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Inflation vs. Recession: The Fed Is Walking a Tightrope Even before Russia invaded Ukraine, the Federal Reserve was in a tough spot. Now it has embarked on a precarious balancing act, trying to rein in high inflation while simultaneously avoiding a severe economic slowdown, perhaps even a recession.
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China lockdowns: The economic cost of a zero-Covid policy War. Inflation. And now, Covid lockdown deja vu in China. It is a perfect storm for the global supply chain - how goods and materials get from other countries to you and me. When disruptions take place in China, it is significant because about a third ...
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The Federal Reserve raises interest rates for the first time since 2018 Additional rate hikes are likely to follow in the coming months. On average, Fed policymakers said they expect interest rates, which have been near zero, to climb to around 1.9% by the end of this year.
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New Unemployment Claims Lowest Since December 2021 Initial claims for unemployment insurance in the week ending March 12, 2022, fell by 6.6% from the prior week. This also was 2.7% lower than economists' estimates. The continuing claims were ...
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Texas warns firms they could lose state contracts for divesting from fossil fuels A new law prohibits the state from contracting with or investing in companies that divest from oil, natural gas and coal companies. by Emily Hernandez March 16, 2022 6 hours ago. Copy link. Republish. The Texas Capitol in Austin on Aug. 12, 2021.
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Texas threatens to hit ESG firms over fossil fuel 'boycott' The state's top financial official is starting to inch toward action against some firms, after months of Texas Republicans bashing financial giants — especially BlackRock Inc. — for pledging to curb climate change through their investments.
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Despite record-high gas prices, our driving habits aren't changing. Here's why As gas prices surged above $4 a gallon for most of the country, many Americans are changing how they drive. At what point is "too much" for gas actually too much?
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Nutrien increasing potash production due to uncertainty in eastern Europe Canada is the world's largest potash producer, but Russia and Belarus are also major exporters. "The impacts of this conflict extend beyond eastern Europe as a disruption in supply of key agriculture, fertilizer and energy ...
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Honda confirms plan to switch Ontario plant to hybrid vehicles The Honda of Canada Mfg plant in Alliston, Ont. was built in 1986 and is the country's second largest car manufacturer. It produces the Honda Civic and the CR-V, with the capacity to complete more than 400,000 vehicles per year and 190,000 engines.
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Australians not yet boosted urged to take up third dose, as COVID-19 cases rise Health authorities are urging Australians who haven't yet received their COVID-19 booster vaccine to roll up their sleeves, with coronavirus case numbers expected to rise in the coming weeks. The increasingly dominant Omicron BA.2 subvariant, ...
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