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- ECONOMY
Jobs blockbuster changes equation ahead of Bank of Canada rate decision
Breadcrumb Trail Links FP Economy Some economists think the central bank should move rate hikes up to early 2022 Author…
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America’s chronic labor shortage is ‘primary focus’ for Northrop Grumman in 2022, CEO says
WASHINGTON – Northrop Grumman CEO Kathy Warden said the ongoing labor shortage plaguing the nation was a primary focus for…
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Canada Goose workers vote to unionize in Winnipeg.
Workers at three plants owned by the luxury apparel-maker Canada Goose in Winnipeg, Manitoba, have voted overwhelmingly to unionize, according…
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Here’s why unemployment claims hit their lowest level since 1969
Recruiters speak with potential applicants during a job fair in Leesburg, Virginia, on Oct. 21, 2021. ANDREW CABALLERO-REYNOLDS | AFP…
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Video: Biden Discusses Holiday Shopping Season With Retail Executives
new video loaded: Biden Discusses Holiday Shopping Season With Retail Executives transcript Back transcript Biden Discusses Holiday Shopping Season With…
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Biden hosts CEOs to discuss holiday shopping supply chain issues, inflation
WASHINGTON — President Joe Biden hosted the CEOs of several major retailers at the White House on Monday to discuss…
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A dry Christmas: Poor grape harvests, nutty weather, global supply chain woes wallop wine industry
Breadcrumb Trail Links News FP Economy Commodities Agriculture Wine industry insiders encourage consumers to ‘buy early and buy more’ or…
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Inflation is not going away any time soon – and Biden will have to wait it out like the rest of us
Customers stand in line to check out at a grocery store in San Francisco, California, U.S., on Thursday, Nov. 11,…
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Fed members ready to raise interest rates if inflation continues to run high, meeting minutes show
Federal Reserve officials at their meeting earlier this month expressed concern about inflation and said they would be willing to…
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Inflation worries dominated the Federal Reserve’s last meeting.
Worries about inflation dominated the Federal Reserve’s November policy meeting, with some policymakers suggesting that the central bank should move…
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Initial unemployment claims last week fell to a half-century low.
Initial unemployment claims tumbled last week to their lowest point since 1969, the Labor Department reported Wednesday. New filings for…
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Critic of Teamsters leader claims victory in race to succeed him.
The head of a Boston local who urged a more assertive stand toward employers like the United Parcel Service —…
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Rent for single-family homes surged 10% in September, boosted by pricey for-sale market and job growth
Kent Weakley | Getty Images Rents for single-family homes increased 10.2% nationally in September year over year, up from a…
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Fuel, housing costs boosted October’s inflation. Here’s what it means for the Fed’s stance on interest rates
A gas pump at an Arco gas station in San Diego, California. Mike Blake | Reuters October’s surge in consumer…
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Consumer prices jumped in October, but one indicator says inflation might be peaking
Shipping containers in the Port of Los Angeles in Los Angeles, California, U.S., on Wednesday, Oct. 13, 2021. Kyle Grillot…
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Big business bosses are warning that supply chain issues and inflation are here to stay
A truck picks up a shipping container at the Port of Savannah in Georgia. The supply chain crisis has created…
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Wholesale prices rise 8.6% year over year in October, tied for highest ever
Final demand prices rose 8.6% from a year ago in October, their highest annual pace in records going back 10…
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Chip Shortage Creates New Power Players
SAN FRANCISCO — Since 1989, Microchip Technology has operated in an unglamorous backwater of the electronics industry, making chips called…
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Can Progress on Diversity Be Union-Made?
Mr. Erlich is one of the authors of a book addressing the history of racial exclusion in the building trades.…
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Biden meets with Fed leaders Powell and Brainard as nomination decision nears
Lael Brainard, governor of the U.S. Federal Reserve with Fed Governors, Jerome Powell and Stanley Fischer. Andrew Harrer | Bloomberg…
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Retailers look to staff up ahead of holiday rush with workers in short supply
My Secret Stash in Traverse City, Mich., is thinly-staffed ahead of the holiday rush. Owner Karen Hilt is gearing up…
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Job creation roars back in October as payrolls rise by 531,000
The U.S. job market snapped back in October, with nonfarm payrolls rising more than expected while the unemployment rate fell…
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Video: Fed Plans to Slow Economic Aid Amid Inflation Concerns
new video loaded: Fed Plans to Slow Economic Aid Amid Inflation Concerns transcript Back transcript Fed Plans to Slow Economic…
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Companies add 571,000 jobs in October thanks to a big boost in hospitality hires, ADP says
A company advertises a help wanted sign on April 09, 2021 in Pawtucket, Rhode Island. Spencer Platt | Getty Images…
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The Fed is expected to announce end to bond-buying program as investors seek clues on first hike
Federal Reserve Chairman Jerome Powell testifies during a Senate Banking, Housing and Urban Affairs Committee hearing on the CARES Act,…
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Build Back Better would extend tax credit boost for millions of low-income Americans
President Joe Biden delivers remarks on his Build Back Better agenda from the East Room of the White House after…
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Yellen tells Biden that Fed Chair Powell has done a ‘good job’ as renomination looms
Treasury Secretary Janet Yellen said she has discussed with President Joe Biden how he should proceed on naming a Federal…
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Bill Ackman calls for the Fed to start raising interest rates ‘as soon as possible’
Bill Ackman, founder and CEO of Pershing Square Capital Management. Adam Jeffery | CNBC Billionaire hedge fund manager Bill Ackman…
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Businesses set to raise prices and wages, adding to inflation concerns
Breadcrumb Trail Links News FP Economy Small and medium firms expect to raise prices by 3.9 per cent over the…
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Program to Lend Billions to Aid California’s Supply-Chain Infrastructure
WASHINGTON — The Transportation Department will team up with California to provide billions in loans to strengthen the state’s overwhelmed…
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Jack Dorsey is worried about ‘hyperinflation’ — these experts say you shouldn’t be that scared
Twitter and Square CEO Jack Dorsey recently issued a dire economic prediction, complete with a frightening phrase: hyperinflation. “Hyperinflation is…
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The U.S. economy slowed in the third quarter, growing 0.5 percent.
