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Amtrak cancellations, passenger frustrations grow amid strike threat

Amtrak cancellations, passenger frustrations grow amid strike threat

Hundreds of Amtrak passengers had their plans ruined Tuesday after the railroad canceled more cross-country trains ahead of a possible strike that threatens to bring painful disruptions to the nation’s passenger rail. Major regional train systems also warned passengers to plan for alternate travel later this week, citing the potential of rail lines shutting down …

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Fed to slow to 50 basis-point hike in September, recession worries grow, Reuters poll shows

Fed to slow to 50 basis-point hike in September, recession worries grow, Reuters poll shows

A resident buys food at a local market, in downtown San Francisco, California, U.S., July 13, 2022. REUTERS/Carlos Barria/File Photo Register now for FREE unlimited access to Reuters.com Register BENGALURU, Aug 22 (Reuters) – The U.S. Federal Reserve will raise rates by 50 basis points in September amid expectations inflation has peaked and growing recession …

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Water has been pumped from a canal to a waterway to ease the drought and ensure the harvest since August 18, 2022 in Ma’anshan, East China’s Anhui Province as Chinese provinces and regions are battling prolonged heat waves. Photo: VCG

China mounts full-fledged efforts to minimize impact of heat waves; economy to ‘grow within reasonable range’ despite dual pressure

Water has been pumped from a canal to a waterway to ease the drought and ensure the harvest since August 18, 2022 in Ma’anshan, East China’s Anhui Province as Chinese provinces and regions are battling prolonged heat waves. Photo: VCG As a persistent heat wave continues to affect major hydropower production and electronics manufacturing bases …

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Fed to unveil another big rate hike as signs of economic slowdown grow

Fed to unveil another big rate hike as signs of economic slowdown grow

U.S. Federal Reserve Chair Jerome Powell takes questions during a news conference following a two-day meeting of the Federal Open Market Committee (FOMC) in Washington, U.S., June 15, 2022. REUTERS/Elizabeth Frantz/File Photo Register now for FREE unlimited access to Reuters.com Register WASHINGTON, July 27 (Reuters) – With the Federal Reserve expected to hike its key …

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Coinbase Insolvency Rumors Grow Following Recent Suspension of Affiliate Program

Coinbase Insolvency Rumors Grow Following Recent Suspension of Affiliate Program – BeInCrypto

Coinbase’s decision to suspend its affiliate program has led to rumors that the exchange might be facing a liquidity crisis. The crypto community is divided in its opinion as some believe the affiliate program suspension could be an indication that the firm was insolvent. CoinGeek media personality Kurt Wuckert Jr tweeted that this could signify a liquidity …

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These New Jersey farmers grow strawberries that sell out for $20 a box: The taste is 'a completely different experience'

These New Jersey farmers grow strawberries that sell out for $20 a box: The taste is ‘a completely different experience’

Oishii doesn’t grow your typical strawberries. For starters, a box of six extra-large berries used to sell for $50 at Whole Foods. The New Jersey-based company’s berries don’t taste like your typical strawberries, either: They’re sweeter, with a denser, juicier center. The flavor, aroma and “buttery texture” are engineered in three vertical farms: two in …

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Social Security checks could grow by about $175 a month as the cost of living continues to surge

Social Security checks could grow by about $175 a month as the cost of living continues to surge

That would add about $175 to the average monthly retiree benefit, which is currently $1,668, according to The Senior Citizens League, an advocacy group that released the projection Wednesday. But it still may not be enough to cover seniors’ costs if price hikes aren’t tamed in coming months. The estimate is based on the June …

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Tightening of financial conditions accelerates, recession fears grow as May CPI report becomes multi-day trading event

Tightening of financial conditions accelerates, recession fears grow as May CPI report becomes multi-day trading event

Financial markets convulsed on Monday as investors considered the prospects of U.S. inflation accelerating, not decelerating, after the release of May’s consumer-price index report. Signs of the sentiment shift since Friday’s data release were evident in the fast-paced tightening of financial conditions, plus an outlook for more aggressive Federal Reserve rate hikes. Gains in the …

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