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Upbeat economic outlook aids Biden’s deficit push

The proposed budget, however, forecasts a trajectory for U.S. economic growth and inflation that is rosier than some outside analysts’ current forecasts. That is partly because the White House finalized its forecasts last November. But even compared with what other forecasters expected then, the budget’s projections for economic growth over the long term are also […]

Villanova Wildcats Final Four game to provide positive effect on local economy

VILLANOVA, Pennsylvania (WPVI) — The Villanova Wildcats are just one day away from taking on Kansas in the NCAA Final Four. Some families have found enough reason to celebrate. With anticipation continuing to build on campus, students and parents were dashing to the bookstore to buy last-minute gear. “We just went in. All the good […]

Joe Biden’s next economic crisis: A recession? | American Enterprise Institute

By Desmond Lachman Are Joe Biden’s policies creating the conditions for a recession? Today’s very strong labor market numbers do not bode well for President Biden’s prospects in this November’s mid-term elections. By confirming Federal Reserve Chair Jerome Powell’s characterization of the labor market as “tight to an unhealthy degree”, today’s employment numbers leave the Fed with little option but to slam […]

Testing batteries; Battle of the dollar store giants

We tested double-A disposable batteries from different brands and found surprising results about batteries bought at dollar stores. Our investigation reveals which batteries you should buy — and which ones you might want to avoid. Plus, is shopping at a dollar store always saving you money? We put two of Canada’s most popular dollar stores to […]

How to protect your savings if a recession is on the horizon

An inversion in Treasury yields has stoked investor concerns that a recession might be on the horizon, but strategists say there are steps you can take now to protect your savings. Morsa Images | E+ | Getty Images With a historical indicator of recessions flashing red this week, financial experts have shared their top tips […]

Russia-Ukraine War: Live Updates and Latest News

Under growing pressure to bring down high energy prices, President Biden announced on Thursday that the United States would release up to 180 million barrels of oil from a strategic reserve to counteract the economic impact of Russia’s invasion of Ukraine. With midterm elections just months away, gasoline prices have risen nearly $1.50 a gallon […]

In My Opinion: Building a circular economy business

The leader of ATRenew, China’s largest used phone reverse logistics and resale company, explains how his NYSE-listed company has found success by building itself around government sustainability initiatives. | Y Photo Studio/Shutterstock Looking beyond COP26, we aspire to give a second life to all idle electronic devices. The 2021 U.N. Climate Change Conference, aka COP26, […]

Thai March economic activity pressured by rising inflation, infections

A view of Bangkok’s port amid the spread of the coronavirus disease (COVID-19) in Bangkok, Thailand, June 21, 2020. REUTERS/Athit Perawongmetha Register now for FREE unlimited access to Reuters.com Register Feb exports +16% y/y vs +7.9% in Jan Feb private consumption -0.6% m/m, investment -0.9% Feb current acc. deficit at $652 mln vs $2.2 bln […]

America’s Roundup: Dollar eases to near two-week low, Wall Street ends lower, Gold gains 1%, Oil up 3% on tight supply, prospects of new Russia sanctions-March 31st,2022

Market Roundup •US Mar ADP Nonfarm Employment Change 455K,450K forecast,475K previous •US Core PCE Prices (Q4) 5.00%, 5.00% forecast, 5.00% previous •US GDP Price Index (QoQ) (Q4) 7.1%,7.2% forecast, 7.2% previous •US GDP (QoQ) (Q4) 6.9%,7.1% forecast, 2.3% previous •US GDP Sales (Q4) 1.5%,2.0% previous •US Real Consumer Spending (Q4) 2.5% ,3.1% previous •US Corporate Profits (QoQ) […]