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U.S. to allow fully vaccinated visitors allowed from Nov 8

• The then-President Donald Trump first imposed restriction in 2020. • Shares of airlines, hotel and cruise industry rose on the news. The White House said on Friday it will lift COVID-19 travel restr...

By  Shubhangi On  2021-10-16 02:47:00
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Retail sales rose in September with boost in vehicle demand

• Retail sales rose 0.7% in September, according to data by Commerce Department. • Retailers expect that the goods shortages will not impact the holiday season. U.S. retail sales rose in September as ...

By  Shubhangi On  2021-10-16 00:33:00
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Jobless claims fall to the lowest level since March 2020

-- Initial jobless claims dropped to 293,000 last week -- Insured jobless claims fell to 2,593,000 as compared to last week New claims for unemployment in the U.S. fell to the lowest level, since the ...

By  Yashasvini On  2021-10-14 21:48:00
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ESG investment gets a boost as Labor plans to widen 401(k)s to include green-rated assets

Biden administration reverses Trump policies that made it harder for 401(k)s to diversify portfolio Wall Street firms support Labor proposal expanding scope of 401(k)s The Labor Department's recent pr...

By  Prathapan Bhaskaran On  2021-10-14 15:58:00
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COVID-19 recovery hopes shine as real average hourly earnings for all employees rise

US Bureau of Labor Statistics reports 0.2% rise in real average earnings of all employees Rise is a result of a 0.6% rise in average hourly earnings and 0.4% rise in CPI for All Urban Consumers A slig...

By  Prathapan Bhaskaran On  2021-10-14 00:48:00
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September records the lowest job growth rate in 2021

KEY POINTS- -- U.S. employers added 194,000 jobs in September -- Jobless rate fell to 4.8% from 5.2% a month ago. The pace of job growth slid for the second month, in September, falling to its lowest ...

By  Yashasvini On  2021-10-09 02:30:00
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Jobless claims fall for the first time in four weeks

KEY POINTS  -- Initial jobless claims dropped to 3,26,000 last week, falling for the first time in four weeks -- Insured jobless claims fell to 2,714,000 as compared to last week New claims for unempl...

By  Yashasvini On  2021-10-08 00:26:00
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Rep. Mitch McConnell offers short term suspension of debt ceiling

KEY POINTS -- Two days after making it clear that no member of his caucus would support efforts to raise the ceiling, Rep. Mitch McConnell offered a short term suspension of U.S. debt ceiling -- Treas...

By  Yashasvini On  2021-10-07 00:58:00
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IMF expects 2021 global GDP to drop slightly from prior forecast of 6%

Key Points • IMF said global GDP to be slightly below 6% in 2021 • Kristalina Georgieva said advanced economies will return to pre-pandemic levels by 2022 • Developing countries will need more time to...

By  Arghyadeep On  2021-10-06 02:05:00
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U.S. Trade Deficit Widens In August, Imports Rise

The U.S. trade deficit reached a new record in August supported by increased imports of pharmaceuticals and toys, even as supply chain bottlenecks continue to disrupt trade. The U.S. Census Bureau and...

By  Yashasvini On  2021-10-05 22:54:00
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DarkPulse Subsidiary, OPTILAN, wins new two-year contract on BTC crude oil pipeline - continues to safeguard the BTC pipeline following successful first year of maintenance

Picture credit: AiThority.com Dark Pulse, Inc.(OTC Markets: DPLS)  a technology company focused on the manufacture, sale, installation, and monitoring of laser sensing systems based on its patented BO...

By  Hemanth On  2021-10-05 09:15:00
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U.S. inflation reaches the highest level in 30 years

KEY POINTS -- Personal Consumption Expenditure Price Index rose to4.3% in August -- Personal spending growth increased 0.*% from a month earlier   The cost of goods and services in the U.S. reached it...

By  Yashasvini On  2021-10-02 03:45:00
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Jobless claims rise slightly for the week ended September 18

KEY POINTS  -- Initial jobless claims rose to 3,62,000 last week, rising by 27,000 compared to a week before -- Insured jobless claims fell to 2,802,000 as compared to last week New claims for unemplo...

By  Yashasvini On  2021-10-01 02:17:00
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Yellen warns U.S. may exhaust cash if Congress don't raise debt limit by Oct 18

• Treasury Secretary Janet Yellen warned that Congress has until October 18 to address the looming debt limit to avoid an economic catastrophe • The national debt stands at its statutory limit of $28....

By  Arghyadeep On  2021-09-28 22:52:00
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Jobless claims rise slightly for the week ended September 18

KEY POINTS -  Initial jobless claims rose to 3,51,000 last week, rising by 16,000 compared to a week before Insured jobless claims fell to 2.8 million as compared to last week The total number of thos...

By  Yashasvini On  2021-09-24 00:45:00
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Beijing submits proposal to join Asia-Pacific’s exalted economic clique

One man's trash is another man's treasure. The Asia-Pacific trade pact, from which the U.S. withdrew under the Trump administration, has a new member vying for a seat amongst its ranks. Beijing has of...

By  Yashasvini On  2021-09-17 03:32:00
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China extends tariff exemptions for 81 U.S. imports until April 2022

On Thursday, China announced that it would extend the fifth tariff exemption for 81 products imported from the United States by seven months. China's Ministry of Commerce (MOFCOM) said that the tariff...

By  Yashasvini On  2021-09-16 23:22:00
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Jobless claims rise slightly but hover near pandemic low

The number of Americans filing new jobless claims increased slightly but hover around the pandemic-era low last week despite an increase in delta variant cases of COVID-19 in the country. The Labor De...

By  Ishika Dangayach On  2021-09-16 22:23:00
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Retail sales increased in August despite delta variant concerns

Retail sales in the United States increased in August as demand for products remained robust despite the growing concerns of delta variant. Retail and restaurant sales increased 0.7 percent last month...

By  Ishika Dangayach On  2021-09-16 20:50:00
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Kroger CEO declares 20,000 job openings in the company

American retail company Kroger currently has 20,000 job openings, as was mentioned by the company's CEO Rodney McMullen. McMullen told CNBC that the biggest challenge faced by the company was its shor...

By  Yashasvini On  2021-09-14 23:15:00
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