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This tax applies to companies with average adjusted income of $1 billion or moreÂ
IMF projects core U.S. PCE inflation to end 2024 at 2.5 percent, returning to the Fed's 2 percent target by mid-2025Â
CPI showed annual inflation fell by 0.4 points to a lower-than-expected 2.5 percent
Imports rose by 6 percent year-on-year to $54 billion, resulting in a trade surplus of $3.83 billion
The agency expects most 2017 Trump tax cuts to continue, impacting revenue and increasing deficitsÂ
The startup also revealed that 92 percent of Fortune 500 companies are using its products
This growth marks a strong rebound from a sluggish 1.4 percent increase in Q1 2024Â
This figure represents 97 percent of the tourist levels recorded in July 2019, prior to the COVID-19 pandemic
Development and expansion using U.S. funding would boost the lab-to-fab ecosystem that HP has established in Corvallis
The upside risks to U.S. inflation have diminished while the downside risks to employment have increased
Central bank officials agreed to maintain the target range for the federal funds rate at 5-1/4 to 5-1/2 percent during the July meeting
New Permian wells delivering high output at 433,000 barrels per day
Core inflation, excluding food and energy, held steady at 2.9 percent despite overall inflation rising
North America continued to see an increase in data center pricing during the first half of the year albeit at a slower rate than last year
Despite the surge in cargo volume, sea freight rates have been declining across all routes since the end of July
Exploration and development spending last year saw a 28 percent increase to $93.1 billion
The firm added that if the August jobs report was positive, the U.S. recession probability would decline to 15 percent
Fed rate cut likely as inflation continues to decline
Foreign carriers operated only 60 percent of pre-pandemic flights to China last month
The company's capital expenditure reached $2.25 billion in the second quarter
Analysts projected Meta's 2024 capex at $35-40 billion, but the company raised the minimum to $37 million
Government data last week showed the layoffs rate in June was the lowest in more than two years
The country's exports rose 6.7 percent year-on-year to 14.26 trillion yuan during the period
Goldman Sachs analysts have increased their 12-month U.S. recession odds by 10 percentage points to 25 percent
