Economy
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Elon Musk says he'll give a share of SpaceX to every child in America in 2027
There are 72 million children under 18 in the U.S., according to U.S. Census data. Handing a share to every one of them would amount to about $10.5 billion worth of shares, based on the stock price at closing on Friday.
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End-of-week reports show price pressures across US economy
Import prices rose 1.1% from August to September and 8.1% from a year earlier — the largest 12-month increase since July 2022, when prices had risen by 8.8% over the previous year.
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Fed Chair Warsh offers no insight into rate decisions at IMF meeting
Speculation about additional hikes followed reports this week of unexpected increases in inflation.
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Stephen Moore: Working and middle class Americans are new GOP coalition as inflation rises
Referring to Democrats' enormous spending bills, the economist said of the 2022 elections, "I think they will be punished."
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Inflation accelerated in April, with consumer prices increasing 4.2%, fastest since Great Recession
The Consumer Price Index spike was the biggest monthly increase since 2009 during the Great Recession and the highest level since 2008.
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Why do store shelves remain empty more than a year after the pandemic started?
"No supply chain, even the best-designed, was going to have enough product to cope with the sudden demand," Lisa Fletcher reported.
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Economist Moore: 'Time for Biden administration to get out of the way' of recovery
Enhanced unemployment payments are discouraging work force participation, say economists following disappointing April jobs report.
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U.S. economy in April added 266,000 jobs, below expectations in pandemic recovery
The economy still remains about 7 million jobs short of its pre-pandemic level.
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Eli Broad, billionaire businessman and philanthropist, dies at 87
Broad’s generosity stretched from LA’s cultural scene to the Clinton Foundation.
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Household income soared 21% in March, largely due to ‘government social benefits’
$1,400 stimulus checks helped propel huge spike.
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Amazon reports first quarter profits up 220% compared to last year, in online pandemic buying boom
Amazon reports $108 billion in sales and $8.1 billion in profit in the first three months of 2021.
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Major agricultural price index continues soaring, suggesting potential imminent grocery hikes
Ongoing spike could be signalling potential rise in food prices
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U.S. stock futures post modest gains after Wall Street losses on reports of Biden investor tax hike
Such an increase, if enacted, would be the highest tax rate on investment gains since the 1920s.