After a year-long dip, American consumer spending power will be back in 2023
Goldman Sachs expects household cash flow to reverse a year-long decline beginning right after Christmas.
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Goldman Sachs expects household cash flow to reverse a year-long decline beginning right after Christmas.
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The Biden administration approved a major and controversial oil drilling plan in Alaska, known as Willow, just one day after unveiling protections for more than 16 million acres of land and water in the region.
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Morgan Stanley is rolling out an advanced chatbot powered by OpenAI’s latest technology to help the bank’s army of financial advisors, CNBC has learned.
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Recently, the US e-commerce giant Amazon has engaged in a head-on battle with the world's largest retailer Walmart. Both will simultaneously launch their largest annual online promotion campaigns. Besides e-commerce platforms, the price war has also affected physical retailing under various pressures, making discounted prices increasingly important to consumers, and maintaining profits has become the top priority for retail giants.
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