What is the latest economic news?

Asked 2 hours ago

Answer

Recent economic news highlights include a drop in U.S. consumer spending, record gold prices due to global uncertainty, a prolonged U.S. government shutdown, signs of recovery in Macao, and rising poverty in Cameroon. Japanese banks are expected to see profit growth, and a major new casino is opening in California.

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U.S. shutdown expected to stretch into third week

Scripps Local · Just In

Scripps Local

Just In

Federal workers are missing paychecks, with many furloughed or working without pay.
Flight delays are increasing due to air traffic controller shortages. 8s
Political messaging blames Democrats for the shutdown, while Congress remains divided. 18s
The Senate passed a military budget but failed to agree on government funding. 43s
Uncertainty and economic stress for government workers continue as the shutdown persists. 1m 49s

Politics Economy

References

U.S. shutdown expected to stretch into third week

Scripps Local

2 hours ago

U.S. shutdown expected to stretch into third week

The U.S. government shutdown has entered a prolonged phase, with hundreds of thousands of federal workers affected and essential services strained.

Macao shows signs of economic recovery, says MGM China chief

CNBC

19 hours ago

Macao shows signs of economic recovery, says MGM China chief

Macao recorded a 7% increase in visitation during a major holiday, with hotel occupancy at 95% and gaming revenues up 15% in August.

CNBC

1 day ago

Consumer spending falls in September, CNBC/NRF Retail Monitor finds

Total retail sales in the U.S., excluding autos and gas, fell by 0.7% in September, marking the first decline in three months.

Fox News

2 days ago

California getting a massive new casino

The $600 million Hard Rock Casino Tejon will open in California's Central Valley, creating 1,000 permanent jobs and boosting regional economic growth.