New York

Majority of U.S. households preparing for potential recession

NEW YORK, Oct. 20 (Xinhua) -- New research suggested that a majority of U.S. households are taking the possibility of an economic recession seriously, reported CNBC.

Eighty-four percent of respondents showed their concerns about a recession coming before the end of the year, and 76 percent said they are making lifestyle changes to prepare for the potential recession, according to financial group BMO's latest Real Financial Progress Index.

USA: Trump deposed in defamation suit filed by E. Jean Carroll

NEW YORK (AP) — Former President Donald Trump answered questions under oath Wednesday in a lawsuit filed by E. Jean Carroll, a magazine columnist who says he raped her in the mid-1990s in a department store dressing room.

The deposition gave Carroll’s lawyers a chance to interrogate Trump about the assault allegations, as well as statements he made in 2019 when she told her story publicly for the first time.

Details on how the deposition went weren’t immediately disclosed.

Analyst expects much more jobs to be lost in U.S. next year

NEW YORK, Oct. 19 (Xinhua) -- The pace of job growth in the United States is expected to be roughly halved during the fourth quarter of this year, according to a CNN report, citing an analysis from Bank of America.

As the U.S. Federal Reserve continues its fight against inflation by hiking interest rates at the fastest pace in at least 40 years, the job market will face increasing pressure and the surprisingly strong jobs market shown in September would hardly last through next year, said the report, which was published last week.

USA: NYC opens emergency center for influx of bused migrants

NEW YORK (AP) — A complex of giant tents built on an island opened Wednesday as New York City’s latest temporary shelter for an influx of international migrants being bused into the city by southern border states.

The humanitarian relief center on Randall’s Island is intended to be a temporary waystation for single, adult men — many from Venezuela — who have been arriving several times per week on buses chartered predominantly from Texas.

Lifting 100 million out of poverty by 2025 still possible, despite recession threat: UN

UNITED NATIONS, Oct 18 (APP): A new UN poverty study released on Monday, the International Day for the Eradication of Poverty, finds that significant poverty reduction is possible, and new ways of calculating the problem can help humanitarians and governments better target aid.

House panel: Trump’s bills to Secret Service ‘exorbitant’

NEW YORK (AP) — Donald Trump’s private company arranged for the Secret Service to pay for rooms at his properties in excess of government-approved rates at least 40 times, including two charges for more than $1,100 per room, per night, according to documents released Monday by a congressional committee.

US: French cement firm admits Islamic State group payments

NEW YORK (AP) — French cement company Lafarge pleaded guilty Tuesday to paying millions of dollars to the Islamic State group in exchange for permission to keep open a plant in Syria, a case the Justice Department described as the first of its kind. The company also agreed to penalties totaling roughly $778 million.

USA: Stocks rise on Wall Street as investors focus on earnings

NEW YORK (AP) — Stocks rose on Wall Street Tuesday and added to weekly gains for major indexes that have been mired in a broad slump amid inflation and recession concerns.

The S&P 500 rose 0.4% as of 11:37 a.m. Eastern. The Dow Jones Industrial Average rose 131 points, or 0.4%, to 30,319 and the Nasdaq rose 0.1%.

Industrial companies and banks made solid gains. Lockheed Martin jumped 6.1% after reporting strong third-quarter earnings. Bank of America rose 2.1%.

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