Category: Economy
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Inflation and Real Wages: A Chartbook Analysis
Yahoo Finance’s Chartbook, showing how real wages increase as inflation declines. It explains why this trend is important for the economy and workers. These charts show us how the market and the economy are doing well and moving forward in 2024, even though there were some problems earlier this year. But these charts also show…
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Inside the Minds of Working Americans
They are the backbone of the nation, but they rarely get to tell their own stories. They are the working-class Americans, who make up more than half of the workforce, but have little voice in the media or politics. They are the ones who will shape the outcome of the 2024 presidential and congressional elections,…
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US Economy Starts 2024 with Strong Job Growth of 353,000
The US economy showed strength and resilience in the first month of 2024, adding a whopping 353,000 jobs, according to the latest data from the Bureau of Labor Statistics (BLS). According to FactSet, this was much higher than the expected gain of 176,500 jobs. The unemployment rate stayed at 3.7%, the lowest level since 1969.…
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US Banks Face Uncertainty and Opportunity In 2024
On Wednesday, the Federal Reserve changed its tone on the health of the US banking system. For the first time since three banks collapsed last spring, the Fed did not say that the banks were “sound and resilient” in its meeting statement. That same day, many people were questioning the stability of the banks as…
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US tech stocks surge to new highs on strong earnings and robust jobs data
The tech sector was the star of this friday, as Meta Platforms, Amazon, Nvidia and Microsoft all reported better-than-expected earnings and saw their shares soar to new highs. Meta Platforms, formerly known as Facebook, surged 20.3% to close at $474.99, after announcing a record profit, a $50 billion share buyback program and its first-ever cash…
