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Latest news and insight about the impact of current events on our economy from MarketWatch. Skiptomaincontent US Europe Asia FX Rates Futures Crypto AsiaDow 0.10% Nikkei225 -0.47% HangSeng 1.08% Shanghai 0.98% Sensex 0.27% Singapore 0.41% Economy&Politics TheFed U.S.EconomicCalendar EconomicReport RecoveryTracker Inflation WashingtonWatch Home Economy&Politics ThischartfromGundlachshowsjusthowhottheU.S.economyisrunning BX:TMUBMUSD02Y 0.680% California’swatersuppliesareinbigtroubleasdroughttightensitsgriponthestatewiththebiggestpopulationandthelargestfarmoutput Biden'spickforU.S.ambassadortoKenyaisMegWhitman,formerCEOatHP,eBay PresidentJoeBiden'snomineeforthepostofU.S.ambassadortoKenyaisMegWhitman,theWhiteHousesaidWednesdayinastatement.Shepreviousl... EBAY -0.10% ‘Enormousbuyingpoweroffederalgovernment’:Bidenaimsforcarbon-neutralU.S.by2050withnewexecutiveorder ICLN 0.31% TSLA 1.64% U.S.likelyrana$193billiondeficitinNovemberversus$145billionayearearlier,CBOsays Thefederalgovernmentlikelyranabudgetdeficitof$193billioninNovember,upfrom$145billioninthesamemonthlastyear,theCongressional... DJIA 0.10% SPX 0.31% Republicanlawmakersembracecryptoas‘Web3.0,’Democratsworryoverinvestorprotectionindigitalassethearing COIN 0.37% XLMUSD -2.98% Mylatemother’swillwassignedunder‘suspiciouscircumstances.’Myfatheremptiedher$2Mestate—andnowliveswithhismuchyoungerwife. ‘AmItheevilstepmother?’Ihaveoneson.Myhusbandhas4kidsandsaysweshouldsplitourestate5ways.Idisagree.Whatnow? ‘Mygirlfriendisabusywoman’:Shetoldmetomanageherinvestmentsandgenerate10%returns—shegotangrywhenIrefused Theoceaneconomycouldreach$3trillionby2030.Here'swhattoknow ‘Thedaysyouwereconsideredfullyvaccinatedwithtwoshotsaregoingtobeathingofthepast’ Acouplewhoearns$220,000ayearwithalmostnodebtthinkstheyneverhaveenough—howcantheyseethingsdifferently? ThepopularFordBroncoSportfeaturesatiny,potentiallyindustry-changingpartthatnoothervehiclehas We’re58,have$1.3millionsavedandtwohomes,but‘IwouldgivemyselfagradeofB-’forretirementplanning Whattheelectricvehicleboommeansforthechargingstationindustry PeteButtigiegfiresbackafterElonMuskblastsfederalspendingonEVs,sayingthereare‘thingsthatdon’thappenontheirown’ BulletinalertsGetbreakingnewsnotificationsviaemail.Straightfromthenewsroomtoyourinbox.SignUp RiseinChinafactory-gatepricesmoderatedinNovember China'sfactory-gatepricesmoderatedinNovember,thankstogovernmentinterventionstodentpriceincreasesincoal,metalsandotherrawmateria... GoldendslowerMondayasinflation,Fedinterest-rateoutlookremaininfocus DXY 0.23% BX:TMUBMUSD10Y 1.502% Thisformercentralbankersaysstopthrowingfuelontheinflationfirewitheasy-moneypolicies DJIA 0.10% WhatPowellmustdonextafteradmittingthathewaswrongabout‘transitory’inflation NearlyhalfofAmericanssayinflationhascausedthem‘financialhardship’ Globalsupplychainsmaybeefficient,buttheyalsoriskboostinginflationandinequality ‘TheGreatResignation’slowedinOctober,but4.2millionAmericansstillquitjobs U.S.tradedeficitsinks18%inOctoberasexportssurgetorecordhigh Jekyll-and-HydeU.S.jobsreportnotasuglyasitlooks AhugepartoftheU.S.economygrewinNovemberatarecordpace,ISMfinds Factoryordersjump1%inOctober November’s210,000newjobsmarksworstheadlinenumberof2021—buttherearebrightspots Fediswidelyseenbackingafastertapernextweek Fediswidelyseenbackingafastertapernextweek Fed’sBullard,notfazedbydisappointingjobheadline,stillwantsfastertaper Fed’s‘dot-plot’likelytoshowmorethanoneinterestratehikein2022,Dalysays Fedmayhavetoendbond-buyingstimulusstrategyinearlyspring,Bosticsays Fed’soutgoingtopbankcopsaysoveralllevelofcapitalinU.S.bankingsystem‘ismorethanample’ Schumercouldrevealdealonliftingdebtlimitthisweek,analystssay Schumercouldrevealdealonliftingdebtlimitthisweek,analystssay Biden’sbigsocial-spendingbillprobablywillpassSenatethismonthwithoutmanycutstoit,analystssay Bigbusinessismakinglast-ditchefforttokillBidentaxincreases ‘He’stotheleftofLenin’:RepublicansfearCordrayatFedwouldfurther‘Biden’sfederaltakeover’ofU.S.bankingsystem Congressreturnstofaceshutdowndeadline,hurdlesforBiden’sBuildBackBetterplan × CloseTrendingTickersbar ENSC $5.06 69.80% 2.08 RDHL $3.40 6.58% 0.21 SYTA $5.27 23.13% 0.99 DARE $2.00 -6.10% -0.13 VNE $35.25 -0.51% -0.18 CloseSearchOverlay SearchMarketWatch AdvancedSearch Submitentryforkeywordresults Noresultsfound Private × × ThisbrowserisnolongersupportedatMarketWatch.ForthebestMarketWatch.comexperience,pleaseupdatetoamodernbrowser. Chrome Safari Firefox Edge