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Economy | LATEST STORIES
UK News
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Owen Evans
Government Spent £140 Million on Heat Pump Grants
An expert said the scheme benefits wealthier homeowners, channelling taxpayers’ funds towards those who are already financially capable of upgrading.
May 14, 2024
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Owen Evans
2 hours
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US
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Andrew Moran
Producer Prices Rise Hotter Than Expected as Inflation Pressures Persist
The producer price index (PPI) has surged 25 percent cumulatively since January 2021.
May 14, 2024
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Andrew Moran
5 hours
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Australia News
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Rex Widerstrom
Budget 2024: Government to Spend $215 Billion More Than it Earns Over the Next Five Years
The Labor government is set to spend $215 billion more than it earns over the next five years.
May 14, 2024
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Rex Widerstrom
7 hours
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Australia News
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Jim Birchall
Australia to Ban Live Sheep Exports by 2028
Sheep are exported live to middle eastern countries but will be stopped after animal rights concerns and farmers will be compensated by a funding package.
May 13, 2024
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Jim Birchall
17 hours
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US News
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Tom Ozimek
Goldman CEO Issues Warning as Interest Costs on America’s Ballooning Debt Exceed Spending on Defense, Medicare
‘We need to deal with the debt and the deficits,’ Goldman Sachs CEO David Solomon said.
May 13, 2024
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Tom Ozimek
18 hours
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US
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Andrew Moran
US Consumers Doubt Inflation Will Be Defeated in Year Ahead: New York Fed Data
From housing to gasoline, consumers expect everything will go up in price over the next year.
May 13, 2024
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Andrew Moran
24 hours
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US Real Estate
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Mary Prenon
America’s Home Insurance Rates Skyrocket–Almost 35 Percent Struggling to Afford Premiums This Year
May 13, 2024
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Mary Prenon
24 hours
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Analysis
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David Stockman
Strong Economy? Think Again
May 13, 2024
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David Stockman
May 13
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Australia News
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Alfred Bui
Cost of Living Surge: 69 Percent of Australians Say Groceries Cost More
Six in 10 shoppers reported spending more on housing, insurance, and groceries compared to the same time last year.
May 12, 2024
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Alfred Bui
May 12
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Economy
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Bill Pan
California Leads the Nation in Job Losses: Federal Data
Nearly a million California residents are jobless.
May 11, 2024
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Bill Pan
May 11
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Premium Reports
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Nathan Worcester
Republicans See Warning Signs for Trump in Southern Battleground State
‘We just work harder,’ says one Democrat organizer in a purple area.
May 10, 2024
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Nathan Worcester
May 10
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Economy
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Andrew Moran
US Records First Budget Surplus Since August Thanks to Tax Filing Season
Social Security and net interest payments topped U.S. outlays in April.
May 10, 2024
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Andrew Moran
May 10
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UK News
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Lily Zhou
UK out of Recession With Fastest Growth in 2 Years
Chancellor Jeremy Hunt declared the economy is ’returning to full health' after GDP expanded by 0.6 percent in the first quarter.
May 10, 2024
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Lily Zhou
May 10
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Executive Branch
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Kevin Stocklin
Biden Administration Hands Down Record Number of Regulations in April
‘Bidenomics is a form of state capitalism,’ Steve Hanke, economics professor at Johns Hopkins University, stated.
May 10, 2024
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Kevin Stocklin
May 10
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Economy
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Katabella Roberts
US Weekly Jobless Claims Reach Highest Since August 2023
First-time applications for unemployment benefits soared by 22,000 to 231,000.
May 10, 2024
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Katabella Roberts
May 10
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Australia News
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Jim Birchall
Air Vanuatu in Financial Trouble as Receivers Called In
Passengers were stranded as the liquidation took immediate effect, but EY says it is optimistic the airline can return to profitability.
May 10, 2024
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Jim Birchall
May 10
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Presidential Race
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Andrew Moran
Biden on Economy: Americans Are ‘Personally in Good Shape’
The polling data have been wrong all along, the president said in a rare appearance on CNN.
May 09, 2024
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Andrew Moran
May 09
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Opinion
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Law Ka-chung
1 Percent More Hike in Interest May Be Needed to Achieve Inflation Target
May 09, 2024
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Law Ka-chung
May 09
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US News
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Andrew Moran
Sen. Jon Tester Proposes Balanced Budget Amendment to Address Growing Debt
Washington should not ‘pass an unpayable bill onto our kids and grandkids,’ the democrat senator says.
May 08, 2024
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Andrew Moran
May 08
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US News
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Andrew Moran
Billionaire Ken Griffin Doesn’t See Fed Achieving 2 Percent Inflation Without ‘Real Recession’
Hedge fund manager expects central bank to cut interest rates in December.
May 07, 2024
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Andrew Moran
May 07
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