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World Business Report

sarah wyeth is retail & consumer managing director at s&p global ratings in new york. how is the global retail sector fairing now? thank you. i could speak to the us retail sector. we would start with the consumers, really quite stretched, basing inflation, prices that are 20% over 20% higher than they were a couple years ago. access savings from government stimulus and other sources has largely been spent down. we are seeing consumers trade down, the first discretionary spending and the stock. there is evidence of resilience in consumer spending and in fact, the numbers were listed for much were quite positive. up 8% over a month and for year—on—year. if you take a look at —— closer look, there

Consumer , Retail , Sector , Managing-director , New-york , At-s-p-global-ratings , Sarah-wyeth , Inflation , Us , Prices , Government , Consumers

Your World With Neil Cavuto

>> i will whisper it during commercial, know. we need to see the labour market data and elation data and spitting. >> neil how much is all the spending complete -- accomplishing? it doesn't help your cause does it? >> it complicates things, we know a lot of stimulus was part of the driver, not all of it but a contributor to the high inflation we've seen. and i go and look at where his investment taking place and where construction is taking place, we know for example the spending on infrastructure and spending on new chip plans all of that on the margin is inflationary. is a big enough to move inflation at the national economy level? that's a little bit unclear. that cost purposes where you have some programs that are well-meaning and for good reason the congress is focused on. in the meantime are try to get demand down in the economy so there are some complications that were having to navigate

Data , It-doesn-t , Spending , Know , Labour-market-data , Elation , Spitting , Accomplishing , Cause , Lot , Things , Inflation

Unemployment Rises Above 10 Percent

Unemployment Rises Above 10 PercentBy Don Lee and Jim Puzzanghera Los Angeles Tim

Washington , United-states , Jim-puzzanghera-los-angeles , Barack-obama , Percentby-don-lee , Unemployment-rises-above , Don-lee , Jim-puzzanghera-los-angeles-times , United-state , President-barack-obama , Carson-city

State adds $20 million fund infusion, adjusts timeline for Nevada small business grant program

CARSON CITY — Gov. Steve Sisolak, the Nevada State Treasurer’s Office and the Governor’s Office of Economic of Development announced Wednesday an additional infusion of $20 million in to the Pandemic Emergency Technical Support (PETS) grant program, which opened for applicants on Monday.

Nevada , United-states , Spain , Spanish , Nevadans , Steve-sisolak , Nevada-governor-office , Governor-office-of-economic-development , Governor-office , Nevada-state-treasurer , Pandemic-emergency-technical-support , Coronavirus-relief-funds

More Funding Needed to Prosecute Pandemic Fraud, Justice Dept. Says

The Justice Department said more than $1.4 billion in stolen relief funds have been seized or forfeited. But estimates of the total stolen run into the tens of billions.

Paycheck-protection-program , Justice-department , Economic-injury-disaster-loan , Coronavirus-covid-19-pandemic , Fraud , Stimulus , Cares-act-coronvirus-stimulus , Crime , Sba , Merrickb-garland ,

$490 Thousand in Federal Stimulus To Be Spent on Nevada Tree Planting, Tree-Care Classes

CARSON CITY – Federal government efforts to create jobs through stimulus funding have expanded to encompass an urban Clark County tree planting effort and related activities, including tree care training for Spanish-speaking workers.

Philadelphia , Pennsylvania , United-states , Episcopal-church , Carson-city , Nevada , Application , Arra , 000 , Agriculture , Anderson

Can China Reach Its 2024 Growth Target? by Yu Yongding

Yu Yongding argues that, beyond encouraging consumption, the government must ramp up spending on infrastructure this year.

Beijing , China , Chinese , Li-qiang , National-people-congress , National-people , Chinese-premier-li-qiang , Yu-yongding , Growth , Xi-jinping , Consumption , Savings

Overcoming insufficient demand to enhance growth in China

“Insufficient demand” could be the key to summarising China’s macroeconomy in 2023. The country has faced insufficient demand since 2021, and this was further aggravated last year.

Zhang-bin , Fujian , China , Chinese , Institute-of-world-economics , Chinese-academy-of-social-sciences , Central-economic-work-conference , World-economics , Chinese-academy , Commentary , Chinaeconomy

Gov. Gibbons Insists Staff Will Not Participate In Budget Review, Senate Majority Leader Horsford Denies Accusations of Conflicts

CARSON CITY – Gov. Jim Gibbons sent a letter to legislative leadership yesterday saying executive branch officials will not attend next week’s meeting of a lawmaker panel formed to undertake a review of state agency budgets.

Reno , Nevada , United-states , Douglas-county , California , Mound-house , Lyon-county , Gardnerville , Carson-valley , Carson-high-school , Carson-city , Hilltop-community-church

Ringgit opens marginally higher against US$

KUALA LUMPUR: The ringgit opened marginally higher against the US dollar today despite higher inflation data in the United States (US), said an analyst.

China , United-kingdom , United-states , Japan , Michigan , Kuala-lumpur , Malaysia , Singapore , Thailand , Indonesia , British , Thai