Friday, February 9, 2018

White House Budget to Project 3% Growth

The White House’s budget proposal—to be released Monday—assumes the economy can grow at a much stronger pace than independent forecasters expect and with lower inflation and government borrowing costs than officials projected last year, according to a preview of the proposal.

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Spending Bill Overshadows Coming Trump Budget Plan

When President Donald Trump sends his annual budget to Congress next week, it will be largely obsolete because the big decisions on government tax and spending priorities have already been made on Capitol Hill.

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Canada Sheds 88,000 Jobs In January

Canada’s unemployment rate ticked up in January after hitting a 10-year low in the previous month, as both the public and private sectors shed workers.

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Farm Belt Braces for Falling Incomes, Trade Disputes

Farm incomes are expected to hit their lowest point since 2006 and borrowing costs are rising, federal data shows, as a deepening slump in the agricultural economy enters its fifth year.

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Private-Jet Makers Are Finally Feeling Some Lift

Private jets and corporate jets seem ready to leave the industry sales slump behind, as higher corporate profits, a new U.S. tax rule and economic recovery in Europe attract more buyers.

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Flu Fears Halt a Long Decline in Orange Juice Sales

It took one of the worst flu seasons on record to get more Americans guzzling orange juice again. Orange juice sales rose 0.9% in the four weeks ended Jan. 20, marking the first year-over-year increase in nearly five years.

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Amazon to Launch Delivery Service That Would Vie With FedEx, UPS

Amazon.com Inc. is preparing to launch a delivery service for businesses, positioning it to directly compete with United Parcel Service Inc. and FedEx Corp.

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