Economy

More than 500 Biden Administration employees have reportedly signed an open letter urging the president to call for a ceasefire between Israel and Hamas. These employees may be using their roles in the federal government to undercut efforts aimed at supporting Israel. Further, the employees may have potentially violated the Hatch Act, which prohibits federal …

Rubio Demands Investigations Into Biden Staff Ceasefire Letter … – Senator Marco Rubio Read More »

Nov 28 (Reuters) – Deep discounts on everything from beauty products and toys to electronics during the Thanksgiving weekend enticed U.S. shoppers to splurge about $38 billion online, signaling a strong holiday shopping season even as economic uncertainty swirled. Online consumer spending jumped 7.8% during Cyber Week, or the five days from Thanksgiving through Cyber …

US Thanksgiving weekend sales hit record on big discounts, online … – Reuters Read More »

In many ways, the healthcare real estate sector is a stealth one. Year after year, these assets, primarily medical office, produce steady returns with little fluctuation, delighting its loyal investors. Senior housing, another component of this asset class, is much the same albeit with a little more volatility depending on its fundamentals. Still, navigating these …

Healthcare And Senior Housing Influencers – Globe St. Read More »

As a quick check on the state of play in the U.S. economy, the latest numbers show inflation is down to 3.2%, and core inflation, with food and energy prices removed, sits at 4% — double the 2% mark that the Federal Reserve is looking for. Meanwhile, the average 30-year mortgage rate is sitting at …

“Has there ever been a bigger gap” between economic mood and … – Marketplace Read More »

Federal Reserve officials appear to be dialing back the chances of future interest rate increases, after months in which they have carefully kept the possibility of further policy changes alive for fear that inflation would prove stubborn. Several Fed officials — including two who often push for higher interest rates — hinted on Tuesday that …

Fed Officials Hint That Rate Increases Are Over, and Investors Celebrate – The New York Times Read More »

A recent loss in a long-running dispute over Canada’s dairy tariff-rate quota policies means the threat of U.S. retaliatory tariffs against imports from Canada appears to be off the table. Under the U.S.-Mexico-Canada Agreement, Canada has the right to maintain TRQs on the following dairy products: milk, cream, skim milk powder, butter and cream powder, …

Trade Retaliation Against Canada in Dairy Case Appears Dead – Sandler, Travis & Rosenberg, PA Read More »

America’s debt problem has caused a dangerous sugar high for the economy, Jamie Dimon said.  The JPMorgan chief pointed to the enormous surge of new debt taken on during the pandemic.  That money propped up the economy, but was like “heroin” in the hands of consumers, he said. Loading Something is loading. Thanks for signing …

Jamie Dimon: US is addicted to debt, economy is on dangerous sugar high – Business Insider Read More »

Since hitting an 11-month high in early October, the US dollar index (DXY) has fallen 3.8% and this has been largely due to investors backing the recent equity market rally, analysts at Bank of America said on Tuesday. The dollar has long been regarded as a safe-haven asset. Keeping investments tied up in dollar assets …

Dollar Decline: Stock Market Rally Explains 70% Of Recent US Dollar Downtrend, Says BofA – Apple (NASDAQ: – Benzinga Read More »

A woman carries shopping bags during the holiday season in New York City, U.S., December 21, 2022. REUTERS/Eduardo Munoz/File Photo Acquire Licensing Rights Consumer confidence index rises to 102.0 in November October index reading revised down to 99.1 from 102.6 Labor market differential widens slightly to 23.9 from 23.8 Annual house price growth accelerates in …

US consumer confidence rises; house prices accelerate – Reuters Read More »

Business Metrics for Cisco Cloud Observability Capability Enables Customers to Protect Revenue, Improve Digital Experiences and Manage Brand Reputation. News Summary:   New business metrics for Cisco Cloud Observability enable customers to significantly enhance critical business context when observing the end-to-end flow of modern applications. Business metrics and AWS cloud services integrations enrich and expand Cisco’s business transaction …

Cisco Launches New Business Performance Insight and Visibility for … – PR Newswire Read More »