David Burritt expressed confidence that the sale of the American manufacturer to a Japanese owner would close “on its merits” despite bipartisan backlash.
Category: United States Economy
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How the Fed Cutting Interest Rates Affects Banks, Stocks and More
For corporate America, this week’s expected interest rate cut carries risks along with rewards.
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Are Voters Feeling Better About the Economy?
After another tumultuous weekend in the presidential campaign, Americans are still largely focused on their finances, new surveys show. That could give an edge to Vice President Kamala Harris.
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As Federal Reserve Readies Interest Rate Cut, Risks to Job Market Still Loom
The Federal Reserve is poised to lower interest rates this week. Recent jobs data have been a reminder that a soft landing is not yet assured.
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U.S. Mortgage Rates Fall to 6.2%, Lowest Since Early 2023
The average rate on 30-year mortgages declined to 6.2 percent this week, the lowest point since early 2023.
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Why Low Layoff Numbers Don’t Mean the Labor Market Is Strong
Past economic cycles show that unemployment starts to tick up ahead of a recession, with wide-scale layoffs coming only later.
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Inflation Cooled in August, Keeping the Fed Poised to Cut Rates
Consumer Price Index inflation continued to cool, reaching a new three-year low. But signs of stubbornness lingered under the surface.
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Gas Prices Are Falling, a Win in Fight Against Inflation
A gallon of regular gasoline in August was down nearly 12 percent from a year earlier, reflecting a fall in oil prices as well as a decline in demand.
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Poverty Increased in 2023 as Prices Rose and Pandemic Aid Programs Expired
More faced hardship in the United States last year, the Census Bureau said, as inflation and the end of subsidies outweighed higher incomes.
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An American Sovereign Wealth Fund? Easier Said Than Done.
Creating a U.S. investment fund to compete against those in China and the Middle East could create more problems than it would solve.
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Trump’s Promises to Cut Inflation Are Unrealistic, Many Economists Say
Economists and analysts are dubious of Trump’s promises to slash gas prices or prod interest rates lower.
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Harris Economic Plan Focuses on Prices, a Key Vulnerability
Vice President Kamala Harris has been balancing the challenges of defending “Bidenomics” and charting her own course on the economy.