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Colorado experts predict what the state’s economy will look like in 2025
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Approved, State, The Colorado Sun

Colorado experts predict what the state’s economy will look like in 2025

By Tamara Chuang | The Colorado Sun The Herculean effort of predicting how the current year has gone and what will happen to Colorado’s economy in next year took 140 local experts from every major industry sector, meetings since September and dozens of staffers at University of Colorado’s business school putting in roughly 1,000 hours of work.  On Monday, it was summed up with a sentence: “The economy is on stable footing.” The full 171-page report is also available online for those who prefer to dive deeper, but on Monday, senior economist Richard L. Wobbekind, the faculty director of the Business Research Division at the Leeds School of Business, shared highlights during the annual Colorado Business Economic Outlook & Forum event. READ THE FULL STORY AT THE COLORADO ...
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Boeing to layoff hundreds in Washington state as company-wide cuts continue
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Approved, Fox Business, National

Boeing to layoff hundreds in Washington state as company-wide cuts continue

By Elizabeth Pritchett  | Fox Business Boeing is laying off 396 employees at locations in Washington state, Reuters reported on Monday. The move is part of a 10% global workforce cut that the company announced in October, which is expected to impact approximately 17,000 jobs within Boeing. A total of 2,199 Boeing workers in the state of Washington – where its workforce totals more than 60,000 – will be laid off over the next few months, Fox Business reported in November. READ THE FULL STORY AT FOX BUSINESS
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You can break my wallet but not my Christmas spirit
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Approved, MIG Reports, National

You can break my wallet but not my Christmas spirit

By MIG Reports Key Takeaways: Economic strain has shifted Christmas from a season of material abundance to one of resourcefulness. Societal pressures and the commercialization of Christmas create emotional burdens, intensifying expectations and financial realities. Collective resilience emerges as a defining feature of the holiday season, with communities embracing mutual support and shared experiences.  Amid economic uncertainty and financial strain, conversations about Christmas spending express concerns, adaptations, and cultural shifts. Americans discuss their individual struggles and collective resilience as households navigate rising costs while maintaining the spirit of the holiday season. READ THE FULL STORY AT MIG REPORTS
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U.S. Economy Adds 227,000 Jobs In November
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Approved, Breitbart, National

U.S. Economy Adds 227,000 Jobs In November

By John Carney | Breitbart Employers in the United States added 227,000 workers to their payrolls in November, the Department of Labor said Friday, and the unemployment rate edged up to 4.2 percent. Economists had been expecting 215,000 after storms and strikes saw the Labor Department report a much-worse-than-expected growth of just 12,000 in October. They had also forecast that the unemployment rate would rise one-tenth of a point from 4.1 percent. The October report was revised up by 24,000, bringing the estimate up to 36,000. The September jobs number was revised up by 32,000, from a gain of 223,000 to 255,000. READ THE FULL STORY AT BREITBART
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Spirit Airlines files for chapter 11 bankruptcy protection
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Approved, Fox Business, National

Spirit Airlines files for chapter 11 bankruptcy protection

By Elizabeth Pritchett , Pilar Arias | Fox Business Spirit Airlines has filed for Chapter 11 bankruptcy protection following significant financial struggles due to mounting losses and debt maturities, the airline announced Monday. The filing comes after two failed mergers in less than two years – one recently with Frontier and another earlier in 2024 with JetBlue – which left the ultra-low-cost carrier in a bind after repetitive quarterly losses. In October, Spirit announced plans to sell multiple aircraft and lay off workers as it tried to raise cash and revive operations. READ THE FULL STORY AT FOX BUSINESS
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Former Chrysler exec says Trump’s win is prompting CEOs to move out of China
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Approved, Fox Business, National

Former Chrysler exec says Trump’s win is prompting CEOs to move out of China

By Taylor Penley  | Fox Business President-elect Donald Trump's landslide victory over Vice President Harris is already sending shockwaves through the business world as executives have looked to move production out of China since last week, former Home Depot and Chrysler CEO Bob Nardelli told FOX Business. "I think he's [Trump] going to be very positive about growth. He's going to be very protective. He's going to try to re-shore onshore stuff out of China," he said Tuesday on "Mornings with Maria." "Big discussion yesterday about the supply issue, basically superseding the domestic demand issue in China, so a lot of the companies I'm talking to and CEOs are already looking at how they're going to move out of China, either onshore, back to the U.S., or re-shore to another favorab...
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Trump’s White House win sends Dow up 1,000 points
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Approved, Fox Business, National

Trump’s White House win sends Dow up 1,000 points

By Suzanne O'Halloran  | Fox Business U.S. stocks soared Wednesday as Donald Trump defeated Vice President Kamala Harris in one of the most contentious elections in U.S. history.  The Dow Jones Industrial Average jumped over 1,300 points midday Wednesday, continuing the climb seen in the pre-market session after the president elect took the stage at his headquarters in Florida early morning, thanking his supporters and promising to restore the country.  "We're going to pay you back. We are going to do the best job. We're going to turn it around. It's got to be turned around, and it's got to be turned around fast. And we're going to turn it around" said Trump.  READ THE FULL STORY AT FOX BUSINESS
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Trump win ignites crypto frenzy that sends bitcoin to a record high
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Approved, Breitbart, National

Trump win ignites crypto frenzy that sends bitcoin to a record high

By AP | Breitbart The price of bitcoin hit a new high Wednesday as investors bet that former President Donald Trump’s victory in the U.S. presidential election will be a boon for cryptocurrencies. Bitcoin jumped nearly 8% in early trading, climbing above $75,000 and smashing its previous record set in March. Other cryptocurrencies also soared, including ether, the world’s second most popular cryptocurrency after bitcoin, which rallied 8%. Another token, dogecoin, rocketed as much as 18%. It’s the favorite cryptocurrency of billionaire Elon Musk, one of Trump’s most prominent supporters. READ THE FULL STORY AT BREITBART
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Stock market would crash under Harris’ tax plan, billionaire hedge fund manager warns
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Approved, Fox Business, National

Stock market would crash under Harris’ tax plan, billionaire hedge fund manager warns

By Kristen Altus  | Fox Business A potential Trump nominee for U.S. Treasury secretary, who also happens to be a billionaire hedge fund manager, has explained how Vice President Kamala Harris’ tax plan could send markets into a quick plunge. "In the early parts of her campaign, she was supportive of the tax on unrealized gain[s]. And if that was implemented, I think it would be devastating for the markets and cause a market crash," Paulson & Co. President and founder John Paulson said on "Cavuto: Coast to Coast," Monday. "Harris says she wants to raise taxes on capital gains from 20% to 28%. The corporate tax rate, she wants to go from 21% to 28%, Paulson added. "But the one big one, she wants to tax unrealized gains." READ THE FULL STORY AT FOX BUSINESS
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Biden/Harris deliver more migrants than jobs in October
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Approved, Breitbart, National

Biden/Harris deliver more migrants than jobs in October

By Neil Munro | Breitbart President Joe Biden’s border deputies invited four times more migrants in October than the number of extra jobs created by CEOs, according to data obtained by NewsNation. Business groups created 12,000 additional jobs in September, amid an economic slowdown at the strike at Boeing. The 12,000 number was one-ninth of the 112,500 new jobs that were expected. But Biden’s deputies also invited 49,840 more parole migrants to fly or bus into the U.S. for jobs during October. Those “parole migrants” are welcomed by the  Office of Field Operations (OFO) at the ports of entry along the border. READ THE FULL STORY AT BREITBART
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