World Stocks Plunge on Fears of US Economic Slowdown
By Ken Bredemeier & William Gallo New York —Stock markets across the globe plunged Monday as investors sold stocks on worries that the U.S. economy, the world’s largest, might be slowing and possibly headed to a recession. In afternoon trading, all three major U.S. indexes — the Dow Jones Industrial Average of 30 blue chip […]
US Job Growth Slows, Unemployment Rate Increases
By VOA News U.S. job growth in July slowed to an unexpected 114,000 jobs added in the wake of interest rate hikes by the Federal Reserve in 2022 and 2023. Job growth declined from the 179,000 jobs added in June, according to the report released Friday by the Department of Labor. Most economists polled by […]
Silicon Valley Falls: Cracks Spread Across the United States’ Economy
The ripple effects of the tech bank’s failure is rapidly spreading across America’s industries. The fall of the Silicon Valley Bank (SVB) is a classic example of falling from grace to grass as the banking giant experienced a failure on Friday, March 10, 2023. It was the demise of an institution that had supported several […]