U.S. consumer spending rises; inflation tame
WASHINGTON (Reuters) – U.S. consumer spending increased solidly in November, pointing to moderate economic growth that could potentially support the Federal Reserve’s desire to keep interest rates unchanged indefinitely, though inflation remained muted. The Commerce Department said on Friday consumer spending, which accounts for more than two-thirds of U.S. economic activity, rose 0.4% last month […]
Portugal’s hotels brace for coronavirus losses, U.S. travel impact
LISBON (Reuters) – Portuguese hotels are bracing for the loss of hundreds of millions of euros of revenue in the next few months due to the spreading coronavirus, while some of the country’s top tourist destinations adopted emergency measures to fight the epidemic. In a report published on Thursday, the AHP hotels association said the […]
The Big Question of the 2022 Midterms: How Will the Suburbs Swing?
Democrats and Republicans are already jockeying for a crucial voting bloc that soured on Donald Trump, tilted to Joe Biden and now holds the key to the second half of the president’s term. By Trip Gabriel PAPILLION, Neb. — Pursuing a bipartisan infrastructure deal and trumpeting a revived economy and progress against the pandemic, President […]