Tag Archives: Economy

How a Government Shutdown Could Affect the Economy – The New York Times

How a Government Shutdown Could Affect the Economy  The New York Times Shutdown Puts a Divided Fed in a Perilous Position  The New York Times What the economic data blackout from the shutdown means for the Federal Reserve  CNBC Government shutdown impact on economy depends on length, breadth of outage, Fed’s Goolsbee says  Reuters Fed’s Goolsbee says central bank has other data options if …

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Government shutdowns usually don’t hurt the economy. This time could be different

Government shutdowns usually don’t hurt the economy. This time could be different

New York  —  Government shutdowns can be political earthquakes that paralyze Washington, DC. But for the economy, shutdowns are often barely a blip. Whatever economic damage occurs during that time tends to be limited and quickly fixed. Even the last government shutdown – the record-long 35-day shutdown in 2018-2019 – had few long-lasting impacts on the US economy and financial …

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Recession seems far off — that’s the good news. Yet the economy is also far from trouble-free. – MarketWatch

Recession seems far off — that’s the good news. Yet the economy is also far from trouble-free.  MarketWatch No one can seem to kill America’s economy, despite everyone’s best efforts  CNN The wealthiest are boosting the economy, as consumer spending rises again  The Washington Post Recession warnings are looking flat wrong as consumers power the economy forward  Axios For third month in a row, …

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The U.S. economy is running even hotter than previously thought, and GDP growth could reach 4% in Q3

The U.S. economy is running even hotter than previously thought, and GDP growth could reach 4% in Q3

While some on Wall Street are worried about a recession, recent economic data show that GDP growth is actually speeding up faster than earlier numbers indicated. On Thursday, second-quarter growth was revised even higher, to 3.8% from a prior reading of 3.3%, on robust consumer spending. That’s after a first-quarter dip that was driven by President Donald Trump’s trade war. …

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No one can seem to kill America’s economy, despite everyone’s best efforts

No one can seem to kill America’s economy, despite everyone’s best efforts

Facebook Tweet Email Link Americans hate this economy, but they keep spending like they love it. The Commerce Department reported Friday that consumer spending rose 0.6% in August. Although that may not sound like a lot, it represented significantly stronger growth than economists had expected. The report wasn’t an outlier: Retail sales also rose 0.6% in August, the Commerce Department …

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How Jensen Huang is Using Nvidia Cash to Rule the AI Economy – The Information

How Jensen Huang is Using Nvidia Cash to Rule the AI Economy  The Information The $100 Billion Nvidia-OpenAI Virtuous Circle Has an Ugly Side  Bloomberg.com Nvidia’s investment in OpenAI will be in cash, and most will be used to lease Nvidia chips  CNBC Nvidia CEO Jensen Huang Says OpenAI Will Be the Next ‘Multi-Trillion-Dollar’ Company  Barron’s Nvidia’s $100bn bet on OpenAI raises plenty of …

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Fact checking Trump’s recent claims about the economy

Fact checking Trump’s recent claims about the economy

Washington — President Trump frequently touts a U.S. economy that’s on the rise under his stewardship: he talks about energy and grocery prices that are falling, lower mortgage rates and claims he’s vanquished inflation. He argues things have never been better for the American consumer, especially after predecessor Joe Biden’s administration.     This month, there were mixed messages on the …

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Recession warnings are looking flat wrong as consumers power the economy forward – Axios

Recession warnings are looking flat wrong as consumers power the economy forward  Axios No one can seem to kill America’s economy, despite everyone’s best efforts  CNN The wealthiest are boosting the economy, as consumer spending rises again  The Washington Post Rich People Feel Pretty Good Right Now  Bloomberg.com For third month in a row, Americans are spending more than they’re making  marketplace.org Source link

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Asheville needs fall tourists to boost post Helene economy : NPR

Asheville needs fall tourists to boost post Helene economy : NPR

Kala Brooks is the bar manager of Top of the Monk, a craft cocktail bar in downtown Asheville. She hopes fall tourists will help boost business. Stephanie Rogers hide caption toggle caption Stephanie Rogers ASHEVILLE, N.C. — Last September, Brandon Davis had just opened the business of his dreams. The funky 70s-themed bar known as Day Trip sat near the …

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