Economy

Five key US economic sectors to keep an eye on in 2022

 Five key US economic sectors to keep an eye on in 2022

The US GDP growth fell to around 2% in the third quarter from a year earlier. However, the full-year growth is expected to be 5.2% and expand by 3.5% in 2022. Likewise, the Consumer Price Index (CPI) YoY change is expected to be 6% in December 202...

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California’s Car Culture Shows The Way In Climate Fight

California’s Car Culture Shows The Way In Climate Fight

  Californians do not just love their cars, but they are also leading the way in reducing vehicular pollution in the fight against climate change. Vehicular pollution has been a major issue in the state, known for its cliff-lined sparkling sand...

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Key Takeaways From US Federal Budget For Fiscal 2022

Key Takeaways From US Federal Budget For Fiscal 2022

U.S. President Joe Biden on Friday presented the full budget for fiscal year 2022 that seeks to spend US$6.013 trillion, up from US$4.174 trillion in fiscal 2021. The budget includes Biden’s previously announced American Families Plan and Amer...

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US FY 2022 Budget: Key Sector Allocation

US FY 2022 Budget: Key Sector Allocation

President Joe Biden unveiled his US$6 trillion FY 2022 budget on Friday, May 28. It has been prepared in keeping in mind two broad areas of action: the American Job Plan and the American Families Plan. The plans detail the priority areas of activity...

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US Budget FY2022: Infrastructure, Healthcare Get Top Priority

US Budget FY2022: Infrastructure, Healthcare Get Top Priority

President Joe Biden on Friday, May 28, unveiled his maiden budget for the fiscal year 2022, giving top priority to infrastructure, healthcare, and climate change, as he gets ready for a major overhaul of the US economy. The spending plan is focuse...

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President Biden’s FY22 Budget: What To Watch

President Biden’s FY22 Budget: What To Watch

Summary President Joe Biden to push for a US$6 trillion Federal Budget for FY2022. Spending on social security, healthcare, and infrastructure to get priority. Higher taxes for wealthy Americans and corporate giants on the cards. Presiden...

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Joe Biden To Present His First Full Budget

Joe Biden To Present His First Full Budget

President Joe Biden is set to present his first full budget for the fiscal year 2022 today, which would give more insights into his proposed spending in major areas including education, healthcare, foreign aid and immigration policy as well as other ...

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GOP To Make A Counteroffer of US$1trillion To Biden's Infra Plan

GOP To Make A Counteroffer of US$1trillion To Biden's Infra Plan

Summary President Biden is pursuing bipartisan support for the bill, which seeks to revamp the country's infrastructure, including roads, bridges, airports, and other facilities. Republican senators were confident that the new offer would be ag...

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US Home Prices Surge To 15-Year High Amid Scarce Supply

US Home Prices Surge To 15-Year High Amid Scarce Supply

Summary Home prices in 20 major US cities have gone up due to high demand and low supply. There were 1.07 million homes on sale in March, 28.2% lower than last year’s figure. Economists say that prices will remain high due to the shortag...

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5 Reasons to Worry About Growing Inflation Anxiety

5 Reasons to Worry About Growing Inflation Anxiety

Inflations concerns among investors and experts have taken shape over the past few months. Fears are mounting that a strong post-COVID recovery could spur consumer spending and a resultant price increase in economies, like the US. At a time when i...

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BofA Joins Amazon, McDonald’s In Raising Minimum Wage

BofA Joins Amazon, McDonald’s In Raising Minimum Wage

Bank of America Corporation (NYSE: BAC) is the latest to join corporate America in raising the minimum hourly wages for workers. Amazon.com, Inc. (NASDAQ: AMZN) and McDonald's Corporation (NYSE: MCD) had earlier announced to hike the minimum hourly...

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