Economy

U.S. Treasury chief Janet Yellen warned Sunday of an “economic and financial catastrophe” for the United States and the world economy if President Joe Biden and Congress cannot agree on raising the country’s debt ceiling so the government…
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Billionaire Warren Buffett said artificial intelligence may change the world in all sorts of ways, but new technology won't take away opportunities for investors, and he's confident America will continue to prosper over time. Buffett and…
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In the wake of three of the biggest bank failures in U.S. history over the past two months, Americans are increasingly jittery about the safety of their money, worried about instability in the banking sector and concerned that fear, whether…
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CAPE TOWN, SOUTH AFRICA — With 12 storeys, a breathtaking view of Cape Town's imposing Table Mountain and a minimal ecological footprint, the world's tallest building made with industrial hemp is soon to open its doors in South Africa.…
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America's employers added a healthy 253,000 jobs in April, evidence of a labor market that still shows surprising resilience despite rising interest rates, chronically high inflation and a banking crisis that could weaken the economy. The…
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The U.S. Small Business Administration has named Abdirahman Kahin, a Somali American restaurant chain owner in Minneapolis, Minnesota, as the National Small Business Person of the Year for 2023. Mohamud Mascadde in Minneapolis and Abdulaziz…
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Adidas is set to update investors Friday about the unsold Yeezy shoes that have put the German sportswear giant in a predicament since it cut ties with Kanye West over his antisemitic comments late last year. Executives are expected to…
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The Federal Reserve, the U.S. central bank, raised its benchmark interest rate by another quarter percentage point on Wednesday but signaled that it could pause further increases as it watches what effect a string of rate hikes has on…
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President Joe Biden next week will meet with the Democratic and Republican leaders of the House and Senate in an effort to avoid a catastrophic default on the nation's debts, which could occur in as little as one month. The United States…
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The sowing season is in full swing in Ukraine despite a series of significant challenges that farmers face as Russia continues its war on the country. The agricultural industry faces mined fields, instability with the Black Sea Grain…
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