Economy

Fed approves hike that takes interest rates to highest level in more than 22 years

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[ad_1] WASHINGTON – The Federal Reserve on Wednesday approved a much-anticipated interest rate hike that takes benchmark borrowing costs to their highest level in more than 22 years. In a move that financial markets had completely priced in, the central bank’s Federal Open Market Committee raised its funds rate by a quarter percentage point to … Read more

Convicted Ponzi schemer granted clemency by Trump charged with new Ponzi scheme

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[ad_1] Former US President and 2024 Republican Presidential hopeful Donald Trump gestures about weight lifting as he speaks at a Republican volunteer recruitment event at Fervent, a Calvary Chapel, in Las Vegas, Nevada, July 8, 2023.  Mario Tama | Getty Images WASHINGTON — A New Jersey man who had his prison sentence for running a … Read more

From Taylor Swift to the World Cup, travelers are paying big bucks to catch overseas games and shows

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[ad_1] When Taylor Swift’s Eras tour rolls into Singapore next year, Rjay Ignacio said he’ll be there — whether he has a ticket or not. “Taylor Swift has a huge fan base in Asia,” the YouTube content creator from Pasig City, Philippines said. “So the probability is very small to get a ticket.” But that’s … Read more

Yellen says ‘direct’ and ‘productive’ Beijing talks a step forward in putting U.S.-China ties on ‘surer footing’

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[ad_1] U.S. Treasury Secretary Janet Yellen addresses journalists in a press conference July 9 capping her four-day Beijing visit. She said “direct, substantive and productive” talks have set relations between the world’s two largest economies on a “surer footing.” Pedro Pardo | Afp | Getty Images U.S. Treasury Secretary Janet Yellen said 10 hours of … Read more

Fewer jobs than expected added to U.S. economy in June

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[ad_1] Fewer jobs than expected added to U.S. economy in June – CBS News Watch CBS News The U.S. economy added fewer jobs than predicted in June, sending stocks seesawing even as the unemployment rate remained steady. The report sparked fears that the Fed will raise interest rates again. Natalie Brand is at the White … Read more

Yellen stresses ‘fair’ rules, communication in Beijing meetings

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[ad_1] US Treasury Secretary Janet Yellen speaks during a meeting with Chinese Premier Li Qiang (not shown) at the Great Hall of the People in Beijing on July 7, 2023. Mark Schiefelbein | Afp | Getty Images The United States and China, the world’s two biggest economies, must compete fairly and communicate closely to avoid … Read more

GST Day 2023: Do You Know Who is Called the Father of GST? Origin, Significance, Quotes and Facts – News18

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[ad_1] Published By: Nibandh Vinod Last Updated: July 01, 2023, 06:45 IST GST was proposed in India in 2000 but took over 17 years to be implemented. (Image: Shutterstock) The Goods and Services Tax (GST) idea was first proposed in India in the early 2000s to simplify the complex tax system GST DAY 2023: India … Read more

6/27: Prime Time with John Dickerson

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[ad_1] 6/27: Prime Time with John Dickerson – CBS News Watch CBS News John Dickerson reports on air travel delays, a national decline in home prices, and new revelations from the IRS whistleblower on the Hunter Biden investigation. Be the first to know Get browser notifications for breaking news, live events, and exclusive reporting. Not … Read more

European business activity slows in June as higher interest rates begin to bite

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[ad_1] Fresh PMI data came in below expectations and pointed to an economic slowdown. Bloomberg | Bloomberg | Getty Images Business activity growth in Europe slowed in June, pointing to a difficult end to the second quarter, according to preliminary data Friday. The euro zone’s flash composite Purchasing Managers’ Index dropped to 50.3 in June … Read more