Economy
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Treasury Bond Yields Surge Amid Global Economic Uncertainty
CITY, August 20 — Treasury bond yields have surged to new heights in recent weeks, reflecting growing unease…
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Retirement of Baby Boomers shrinks U.S. labor pool amid demographic shift
WASHINGTON, July 22 — The retirement of the baby boom generation is quietly reshaping the American labor market…
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India’s Formal Credit Penetration Doubles in a Decade
MUMBAI, July 30 — India’s formal retail credit penetration has more than doubled over the past decade, according…
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Red Sea Disruptions Hit Global Trade, Supply Chains
BEIJING, July 28 — Twelve percent of global maritime trade passes through the Red Sea each day, along…
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Shrinkflation: Packages Shrink as Costs Rise Worldwide
Against the backdrop of persistently high input costs, a quiet but consequential economic phenomenon is reshaping supermarket shelves:…
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Inside Manufacturing Costs: The Three Pillars of Production Expenses
CHICAGO, July 25 — Manufacturing cost is more than a line item on a balance sheet. It is…
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Higher Gasoline Prices Were a Major Driver of the 2022 U.S. Inflation Surge
WASHINGTON, July 25 — The numbers are stark: American consumers are spending an additional $56.4 billion on gasoline,…
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Ontario Sits on $79.1 Million of Banned U.S. Alcohol, Storage Could Cost $20 Million a Year
TORONTO, July 21 — The neon glow of an LCBO store flickers in the humid evening air, its…
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How the Harmonized System Classifies Traded Goods Under Six-Digit Codes
BRUSSELS, July 21 — The Harmonized Commodity Description and Coding System — known simply as the Harmonized System,…
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Tariffs Explained: Import Taxes Protect Domestic Industries
WASHINGTON, July 21 — Tariffs, defined as duties imposed by a national government on imports of goods and…
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Fed Raises Rates a Quarter Point as Phone and Utility Bills Climb
WASHINGTON, July 21 — The Federal Reserve System, created on December 23, 1913, after the Panic of 1907,…
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UN Trade Body Warns Hormuz Closure Is Straining Prices, Trade and Debt Worldwide
DUBAI, July 20 — Oil prices surged 5% today after an attack on a tanker and sustained US…
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Mobile Money Outage Stalls Uganda’s Financial Pulse
KAMPALA, July 7 — A weekend outage of mobile money services in Uganda disrupted transactions across the country,…
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Baby-Boomer Nurses Are Retiring Sooner, AMN Healthcare’s 2017 Survey Finds
WASHINGTON, July 19 — The retirement wave from the baby boom generation is sharpening labour shortages across developed…
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Russian Railways Sinks Under $51 Billion Debt as Ukraine War Squeezes Freight
MOSCOW, July 18 — The shift is subtle but seismic: Russian Railways, the state-owned behemoth that moves everything…
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NITI Aayog Index Names Gujarat, Maharashtra, Tamil Nadu, Goa and Odisha Top Investment Performers
NEW DELHI, July 18 — NITI Aayog, the Indian government’s apex policy think tank established in 2015, has…
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Softwood Lumber Dispute Cost Both Countries, Montreal Institute Study Finds
OTTAWA, July 18 — The Canada–United States softwood lumber dispute grinds on. Now into its fifth decade, this…
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SEC Formed In 1934 Enforces Disclosure Rules Under Depression-Era Statutes
WASHINGTON, July 18 — The United States Securities and Exchange Commission is a creature of crisis. Formed in…
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Grocery Prices Up 1.8% in a Year as Egg Prices Fall 20.6% in September
LONDON, July 17 — The Consumer Price Index remains one of the more quietly influential pieces of statistical…
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U.S. Wages Trail Prices by 0.7 Points as Real Pay Turns Negative Again
ISLAMABAD, July 16 — When a worker looks at their paycheck, the number printed there is the nominal…
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Federal Minimum Wage Has Stayed at $7.25 Since 2009
WASHINGTON, July 16 — The federal minimum wage in the United States has not changed in over 17…
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Federal debt interest hits $24 billion weekly as borrowing costs surge
WASHINGTON, July 11 — The United States Treasury is borrowing $155 billion every single month of the current…
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Panama Canal Drought Reduces Daily Ship Transits, Strains Global Trade
PANAMA CITY, July 10 — On the banks of the Miraflores Locks, the scene is both familiar and…
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Harry Dexter White: Architect of Dollar-Centered Bretton Woods
WASHINGTON, July 10 — On the ground in the archives of American economic history, the name Harry Dexter…
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