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Economy

Are We in a Productivity Boom? For Clues, Look to 1994

The last time the American economy was posting surprising economic growth numbers amid rapid wage gains and moderating inflation, Ace of Base and All-4-One topped the Billboard charts and denim overalls were in vogue.Thirty years ago, officials at the Federal Reserve were hotly debating whether the economy could continue to chug along so…
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CNBC Daily Open: Inflation fight may go down bumpy path

A view of grocery store in Washington DC, United States on February 14, 2024. Mostafa Bassim | Anadolu | Getty ImagesThis report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Like what you see? You can subscribe …
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USA’s Massive Attack On Business Fraudsters

The Covid pandemic between 2020-2022 was not just a health hazard but also jolted the economies of the world. The most affected is the USA, with several instant moves like the Paycheck Protection Program (PPP) and Economic Injury Disaster Loans (EIDL) aimed at keeping the people calm and contented. To prevent mass suicides due to loss of…
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More than 11 million Britons have less than £1,000 in savings

More than 11 million working-age people in Britain don’t have basic “rainy day” savings of at least £1,000, according to a report that warns that the poorest households are struggling to build up financial resilience amid the cost of living crisis.The Resolution Foundation said people across Britain faced a “triple savings challenge” of…
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