The euro has fallen below parity with the dollar, diving to its lowest level in 20 years and ending a one-to-one exchange rate with the U.S. currency. It’s a psychological barrier in the markets. But […]
WASHINGTON, D.C. — With inflation raging near its highest level in four decades, Congress gave final approval to President Joe Biden’s landmark Inflation Reduction Act last week. Its title raises a tantalizing question: Will the […]
RALEIGH— North Carolina has been named the Best Business Climate in the nation by Business Facilities magazine, with Virginia, Utah, Texas and Tennessee in second through fifth place. The magazine’s complete 2022 Annual Rankings Report […]
CNBC ranked North Carolina as America’s Top State for Business in 2022 as the television business network unveiled its state rankings Wednesday. It marks the first time the state has finished on top but in […]
NEW YORK — After going on a frenzied hiring spree for a year and a half to meet surging shopper demand, America’s retailers are starting to temper their recruiting. The changing mindset comes as companies […]
It’s been a rough couple of years, especially for teenagers. Between the shutdowns and the shift to contactless everything — including education — adolescents got a pretty raw deal. They could use a break this […]
NEW YORK — One of the more reliable warning signals for an economic recession is shining alarmingly brighter. The “yield curve” is watched for clues on how the bond market feels about the long-term outlook […]
It’s the inflation you’re not supposed to see. From toilet paper to yogurt and coffee to corn chips, manufacturers are quietly shrinking package sizes without lowering prices. It’s dubbed “shrinkflation,” and it’s accelerating worldwide. In […]
Amid concerns about stagflation and mounting recession fears, investors and consumers are increasingly worried about where the U.S. economy and the global system are headed. What often separates bullish or bearish investors is their timespans. […]
NEW YORK — Target is canceling orders from suppliers, particularly for home goods and clothing, and it’s slashing prices further to clear out amassed inventory ahead of the critical fall and holiday shopping seasons. The […]
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