Biden and Macron pledge unity against Russia and discuss the trade dispute

WASHINGTON (AP) – Presidents Joe Biden And Emmanuel Macron He pledged to maintain a united front against Russia on Thursday amid growing concerns about waning support for Ukraine’s war effort in the United States and Europe. Biden has also indicated that he may be willing to amend aspects of his climate legislation that have alarmed … Read more

Europe’s anti-American itch – Politico

Click play to listen to this article expressed by artificial intelligence. BERLIN – It’s getting cold in Europe, and so is the economy cisterns And the citizens get it Insomnia. There is only one answer: Blame America. Signaling across the Atlantic has long been a favorite diversionary tactic for Europe’s political elites when things start … Read more

Inflation is declining. Here’s what that means for your annual salary increase

Physics | iStock | Getty Images Inflation and annual wages are not in a one-to-one relationship. This became apparent to many workers last year when annual merit increases in salaries and wages were nowhere near the highest levels of inflation in four decades. Many employees stuck, even as wages increased by more than has been … Read more

Holiday shopping begins as inflationary sentiment drops

NEW YORK (AP) — While Black Friday will mark a return to familiar holiday shopping patterns, uncertainty remains. The US labor market remains strong, consumer spending is resilient and inflation is slowing. But higher prices for food, rent, gasoline and other household costs have weighed on shoppers. As a result, many are reluctant to spend … Read more

Baby Boomer retirees are doomed by inflation and a volatile stock market

Anita Cowles has planned a river cruise in Europe next year, taking in the sights and sounds of vibrant cities, sprawling mansions and medieval forts thousands of miles from her hometown in Alabama. Then she and her husband, Russell, planned a three-month road trip in their new RV. These are just two of the many … Read more

This is why it may take some time for housing inflation to cool down

An Open House flag is displayed outside a single family home on September 22, 2022 in Los Angeles, California. Allison’s Dinner | Getty Images There are indications that inflation could fall further in the coming months, but housing threatens to mute any improvement. consumer price index, a key measure of inflation, It rose 7.7% in … Read more

Russia will lose the energy war started by Putin – Politico

Agathe Demaris is the Director of Global Forecasting at the Economist Intelligence Unit. Her new book on the effects of US sanctions, “BackfireIt will be released next week. Russia has turned energy supplies into an economic weapon. The strategy is clear in Ukraine, where Russian drones and missiles bomb power stations. But it is also … Read more

Here are the industries that added the most jobs in October – and the industries that lagged behind

The Labor Department reported on Friday that the US economy gained 261,000 jobs in October. The latest figure is slightly lower than in September but still well above economists’ expectations of a 190,000 job gain. Despite rising inflation, rising interest rates, slowing economic growth and deepening concern about a recession in 2023, the resilient US … Read more

How will inflation affect voters’ decisions in the midterm elections?

The economy is a major issue heading into the midterm elections, with a New York Times/Siena poll showing that 44% of voters reported inflation and the economy as the most important problem facing the country. This means that it will play a role in the voting booth, but how much more remains to be seen … Read more