WASHINGTON (AP) — With inflation raging near its highest level in four decades, the House of Representatives on Friday finally approved President Joe Biden’s landmark inflation-reducing bill. Its title begs a tantalizing question: will the measure actually tame the price spikes that have been wreaking havoc on American households? Economic analysis of the proposal suggests … Read more
By LISA MASCARO, AP’s Conventional Correspondent WASHINGTON (AP) – The largest investment to date in the United States to combat climate change. A hard-fought cap on out-of-pocket prescription drug costs for seniors in the Medicare program. A new minimum corporate tax to ensure big companies pay their share. And billions are left over to pay … Read more
LONDON — The average cost of a pint in the UK has risen 70% since 2008 – well ahead of inflation – and some Londoners are parting with as much as £8 ($9.70) for 568ml of amber nectar. According to figures from consultancy CGA, the average cost of a pint has risen from £2.30 in … Read more
By PAUL WISEMAN, AP business writer WASHINGTON (AP) – The US job market has defied raging inflation, rising interest rates and growing fears of a recession. Month after month, US employers hired hundreds of thousands of workers, often exceeding forecasts. But now economists fear signs of weakness are emerging in recruitment, threatening one of the … Read more
household services AdobeStock_128413819 With the Federal Reserve’s multiple rounds of interest rate hikes, rising costs of goods and services, and supply chain challenges, American small business owners have been hit with one blow after another. We speak to Joe Walsh, CEO of Thryv – a provider of cloud-based SaaS business platforms for small and medium-sized … Read more
DUBAI: 2021 was a record year for Pakistan’s startups. Investors around the world saw the country as a booming hub, leading to an incredible influx of venture capital funding. Small businesses began to mushroom and prosper, and it seemed like Pakistan had finally announced itself in a big way. According to an Invest2Innovate (i2i) deal … Read more
DUBAI: 2021 was a record year for Pakistan’s startups. Investors around the world saw the country as a booming hub, leading to an incredible influx of venture capital funding. Small businesses began to mushroom and prosper, and it seemed like Pakistan had finally announced itself in a big way. According to an Invest2Innovate (i2i) deal … Read more
Stocks ended higher across the board on Thursday as investors grew more optimistic that a slowdown in the US economy means the Federal Reserve can moderate its aggressive rate hikes aimed at taming inflation. The S&P 500 rose 1.2% as more than 80% of stocks in the benchmark index closed higher. The Dow Jones Industrial … Read more
WASHINGTON, DC — Federal Reserve Chair Jerome Powell speaks at a news conference after a … [+] Federal Open Market Committee meeting in Washington, DC. He announced that the Federal Reserve would raise interest rates by 75 basis points to combat high inflation. (Photo by Win McNamee/Getty Images) Getty Images Inflation is hitting small businesses … Read more