Economic growth slowed sharply over the summer as supply-chain bottlenecks and the resurgent pandemic restrained activity at stores, factories and…
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Hyperinflation warnings are ‘totally ridiculous,’ economist and longtime bear David Rosenberg says
Economist David Rosenberg suggests hyperinflation warnings are irrational. The longtime bear, known for his contrarian views, blames rising prices on…
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Eggnog on shelves in October? Why not, say retailers, producers — and customers
Breadcrumb Trail Links News FP Economy The traditional treat isn’t just for Christmas any more and its boosting dairy sales…
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Weekly mortgage demand drops over 6% after interest rates move even higher
Climbing mortgage interest rates caused another drop in mortgage demand for both refinances and home purchases. Total application volume fell…
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Twitter and Square CEO Jack Dorsey says ‘hyperinflation’ will happen soon in the U.S. and the world
Jack Dorsey, CEO of Twitter and co-founder & CEO of Square, speaks during the crypto-currency conference Bitcoin 2021 Convention at…
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Paul Tudor Jones says inflation could be worse than feared, biggest threat to markets and society
Paul Tudor Jones Michael Nagle | Bloomberg | Getty Images Billionaire hedge fund manager Paul Tudor Jones believes that inflation is here…
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Supply chain chaos is already hitting global growth. And it’s about to get worse
Cargo trucks parked at the Port of Los Angeles in Los Angeles, California, U.S., on Wednesday, Oct. 13, 2021. Kyle…
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Shaunavon, Saskatchewan — The town the internet forgot
Breadcrumb Trail Links Telecom News FP Economy Spotty internet connections and crappy-to-non-existent cell service mean that everything is more complicated,…
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Former Canadian central banker pushes Cornwall Consensus after Washington Consensus dies
Breadcrumb Trail Links News FP Economy Governments ‘need to focus on shaping markets, as opposed to reacting to problems that…
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Biden Administration Pledges Support for Trade Organization
Jake Colvin, the president of the National Foreign Trade Council, which represents major multinational companies, said it was “fundamentally encouraging…
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The Fed prepared to slow support for the economy and worried about supply chain disruption at its last meeting.
Federal Reserve officials were preparing to begin slowing down monetary policy support as soon as the middle of November, minutes…
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Macklem aims to take bigger role on world stage after year of putting out fires at home
Breadcrumb Trail Links News FP Economy The rules of global finance are being rewritten and Tiff Macklem intends to be…
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Fed Governor Lael Brainard is in line for a key banking position. Here’s what it could mean for Wall Street
Lael Brainard, governor of the U.S. Federal Reserve, speaks during the National Association of Business Economics (NABE) annual meeting in…
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Video: Biden Stresses Low Unemployment Rate After Weak Jobs Report
new video loaded: Biden Stresses Low Unemployment Rate After Weak Jobs Report transcript Back transcript Biden Stresses Low Unemployment Rate…
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Finance Executives Say Risk of Default Is Already Damaging the Economy
President Biden met with finance executives on Wednesday as he continued to try to put maximum pressure on Senate Republicans…
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The New Jobs Numbers Are Pretty Good, Actually
It’s not as bad as it looks. That’s the most important thing to take away from Friday’s release of the…
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Chris Castro
Chris Castro serves as the Senior Advisor to Orlando Mayor Buddy Dyer, Director of Sustainability & Resilience, and ‘Future-Ready’ steering committee member at…
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Where the Suburbs End
Instead of hunting for easy house flips, Mr. Spicer said, he’s on the lookout for homes on abnormally large lots…
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Bank of Canada’s Tiff Macklem urges calm, says price spikes still look transitory
Breadcrumb Trail Links FP Economy Bank of Canada governor is assuming unmet demand during the summer represents future demand once…
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