Tag: economic impact

USA

Poll: Plurality of Americans Say Thanksgiving Plans Affected by Price Increases

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A plurality of Americans say their Thanksgiving plans have been impacted by rising prices, according to a new poll.

The survey, conducted by [Organization], found that 43% of respondents said price increases have affected their Thanksgiving plans, while 57% said they have not.

Of those who said price increases have affected their plans, 68% said they are spending less on food and 45% said they are cooking a smaller meal.

Additionally, 32% of respondents said they are traveling a shorter distance for the holiday and 29% said they are staying home instead of traveling.

The poll also found that 62% of Americans are concerned about being able to afford a traditional Thanksgiving meal this year.

USA

Ford to Cut 4,000 Jobs in Europe as Electric Vehicle Sales Slow

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Auto giant Ford downshifts in Europe, announcing the reduction of 4,000 jobs amidst sluggish electric vehicle demand. This move marks a gear change from previous plans for accelerated electrification. The company aims to optimize operations and become more competitivo as it navigates the shifting automotive landscape, with the ultimate goal of strengthening its position in the race towards sustainable mobility.

USA

Trump’s Win a Worry for an Already Struggling Wind Industry

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Trump’s election has raised concerns for the struggling wind industry. The industry has been facing a number of challenges, including falling prices for fossil fuels, uncertainty over tax incentives, and a lack of new transmission lines. Trump’s policies on these issues could further hinder the industry’s growth.

For example, Trump has promised to roll back environmental regulations, which could make it more difficult for wind farms to obtain permits. He has also proposed tax cuts that would benefit the fossil fuel industry, which could further worsen the price competition that wind farms face. Additionally, Trump has expressed skepticism about the need for new transmission lines, which could make it difficult for wind farms to get their electricity to market.

USA

The Other Trump Trade That Worries Markets

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In the midst of the US-China trade standoff, another looming threat worries investors: the little-discussed US-South Korea trade imbalance. The asymmetry has grown significantly since the early 2000s and continues to widen, despite the Trump administration’s efforts to address it. Unless resolved, this trade spat could lead to protectionist measures, tariff increases, and further market volatility. As the geopolitical landscape remains fraught with uncertainty, investors should keep a watchful eye on this underreported trade dynamic.