WASHINGTON (AP) – Housing sales are booming. Shares set record highs. Industrial production is climbing out of the ditch into which it fell earlier this year. And yet, the U.S. economy is nowhere near recovering from the health it achieved, with low unemployment, consumers spending free and thriving travel, before …
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US President Donald Trump is leaving for the first day of the Republican National Convention after delegates voted to confirm him as the Republican presidential candidate for re-election in Charlotte, North Carolina, August 24, 2020. Leah Millis | Reuters WASHINGTON – President Donald Trump will accept his party’s nomination for …
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BALTIMORE (AP) – The U.S. economy shrank in April-June with an alarming annual rate of 31.7% as it struggled under the weight of the viral pandemic, the government estimated Thursday. It was the sharpest four-year drop on record. The Department of Commerce downgraded its previous estimate of U.S. gross domestic …
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Editor’s Note: Step up in minutes with our quick summary of current must-read news stories and expert opinions moving the precious metals and financial markets. Sign up here! (Kitco News) Gold fell to new daily lows after the U.S. fell short of expectations in July in handling home sales, showing …
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The numbers: New unemployment benefits fell to just over $ 1 million in late August, resuming a downward trend, perhaps signaling the resumption of a slow or painful recovery in the U.S. labor market. Initial unemployment claims, a rough measure of redundancies, were rejected by 98,000 to 1 million in …
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