Tag #Us Economy

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abcnews.go.com

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May 23, 19:15

Home Renovation Spending Soars Amid Economic Slowdown

US building materials retail sales rose 0.8% in April 2024, exceeding overall retail growth as homeowners invest more in renovations due to high mortgage rates, aging homes, and reluctance to sell; experts predict continued growth despite economic uncertainty.

Home Renovation Spending Soars Amid Economic Slowdown

US building materials retail sales rose 0.8% in April 2024, exceeding overall retail growth as homeowners invest more in renovations due to high mortgage rates, aging homes, and reluctance to sell; experts predict continued growth despite economic uncertainty.

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Sustainable Cities and Communities

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How are rising mortgage rates and the aging US housing stock contributing to the current trend in home renovation spending?

The resilience of home renovation spending is linked to several factors: high mortgage rates deterring home sales, an aging housing stock requiring more repairs, and low borrowing rates during the pandemic creating reluctance to sell and buy again at higher rates. This trend contrasts with overall retail sales, highlighting the strength of this specific market sector.

forbes.com

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May 22, 16:15

Trump Nominee Seeks to End OPT, Contradicting President's Stance

Joseph Edlow, President Trump's nominee to head U.S. Citizenship and Immigration Services, wants to end Optional Practical Training (OPT) and STEM OPT, impacting 242,782 international students and contradicting President Trump's support for granting green cards to foreign graduates.

Trump Nominee Seeks to End OPT, Contradicting President's Stance

Joseph Edlow, President Trump's nominee to head U.S. Citizenship and Immigration Services, wants to end Optional Practical Training (OPT) and STEM OPT, impacting 242,782 international students and contradicting President Trump's support for granting green cards to foreign graduates.

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Decent Work and Economic Growth

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How do the economic benefits of OPT and STEM OPT programs compare to the potential negative impacts of eliminating them?

Edlow's proposal to eliminate OPT and STEM OPT clashes with the economic benefits these programs provide. Studies show OPT does not displace American workers and even correlates with lower unemployment rates in STEM fields. Eliminating these programs would harm U.S. innovation and competitiveness, as international students significantly contribute to research and development.

cnnespanol.cnn.com

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May 22, 01:10

\"US Stocks and Bonds Plunge Amid Moody's Downgrade and Weak Treasury Auction\

US stocks and bonds fell sharply on Wednesday, with the Dow closing down 817 points (1.91%), following a weak 20-year Treasury bond auction and Moody's recent downgrade of US debt, increasing concerns about the status of US assets.

\"US Stocks and Bonds Plunge Amid Moody's Downgrade and Weak Treasury Auction\

US stocks and bonds fell sharply on Wednesday, with the Dow closing down 817 points (1.91%), following a weak 20-year Treasury bond auction and Moody's recent downgrade of US debt, increasing concerns about the status of US assets.

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Reduced Inequality

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How does the rising US debt-to-GDP ratio contribute to concerns about the country's creditworthiness and the status of US assets?

The decline followed a weak demand for a US 20-year Treasury bond auction, which resulted in a yield above 5%. This indicates investors are demanding higher returns for holding US debt, reflecting concerns about the country's creditworthiness following a recent downgrade by Moody's. The rising Treasury yields further underscore these concerns, reaching levels not seen since February.

pt.euronews.com

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May 22, 10:12

Bitcoin Hits Record High Amidst GENIUS Act Optimism and Institutional Investment

Bitcoin hit a record high of $111,000 on Thursday due to optimism surrounding the upcoming passage of the GENIUS Act, a stablecoin bill, alongside increased institutional investment, contrasting with a weak US Treasury bond auction.

Bitcoin Hits Record High Amidst GENIUS Act Optimism and Institutional Investment

Bitcoin hit a record high of $111,000 on Thursday due to optimism surrounding the upcoming passage of the GENIUS Act, a stablecoin bill, alongside increased institutional investment, contrasting with a weak US Treasury bond auction.

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Reduced Inequality

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What is the primary driver of Bitcoin's record high, and what are its immediate implications for the cryptocurrency market?

