Tag: US economy

  • Climate change is a threat, but it could be an economic boon. We just took the first step.

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    By Ryan Johnson The climate challenge is a chance for transformative growth on a scale with the industrial and information revolutions. America should lead the way. If you find yourself in a hole, stop digging. We have a decade to figure out how to reverse global warming if we ever want to ensure a habitable […]

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  • Consumer Sentiment Falls as Outlook for Economy Weakens

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    U.S. consumer sentiment fell in April for the first time in three months, missing estimates, as the long-term economic outlook dropped to the lowest in more than a year and enthusiasm over tax cuts waned. The University of Michigan’s preliminary sentiment index decreased to 96.9 from the prior month’s 98.4, according to a report April […]

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  • US economy adds 304,000 jobs in January

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    The US economy added a stronger-than-expected 304,000 jobs in January, official figures have shown. The figure was far in excess of economists’ forecasts of 165,000. However, December’s jobs growth figure was revised to 222,000, down from an initial estimate of 312,000. Last month saw jobs being added in leisure and hospitality, construction, health care, transportation […]

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  • US shutdown: Four reasons why Trump blinked

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    President Donald Trump’s decision to endorse a deal to reopen the federal government for three weeks on Friday came amid mounting pressure to end the impasse. Here are four reasons from the business world why the White House blinked. 1. The travel industry was stressed. Delays at major airports on Friday brought to a head […]

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  • US retail giant Sears may get reprieve from liquidation

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    Sears, the US department store chain that once dominated US shopping malls, may be getting a reprieve. The firm had been expected to ask a bankruptcy judge for permission to liquidate after failing to reach a deal with chairman Edward Lampert over a $4.4bn (£3.5bn) takeover. But after last minute negotiations, the firm said on […]

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  • US jobs growth jumps in December

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    The US economy created many more jobs than expected in December, according to the latest government data. Employers added 312,000 jobs, far ahead of predictions of 177,000, the Labor Department said. The unemployment rate nudged higher to 3.9%, but is still near historic lows. Average hourly pay increased at an annual rate of 3.2% – […]

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  • Trump says Fed is ‘the only problem’ of US economy

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    President Donald Trump has lashed out at the US central bank for stock market turmoil, saying the American economy’s only problem is the Fed itself. In a tweet, Mr Trump said the Federal Reserve lacks understanding of markets and “necessary trade wars”. The salvo came as Mr Trump’s treasury secretary scrambles to calm nervous investors. […]

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  • Wall Street ends lower after a down week

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    US share indexes fell by more than 2% on Friday, as uncertainty continued to roil financial markets. The declines extended losses from earlier in the week and hit nearly every sector, led by technology firms. The Dow Jones index and S&P 500 both tumbled about 2.3%, while the Nasdaq fell more than 3%. The falls […]

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  • Trump signs trade deal with Mexico and Canada

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    US President Donald Trump and leaders from Canada and Mexico have signed the successor to the North American Free Trade Agreement (Nafta). The revised deal has been renamed as the United States-Mexico-Canada Agreement, or USMCA. Renegotiating Nafta was a key pledge of Mr Trump’s 2016 White House campaign. The US President claimed the update “changes […]

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  • ‘Business as usual’ KBL counter measures with a solution to the US-China Trade War.

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    On January 1st, 2019 America will impose a 25% import duty on all Chinese products, which will eventually rise to between from 25 – 40%, dramatically affecting US companies dependent on sourcing products and material from the Republic of China. KBL,a global contract manufacturer and fulfillment corporation headquartered out of Los Angeles, California, will continue […]

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