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Economy
478 posts
Gen X’s Retirement Woes May Give Rise to a Generation of ‘Silver Squatters’
Generation X is less fiscally secure and will need more financial and housing help from their families than older generations, a new study found. Nearly a quarter of current 55-year-olds expect to need financial support from family in retirement—twice as many as 65- and 75-year-olds (12%). Potentially becoming “silver squatters,” one in five (21%) also
Thailand to Give Millions of Citizens $275 Each Due to Struggling Economy
Thailand is gearing up to give about 50 million citizens digital cash handouts that officials hope will boost the lagging economy. Only eligible businesses and people can register for the controversial program, the Associated Press (AP) reported on July 15. “The government announced in April the widely criticized ambitious plan, named the Digital Wallet, meant to
Flashback: Harris tried to defund Border Patrol agents, slash ICE budget
close Video Presidential race appears to be tightening since Biden's withdrawal and ascension of Kamala Harris. Fox News senior White House correspondent Jacqui Heinrich has more on new presidential polling and potential debates between Trump and Harris on Special Report. Then-Sen. Kamala Harris, in 2018, pushed her colleagues in the Senate to reject a request
Viktor Orbán’s Hungary Takes Out Billion Dollar Chinese Loan
The government of Hungarian Prime Minister Viktor Orbán confirmed this week that it had taken out a billion-euro ($1,086,525,000) loan owed to Chinese banks that Budapest must repay in three years. The loan process was reportedly completed in April, a month before China’s genocidal communist dictator Xi Jinping visited Hungary to sign more than a
Fed’s preferred inflation gauge cools, adding to likelihood of a September rate cut
The Federal Reserve’s favored inflation measure remained low last month, bolstering evidence that price pressures are steadily cooling and setting the stage for the Fed to begin cutting interest rates in September Fed’s preferred inflation gauge cools, adding to likelihood of a September rate cutBy CHRISTOPHER RUGABERAP Economics WriterThe Associated PressWASHINGTON WASHINGTON (AP) — The
Core Inflation Cools But By Less Than Expected
The Federal Reserve’s go-to inflation gauge showed a slight easing of inflation in June and consumer spending remained solid, bolstering the argument that the Fed’s policy could be “just right” and undermining calls for an urgent rate cut. The core personal consumption expenditures (PCE) price index, which omits food and energy costs, ticked up just
G20 seeks common ground on taxing super-rich
G20 finance ministers are expected to take a first step towards international cooperation on taxing the super-rich Friday, with a deal in Brazil likely to call for individual nations to strengthen their own measures, rather than delivering a set of unified regulations. The initiative is a key priority for Brazil’s leftist president Luiz Inacio Lula
Bank of Canada lowers key lending rate to 4.5%
Canada’s central bank on Wednesday lowered its key lending rate to 4.5 percent, saying the second straight cut of 25 basis points was warranted due to slowing inflation. Canada had held its benchmark rate steady for almost a year at 5.0 percent, the highest level in two decades, before initiating a cut in early June.
Consumer Sentiment Hits Eight-Month Low Amid Inflation Woes
US consumer sentiment dropped in July to its lowest level in eight months as persistent high prices and stubbornly high inflation continued to erode confidence in personal finances. According to the University of Michigan, the final July sentiment index fell to 66.4 from 68.2 in June. The preliminary reading for the month had been 66
How JD Vance’s Attacks On ‘Childless Cat Ladies’ Reflect His Policy Views
Forbes Business Breaking How JD Vance’s Attacks On ‘Childless Cat Ladies’ Reflect His Policy Views Alison Durkee Forbes Staff Alison is a senior news reporter covering US politics and legal news. Following Jul 26, 2024, 01:14pm EDT Share to Facebook Share to Twitter Share to Linkedin Topline GOP vice presidential candidate Sen. JD Vance, R-Ohio