Bitcoin reached a new all-time high of $111,000 on Thursday, driven by optimism surrounding the imminent passage of the GENIUS Act, a stablecoin bill. This surge surpasses the previous record of $109,000 set during President Trump's inauguration. The rally is fueled by legislative developments and increasing institutional interest, as seen in Michael Saylor's firm's $765 million Bitcoin purchase.

us.cnn.com

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May 22, 16:14

Dimon Warns of US Stagflation Risk Amidst Deficits and Trade Disruptions

JPMorgan Chase CEO Jamie Dimon warned of a potential stagflation risk in the US due to large government deficits and trade disruptions caused by US tariffs, urging preparedness despite the current economic stability.

Dimon Warns of US Stagflation Risk Amidst Deficits and Trade Disruptions

JPMorgan Chase CEO Jamie Dimon warned of a potential stagflation risk in the US due to large government deficits and trade disruptions caused by US tariffs, urging preparedness despite the current economic stability.

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What long-term consequences could result from stagflation, and what policy adjustments might be necessary to mitigate these risks?

Dimon's insights suggest a significant risk of stagflation, impacting future economic growth and central bank policy. The current economic performance masks underlying inflationary pressures, implying a need for proactive measures to mitigate the potential for severe economic downturn. Markets' complacency adds further risk.

forbes.com

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May 22, 10:12

College Enrollment Surges 3.2%, Nearing Pre-Pandemic Levels

National college enrollment increased by 3.2% this spring to 18.4 million students, nearing pre-pandemic levels, with community colleges and vocational programs showing the strongest growth, while undergraduate enrollment remains slightly below pre-pandemic levels.

College Enrollment Surges 3.2%, Nearing Pre-Pandemic Levels

National college enrollment increased by 3.2% this spring to 18.4 million students, nearing pre-pandemic levels, with community colleges and vocational programs showing the strongest growth, while undergraduate enrollment remains slightly below pre-pandemic levels.

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Quality Education

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What is the overall impact of the 3.2% increase in college enrollment on the higher education landscape in the United States?

Total college enrollment rose by 3.2% this spring, reaching approximately 18.4 million students—a number only 0.9% below pre-pandemic levels. This increase represents roughly 562,000 additional students. Undergraduate enrollment also increased, though it remains 2.4% below pre-pandemic levels.

cbsnews.com

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May 23, 04:11

Record-High Beef Prices Driven by Drought and Shrinking Cattle Herds

The average cost of one pound of ground beef reached a record high of $5.80 in April, up 50% from five years ago due to increased cattle prices, drought, and the lowest cattle herd numbers in over 70 years, forcing consumers to reduce meat consumption and ranchers to make tough choices impacting the...

Record-High Beef Prices Driven by Drought and Shrinking Cattle Herds

The average cost of one pound of ground beef reached a record high of $5.80 in April, up 50% from five years ago due to increased cattle prices, drought, and the lowest cattle herd numbers in over 70 years, forcing consumers to reduce meat consumption and ranchers to make tough choices impacting the...

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Zero Hunger

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How are drought conditions and decreased herd sizes contributing to the rising cost of beef?

Rising beef prices are driven by multiple factors, including increased cattle costs, drought conditions limiting feed supplies, and the lowest cattle herd numbers in over 70 years. These factors are interconnected: drought necessitates more expensive feed, leading ranchers to sell non-pregnant cows to reduce costs and decreasing the overall cattle supply. This interplay between environmental challenges and economic pressures is pushing beef prices higher.

cnn.com

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May 22, 16:14

Dimon Warns of US Stagflation Risk

JPMorgan Chase CEO Jamie Dimon warned of a potential stagflation scenario in the US due to large government budget deficits, US tariffs disrupting global trade, and President Trump's proposed tax cuts, urging preparedness rather than prediction.

Dimon Warns of US Stagflation Risk

JPMorgan Chase CEO Jamie Dimon warned of a potential stagflation scenario in the US due to large government budget deficits, US tariffs disrupting global trade, and President Trump's proposed tax cuts, urging preparedness rather than prediction.

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Reduced Inequality

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What are the primary economic risks highlighted by Jamie Dimon that could lead to stagflation in the US?

JPMorgan Chase CEO Jamie Dimon voiced concerns about the potential for stagflation in the US, citing significant government budget deficits and disruptions to global trade caused by US tariffs. He emphasized that this is not a prediction but a scenario requiring preparedness. Dimon highlighted global fiscal deficits, remilitarization, and trade restructuring as inflationary factors, impacting the US and the global economy.

kathimerini.gr

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May 22, 07:12

IMF Urges US to Curb Deficit Amid Trump's Tax Cut Bill

The IMF warned the US to curb its growing fiscal deficit, as President Trump's proposed $3 trillion tax cut bill, projected to increase US debt to 125% of GDP within a decade, faces potential passage despite Moody's credit rating downgrade and rising recession probabilities.

