Business Watch

Business Watch pieces from Congressional Post are stories that outline the latest important business news from across the country. If you’re invested in staying up-to-date with the latest reports on business and the economy, we’re here to help.

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Chinese Real Estate Giant Files For Bankruptcy

One of the largest Chinese real estate companies, Evergrande, filed for bankruptcy last week, which could have a significant impact on the future of...

Trump: Would Not Renominate Powell As Fed Chair

Former President Donald Trump said this week that he would not renominate current Federal Reserve Chair Jerome Powell, marking a potentially large change at...

United States Loses AAA Credit Rating

The United States saw its Fitch credit rating drop from its sterling AAA rating this week, noting a potential lack of confidence from financial...

Fed Rate Reaches More Than 20-Year High

The Federal Reserve announced this week that it was raising interest rates yet again, marking the latest effort in the fight against stubborn inflation...

Americans Purchasing Less Food Amid Inflation

A major food distributor announced this week that many Americans were cutting back on their food consumption amid high inflation rates. The news comes...

Worse-Than-Expected Jobs Report Could Signal Weakening Economy

The American economy produced fewer jobs than expected in June, according to the Labor Department. Non-farm payroll employment increased by 209,000, lower than the...

Jordan Launches ESG Funding Investigation

House Judiciary Committee Chairman Rep. Jim Jordan (R-OH) is joining several other Republican representatives to investigate the status of environmental, social and governance (ESG)...

Unemployment Claims Reach Nearly Two-Year High

New jobless claims reached their highest point since October 2021, in the latest economic yellow light. The increase in jobless claims comes as the...

Grocer’s Plight Highlights Surge In Thefts

Another retail chain expressed difficulty in keeping its locations open due to significant theft and quality of life issues. Giant Food is currently struggling...

Target’s Stock Falls After LGBT Pride Marketing

Retail giant Target is facing a prolonged backlash after unveiling several LGBT-related products and displays. Several of the themed goods were marketed specifically to...

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