Tag: Economy
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Israel’s long war in Gaza and mass call ups strain high-tech economy
With the war in Gaza intensifying and little to no sign of a ceasefire, Israel’s economy and businesses are bracing for further strain. Over almost two years of fighting, repeated army call ups have forced business leaders like Nimrod Vax to make do with fewer workers. At one point, he says, 20% of the 600…
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Federal Reserve shows unexpected unity, independence as it weathers Trump’s attacks
In what was expected to be a contentious Federal Reserve meeting, policymakers on Wednesday instead emerged with a nearly unanimous voice to cut interest rates by a quarter-point
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Federal Reserve cuts key rate for first time this year
The Federal Reserve cut its key interest rate by a quarter-point Wednesday and projected it would do so twice more this year as concern grows at the central bank about the health of the nation’s labor market
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US stocks churn amid uncertainty about how many more rate cuts are coming from the Fed
U.S. stocks churned between gains and losses, but they ultimately remained near their record levels
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Wall Street edges back from its record heights
U.S. stocks edged back from their record heights
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Wall Street rises to more records as Tesla vrooms higher
Wall Street rose to more records
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Steve Lopez: The immigration raids are crushing LA’s fire recovery and California’s economy
LOS ANGELES — The crew had just poured a concrete foundation on a vacant lot in Altadena when I pulled up the other day. Two workers were loading equipment onto trucks and a third was hosing the fresh cement that will sit under a new house. I asked how things were going, and if there…
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Wall Street coasts to the finish of its best week in the last 5
Wall Street coasted to the finish of its best week in the last five
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Unemployment, inflation and GDP growth will be worse this year than projected, budget office says
The Congressional Budget Office has released new economic projections, indicating that unemployment, inflation and overall growth will worsen in 2025 before improving over the next year
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Wall Street rallies as a cut to interest rates next week looks more certain
Wall Street rolled to more records after mixed data on the economy cemented expectations for coming cuts to interest rates