FIVE on FIVE AU: ASX ends day lower; employment is increasing and the unemployment rate is rising rapidly

FIVE on FIVE AU: ASX ends day lower;  employment is increasing and the unemployment rate is rising rapidly

The ASX 200 trimmed its weekly gains to 0.8% after today’s close of 0.77%, with the biggest losses felt in the energy and technology sectors. ASX Small Ordinaries lost more than 1.1%, while gold shares also underperformed during the session. Energy stocks saw oil prices fall after a report highlighted growing U.S. crude supplies. Santos …

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The United States ends the fiscal year with a budget deficit of nearly $1.7 trillion, an increase of 23%.

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The federal government ended its fiscal year in September. Wrapping up a year in which some thought the shortfall could exceed $2 trillion, the United States had an imbalance of $1.695 trillion, or about $320 billion. The budget report comes out the same week that Biden asked Congress to allocate $105 billion for “national security …

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The United States ends the fiscal year with a budget deficit of nearly $1.7 trillion, an increase of 23%.

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The federal government ended its fiscal year in September. Wrapping up a year in which some thought the shortfall could exceed $2 trillion, the United States had an imbalance of $1.695 trillion, or about $320 billion. The budget report comes out the same week that Biden asked Congress to allocate $105 billion for “national security …

Read more