Commentary Word out of the White House is that President Joe Biden wants to tout his economic successes. He’s even embracing the slogan “Bidenomics”—which most people think is a term of as a term of derision and policy flops. On the one hand, the unemployment rate is low and millions of jobs have been created…
Yen Firms Amid Intervention Chatter, Trading Subdued on US Holiday
LONDON/SINGAPORE—The dollar fell slightly against the yen on Tuesday as markets remained on high alert for signs of Japanese intervention, but the broader market was placid with U.S. traders off for a public holiday. The greenback was down 0.18 percent at 1104 GMT to 144.44 yen, after rising 0.27 percent on Monday. However, the yen…
Stocks Drift as Investors Balance Peak Rate Hopes With Oil Price Rise
July 4, 2023
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Business & MarketsCompanieseconomic policieseconomyenergyglobalGold and CommoditiesinflationMarketsrecessionstocks
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LONDON/HONG KONG—Global stocks held steady on Tuesday, as investors balanced the inflationary force of rising oil prices with hopes that central banks would not over-tighten monetary policy into a potential recession. MSCI’s broadest index of world stocks, which rose almost 6 percent last month as the U.S. Federal Reserve paused its cycle of aggressive rate…
Reserve Bank of Australia Pauses Interest Rate Hike in July
July 4, 2023
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AustraliaBusiness & Marketseconomic policieseconomyinflationinterest ratesphilip lowerecessionReserve Bank of AustraliaWorld
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Australians have narrowly avoided a new round of interest rate hikes after the Reserve Bank of Australia (RBA) decided to keep the official cash rate unchanged in July. In its latest board meeting, the RBA announced that it would maintain the current official cash rate of 4.1 percent throughout July. The central bank said the…
Bidenomics: Big Government, Industrial Policy and Centralized Control
July 4, 2023
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Biden InflationBidenomicsBusiness & MarketsDemocratseconomic policieseconomyenergyExecutive Branchindustrial policyinflationPoliticsReaganomicsUS
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With an eye toward the upcoming presidential elections, the White House has launched a new public relations campaign called “Bidenomics,” to define President Joe Biden’s economic agenda. “I don’t know what the hell that is, but it’s working,” Biden stated at a June 17 union rally in Philadelphia, begging the question: what is Bidenomics, and…
ANALYSIS: Bidenomics: Big Government, Industrial Policy and Centralized Control
July 4, 2023
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Biden InflationBidenomicsBusiness & MarketsDemocratseconomic policieseconomyenergyExecutive Branchindustrial policyinflationPoliticsReaganomicsUS
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With an eye toward the upcoming presidential elections, the White House has launched a new public relations campaign called “Bidenomics,” to define President Joe Biden’s economic agenda. “I don’t know what the hell that is, but it’s working,” Biden stated at a June 17 union rally in Philadelphia, begging the question: what is Bidenomics, and…
Fourth of July Cookout Costs Slightly Less This Year, Still More Expensive Than Two Years Ago
Americans planning to celebrate this Fourth of July with a cookout can expect to pay slightly less than they did last year, according to an annual survey by the American Farm Bureau Federation (AFBF), the nation’s largest general farm organization. According to this year’s estimate, families will pay on average $67.73 for groceries to feed…
Price of a US Stamp Rises to 66 Cents, the Second Hike This Year and the 5th Increase Since 2019
NEW YORK— Stamps prices are on the rise, again—one of several changes the U.S. Postal Service is rolling out this month. Starting Sunday, the cost of the first-class “forever” stamps will jump from 63 to 66 cents. The latest price comes just months after forever stamps climbed from 60 to 63 cents in January, following…
Price of Forever Stamp Rises to 66 Cents, 2nd Hike This Year and 5th Increase Since 2019
NEW YORK—Stamps prices are on the rise, again—one of several changes the U.S. Postal Service is rolling out this month. Starting Sunday, the cost of the first-class “forever” stamps will jump from 63 to 66 cents. The latest price comes just months after forever stamps climbed from 60 to 63 cents in January, following a…
Thousands of Hotel Workers Go on Strike in Southern California Over Rising Living Expenses
July 3, 2023
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Business & MarketsCaliforniaCompanieseconomic policieseconomyhotel workersinflationLos AngelesOrange CountyRegional & State NewsSocial IssuesSouthern CaliforniaState NewsstrikeUnite Here Local 11USUS News
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Thousands of Southern California hotel workers went on strike on the Fourth of July weekend for a new contract with higher wages and benefits, according to the employees’ union. Non-managerial hotel staff, including cooks, room attendants, dishwashers, servers, bellmen, and front desk workers, were seen picketing outside major hotels in Los Angeles and Orange counties as the…
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