Citigroup economists have forecast the chance of a global recession nearing 50 percent as central banks hike interest rates and consumer demand for goods drops off. “The experience of history indicates that disinflation often carries meaningful costs for growth and we see the aggregate probability of recession as now approaching 50 percent,” economists led by Nathan…
US News
Deprecated: implode(): Passing glue string after array is deprecated. Swap the parameters in /home/xtreme/public_html/wp-content/plugins/wp-rss-retriever/inc/lib/simplepie/library/SimplePie/Parse/Date.php on line 544
Deprecated: implode(): Passing glue string after array is deprecated. Swap the parameters in /home/xtreme/public_html/wp-content/plugins/wp-rss-retriever/inc/lib/simplepie/library/SimplePie/Parse/Date.php on line 545
The U.S. economy is expected to contract in the second quarter, the latest estimate from the Federal Reserve Bank of Atlanta found. According to the Atlanta Fed Bank’s GDPNow model,… [...]
EAGLE PASS, Texas—The Texas Department of Public Safety (DPS) will be setting up random highway checkpoints to inspect trucks following the deaths of 53 illegal immigrants who were being smuggled… [...]
LOS ANGELES—A legal challenge against City Councilman Herb Wesson’s legitimacy in temporarily holding the office was able to move forward after approval by a state official last week. California Atty.… [...]
Wells Fargo CEO Charles Scharf revealed that Americans and the U.S. economy aren’t ready for Federal Reserve interest rate hikes after the central bank raised rates earlier this month. “We… [...]
Ohio is spending up to $10 million in a move to reduce the backlog of court cases that has piled up mostly because of the COVID-19 pandemic. Governor Mike DeWine… [...]
Food prices in the United States shot up in May at their fastest annual pace in 42 years, according to new government data, with some food producers warning American households… [...]
WESTMINSTER, Calif.—A woman in her 30s was struck by a hit-and-run driver while walking her dogs June 30, sending her to a hospital in critical condition. The victim was in… [...]
President Joe Biden on Thursday said that American motorists should expect to pay elevated prices for gasoline until the Russia–Ukraine war is over. In a press conference following the NATO… [...]
Battery-electric vehicles (BEVs) and plug-in hybrid vehicles (PHEVs) have turned out to have more problems than internal combustion engines (ICE), according to a new study by data analysis and advisory… [...]
With home sellers realizing that buyers are no longer able to afford houses at current prices and mortgage rates, they are adjusting expectations and prices are dropping in multiple housing… [...]