Biden’s bragging about the economy just proves how financially illiterate he is
|

Biden’s bragging about the economy just proves how financially illiterate he is

ByNews Polite

Last week, the White House attempted to define its economic vision in a 58-page report titled “The Biden-Harris Economic Blueprint.” One first notices the report’s sloppiness. Five footnotes supposedly sourcing the White House data include in bold letters: “Error! Bookmark not defined.” There is also awkward repetition, such as cutting-and-pasting…

Tenants say luxe Jersey City building floods, is a ‘nightmare’
|

Tenants say luxe Jersey City building floods, is a ‘nightmare’

ByNews Polite

For Jordan Mendelson, 28, living in a luxury building with a rooftop swimming pool, private gym, floor-to-ceiling views of Manhattan, the Hudson River and Statue of Liberty all within a stone’s throw away from New York City sounded like a dream when she got the keys to her $3,600-per-month two-bedroom…

Fed’s future rate hikes hinge on inflation data: minutes
|

Fed’s future rate hikes hinge on inflation data: minutes

ByNews Polite

Federal Reserve officials said last month that the pace of future interest rate increases would hinge on incoming data, with some saying rates would need to stay at a “sufficiently restrictive level” for “some time” in order to control inflation, according to the minutes of the July 26-27 session. Participants…

Walmart Faces Shifting Consumer Behaviour Over Inflation, Quarterly Results Beat Estimates

Walmart Faces Shifting Consumer Behaviour Over Inflation, Quarterly Results Beat Estimates

ByNews Polite

Walmart scored a big jump in revenues partly driven by inflation but the retail giant faces increasing evidence of shifting consumer behavior due to rising prices, according to quarterly results released Tuesday. The big-box retailer, which stunned Wall Street three weeks ago by cutting its profit forecast, ended up reporting…