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New Jersey Lawmakers Throw Governor Murphy’s Flailing Offshore Wind Agenda an Economic Lifeline
TRENTON, N.J. — A proposed bill in the New Jersey Legislature would create a new tax credit program aimed at supporting manufacturers and clean energy product manufacturers, allocating up to $500 million…
Chile’s economic activity index up 0.3% in October, offset by mining decline
(Reuters) – Chile’s IMACEC economic activity index rose 0.3% in October from the previous year, the central bank said on Friday, slightly below forecasts. Economists polled by Reuters expected a 0.4% increase.…
US equity funds see weekly outflows amid profit-taking, economic report caution
(Reuters) – U.S. equity funds witnessed outflows in the week to Nov. 29, as investors booked profits after a strong rally and were cautious ahead of some key economic reports and earnings…
US economic activity slowed in recent weeks, Fed survey shows
(Reuters) – U.S. economic activity slowed from early October through the middle of November, while businesses reported inflation largely moderated and it was easier to hire workers, the Federal Reserve said in…
Euro zone economic sentiment inches up in November
BRUSSELS (Reuters) – Euro zone economic sentiment increased slightly for a second consecutive month in November, in line with expectations, as a modest up-tick of the mood in services, retail and amongst…
Wells Fargo sees economic “soft patch” capping further S&P 500 gains
By David Randall NEW YORK (Reuters) – An upcoming “economic soft patch” will likely weigh on the recent U.S. equity rally and stall sectors such as consumer discretionary and small-cap stocks, strategists…
China warns South Korea not to politicise economic issues
BEIJING (Reuters) – Chinese Foreign Minister Wang Yi warned his South Korean counterpart on Sunday not to politicise economic and tech issues as the two prepared to meet Japan’s top diplomat on…
Israel’s economic growth to slow to 2% in 2023 due to war -finance ministry
By Steven Scheer JERUSALEM (Reuters) -Israel’s economy is expected to grow 2% in 2023, down from a prior estimate of 2.7%, the Finance Ministry said on Thursday citing the effects of Israel’s…
Biden steps up Trump attacks as economic message falls flat
By Nandita Bose and Trevor Hunnicutt WASHINGTON (Reuters) – U.S. President Joe Biden is more aggressively going after his likely 2024 election rival Donald Trump as polls show efforts to campaign on…
S&P 500 to see small gain in 2024 as US economic risks rise: Reuters poll
By Caroline Valetkevitch NEW YORK (Reuters) – The S&P 500 will end next year only about 3% higher than its current level, with a possible U.S. economic slowdown or recession among the…
Mexico stocks to gain further in 2024 on faster economic growth: Reuters poll
By Gabriel Burin and Ana Isabel Martinez BUENOS AIRES/MEXICO CITY (Reuters) – Mexican stocks will likely gain further in 2024, propelled by faster economic growth, but local markets may go through some…
Governor Murphy Says New Jersey’s Economic Woes Caused by Factors Beyond His Control
New Jersey Governor Phil Murphy spoke before hundreds of New Jersey’s elected officials in Atlantic City on Thursday at the annual League of Municipalities conference. During his speech, Murphy acknowledged the financial…
Fed’s Cook says economic risks two-sided, ‘soft landing’ possible
SAN FRANCISCO (Reuters) – The U.S. central bank must steer between the risk of doing too little and taking the fight against inflation too far, Federal Reserve Governor Lisa Cook said on…
Oman recovering, IMF says, though more reforms required
DUBAI (Reuters) -Oman’s economic recovery is continuing, the International Monetary Fund (IMF) said on Thursday, adding that while it expects growth to rebound in 2024 after a slowdown this year on the…
Texas Man Pleads Guilty to Fraudulently Obtaining more than $400,000 in COVID-19 Economic Assistance Loans
Jackson, Miss. – A Texas man pleaded guilty to illegally obtaining more than $400,000 in COVID-19 economic assistance loans. According to court documents, Ganiyu Abayomi Jimoh, 30, of Houston, Texas, conspired…
China, South Korea to establish mechanism on practical economic cooperation
BEIJING (Reuters) – China and South Korea will establish a mechanism on practical economic cooperation, Chinese state media reported on Wednesday, following a meeting of economic planning officials from both countries. Chinese…
Canada govt to release annual fall economic statement on Nov. 21
OTTAWA (Reuters) – The Canadian government will release its annual fall economic statement (FES) on Nov. 21, the finance ministry said on Thursday. The FES will provide information on the state of…
New Jersey Wind Energy Collapse Exposes Economic Unsustainability in Offshore Turbine
TOMS RIVER, NJ — Danish energy company Orsted will discontinue development of two major offshore wind projects, Ocean Wind 1 and 2, near New Jersey, the firm confirmed this week. The announcement…
South Korea economic growth to exceed potential rate in 2024, Yoon says
SEOUL (Reuters) – South Korean President Yoon Suk Yeol said on Tuesday the economy in 2024 would exceed the potential growth rate after picking up pace in the second half of 2023,…
Taiwan Q3 economic growth seen picking up pace on domestic consumption- Reuters poll
TAIPEI (Reuters) – Taiwan’s trade-dependent economy likely grew faster in the third quarter than the second thanks to resilient domestic consumption and a tentative rebound in exports, a Reuters poll showed on…
Mexico sees solid economic expansion but price pressures persist
MEXICO CITY (Reuters) – Mexico’s economy, the second biggest in Latin America, could expand by 3.5% or more this year, a senior finance ministry official said on Wednesday, as one central banker…
Biden White House Taps Architect Of Liz Warren’s Student Debt Forgiveness Plan For Economic Aide Post
Biden White House Taps Architect Of Liz Warren’s Student Debt Forgiveness Plan For Economic Aide Post Will Kessler on October 23, 2023 The architect behind Sen. Elizabeth Warren’s student debt forgiveness plan…
China-US Economic Working Group holds first meeting
BEIJING (Reuters) – The China-U.S. Economic Working Group held its first meeting via video link on Tuesday, the Chinese finance ministry said. The two sides had “in-depth, candid and constructive” discussion on…
China to bolster economic recovery and curb risks, central bank head says
SHANGHAI/BEIJING (Reuters) – China will promote a sustained economic recovery, focusing on expanding domestic demand, while fending off financial risks, People’s Bank of China Governor Pan Gongsheng said in a report published…
US auto strike’s economic fallout starts to hurt global businesses
By Shivansh Tiwary and Raechel Thankam Job (Reuters) – Businesses ranging from airlines to auto parts makers are starting to feel the heat from the month-long strike by hourly workers at the…
Ford says US fuel economy plan threatens ‘substantial economic hardship’
WASHINGTON (Reuters) – Ford Motor Co said the Biden administration’s proposal to drastically hike fuel economy standards through 2032 threatens “substantial economic hardship.” The automaker told the National Highway Traffic Safety Administration…
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