In a 2019 presidential debate, Kamala Harris emphasized, “I am not a protectionist Democrat.” But Ms Harris is not a free trade democrat either. She said she opposed the 1992 North American Free Trade Agreement, which President Biden voted for during his Senate term, as well as the Trans-Pacific Partnership, an agreement supported by the…
Economic growth accelerated more than expected in the spring as cooling inflation and a strong labor market allowed consumers to continue spending even as high interest rates weighed on their finances. Inflation-adjusted gross domestic product rose 2.8 percent annually in the second quarter, the Commerce Department said Thursday. That was faster than the 1.4 percent…
Gross domestic product was expected to rise 2.1% on an annual basis in the second quarter. Source link 2024-07-25 15:45:07 www.cnbc.com
The U.S. economy is growing slower than expected and inflation remains stubbornly high worldwide, two developments that pose risks to the global economy, the International Monetary Fund said on Tuesday. The IMF’s latest World Economic Outlook report has highlighted persistent vulnerabilities that could derail a so-called soft landing for the global economy – a global…
Ultimately, in a 2022 podcast interview, he told Steve Bannon, a longtime Trump adviser now serving a four-month prison sentence for contempt of Congress: “I don’t care what happens to Ukraine one way or another. “ Here’s a look at Mr. Vance’s previous comments on U.S. support for Ukraine. The “math” makes the war in…
In recent years, as major manufacturers announced plans to expand production in Mexico, unions expressed concerns that American jobs would be moved overseas. Now those concerns have led the United Automobile Workers union, a prominent supporter of President Biden, to criticize the administration’s decision not to investigate allegations of labor rights abuses by a Mexican…
Federal Reserve officials use government data to determine when to raise or lower interest rates. Congress and the White House use it to decide when unemployment benefits will be extended or stimulus payments will be paid out. Investors are making billions of dollars’ worth of bets tied to monthly reports on job growth, inflation and…
The Biden administration on Tuesday awarded $504 million to a dozen projects across the country to transform communities that have been overlooked in the past into technological powerhouses. The grants will fund “tech hubs” aimed at increasing production of critical technologies in regions such as western Montana, central Indiana, southern Florida and New York State….
David A. Steinberg, CEO of Zeta Global Holdings, at the New York Stock Exchange. Source: NYSE Measuring the strength of the sprawling U.S. economy is no easy task, so one company is sending artificial intelligence to do the job. The Zeta Economic Index, released Monday, uses generative AI to analyze what its developers call “trillions…
The 2021 settlement angered families of crash victims, who have long argued that Boeing and its executives should face greater consequences, including a public trial. Many of those families have reached civil settlements with the company, although a few are pursuing civil damages proceedings that are scheduled to begin later this year. In 2022, a…
