Today, the Commerce Department released a snapshot of its growth report for the first quarter. The country’s gross domestic product (GDP) grew by just 1.6 percent, its slowest pace in nearly two years. Further, inflation rates have also risen dramatically. Many economists are describing this as “the worst of both worlds.” Economists polled by Reuters […]
he city of Salem has seen a surge of economic growth, with businesses popping up left and right and more on the way. But what's behind all of that development? And how was the city able to turn things around?
In the wake of a turbulent period for U.S. banks, the Pennsylvania Department of Banking and Securities has shut down Philadelphia-based Republic First Bank, also known as Republic Bank. The Federal Deposit Insurance Corporation (FDIC) has stepped in as receiver, with Fulton Bank assuming nearly all deposits and assets. Republic First Bank Shuttered as FDIC […]
Speaking at the WNBA draft, Collingswood-born commissioner Cathy Engelbert name-dropped her "hometown" first on a list of cities the league has talked with.
By AAMER MADHANI (The Associated Press) NEW YORK (AP) — President Joe Biden said Friday that he is willing to debate his presumptive Republican opponent, Donald Trump, later this fall – his most definitive comment yet on the issue. The comment came during an interview with the Sirius XM radio host Howard Stern, who asked […]
Economic growth increased at a slower pace than economists had predicted in the first quarter, while President Biden continued to deliver a positive message about the economy. NBC News' Peter Alexander reports.
The International Monetary Fund has reviewed upwards Nigeria’s economic growth forecast for 2024 from three per cent to 3.3 per cent. This revision was announced in the IMF’s World Economic Outlook for April, which was released during the ongoing 2024 Spring Meetings of the World Bank and IMF in Washington, United States. The updated forecast Read More
By Diksha Madhok and Rachel Wilson, CNN New Delhi/London (CNN) — In just a few days, India will commence the world’s largest democratic election. An estimated 960 million people in a country of 1.4 billion are eligible to vote in the polls, which start on Friday and will take more than a month to complete.
By Diksha Madhok and Rachel Wilson, CNN New Delhi/London (CNN) — In just a few days, India will commence the world’s largest democratic election. An estimated 960 million people in a country of 1.4 billion are eligible to vote in the polls, which start on Friday and will take more than a month to complete.
SHANGHAI: China's economy is expected to have slowed in the first three months of the year as it continues to be buffeted by a debilitating property sector crisis and flagging consumer activity. Beijing officials last month set a target of around
WASHINGTON >> The nation’s economy slowed sharply last quarter to a 1.6% annual pace in the face of high interest rates, but consumers — the main driver of economic growth — kept spending at a solid pace.
President Volodymyr Zelensky has expressed his gratitude to the US House of Representatives for approving a new $61bn (£49bn) package of military assistance for Ukraine after months of delays. He said the aid could save thousands of lives. While it’s not uncommon for a country’s future to be decided by politicians, a nation’s very existence […]