Act

Consumers are starting to act as if recession is imminent

Consumers are starting to act as if recession is imminent

Text size Consumer dissatisfaction is worse among households earning less than $50,000 a year, writes Dana M. Peterson. Frederic J. Brown/AFP/Getty Images About the Author: Dana M. Peterson is chief economist at the Conference Board. Consumers sense that a recession is imminent and are beginning to behave accordingly. They become more and more unhappy by …

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House Speaker Nancy Pelosi, D-Calif.

House must act to avert freight train strike to save economy

WASHINGTON — The House overwhelmingly passed legislation Wednesday afternoon that would help avert a freight railroad strike that the White House says could cripple the U.S. economy — 30 years after Congress last intervened. in an impending rail closure. Lawmakers also passed a related measure that would grant an additional seven days of paid sick …

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Analysis |  UK's Balanced Budget Act must be credible for markets

Analysis | UK’s Balanced Budget Act must be credible for markets

Comment this story Comment Britain’s Chancellor of the Exchequer Jeremy Hunt has the unenviable task in Thursday’s autumn statement of balancing the nation’s books without plunging it into recession. The reaction of the bond market will tell us if it has found the right balance. The size of Britain’s fiscal hole, allegedly as deep as …

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Why egg prices are rising - but chicken prices are falling: It's an 'act of God' event, says a business strategist

Why egg prices are rising – but chicken prices are falling: It’s an ‘act of God’ event, says a business strategist

A shopper checks a box of eggs at a grocery store in San Francisco on May 2, 2022. David Paul Morris | Bloomberg | Getty Images Which (price change) came first, the chicken or the egg? Grocery prices are rising at their fastest rate in decades, and neither are eggs. Yet chicken prices fell in …

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Europe shows united front against Biden's Cut Inflation Act, says it threatens industry

Europe shows united front against Biden’s Cut Inflation Act, says it threatens industry

German Federal Finance Minister Christian Lindner (L) and French Economy, Finance and Recovery Minister Bruno Le Maire (R) both criticized the US Inflation Reduction Act for discriminating against towards European companies. Thierry Monasse | Getty Images News | Getty Images EU member states are strongly opposed to President Joe Biden’s Cut Inflation Act, fearing it …

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