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Economy

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.
Lower-priced new cars are gaining popularity, and not just for cash-poor buyers

By TOM KRISHER
Oct 22, 2024 7:41 am - Across the industry, auto analysts say, an “affordability shift” is taking root. The trend is being led by people who feel they can no longer afford a new vehicle that would cost them roughly today’s average selling price of more than $47,000 — a jump of more than 20% from the pre-pandemic average.
How ‘millionaire’s tax’ ballot question hides a business tax hike

By Matt Paprocki
Oct 20, 2024 6:02 am - The proposed tax promises property tax relief by hitting millionaires. But “millionaires” in Illinois more often than not are entrepreneurs, S-corps, partnerships, LLCs, farmers and sole proprietors.
Wealthier Americans are driving retail spending and powering US economy

By CHRISTOPHER RUGABER
Oct 18, 2024 7:09 am - It’s a trend that has surprised many: Why, despite being squeezed by high prices, have Americans kept spending at retail stores and restaurants at a robust pace?

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