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Joe Biden · United StatesThe International Monetary Fund (IMF) warned Tuesday that America’s recent economic performance is partially the result of the country’s unsustainable fiscal practices, creating risks for the global economy.
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‘Something will have to give’: IMF sounds alarm on US debt
46% Right coverage: 11 sources
Business · United StatesGE once did almost everything for the typical American family – from providing much of the television they watched, to the light bulbs and appliances they depended upon, the electricity needed to power those household staples, even the subprime mortgage that allowed many of them to buy their homes.
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GE Aerospace Will Build on Legacy of Invention
60% Center coverage: 38 sources
BusinessFor much of the 20th Century, the Soviet Union rivaled the United States in political, military and economic strength. But after growth tapered off and various reforms were instituted to revive the stagnating economy, the Soviets collapsed. The Soviet Union officially fell on December, 26 1991 when the USSR was dissolved and communist-era policies of the region ceased.See the Story
Why the USSR Collapsed Economically
100% Center coverage: 1 sources
Microsoft · RedmondMicrosoft unveiled what it described as its first AI-powered Surface PCs for businesses, the Surface Pro 10 and Surface Laptop 6, with Intel Core Ultra processors and Neural Processing Units that the company says will power advanced artificial intelligence applications and experiences.See the Story
Microsoft's first AI PCs Surface with Copilot baked in
75% Center coverage: 20 sources
Europe · United StatesU.S. stocks rose on Friday, with the S&P 500 and Nasdaq closing at record highs, as technology stocks rallied on continued enthusiasm for artificial intelligence, while a fall in Treasury yields provided further support.
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S&P 500, Nasdaq close at fresh records on AI boost, easing yields
78% Center coverage: 9 sources
Federal Reserve · United StatesEconomists surveyed by Bloomberg only saw a 40% chance on average that the economy will fall into a recession in the next year. The highest the odds got recently was in early 2023 when economists saw a 65% chance of a recession due to the Federal Reserve's campaign of interest rate hikes.See the Story
US Economy News Today: How Soon Is Too For The Fed?
100% Center coverage: 1 sources
InflationFederal Reserve Governor Lisa Cook said she still needs to see more data before agreeing to reduce interest rates. Minnesota Federal Reserve Bank President Neel Kashkari said a lot of consumers still feel prices are too high. Sales for existing homes were up 3.1% from December to a seasonally-adjusted annual rate of 4 million, its highest since August.See the Story
US Economy News Today: Fed Officials Still Need More Proof Inflation Is On Its Way Out
100% Center coverage: 1 sources
Joe Biden · United StatesPresident Joe Biden's administration said on Wednesday it is cancelling $1.2 billion worth of student loans for some 153,000 people who are eligible under a program used to make good on promises to increase loan forgiveness.See the Story
Biden administration to cancel another $1.2 billion of student loans
54% Center coverage: 178 sources