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Economy

“Washington blinks as debt costs begin to bite”

“…“If interest rates basically stay at their current levels, interest will be the second-largest government program in two years,” said Marc Goldwein, senior policy director at the Committee for a Responsible Federal Budget. “Only Social Security will be larger.” Voters… Continue Reading…

Business, Energy

“Oil giant Saudi Aramco posts 38% drop in second-quarter profit as lower prices bite”

“Saudi state oil giant Aramco reported 112.81 billion riyal ($30.07 billion) in net profit in the second quarter, a drop of nearly 40% from the same period of last year amid a decline in hydrocarbon prices. Second-quarter profit nevertheless came… Continue Reading…

Economy, Real Estate

“Property Values Fall Across US, Europe on Bite From Inflation”

“Prices have fallen by about 5% to 10% compared to a year earlier in some areas, according to David L. Steinbach, with Europe following a trajectory set in the US. “I think we’re in for a rough few months,” he… Continue Reading…

Real Estate

“Property Values Fall Across US, Europe on Bite From Inflation”

“…Prices have fallen by about 5% to 10% compared to a year earlier in some areas, according to David L. Steinbach, with Europe following a trajectory set in the US. “I think we’re in for a rough few months,” he… Continue Reading…

Economy

“U.S. retail sales soften as high gasoline costs begin to bite”

“Growth in U.S. retail sales slowed in February after surging a month earlier, suggesting that consumers tempered their spending in some categories as inflation limited purchasing power.  The value of overall retail purchases increased 0.3 per cent, after an upwardly… Continue Reading…