Total nonfarm payroll employment increased by 142,000 in August, and the unemployment rate changed little at 4.2 percent, the U.S. Bureau of Labor Statistics reported today.
Total nonfarm payroll employment increased by 142,000 in August, and the unemployment rate changed little at 4.2 percent, the U.S. Bureau of Labor Statistics reported today.
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Employment Situation Summary - 2024 M08 Results
https://www.bls.gov/news.release/empsit.nr0.htm
7-Eleven owner rejects $38.7bn buyout offer from rival
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7-Eleven owner rejects $38.7bn buyout offer from rival
https://www.bbc.com/news/articles/cz9w74dwkgno
Japanese owner of convenience store giant says offer from Canadian rival ‘grossly undervalues’ firm.
House Republican Agendas and Project 2025 Would Increase Poverty and Hardship, Drive Up the Uninsured Rate, and Disinvest From People, Communities, and the Economy
House Republican Agendas and Project 2025 Would Increase Poverty and Hardship, Drive Up the Uninsured Rate, and Disinvest From People, Communities, and the Economy
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Just a moment...
https://www.cbpp.org/research/federal-budget/house-republican-agendas-and-project-2025-would-increase-poverty-and
Fed's preferred inflation gauge shows prices increased in line with Wall Street's expectations in July
Fed's preferred inflation gauge shows prices increased in line with Wall Street's expectations in July
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Fed's preferred inflation gauge shows prices increased in line with Wall Street's expectations in July
https://finance.yahoo.com/news/feds-preferred-inflation-gauge-shows-prices-increased-in-line-with-wall-streets-expectations-in-july-123535490.html
The latest inflation reading comes as investors debate how much the Federal Reserve will cut interest rates by in September.
Dollar General shares crater 20% as retailer cuts outlook, blaming 'financially constrained' customers
Dollar General shares crater 20% as retailer cuts outlook, blaming 'financially constrained' customers
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Dollar General shares crater 20% as retailer cuts outlook, blaming 'financially constrained' customers
https://www.cnbc.com/2024/08/29/dollar-general-shares-crater-20percent-as-retailer-cuts-outlook-blaming-financially-constrained-customers.html
The discount retailer slashed its guidance for full-year same-store sales and profit.
Fed's Powell says 'time has come' to begin cutting interest rates
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Fed's Powell says 'time has come' to begin cutting interest rates
https://finance.yahoo.com/news/feds-powell-says-time-has-come-to-begin-cutting-interest-rates-140020314.html
Fed Chair Jerome Powell offered a blunt outline on Friday of the path forward for Fed policy and the need to begin cutting interest rates.
US Jobs revised Downward by the BLS by more than 800,000 jobs
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CES Preliminary Benchmark Announcement
https://www.bls.gov/web/empsit/cesprelbmk.htm
U.S. economy could be hit hard by lockouts at Canada's 2 major freight railroads
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U.S. economy could be hit hard by lockouts at Canada's 2 major freight railroads
https://www.cbsnews.com/news/us-economy-canada-freight-railroads-lockouts/
Both of Canada's major freight railroads have locked out their workers. The impasse could bring significant economic harm to Canada and the U.S. if the trains don't resume running soon.
Elon Musk's Twitter takeover has ended up as the worst buyout deal for banks since the financial crisis
Elon Musk's Twitter takeover has ended up as the worst buyout deal for banks since the financial crisis
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Elon Musk's Twitter takeover has ended up as the worst buyout deal for banks since the financial crisis
https://www.businessinsider.com/elon-musk-x-twitter-debt-financing-banks-2008-financial-crisis-2024-8
The WSJ reported on Tuesday that the debt for Musk's Twitter purchase has been stuck on banks' balance sheets, eating into the ability to fund other deals.
Economics Explained: Venezuela, The Most Mismanaged Economy in the World
Economics Explained: Venezuela, The Most Mismanaged Economy in the World
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https://www.youtube.com/watch?v=-tmixPEOMIA