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Stock markets worldwide plummeted on Monday as weak U.S. economic data fueled concerns of a looming recession in the world's largest economy. The selloff, which began in Asia and spread to Europe, is expected to hit Wall Street hard when trading opens.
A group of U.S. Senators have introduced major legislation that would allocate $70 billion in federal funds to repair and rebuild the nation's aging public housing infrastructure. The bill, titled the "Public Housing Remediation of Longstanding Deficiencies Act," aims to eliminate the severe backlog of capital needs within the public housing system.
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US economic growth blew past expectations in the second quarter, boosted by consumer spending and inventory building despite high interest rates, government data showed Thursday, after a slow start to the year.
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The US government data showed on Wednesday that the US trade gap has grown slightly less than expected in May, to the widest level since late 2022.
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The chair of the US Federal Reserve, Jerome Powell, has said that the reserve has made "quite a bit of progress" in its fight against rising prices and could hit its inflation target as soon as next year.
Photo Credit: Getty Images The US labor market delivered stronger-than-expected results in May,...
Photo Credit: Getty Images U.S. stocks pushed higher on Wednesday as investors reacted to an...
Photo Credit; Getty Images In a significant payout for digital privacy, Google is set to pay $68...
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Photo Credit; Getty Images While President Trump addressed world leaders at the World Economic...
Photo Credit; Getty Images Russian President Vladimir Putin has been invited to join U.S....
Photo Credit; Getty Images The International Monetary Fund (IMF) has identified rising trade...
Photo Credit: Getty Images The International Monetary Fund and World Bank's semi-annual meeting of...
Photo Credit: Getty Images JPMorgan Chase has announced a sweeping 10-year strategy to finance and...
Photo Credit: Getty Images Gold prices surpassed $4,000 for the first time on Wednesday, driven by...
Photo Credit: Getty Images The US government may soon own a significant stake in chip giant Intel, as...
Photo Credit: Getty Images Financial markets reacted sharply Friday to Israeli "preemptive"...
