Federal Reserve Chair Jerome Powell speaks at a news conference in Washington, DC, on November 7.Kent Nishimura/Getty Images WashingtonCNN — Federal Reserve Chair Jerome Powell said Thursday that interest rates are still expected to decline further, but suggested they might not be that much lower over the next few months. Powell said more rate cuts…
Enjou Chocolat’s seasonally themed chocolates and baskets displayed at the store in Morristown, New Jersey, on November 11.Courtesy Enjou Chocolat WashingtonCNN — Enjou Chocolat, a small business in Morristown, New Jersey, is still feeling the pain of inflation these days — from soaring cocoa prices to increased labor expenses. As a result, the chocolate shop,…
A customer shops for dairy products at a supermarket in Saint Petersburg, Russia on June 28.Anton Vaganov/Reuters/File CNN — Americans have spent the last few years complaining about inflation. But price rises in Russia are eye-watering by comparison – and just one symptom of an economy that is overheating. Butter, some meats, and onions are…
Migrant workers pick celery at a farm in Yuma, Arizona.Nick Oza/The Republic/USA Today Network/Imagn Images New YorkCNN — Americans are fed up with high grocery store bills and they’re hoping President-elect Donald Trump will bring relief. Yet one of Trump’s central campaign promises could exacerbate sticker shock at the checkout. On the campaign trail, Trump…
There were 282,000 construction jobs open as of September. Jim Tobin, the CEO of the National Association of Home Builders, said immigrant labor has helped fill in labor shortages.David Paul Morris/Bloomberg/Getty Images CNN — Duewight Garcia overstayed his tourist visa to the US in 2019 after he said run-ins with gangs and his student activism…
Restaurants could be among the businesses hardest hit by President-elect Donald Trump’s plans for mass deportation.10’000 Hours/Digital Vision/Getty Images CNN — President-elect Donald Trump’s promise to further restrict immigration and roll out“mass deportations” has not been finalized, but the specter of looming policy changes is already reverberating on Main Streets across America. To veteran restaurateur…
By Gnaneshwar Rajan (Reuters) -U.S. satellite TV provider DirecTV said on Thursday it had terminated its agreement to acquire Echostar (NASDAQ:SATS)’s satellite television business, which includes rival Dish TV, over a failed debt-exchange offer. The deal would have created one of the nation’s largest pay TV distributors with a combined 20 million subscribers. For the…
MEXICO CITY (Reuters) – Chinese products are not entering the United States and Canada through Mexico, the president of the Latin American nation said on Friday, and the government will make that clear in upcoming trade meetings. “In the meetings we have with Canada and (U.S. President-elect) Trump, we’ll show that the idea that (Chinese)…
