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US Household Debt Soars to $17.7 Trillion in 1st Quarter: New York Fed Data
Household debt is ballooning and consumers are having difficulty keeping up.
Red Lobster Auctioning Off ‘Entire Contents’ of Over 50 Closed Restaurants
The listing by TAGeX Brands includes locations in Alabama, California, Colorado, Florida, Georgia, Idaho, Illinois, Indiana,Texas, and others.
Producer Prices Rise Hotter Than Expected as Inflation Pressures Persist
The producer price index (PPI) has surged 25 percent cumulatively since January 2021.
Budget 2024: Billions Poured into Making Australia a ‘Renewable Energy Superpower’
A range of green energy initiatives will be funded followed the release of the official budget by Australian Treasurer Jim Chalmers.
Biden Sharply Raises Tariffs on Chinese EVs, Steel, Solar Cells
The quadrupled tariff aims to keep the excessive cheap Chinese EVs at bay and protect the U.S. auto industry.
Consumers Fight Persistent Inflation by Trading Down to Cheaper Products
Corporate America warns ’the consumer is under pressure.’
US Consumers Doubt Inflation Will Be Defeated in Year Ahead: New York Fed Data
From housing to gasoline, consumers expect everything will go up in price over the next year.
Supreme Court Won’t Hear App Developers’ Antitrust Suit Against Apple
Meanwhile, the Biden administration’s lawsuit alleging that Apple, ‘illegally maintains a monopoly over smartphones’ is moving forward.
IRS Announces Interest Rates for Underpayment of Taxes for 3rd Quarter 2024
The IRS also said recently that taxpayers can still claim over $1 billion in unclaimed funds for the 2020 tax year.
US Weekly Jobless Claims Reach Highest Since August 2023
First-time applications for unemployment benefits soared by 22,000 to 231,000.
