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30.09.26 - 17:24
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US Consumer Spending Jumps by Most in a Year (Bloomberg)
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US consumer spending rose in August at the fastest pace in over a year, helping to power the economy through persistent inflation.
Inflation-adjusted personal spending climbed 0.6% in August from a month earlier, according to Bureau of Economic Analysis data released on Wednesday. That was the biggest monthly jump since March 2025.
Eric Winograd, Chief Economist at AllianceBernstein, reacts to the PCE data. (Source: Bloomberg)...
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30.09.26 - 15:01
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US Core PCE Rises 0.2%, Consumer Spending Soars in August (Bloomberg)
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The personal consumption expenditures price index, the Federal Reserve's preferred measure of inflation, increased 0.3% from a month earlier. Excluding food and energy, the PCE price index rose 0.2%. US consumer spending rose in August at the fastest pace in over a year, helping to power the economy through persistent inflation. Michael McKee reports on Bloomberg Television. (Source: Bloomberg)...
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30.09.26 - 12:54
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A ′freaked out′ US food industry is hitting back at Maga – with social media influencers (The Guardian)
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Cross-partisan support in Washington on issues like pesticides and food additives pose a threat to the industry's bottom line Some of the biggest food and agriculture corporations in the US are funding a campaign that pays social media influencers to combat elements of Robert F Kennedy Jr's Make America Healthy Again platform, according to an investigation by the Guardian and Documented, an investigative watchdog and journalism project.The ascension of RFK Jr to secretary of health and human services has boosted his putative campaign to end chronic illness in the US, which he believes is primarily caused by processed foods and dyes, exposure to certain chemicals, and poor farming practices, along with an overuse of what he falsely claims are dangerous vaccines. The “Maha” movement blends long-running mainstream concerns about food and farm safety with conspiracy theories about everything from medicine to milk. A Maha “summit” in Washington this week will feature JD Vance and several members of T...
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30.09.26 - 11:48
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Super-rich UK energy and food magnates′ wealth skyrockets amid global crises (The Guardian)
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Analysis has shown the costs of daily essentials soaring in recent years, thanks in part to climate shocks, wars and geopolitical tensionsFrançois Perrodo is what is known in motorsport as a gentleman driver. In June, he raced at Le Mans, earning a podium place. At the end of August he was back behind the wheel at the Circuit de Spa-Francorchamps. This time he won.Gentleman drivers are wealthy individuals who fund their own participation. The FIA governing body caps costs to keep racing accessible to such enthusiasts. But for self-confessed petrolhead Perrodo, it is well within his means. Continue reading......
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