UK Retail Sales Recover In August

UK retail sales expanded in August on food and non-food store sales after wet weather hit footfall in July, official data showed on Friday. Retail sales posted a monthly growth of 0.4 percent, in contrast to the 1.1 percent decline seen in July. Nonetheless, sales volume was slightly weaker than economists’ forecast of 0.5 percent rise. Excluding auto fuel, retail […]

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U.S. Jobless Claims Unexpectedly Decrease To Seven-Month Low

First-time claims for U.S. unemployment benefits unexpectedly fell to a seven-month low in the week ended September 16th, the Labor Department revealed in a report released on Thursday. The report said initial jobless claims dipped to 201,000, a decrease of 20,000 from the previous week’s revised level of 221,000. Economists had expected jobless claims to inch up to 225,000 from […]

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German Housing Construction Cancellations At New High – Ifo

Germany’s residential construction sector crisis continued to intensify in August with the number of project cancellations hitting a new high, mainly due to rising costs and higher interest rates, a survey from the ifo Institute revealed Tuesday. In August, 20.7 percent of companies reported canceled housing projects, up from 18.9 percent in the previous month, the findings of a survey […]

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Michigan Home Heating Tax Credit: Deadline to Apply Is Sept. 30

Michigan residents have just over two weeks left to apply for a tax credit that will help them stay warm when the winter arrives. Specifically, qualifying residents have until September 30 to apply for the Michigan Home Heating Tax Credit. Michigan Home Heating Tax Credit: How Much You May Get Michigan’s Home Heating Tax Credit helps low-income families pay part […]

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How Philip Lowe was caught on the cusp of history

Save articles for later Add articles to your saved list and come back to them any time. Outgoing Reserve Bank boss Dr Philip Lowe was our most academically outstanding governor, with the highest ethical standards. And he was a nice person. But if you judge him by his record in keeping inflation within the Reserve’s 2 to 3 per cent […]

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Fed's Beige Book Indicates Modest Economic Growth

The Federal Reserve released its Beige Book, a compilation of anecdotal evidence on economic conditions in each of the twelve Fed districts, on Wednesday. The Beige Book said contacts from most Fed districts indicated economic growth was modest during July and August. While consumer spending on tourism was stronger than expected, the report said other retail spending continued to slow, […]

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Hain Celestial Slips To Q4 Loss, Adj. EPS Beats View; Sees Growth In FY24; Names Lee Boyce CFO

Organic and natural products company Hain Celestial Group, Inc. (HAIN) reported Thursday a loss in its fourth quarter, compared to prior year’s profit, amid weak sales. For fiscal 2024, the company projects higher adjusted earnings and sales. Separately, the company announced that Lee Boyce will succeed Chris Bellairs as Chief Financial Officer, effective September 5. In the fourth quarter, the […]

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Why Albanese’s housing solution will help, but only a bit

Save articles for later Add articles to your saved list and come back to them any time. If you rank our many economic problems in order of importance, the affordability of housing comes second – admittedly, a distant second – only to the need to limit climate change. And the good news is that Anthony Albanese’s latest deal with the […]

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