Economy

Economy news. Economy refers to the system of production, distribution, and consumption of goods and services within a society. It encompasses everything from individual spending and business operations to government policies and international trade. The economy is influenced by numerous factors, including supply and demand, inflation, employment rates, and fiscal policies

DACA Repeal Could Cost US Businesses, Economy Billions

The White House’s decision this week to repeal the Deferred Action for Childhood Arrivals (DACA), carries enormous repercussions for the nearly 800,000 beneficiaries: The undocumented young people who were brought …

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DACA Repeal to Cost U.S. Businesses, Economy Billions

The White House’s decision to repeal DACA, or Deferred Action for Childhood Arrivals, carries enormous repercussions for the nearly 800,000 beneficiaries who arrived in the U.S. as children. Over the …

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Hurricanes Harvey and Irma Could Shave Up to 1 Percent From US GDP in 3rd Quarter

Two back-to-back storms will have a significant impact on U.S. growth and productivity, according to economists tracking the impact of Hurricanes Harvey in Texas, and Irma — expected to make …

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China’s Economy Growing Faster Than Expected

China’s producer price inflation accelerated more than expected to a four-month high in August, fueled by strong gains in raw materials prices and pointing to strong, sustained growth for both …

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Hurricane Irma Threatens Millions of Homes, Worries Insurers

Real estate experts say Hurricane Irma’s winds threaten 8.5 million homes and businesses in Florida. A report from data analysis firm CoreLogic says storm surges — floodwaters driven by high …

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Ryan Aiming for Low- to Mid-20 Percent US Corporate Tax Rate

With Republicans in Congress under pressure to deliver on taxes, House Speaker Paul Ryan said Thursday the GOP plan will aim to reduce the corporate tax rate to low- to …

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Equifax: Cyberattack Could Affect 143M Americans

About 143 million Americans could be affected by a cyberattack on the credit monitoring company Equifax. The Atlanta-based company said Thursday the hackers obtained names, social security numbers, birth dates, …

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Chinese Investment Welcomed in Small Arkansas Town

One of China’s biggest textile mills is planning its first North American factory in a small town in the southern U.S. state of Arkansas. VOA’s Ping Zhang went to have …

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Trump’s Trade Adviser Says Hopes to Reach Trade Deal with S. Korea

U.S. President Donald Trump’s top trade adviser expressed optimism on Tuesday about reaching agreement on a revised free trade pact with South Korea, days after Trump suggested scrapping the deal …

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New York Fashion Week Ready for Kickoff

New York Fashion Week, the first in a series of global style weeks during September, is gearing up with designers ready to present their visions for Spring 2018. This season, …

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Round of NAFTA Talks Ends Amid Resistance Over Mexico Wages

The second round of talks on renegotiating the North American Free Trade Agreement ended Tuesday amid resistance to discussing Mexico’s low wages and large differences over dispute resolution mechanisms.   …

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BRICS: Militant Groups Pose a Threat to Regional Security

Leaders of BRICS, an acronym for the economies of Brazil, Russia, India, China and South Africa combined, on Monday expressed concerns over Pakistan-based militant groups and cited them as a …

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Immigrants Are Sought for Labor Shortage in Harvey Recovery

As a parade of motorists rolled down their windows on the edges of a Houston Home Depot parking lot offering cash, the crowd of day laborers had slowly thinned to …

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US Factory Orders Tumbled 3.3 Percent in July

Orders at U.S. factories tumbled in July, dragged down by a sharp fall in orders for civilian aircraft.   The Commerce Department said Tuesday that factory orders declined 3.3 percent …

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For Chinese Millennials, Despondency Has a Brand Name

Chinese millennials with a dim view of their career and marriage prospects can wallow in despair with a range of teas such as “achieved-absolutely-nothing black tea,” and “my-ex’s-life-is-better-than-mine fruit tea.” …

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Report: Fewer Americans Along Coasts Buy Flood Insurance

Amanda Spartz nearly did not renew her home’s flood insurance policy after her first year in Florida. Two hurricanes came close to the Fort Lauderdale suburbs last year, but they …

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Schoolchildren Help Build Tiny Home for Homeless Veteran

Homelessness is a serious problem, and there are a variety of approaches to combating it. Faith Lapidus has the story of one effort to tackle the problem in Los Angeles, …

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Washington-area Nonprofit Reclaims Floors and Doors, Gives Back to Community

U.S. home builders created more than a million units of housing in 2016. Often, older homes are demolished to make way for the new buildings, and things like doors, floors, …

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Harvey Likely to Crimp Growth, Employment Temporarily

Hurricane Harvey may temporarily slow U.S. consumer spending, hurt national economic growth and boost unemployment for a while. Experts say it is very hard to accurately predict just how seriously …

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China to Host Fellow BRICS Members at Summit

China on Sunday hosts the annual summit of leaders from the BRICS countries — the emerging markets of Brazil, Russia, India, China and South Africa. They represent 40 percent of …

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US Unemployment Edges Upward to 4.4 Percent

The U.S. unemployment rate rose slightly in August and the net gain in jobs was lower than economists predicted. Friday’s report from the Labor Department says the jobless rate rose …

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African Migrants Find Work as Beekeepers in Italy

Aid groups have criticized efforts by European leaders to stem the flow of migrants from sub-Saharan Africa, arguing Europe’s economy needs more workers. One nongovernmental organization in Italy has been …

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