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
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 …
Read More »‘Cruel joke’: How Indian H-1B dreams are crash-landing after Trump fee hike | Business and Economy
New Delhi, India — Meghna Gupta* had planned it all – a master’s degree by 23, a few years of working in India, and then a move to the United States before she turned 30 to eventually settle there. So, she clocked countless hours at the Hyderabad office of Tata Consultancy Services (TCS), India’s largest IT firm and a driver …
Read More »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, …
Read More »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. …
Read More »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 …
Read More »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 …
Read More »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 …
Read More »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
Read More »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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