IMF Urges US to Curb Deficit Amid Trump's Tax Cut Bill

The IMF warned the US to curb its growing fiscal deficit, as President Trump's proposed $3 trillion tax cut bill, projected to increase US debt to 125% of GDP within a decade, faces potential passage despite Moody's credit rating downgrade and rising recession probabilities.

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Reduced Inequality

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What are the immediate economic consequences of the proposed US tax cuts and their potential impact on global markets?

The IMF urged the US to reduce its fiscal deficit and address its "steadily rising" debt, amid concerns over President Trump's proposed tax cuts. The IMF raised the probability of a US recession this year to 40%, from 25% in October 2024. Moody's also downgraded the US credit rating due to its unsustainable fiscal path.

edition.cnn.com

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May 22, 16:14

Trump Weighs Privatization of Fannie Mae and Freddie Mac, Sparking Mortgage Rate Concerns

President Trump announced plans to consider re-privatizing Fannie Mae and Freddie Mac, potentially increasing mortgage costs by $1,800-$2,800 annually for new homebuyers, a move that could destabilize the mortgage market.

Trump Weighs Privatization of Fannie Mae and Freddie Mac, Sparking Mortgage Rate Concerns

President Trump announced plans to consider re-privatizing Fannie Mae and Freddie Mac, potentially increasing mortgage costs by $1,800-$2,800 annually for new homebuyers, a move that could destabilize the mortgage market.

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Reduced Inequality

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What are the potential immediate economic consequences of privatizing Fannie Mae and Freddie Mac, and how will this impact average American homebuyers?

President Trump is considering re-privatizing Fannie Mae and Freddie Mac, government-sponsored entities crucial to the US mortgage market. This could significantly increase mortgage rates, potentially costing the average homebuyer between $1,800 and $2,800 annually, according to Moody's Analytics. Trump's previous attempt to privatize them failed in 2019.

forbes.com

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May 22, 19:12

House Passes $5 Trillion Tax Bill: Immediate Relief, Long-Term Debt Concerns

The U.S. House passed the "One Big Beautiful Bill Act", a $5 trillion tax bill with provisions including permanent extension of the 2017 TCJA, increased Child Tax Credit, enhanced Section 199A deduction, and new taxes on remittances and college endowments, now headed to the Senate.

House Passes $5 Trillion Tax Bill: Immediate Relief, Long-Term Debt Concerns

The U.S. House passed the "One Big Beautiful Bill Act", a $5 trillion tax bill with provisions including permanent extension of the 2017 TCJA, increased Child Tax Credit, enhanced Section 199A deduction, and new taxes on remittances and college endowments, now headed to the Senate.

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Reduced Inequality

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What are the immediate economic impacts of the "One Big Beautiful Bill Act" on American families and businesses?

The U.S. House passed the "One Big Beautiful Bill Act", a $5 trillion tax bill extending the 2017 Tax Cuts and Jobs Act and adding new breaks for families and businesses. Key provisions include permanent extension of the 2017 TCJA, increased Child Tax Credit, and enhanced Section 199A deduction for small businesses.

npr.org

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May 21, 07:11

U.S. Tariff Enforcement Undermined by Transshipping and Resource Shortages

Understaffing and budget cuts at U.S. Customs and Border Protection are hindering the collection of tariffs, allowing Chinese companies to avoid them by transshipping goods through third countries like Thailand and Vietnam; this is resulting in significant revenue loss for the U.S. government.

U.S. Tariff Enforcement Undermined by Transshipping and Resource Shortages

Understaffing and budget cuts at U.S. Customs and Border Protection are hindering the collection of tariffs, allowing Chinese companies to avoid them by transshipping goods through third countries like Thailand and Vietnam; this is resulting in significant revenue loss for the U.S. government.

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Decent Work and Economic Growth

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How is the under-enforcement of U.S. tariffs impacting government revenue and what are the direct consequences of this failure?

The U.S. is failing to collect significant revenue from imposed tariffs due to transshipping—Chinese companies are routing products through third countries to avoid tariffs. This is exacerbated by understaffing and budget cuts within the U.S. Customs and Border Protection (CBP), hindering effective enforcement.

Showing 613 to 624 of 1,930 results