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Saturday, July 24, 2021
Here’s a riddle: What is both too hot and too cold? The answer: the United States economy in the summer of 2021.That is the common thread that comes through in economic data; shifts in financial markets; anecdotes from businesses; and experiences of ordinary people who are simultaneously enjoying higher......
Jul 24th 2021IT WAS INEVITABLE that global economic growth would slow from the breakneck pace set as economies recovered from the pandemic. Lately, investors have begun to worry about something worse: that America’s economy, which has led the rich-world rebound, could decelerate sharply. As well as supply bottlenecks and......
Shoppers carry bags of purchased merchandise at the King of Prussia Mall, United States' largest retail shopping space, in King of Prussia, Pennsylvania, U.S., December 8, 2018. REUTERS/Mark Makela/File PhotoJuly 22 (Reuters) - A gauge of future U.S. economic activity increased in June, suggesting the economy continued to......
The dollar index, which gauges the greenback's strength against a basket of six currencies, slipped 0.01% to 92.74. The rupee strengthened against the U.S. currency for the second straight session on Thursday, closing 15 paise higher at 74.46 (provisional) amid a rally in the domestic stocks. At the interbank forex......
Illustration: Liu Rui/GTThe US government and its allies from Europe and the Asia-Pacific accused China of hacking the Microsoft Exchange email server. China's Foreign Ministry and embassies and representatives in several countries and international organizations have refuted the US' groundless accusation.The Microsoft case is only an o...
Subscribers to The Climate Crisis newsletter received this piece in their in-boxes. Sign up to receive future installments.The disastrous flooding in Europe last week is another reminder that the climate crisis is no respecter of borders: carbon (and wildfire smoke) floats above them and roaring rivers crash through them.......
(Bloomberg) -- Argentina’s economy posted its worst decline in a year in May as the government implemented another strict lockdown and a temporary ban on beef exports cooled the business climate.Economic activity declined 2% in May from a month earlier, in line with economists’ expectations. It’s the third drop......
U.S. one dollar and British five pound are seen in this illustration taken May 7, 2021. REUTERS/Dado Ruvic/IllustrationRisk appetite rises with stocks up, U.S Treasuries selling offAnalysts expect the dollar to rise in near termNEW YORK/LONDON, July 21 (Reuters) - The safe-haven dollar on Wednesday pulled back from more......
BEIJING (AP) — Asian stock markets were mixed Wednesday after Wall Street rebounded and Japanese exports surged as investors tried to figure out how rising coronavirus infections will affect the global economy.Shanghai, Tokyo and Sydney advanced. Hong Kong and Seoul declined.Overnight, Wall Street’s benchmark S&P 500 index gained 1.5%,......
This is part of a series, ‘Economists Exchange’, featuring conversations between top FT commentators and leading economists about coronavirus economic recoveryHeather Boushey, a member of US president Joe Biden’s Council of Economic Advisers and one of the architects of the administration’s approach to everything from corporate concentration t...
State tax collections increased by $924 million, or nearly 16%, year-over-year for the fiscal 2021 year that ended in June, a state report released Tuesday showed, as Mississippi’s economy recovers from the COVID-19 pandemic and percolates from billions in federal government spending. The largest increase for fiscal y...
Gold prices moved lower on Tuesday experiencing whipsaw price action. The dollar continued to rally as the move into the greenback seems to be a flight to safe-haven assets. Since gold prices are quoted in U.S. dollars, the rallying greenback is weighing on gold prices. The rally in the......