Statistics said Thursday. The CPI annual inflation rate has declined to 3% from a 9.1% pandemic-era peak in 2022. Neither President Joe Biden nor former President Donald Trump shoulder much of the blame for high inflation, economists said. Source
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