The American economy is growing at its fastest clip in a quarter-century, yet it remains far from normal, with some workers and small-business owners facing increasingly tough times while others thrive. That divergence poses a challenge to President Biden, who has promoted the nation’s economic recovery as a selling point in his quest to win...Read More
Private wealth updates Sign up to myFT Daily Digest to be the first to know about Private wealth news. What next for the world’s rich? They have managed to maintain or even enhance their fortunes during the pandemic. Will they do well in the recovery too? Credit Suisse thinks so. The Swiss bank’s 2021 global...Read More
By Molly Bashay and Cameron Johnson While the country is undoubtedly enduring a climate crisis, it is also experiencing a jobs and economic crisis, exacerbated by the pandemic. The current 5.4 million jobs shortfall means millions of families are still economically insecure as already-meager federal aid comes to an end. After the most economically devastating...Read More
* Disclosure: This post contains affiliate links and we may earn a small commission if you use them. Dollar General has a new 3-Day Sale through Saturday, 9/4 including good buys on Chex Mix, peanuts, beef jerky, cookies, Angel Soft bath tissue, 7UP, Dr. Pepper, Sunkist, Canada Dry, A&W, 7Up, RC Cola and more! Coupon:...Read More
Workers prepare parcels for delivery at a warehouse in Beijing, China. The first half of this year compared to the first half of 2019 shows that while tariffs expanded, U.S. imports from China actually rose. Photo: Kevin Frayer/Getty Images The U.S. trade deficit with China rose 20% in the last 12 months, despite the tariffs...Read More
The promoters of the $1.7 billion CopperString 2.0 transmission line says they have reached an important milestone, with approval from the Electricity Transmission Authority for the proposed new link between Townsville and Mt Isa. Copperstring is one of the major new transmission projects and is designed to unlock both major renewable energy resources, and some...Read More
* Graphic: World FX rates in 2020 http://tmsnrt.rs/2egbfVh * Graphic: Trade-weighted sterling since Brexit vote http://tmsnrt.rs/2hwV9Hv LONDON, Sept 1 (Reuters) – Sterling steadied on Wednesday close to two-week highs versus the dollar, with the pound taking its cue from other currencies given this week is light on data and Bank of England speakers. The pound...Read More
In a recent Financial Times interview, Gita Gopinath, the International Monetary Fund’s (IMF) chief economist, warned that the emerging market economies cannot afford a repeat of the 2013 Bernanke “taper tantrum.” That tantrum occurred when the Federal Reserve signaled a sooner-than-expected withdrawal of monetary policy stimulus, which sparked a surge in global borrowing costs. Judging...Read More
A measure of business conditions in the Chicago region slipped in August, but not because of delta: Most companies said they still can’t get enough supplies or labor to keep up with new orders. The Chicago Business Barometer, also known as the Chicago PMI, fell to 66.8 last month from 73.4 in July. Just a few...Read More
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