Washington, DC CNN — The Federal Reserve announced on Wednesday that it will pause its rate hikes, keeping its benchmark lending rate at a 22-year high. This move was widely anticipated, as the central bank has been signaling in recent weeks that it wants to wait for more data to understand the impact of previous …
Carolyn Vigil, a veteran of the Big Tech industry, has faced the challenge of balancing her career with the responsibility of caring for her 23-year-old autistic son, Jax. While this delicate juggling act has never been easy, Vigil managed to navigate it with grace, even assuming the role of teacher when the pandemic forced schools …
New York CNN — Evergrande’s recent bankruptcy filing in the US serves as a cautionary tale about China’s growth-at-all-costs model, which fueled its remarkable economic expansion over the past three decades. For years, Evergrande, formerly one of China’s most successful real estate developers, amassed significant debt as the country’s economy boomed. The demand for housing …
Consumer price hikes in Minneapolis accelerated on an annual basis for the first time in over a year, according to data released by the Bureau of Labor Statistics. The Consumer Price Index rose by 3.2% for the year through July, compared to a 3% increase in June. Although the annual increase fell short of economists’ …
Retail sales in the US have fallen by 1% in March compared to the previous month, according to the Commerce Department. While the decline was steeper than expected, the figure is 2.9% higher year-on-year. Smaller tax returns and concerns about the labour market have been cited as reasons for the drop, which was particularly noticeable …