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US economy
As budget talks stagnate, lawmakers warn of a US shutdown.
US lawmakers warned that a shutdown of the government is becoming more likely as hopes for a last-ditch compromise to end a budgetary standoff in the largest economy in the world wane.
Both Democrats and Republicans stated on Sunday that…
US inflation increases in August due to higher petrol prices
The Federal Reserve is struggling to control prices as rising energy costs have pushed US inflation to levels above expectations in August.
According to Bureau of Labor Statistics figures released on Wednesday, consumer prices increased…
US abandons effort to include anti-whaling clause in Indo-Pacific Pact
After fierce opposition from Tokyo, and concerns from US officials, the Biden administration dropped its efforts to press Japan to include anti-whaling provisions in its Indo-Pacific trade agreement.
The US Trade Representative had been…
Walmart sales increase as inflation drives consumers to bargains
Walmart says that easing US price pressures and a strong labor market are supporting American shoppers. However, it warns that rising fuel costs and high borrowing rates will continue to put pressure on household budgets.
The world's…
Esmark is the second US Steel bidder to make a $10 billion offer
Esmark, a privately-held industrial group, announced that it made an offer for US Steel of about $10bn, including debt. This is the second bid in just two days.
James Bouchard’s family-controlled company said Monday it has offered to…
The US economy grows at 2.4% in the second quarter
The US economy grew faster than expected during the second quarter 2023. This was despite the Federal Reserve's aggressive campaign to raise interest rates.
According to preliminary data released on Thursday by the Department of…