The office’s Current View of the Economy from 2023 to 2025 report estimates that the unemployment rate will rise to 4.4% by the end of 2024.
Alex McCann
Posted inBusiness, Nation & World, News
Tesla Autopilot recall threatens its defense in lawsuits over crashes
The electric vehicle company’s biggest recall ever threatens to hurt its defense in several high-profile lawsuits it faces over crashes linked to Autopilot.
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Posted inArts & Entertainment, Nation & World
Prince Harry claims vindication in court victory as judge finds British tabloid hacked his phone
Mirror Group Newspapers were ordered to pay the Duke of Sussex $180,000 for using unlawfully gathered information.
Posted inNation & World, News, Politics
Israeli military veteran tapped as Republican candidate for special election to replace George Santos
Nassau County legislator and former Israeli paratrooper Mazi Pilip will face off against Democratic former Rep. Tom Suozzi in February.
Posted inNation & World, News
Putin says Russia is in ‘a dialogue’ with U.S. for returning prisoners Evan Gershkovich and Paul Whelan
Gershkovich, a Wall Street Journal reporter and Bowdoin graduate, was detained in March. Whelan, a security executive from Michigan, has been jailed since 2018. Both dispute the espionage charges they face.
Posted inBusiness, Nation & World, News
Why Argentina’s shock measures may be the best hope for its ailing economy
In the past five years, its currency has lost about 90% of its value against the U.S. dollar.
Posted inBusiness, Nation & World, News
Retail sales rise 0.3% in November as Americans hit the gas on shopping, travel and restaurants
Americans picked up their spending from October to November as the unofficial holiday season kicked off, underscoring that shoppers still have power to keep buying.
Posted inBusiness, Nation & World, News
Wall Street makes zero progress in energy finance transition
The industry needs to get to a 4-to-1 ratio of clean energy versus fossil fuel financing by 2030. At the end of last year, it was 0.73 to 1 – little changed from 2021.
Posted inNation & World, News, Politics
Trump, declaring he has ‘nothing more to say,’ announces he won’t testify again at New York fraud trial
The former president had been expected to return to the stand Monday. Instead, his trial will continue Tuesday with other witnesses.
Posted inBusiness, Food & Dining, Nation & World, News
Chocolate prices are rising everywhere as cocoa rots in West Africa
Punishing rains and the relentless creep of black pod disease push futures to their highest since the 1970s.