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Consumers are starting to act as if recession is imminent

Consumers are starting to act as if recession is imminent

Text size Consumer dissatisfaction is worse among households earning less than $50,000 a year, writes Dana M. Peterson. Frederic J. Brown/AFP/Getty Images About the Author: Dana M. Peterson is chief economist at the Conference Board. Consumers sense that a recession is imminent and are beginning to behave accordingly. They become more and more unhappy by …

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House Speaker Nancy Pelosi, D-Calif.

House must act to avert freight train strike to save economy

WASHINGTON — The House overwhelmingly passed legislation Wednesday afternoon that would help avert a freight railroad strike that the White House says could cripple the U.S. economy — 30 years after Congress last intervened. in an impending rail closure. Lawmakers also passed a related measure that would grant an additional seven days of paid sick …

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Hyundai's Best Years in the U.S. Should Be Tested by Inflation Reduction Act

Hyundai’s Best Years in the U.S. Should Be Tested by Inflation Reduction Act

Drew Anger | Getty Images News | Getty Images SAVANNAH, Ga. — Hyundai Motor Group is having its best years in the United States The South Korean automaker has successfully moved from cheap vehicles and dancing hamsters to competing with formidable automakers in the highly profitable US market. investment related news Goldman Sachs Says EV …

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Analysis |  UK's Balanced Budget Act must be credible for markets

Analysis | UK’s Balanced Budget Act must be credible for markets

Comment this story Comment Britain’s Chancellor of the Exchequer Jeremy Hunt has the unenviable task in Thursday’s autumn statement of balancing the nation’s books without plunging it into recession. The reaction of the bond market will tell us if it has found the right balance. The size of Britain’s fiscal hole, allegedly as deep as …

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