Fed Now Facing Twin Inflation, Growth Risks As Virus Jumps And Supply Chains Falter
Economy
Japan Continues To Struggle To Build Its Way Form Under Pandemic
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U.S. Retail Sales Unexpectedly Rebound In Boost To Economic Growth
"U.S. retail sales unexpectedly increased in June as demand for goods remained strong even as spending is shifting back to services. -
China's Economic Recovery Loses Some Steam, Investors Eye More Policy Easing
"China's economy grew slightly more slowly than expected in the second quarter, weighed down by higher raw material costs and new COVID-19 outbreaks, as expectations build that policymakers may have to do more to support the recovery.
The Latest
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Netflix Begins Trimming Staff As Subscribers Leave Streaming Platform
About 150 Netflix employees have been laid off, most of them in the U.S. 
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Federal Reserve To Hike Rates By Record Half-Percentage Point
The last time the Federal Reserve raised rates by a half-percentage point was more than two decades ago. 
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Food Prices Reaching Incredible Highs Due to Fertilizer Shortages
The prices of grains and vegetable oils hit all-time highs last month, owing partly to the Russian-Ukrainian conflict. 
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Oil Prices Dip Amid China Lockdowns And Strategic Reserve Release
The decrease in demand in China and the planned release of oil reserves have caused oil prices to dip for the second straight week. 
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Inflation Forces Americans To Reduce Their Spending
More than three-quarters of Americans fear that rising prices will force them to reconsider their financial decisions in the coming months. 
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Deutsche Bank First To Forecast U.S. Recession
Deutsche Bank forecasted that the U.S. is heading for a recession, which could hit late 2023. 
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Asian Stocks Soar After Oil Price Breaks Past $100 Level
Investors are struggling to predict what will happen to the economy as a result of Russia's invasion of Ukraine. -
Moody's And Fitch Cut Sovereign Rating Of Russia To 'Junk'
Russian shares are also expected to be removed from all other indexes. 
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Canada Shuts Waterways, Ports To Russian Ships Over Ukraine Attack
Canada's move will have an impact on Russia, especially if other countries follow suit, official says. 
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China Economy Grew By 8.1% Last Year, 2022 Prospects Still Uncertain
China's economy grew by 8.1% last year but analysts expect a slowdown this year due to factors such as the prolonged pandemic and the nation's stringent zero-COVID policy. 
