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Economy

Harris team warns CEOs that Trump is a threat to economy, while Trump promises them historic growth

By JOSH BOAK and FATIMA HUSSEIN
Nov 01, 2024 1:57 pm - Kamala Harris ' campaign is actively warning business leaders that Donald Trump has a pattern of disregard for democracy and the rule of law that would threaten U.S. economic growth — a closing argument designed to show the possible consequences for companies and workers if he returns to the White House.
US employers added just 12,000 jobs last month as hurricanes and strikes sharply reduce payrolls

By PAUL WISEMAN
Nov 01, 2024 7:51 am - America’s employers added just 12,000 jobs in October, a total that economists say was held down by the effects of strikes and hurricanes that left many workers temporarily off payrolls. The report provided a somewhat blurry view of the job market at the end of a presidential race that has pivoted heavily on voters’ feelings about the economy.
Inflation gauge closely watched by the Fed falls to lowest level since early 2021

By CHRISTOPHER RUGABER
Oct 31, 2024 8:27 am - As a presidential race profoundly shaped by Americans' frustration with high prices nears its end, the government said Thursday that an inflation gauge closely watched by the Federal Reserve has dropped to near pre-pandemic levels.
November is ‘Thank a Business Month’

Submitted by Better Business Bureau
Oct 30, 2024 9:47 am - As we enter the busiest shopping season of the year, it’s a great time to thank a business. The Better Business Bureau suggests customers give a nod of support and thanks to trusted businesses with great products, customer service, and community involvement.
Jobs report on eve of election will be among the most distorted in years

By CHRISTOPHER RUGABER
Oct 30, 2024 7:50 am - Four days before Election Day, the government will issue its final snapshot of hiring and unemployment in the United States after a presidential race in which voter perceptions of the economy have played a central role.
US economy grew at a solid 2.8% pace last quarter on strength of consumer spending

By PAUL WISEMAN
Oct 30, 2024 7:47 am - The U.S. economy grew at a healthy 2.8% annual rate from July through September, with consumers helping drive growth despite the weight of still-high interest rates.
Trump says gas should be $1.87 a gallon. Here’s what that would mean.

Maxine Joselow
Oct 24, 2024 1:08 pm - It’s become a common refrain during Donald Trump’s presidential campaign: Gasoline prices would plummet if he returned to the White House, falling as low as they were whe...
US applications for jobless benefits fall, but continuing claims rise to highest level since 2021

By MATT OTT
Oct 24, 2024 8:59 am - The number of Americans filing for unemployment benefits fell last week, but the total number of those collecting benefits rose to its highest level in almost three years...
Putin hosts Global South leaders at BRICS summit meant to counterbalance Western clout

Associated Press
Oct 22, 2024 11:11 am - China’s Xi Jinping, India’s Narendra Modi and other world leaders arrived Tuesday in the Russian city of Kazan for a summit of the BRICS bloc of developing economies that the Kremlin hopes to turn into a rallying point for defying Western influence in global affairs.
Yellen says isolationism ‘made America and the world worse off’ in speech to global finance leaders

By FATIMA HUSSEIN
Oct 22, 2024 8:44 am - Treasury Secretary Janet Yellen is telling world financial leaders that the U.S. economy has grown stronger because the Biden administration rejected isolationism, offering a barely veiled criticism of former President Donald Trump’s policies two weeks before the U.S. election.

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