Blackouts possible as California power grid declares emergency as usage, conservation climb

Blackouts possible as California power grid declares emergency as usage, conservation climb

This post was originally published on this site SACRAMENTO, Calif. — Staring at the possibility of Labor Day blackouts, managers of California’s power grid issued an extended Flex Alert for Monday afternoon and evening but warned that voluntary conservation might not be enough to keep the lights on. The Independent...

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U.S. Added 315,000 Jobs in August

U.S. Added 315,000 Jobs in August

This post was originally published on this siteU.S. employers added jobs in August at a slower but still solid pace in a tight labor market. The jobless rate rose to 3.7%.

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Wall Street Is in Denial Over the Economy

Wall Street Is in Denial Over the Economy

This post was originally published on this siteEveryone, from corporate CEOs to investors, is too focused on the still decent nominal data when the inflation-adjusted numbers tell a more dire story.

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Jobless Claims Declined Last Week

Jobless Claims Declined Last Week

This post was originally published on this siteInitial jobless claims decreased to a seasonally adjusted 232,000 last week from a revised 237,000 the previous week, suggesting layoffs are holding at a low level in a tight job market.

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US chip makers hit by new China export rule

US chip makers hit by new China export rule

This post was originally published on this siteNvidia says two of its top computing chips were affected by a “new license requirement” for exporting to China.

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Russia Halts Nord Stream Gas Pipeline

Russia Halts Nord Stream Gas Pipeline

This post was originally published on this siteWestern governments see the move by Moscow as the latest salvo in the Kremlin’s economic war on Europe.

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Congressman flags rising crypto fraud, demands answers from regulators

Congressman flags rising crypto fraud, demands answers from regulators

This post was originally published on this siteA key House investigative panel raised an alarm over the lack of crypto oversight and demanded answers from top federal regulators and industry executives.

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The red-hot labor market has helped boost unions

The red-hot labor market has helped boost unions

This post was originally published on this siteTwo federal reports this week could indicate which way employment trends are heading

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Is the US housing market in a recession or a correction?

Is the US housing market in a recession or a correction?

This post was originally published on this siteHome builders and realtors say the housing market is in a recession; Other experts say it’s a correction as there’s a slowdown.     

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US stocks drop at the open, still reeling from tough Powell speech

US stocks drop at the open, still reeling from tough Powell speech

This post was originally published on this site Equities on Wall Street headed further into negative territory on Monday, still feeling the sting of the no-nonsense speech Federal Reserve Chair Jerome Powell last week. The Fed warned of “pain” ahead for Americans in the battle against inflation, with no chance...

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