News
US personal income expenditure rises
Personal income expenditures rose 0.5% on a monthly basis, while personal income rose 0.3%, according to a report for July...
ConocoPhillips to buy Marathon Oil
The mammoth $16 billion acquisition of Marathon Oil by Conoco Phillips is expected to close in 4Q24 pending Federal Trade...
US Metropolitan area employment down
Metropolitan area employment was down in 350 of 389 metropolitan areas, lower in 22 areas and unchanged in 17 areas,...
IBM to close China R&D department
IBM will be transferring its R&D operations in China to other facilities abroad, according to newswire Dow Jones, due to...
Beef prices reach record highs on back of drought
Droughts in Texas, the most important beef producing state in the US, have led to record hig prices as herds...
US Treasury Department sanctions former president of Haiti
Michel Joseph Martelly was sanctioned yesterday by the US Department of Treasury’s Office of Foreign Assets Control for participating in...
Elon Musk snarks at Kamala Harris’ tax policy proposals on X
Elon Musk snarked that Kamala Harris’ tax policies would lead to “bread lines and ugly shoes,” in response to proposals...
Fed Governor Bowman sees economy slowing
Lower consumer spending, slowing wage growth and reduced employment are all factors which could feed into a decision to lower...
Clean energy policies channel dollars to US agricultural sector
The Biden administration’s signature Inflation Reduction Act has to date resulted in more than $780 million in investment in 4700...
COVID-era liquid assets dwindling as household debt reaches all-time high
Liquid assets accumulated during the low-spending COVID era are “running dry” according to researcher at the San Francisco Federl Reserve,...
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