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Economy

“Biggest US cities losing hundreds of workers every day, and even more should be fleeing”

“Among the reasons? Skyrocketing housing costs, pricey child care, the crowds and relentless traffic. Sometimes the local culture isn’t a fit or they want to be nearer to family. Unfortunately many workers would love to leave the cities behind but need to… Continue Reading…

Business, Economy

“Workers celebrate deal with GM, show union power in industry”

“Details of the four-year pact weren’t released, but GM’s latest offer to end the monthlong strike included wage increases and lump-sum payments, top-notch health insurance at little cost to workers, promises of new products for many U.S. factories and a… Continue Reading…

Economy

“[P.O.T.U.S.] Says China to Boost Farm Spending to Up to $50 Billion”

“China will at least double its spending on U.S. agriculture as part of a partial trade accord between the two countries that’s likely to be well received by crop traders when markets reopen. Under terms of the arrangement, spending will… Continue Reading…

Economy, Real Estate

“Lower mortgage rates are causing an epic housing shortage”

“Housing inventory hit a record low about two years ago, but a lull in home sales over the past year helped build back much-needed supply, especially in the mid-priced range. Then a sharp drop in rates this summer brought demand… Continue Reading…

Economy

“Two-thirds of households preparing for recession, even as U.S. economy continues to grow”

“Some 69% of participants in a recent poll said they were taking steps to shore up their finances ahead of a possible downturn, including 44% who said they were spending less money. Some 10%, including 13% of college graduates, are looking for… Continue Reading…

Economy

“Millennials are about to trigger a major ‘changeover point’ for the US economy, asset manager says”

“U.S. adults aged between 21 and 38 years old will prioritize “necessity spending” over the next decade, Bill Smead told CNBC’s “Squawk Box Europe” on Monday. It comes after a 10-year period in which the same age group has “lived… Continue Reading…

Banking, Economy

“New York Fed Adds $82.7 Billion To Financial System in Latest Repo Transaction”

“The Federal Reserve Bank of New York added $82.7 billion to the financial system Friday, using the market for repurchase agreements, or repo, to relieve funding pressure in money markets. Banks asked for $21.15 billion in 6-day loans, all of… Continue Reading…

Business

“Inpixon Receives Notice of Allowance for U.S. Patent Covering Method of Storing and Analyzing Data”

“Inpixon (Nasdaq: INPX), a leading indoor positioning and data analytics company, today announced it has received a Notice of Allowance from the U.S. Patent and Trademark Office allowing its patent application covering a method of storing and analyzing variable-width data.… Continue Reading…

Economy

“Singapore overtakes US as world’s most competitive economy”

“Singapore has knocked the United States out of the top spot in the World Economic Forum’s annual competitiveness report. The index, published on Wednesday, takes stock of an economy’s competitive landscape, measuring factors such as macroeconomic stability, infrastructure, the labor market and… Continue Reading…

Economy

“Small-town Bankers Are Still Hopeful about US Economy”

“American financial experts may be worried about trade wars, tariffs and talk of a recession, but ask a small-town banker and economic conditions are pretty good. Across the United States, people are building and buying homes. Small businesses are borrowing money to… Continue Reading…