01/16/2023
The United States has re-opened its embassy in Havana, as many Cubans look to immigrate to the U.S. AP News has the details @ https://bit.ly/3GJxnmi
Facing migration flood, US resumes services at Cuba embassy
HAVANA (AP) — Grappling with the biggest flood of Cuban migrants in decades, the United States reopened their long-closed legal pathway on Wednesday by resuming all visa services at its embassy in Havana.
01/13/2023
While the Fed has agreed to slow interest rate hikes, they're asking for flexibility regarding future hikes as they keep watch over the economy. Reuters has the story @ https://bit.ly/3jSHxrM
Fed wants 'flexibility' on rates as inflation remains key focus, minutes show
All officials at the Federal Reserve's Dec. 13-14 policy meeting agreed the U.S. central bank should slow the pace of its aggressive interest rate increases, allowing them to continue increasing the cost of credit to control inflation but in a gradual way meant to limit the risks to economic growth.
01/06/2023
The SECURE Act 2.0 was signed into law as part of the $1.7 billion spending bill. How will this affect your retirement savings? NPR has the details @ https://bit.ly/3ClrCZl #2.0
The federal spending bill will make it easier to save for retirement. Here's how
From emergency savings accounts to assistance for student loan borrowers, the new federal spending bill aims to make it easier to save for retirement.
12/30/2022
After raising the interest rates another 50 basis points, the Fed has already signaled that 2023 will see more interest rate hikes. Reuters has the details @ https://bit.ly/3Fy5XOm #2023
Fed's Powell says inflation battle not won, more rate hikes coming
The Federal Reserve will deliver more interest rate hikes next year even as the economy slips towards a possible recession, Fed Chair Jerome Powell said on Wednesday, arguing that a higher cost would be paid if the U.S. central bank does not get a firmer grip on inflation.
12/28/2022
The U.S. trade deficit grew in October, as a strong dollar and declining exports hit a 7-month low. Reuters has the details @ https://bit.ly/3BjOqrQ
U.S. trade deficit widens as goods exports hit seven-month low
The U.S. trade deficit widened sharply in October as slowing global demand and a strong dollar pushed goods exports to a seven-month low, suggesting that trade could be a drag on economic growth this quarter if the trend persists.
12/26/2022
The last Boeing 747 has exited the factory, ending the plane's 50-year production run. CNBC has the story @ https://bit.ly/3Fx8LLZ #747
Boeing's last 747 has rolled out of the factory after a more than 50-year production run
Boeing has produced 1,574 of the planes at its factory north of Seattle.