U.S. trade deficit surges to record high of nearly $950 billion
The U.S. trade deficit rose in 2022 to the largest-ever recorded gap of $948.1 billion as American consumers continue to depend heavily on imports to meet demand, according to data released Tuesday by the Commerce Department.
S&P 500 companies suffer worst losses since 2008 global financial meltdown
Stocks saw their worst performance since the 2008 global financial crisis as the Standard & Poor’s 500 Index fell 10 points to close at 3,840 by the end of 2022, CBS News reports. A market-capitalization-weighted index of 500 leading US publicly t…
US Trade Deficit Widens in October on Weak Exports
The U.S. trade deficit widened sharply in October as slowing global demand and a strong dollar weighed on exports.
‘Nearly doubled’ foreign investment in U.S. farmland comes under scrutiny
A coalition of 130 lawmakers sent a letter to a top federal watchdog raising the alarm about a spike in foreign ownership of U.S. farmland.
Russia Warns It Will Recapture Lost Land In Ukraine
Russia said Wednesday that it would recapture areas of annexed territory that fell back into Ukrainian control. Moscow’s warning came as Ukraine continued its counter-offensive, leaving thousands of Russian troops running for their lives.
Israel signs its first Free Trade Agreement with South Korea
Israel signed its first Free Trade Agreement with South Korea on Tuesday, a move which Israeli officials say will place Israel on an equal competitive footing with the world powers Seoul already has FTAs with, the Jewish News Syndicate (JNS) reports.
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