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12/31/2022

The dollar is still growing strong, maintaining its value as recession worries continue to grow. Reuters has the story @ https://bit.ly/3Yq8CCw

A breathtaking surge in the U.S. dollar trampled foreign currencies, gouged corporate profits and gave investors one of the year’s few winning trades. Though the greenback has stumbled in recent weeks, recession worries may keep it elevated in 2023.

12/30/2022

12/27/2022

After raising the interest rates another 50 basis points, the Fed has already signaled that 2023 will see more interest rate hikes. Reuters has the details @ https://bit.ly/3Fy5XOm #2023

The Federal Reserve will deliver more interest rate hikes next year even as the economy slips towards a possible recession, Fed Chair Jerome Powell said on Wednesday, arguing that a higher cost would be paid if the U.S. central bank does not get a firmer grip on inflation.

12/26/2022

The U.S. trade deficit grew in October, as a strong dollar and declining exports hit a 7-month low. Reuters has the details @ https://bit.ly/3BjOqrQ

The U.S. trade deficit widened sharply in October as slowing global demand and a strong dollar pushed goods exports to a seven-month low, suggesting that trade could be a drag on economic growth this quarter if the trend persists.

12/23/2022

Congress may have declined to add sick days for railroad workers, but investors are pushing for these benefits to be added as the threat of a strike looms. ABC News has the details @ https://bit.ly/3Hl7kCx

The major freight railroads now face pressure from investors to add sick days after Congress declined to require them as part of the contracts they imposed last week to avert a potentially devastating nationwide rail strike

12/22/2022

Age knows no bounds when it comes to skiing. Travel + Leisure has the best places for seniors to hit the slopes in North America @ https://bit.ly/3BiYLo9

These 10 ski resorts in the U.S. and Canada cater to seniors with special events, discounted (or free) tickets, and more.

12/20/2022

The last Boeing 747 has exited the factory, ending the plane's 50-year production run. CNBC has the story @ https://bit.ly/3Fx8LLZ #747

Boeing has produced 1,574 of the planes at its factory north of Seattle.