Articles filed under Economy
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British economy unexpectedly grows by 0.2% in second quarter largely because of June weather boostAug 11, 2023 1:00 am - LONDON - The British economy unexpectedly grew in the second quarter of the year, largely as a result of a strong rebound in June when many businesses particularly in th...
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Number of Americans applying for jobless aid rises, but not enough to cause concernAug 10, 2023 1:00 am - The number of Americans applying for jobless benefits jumped last week, but not enough to raise concern about the consistently strong U.S. labor market. U.S. application...
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From eggs to electronics to used cars, consumer inflation eased its grip on households in JulyAug 10, 2023 1:00 am - WASHINGTON (AP) - Inflation in the United States edged up in July after 12 straight months of declines. But excluding volatile food and energy costs, so-called core infl...
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U.S. inflation has cooled. Getting it down to the Fed's target rate will be the toughest mileAug 08, 2023 1:00 am - WASHINGTON - Over the past year, inflation in the United States has tumbled from 9% all the way to 3%, softening most of the price pressures that have gripped the nation...
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Here's what it really takes to make Illinois the best place to live and workAug 06, 2023 1:00 am - Last month, Gov. J.B. Pritzker took a trade tour of the United Kingdom aimed at driving opportunities for investment in Illinois. "When I first ran for governor, I promi...
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Fewer Americans got jobs in July than expected. But a steady market suggests US may avoid recessionAug 04, 2023 1:00 am - WASHINGTON - The job market has cooled over the summer. But it's still strong enough to defy predictions that higher interest rates would tip the United States into rece...
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Bank of England hints that UK borrowing rates will stay high after its new hikeAug 03, 2023 1:00 am - LONDON - The Bank of England raised its main interest rate Thursday to a fresh 15-year high and indicated it would stay high for some time to bring down persistently hig...
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Weekly applications for US jobless aid tick up from 5-month lowAug 03, 2023 1:00 am - WASHINGTON (AP) - The number of Americans seeking unemployment benefits rose slightly last week but remained at a historically low level that points to a robust job mark...
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Mortgage rates tick higher: 30-year, fixed home loan is at 6.90%; 15-year at 6.25%Aug 03, 2023 1:00 am - WASHINGTON (AP) - The average long-term U.S. mortgage rate rose again this week, bad news for Americans seeking to upgrade or buy their first home. The average rate on t...
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Gas prices are rising (again). Here's why.Aug 03, 2023 1:00 am - NEW YORK - U.S. gas prices are continuing to rise - giving drivers across the country another headache at the pump. The national average for gas prices stood at about $3...