NEWYou can now listen to Fox News articles! President Biden is solely responsible for “sabotaging” the U.S. economy and energy industry, “Life, Liberty & Levin” host Mark Levin said on his show Sunday, urging viewers to see past the White House’s penchant for finger-pointing and assign blame where it is warranted. “Joe Biden and the […]
As business in Clatskanie, Rainier and across Columbia County work to deal with the latest rate of inflation, the current state of the Oregon economy is a story of strength and challenge. The new report outlines the current impact of inflation in Oregon. … Read more…
The 2022 midterm elections are four months away, and the 2024 presidential election is two years away, but this week’s editorial cartoon gallery offers several commentaries on the prospects for both parties. In our lead image, Walt Handelsman of the New Orleans Times-Picayune/The Advocate sees Democrats and Republicans being dragged down, respectively, by the weight […]
Countries at risk of an economic crisis from the rampant dollar A rampant dollar at a two-decade high crushing most currencies’ buying power in international markets, fears of an economic downturn and burned foreign exchange reserves point to a record number of developing nations now in dire straits. According to Reuters, a record number of […]
Later in July US interest rates are expected to jump for a second time this year, and that’s going to wreck any chance of a global recovery. The Federal Reserve could push its base rate up by as much as a full percentage point, ending 15 years of ultra-cheap money, intended to promote growth. This […]
Ukrainian soldiers near the front line positions in the eastern region of Donetsk, Ukraine, on Thursday.Credit…Mauricio Lima for The New York Times Military analysts have said for days that Russian forces have “paused” their offensive operations in the Donbas region of eastern Ukraine. But try telling that to the Ukrainian fighters under fire and dug […]
Women-owned businesses increasingly important to U.S. economy News-Press Now Read more…
9.1% Consumer Prices (Y/Y) 18.3% Chemical Producer Prices (Y/Y) 0.3% Chemical Production (M/M) MACROECONOMY & END-USE MARKETS Running tab of macro indicators: 11 out of 20 The number of new jobless claims rose by 9,000 to 244,000 during the week ending 9 July. Continued claims fell (by 41,000) to 1.33 million for the week ending […]
Data: ICE, FactSet; Chart: Axios Visuals The Fed’s rate-hiking campaign has sent the value of the dollar to 20-year highs — and the surge could be another headwind for the economy. Why it matters: A stronger dollar affects the economy in a bunch of ways. For better: It should help put a cap on oil […]
Comment on this story Comment Recession fears are ticking up this week after an unexpected pickup in inflation sent markets tumbling and gave businesses and consumers new reason to pause. Two more economic data points coming Friday morning will provide new insights on Americans’ spending habits and their expectations for the economy, and could prompt […]
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