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Continue Reading...Economy
October 14, 2025
Artificial intelligence isn’t cheap and OpenAI just proved it. The company has signed a staggering $300 billion deal with Oracle to secure cloud computing power over the next five years, one of the largest technology contracts in history...
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September 11, 2025
When the two biggest economies in the world take a breather from battering each other with tariffs, it’s worth more than a slow clap. A 90-day tariff truce between the United States and China was declared on May 12, 2025, reducing import...
Continue Reading...Economy
May 14, 2025
The Tariff Tally Just Got Bigger -China is hitting back. Starting April 10, Chinese tariffs on U.S. imports will soar from 34% to a jaw-dropping 84%. This move follows President Trump’s recent tariff hike on Chinese goods, which now...
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April 9, 2025
The August 2024 Beige Book has been published by the Federal Reserve, giving an overview of economic conditions around the country.
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September 12, 2024
The May 2024 Beige Book has been published by the Federal Reserve, giving an overview of economic conditions around the country.
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June 10, 2024
U.S. small-business confidence increased in April and the share of owners planning to raise prices was the smallest in a year, but persistent labor shortages continued to exert cost pressures for owners, a survey showed on Tuesday.
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June 3, 2024
IRS adjusts HSA amounts for 2025 - The Internal Revenue Service issued the annual inflation adjustments for health savings accounts in 2025 as prices continue to rise, albeit at a slower pace.
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May 20, 2024
Every year since 1963, U.S. presidents have issued a Small Business Week proclamation to recognize the contributions of entrepreneurs and small business owners. The theme of Small Business Week 2024, “Building on the Small Business Boom.”
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May 13, 2024
Inflation was hotter than expected last month and remains well above the Federal Reserve’s 2% target, according to government data released Friday, as eagerly awaited interest rate cuts seem to be increasingly less likely in the future.
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April 29, 2024
JPMorgan Chase CEO Jamie Dimon warned of the potential for interest rates to climb as high as 8% as the effects of the unprecedented monetary policy to combat inflation take hold.
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April 9, 2024
President Joe Biden’s budget proposal — which calls for sweeping tax increases on corporations and the wealthy — is the opening round of a looming tax fight set to consume Washington next year.
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March 25, 2024
Unemployment rate spikes to 2-year high - The labor market showed some rare signs of weakness in February, as the unemployment rate unexpectedly rose to its highest level since 2022.
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March 25, 2024