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Tag: GDP

Spring Break Spike Or Warning Sign? Jobless Claims Jump As Economy Sends Mixed Signals

Jobless claims just hit a several-month high, rising by 18,000 according to the Labor Department.

Read More Spring Break Spike Or Warning Sign? Jobless Claims Jump As Economy Sends Mixed Signals
WASHINGTON, DC - JULY 05: Pedestrians walk past a bus shelter at Pennsylvania Avenue and 22nd Street NW where an electronic billboard and a poster display the current U.S. National debt per person and as a nation at 32 Trillion dollars on July 05, 2023 in Washington, DC. (Photo by Jemal Countess/Getty Images for the Peter G. Peterson Foundation)

Mixed Economic Signals: Shrinking GDP, Inflation Cooling, Soaring Debt, and Trump’s Optimism for Future Growth

The latest GDP numbers show the economy shrank by 0.3% last quarter, raising concerns about whether this is a retreat or a reset.

Read More Mixed Economic Signals: Shrinking GDP, Inflation Cooling, Soaring Debt, and Trump’s Optimism for Future Growth
A shopping cart is seen in a supermarket as inflation affected consumer prices in Manhattan, New York City, U.S., June 10, 2022. REUTERS/Andrew Kelly/File Photo

US retail sales rebound moderately; underlying trend remains firm

Retail sales rebounded marginally in February as consumers pulled back on discretionary spending, reinforcing the growing uncertainty over the economy.

Read More US retail sales rebound moderately; underlying trend remains firm
People carrying shopping bags walk inside the King of Prussia shopping mall in King of Prussia, Pennsylvania, U.S. November 26, 2021. REUTERS/Rachel Wisniewski/File Photo

US retail sales post largest drop in nearly two years in January

U.S. retail sales dropped by the most in nearly two years in January, likely because of frigid temperatures and moderation following hefty gains in the past four months.

Read More US retail sales post largest drop in nearly two years in January
The US Treasury Department building is seen in Washington, DC, January 19, 2023, following an announcement by the US Treasury that it had begun taking measures Thursday to prevent a default on government debt, as Congress heads towards a high-stakes clash between Democrats and Republicans over raising the borrowing limit. - The world's biggest economy could face severe disruption with Republicans threatening to refuse the usual annual rubber stamping of a rise in the legal borrowing limit, and this could push the United States into default. (Photo by SAUL LOEB / AFP) (Photo by SAUL LOEB/AFP via Getty Images)

U.S. Economy Grows 2.3% In Q4, Consumer Spending Increases Despite Inflation And High Interest Rates

Anthony Saccaro, President of Providence Financial and Insurance Services, joins Alicia Summers to discuss what’s driving consumer spending despite inflation, the Federal Reserve’s decision to keep interest rates steady, and what this means for the economy.

Read More U.S. Economy Grows 2.3% In Q4, Consumer Spending Increases Despite Inflation And High Interest Rates
Argentina's President Javier Milei attends the Atreju political meeting organised by the young militants of Italian right wing party Brothers of Italy (Fratelli d'Italia) on December 14, 2024 in Rome. (Photo by Filippo MONTEFORTE / AFP) (Photo by FILIPPO MONTEFORTE/AFP via Getty Images)

Argentina Seals Budget Surplus For First Time In 14 Years

Argentina has recorded its first budget surplus barely a year into Javier Milei’s presidency for the first time in 14 years. 

Read More Argentina Seals Budget Surplus For First Time In 14 Years

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SpaceX and Tesla founder Elon Musk participates in a town hall-style meeting to promote early and absentee voting at Ridley High School on October 17, 2024 in Folsom, Pennsylvania. (Photo by Anna Moneymaker/Getty Images)
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