Economy news
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Understanding Bidenomics: President Biden’s Economic Plan Unveiled
During a speech, President Joe Biden acknowledged the term “Bidenomics” that the press has assigned to his economic plan. While…
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Treasury Investors Fearing Recession as Yield Curve Inverts, Despite Buoyant Risky Assets
Investors in the Treasury bond market are expressing concerns that the Federal Reserve’s interest rate hikes could push the US…
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UK Inflation Holds Steady, Puts Pressure on Bank of England
The annual inflation rate in the UK unexpectedly remained at 8.7% in May, according to official data released on Wednesday.…
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Chinese Company Abandons GDR Plan as Listing Rules Tighten
Bethel Automotive Safety Systems Co (603596.SS), a Shanghai-listed automotive braking system manufacturer, has decided to scrap its plan to issue…
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Markets Plunge on Higher-Than-Expected Inflation Numbers
U.S. stocks slumped on Tuesday, with technology shares taking the biggest hit, after data showed monthly consumer prices unexpectedly rose…
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China Central Bank Governor Pledges Stronger Support to Economy
China’s central bank will step up the implementation of its prudent monetary policy to provide stronger economic support, Governor Yi…
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This Tesla, Ford Supplier Is Weighing 2 Sites In Mexico For $5B Battery Plant
TSLA battery supplier Contemporary Ameprex Technology Co. Ltd. (CATL) has set its sights on constructing a manufacturing plant in Mexico…
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Here’s what Warren Buffett’s favorite stock market indicator is saying now
Stocks have endured a terrible start to the year as investors fret about soaring inflation and the Russia-Ukraine war —…
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Why US gas prices are at a record and why they’ll stay high for a long time
Gas prices in the US have hit an all-time high for the second day in a row: The national average…
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S&P 500 posts lowest close since June; Nasdaq falls 3.6%, Dow drops almost 800 points
Ongoing worries about the ripple effect of Russia’s assault on Ukraine and the impact of higher oil prices sparked widespread…
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