Hello and welcome to AS USA's live feed covering financial, business, and economic news...  Yesterday, the BLS released the September Unemployment Report, which found that unemployment held steady at 3.8 percent last month.  This is one closely watched indicator by the Federal Reserve, which has paused rate increases in current months , awaiting more information on how the hikes implemented over the last year have impacted the l abor market and consumer and producer prices.  Next week, the Social Security Adminstration will release the 2024 Cost-of-living adjustment (COLA), which will be applied to Social Security benefits and  the other programs administered by the SSA.

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Needs, wants, savings, otherwise known as the 50-30-20 rule, is a way of budgeting your income that can help you get control of your finances. According to the Bureau of Labor Statistics, the median weekly income for workers in the US from January to March 2023 was $1,100 a week.  The median refers to the midpoint, meaning that fifty percent of workers make more than this amount, with the other half making less. If we apply the 50-30-20 rule to this income,  a worker would spend $550 on their needs  (i.

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Hello and welcome to AS USA's live blog covering US politics... Rep. Kevin McCarthy became the first Speaker of the House to be removed from office in US history. The motion to vacate passed after all Democrats and eight GOP representatives voted in favor. McCarthy has said that he will not put his name in the hat for the next Speaker elections, conceding to the extreme wing of his party that called for his removal. Now, the GOP caucus must elect a new Speaker, and it could take time to identify a representative with enough support to make it over the 218 threshold.

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Hello and welcome to AS USA's live blog covering US politics... After Congress passed a bill to fund the government for the next forty-five days, averting a government shutdown, members of the GOP are not pleased with the leadership shown by Speaker Kevin McCarthy. Rep. Matt Gaetz of Florida has moved to oust Speaker McCarthy which has led members of the GOP to call for his expulsion.  Former president Donald Trump is dominating GOP primary polls, but his legal troubles continue to grow . Last week, a New York court found him liable for financial fraud, and this week, a civil suit into his financial dealings begins.

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WELCOME!!! Welcome to the Diario AS USA live commentary of the final game of the 2023 regular season between the Texas Rangers and Seattle Mariners as the AL West has come right down to the bitter end. The Texas Rangers clinched a playoff spot with a win last night in game three, which simultaneously saw the Seattle Mariners see their Wild Card hopes dashed. The American League will send Toronto to the post season in one Wild Card spot and either Houston or Texas will occupy the other. The Rangers are currently in first place in the AL West with Houston trailing by just game.

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The Cowboys and Patriots so far this season The Dallas Cowboys' season started out great with a 40-0 defeat over the Giants and a 30-10 win over the Jets, but in Week 3, they were upset by the Arizona Cardinals with a 28-16 loss . They lost CB Trevon Diggs to a season-ending injury, which was a huge loss to their defense, and their offense is still struggling to get moving.  The New England Patriots are 1-2 , but their two losses to the Dolphins and Eagles were both by under 10 points before beating the Jets in Week 3, 15-10.

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The Bills went into Washington and took on a Commanders team that was undefeated threw two weeks. Many people were using their game against the Bills to see if the Commanders were for real, and Josh Allen and the Bills answered that question with a thumping win over Sam Howell and Washington. Buffalo put up 37 points, but Allen had a normal day going for 218 yards and a TD with one INT . It was the defense that locked down the Washington offense, picking Howell off four times, one of those going for a TD, and sacking him nine times and holding them to a total of 230 yards .

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The president's reaction In a statement released shortly after the Senate vote, President Joe Biden said "extreme House Republicans" had sought to create a "manufactured crisis", and urged Speaker McCarthy to allow a further funding deal for Ukraine to pass without delay. He said: "We cannot under any circumstances allow American support for Ukraine to be interrupted." as.com Posted at: 07:15 EDT 01/10/2023

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Hello and welcome to AS USA's live blog on US politics What a week it has been. The second Republican primary debate took place on Wednesday night . Former president and current frontrunner, Donald Trump, was notably absent once again. Both President Biden and Trump made stops in Michigan, with the former becoming the first modern president to visit a picket line. Trump, on the other hand, made a campaign stop at a non-union business to speak with current and former autoworkers, though it seemed that many supporters with no relation to the auto industry were also in the crowd.

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President Biden makes speech from a UAW picket line Presidnet Biden made history earlier this week when he became the first modern president to join striking workers on a picket line. UAW members were happy to see the president show solidarity with their cause and call out companies that have not adequately shared their profits with their workers. The president mentioned that he stood with UAW workers as an elected official in 1973 as a senator.  The UAW endorsed then-candidate Biden in April 2020 but has yet to endorse him for his 2024 run.

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Cowboys and Cardinals: Where do they stand? The Arizona Cardinals are 0- 2 and the Dallas Cowboys are 2-0 heading into the Week 3.  Dominant Dallas Defense The Cowboys have been dominant in their start to the season, beating the Giants 40-0 and then the Jets, 30-10. Unfortunately, today they will be playing without one of their best defenders, cornerback Trevon Diggs, who suffered a season-ending ACL injury. So far, the Dallas defense has been a big part of the Cowboys' success. They lead the league in scoring defense, total yards per game allowed, passing yards per game allowed, sacks, and takeaways .

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How have Real Madrid started the 2023-24 season? The chances are you already know the answer to that question, but here we go anyway. Real Madrid have won every single game so far this season (five in LaLiga, one in the Champions League).  The won the first two by a two-goal margin but have since only managed to squeeze past Celta, Getafe, Real Sociedad and Union Berlin by the odd goal. In true Real Madrid fashion, Bellingham, of course, scored later winners in three of those matches, although they would undoubtedly prefer to get the job done a little earlier.

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As bank customers move online and make fewer trips to their local branches, many national financial institutions are closing down locations. This is not a new trend. Insider Intelligence reported that between 2017 and 2021, nine percent of all branches — around 7,000 locations— shut their doors. The branches currently being shut are typically found in cities where another location exists, leaving customers with an office in case they require in-person assistance. For example, Bank of America is closing a branch in San Marcos, Los Angeles, and Anaheim, all home to additional locations.

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Interest rates stay steady at latest Federal Reserve meeting The Federal Reserve has maintained its current stance on interest rates, in line with market expectations. Consequently, the benchmark borrowing rate remains unchanged, ranging from 5.25% to 5.5%. Nevertheless, the central bank has conveyed its intention to keep interest rates at elevated levels for an extended duration. Fed Chair Jerome Powell emphasized that the central bank's primary focus is reestablishing price stability, as ignoring this objective can have severe repercussions on the economy.

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In the US, a retiree's average social security check in August was $1,840.27. For some retirees, these incomes are supplemented by pensions (56 percent) and private retirement accounts like Roth IRAs or a 401(k) (42 percent).  Even with public and private options, poverty impacts around one in every ten seniors, highlighting the challenges many older generations face when they exit the workforce. Even with public and private options, poverty impacts around one in every five seniors, underscoring the challenges many older generations face when they exit the workforce.

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Medicaid is a health insurance program that is funded jointly by federal and state governments which strives to help low-income individuals have access to healthcare . It was established to provide medical coverage to children, parents, pregnant women, the elderly and the disabled who have limited income. Although the federal government sets some basic ground rules, each state can choose whether to offer more healthcare services than those mandated. The Affordable Care Act allocated funding for states to expand coverage to all adults with income no more than 133% of the Federal Poverty Level (FPL).

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Real wages fell half a percent in August August saw one of the most significant decreases in real wages this year, falling 0.5 percent. Compared to August 2022, real wages are up by 0.5 percent, but since January, no increases have been seen.  Real wages account for how changes in the Consumer Price Index impact a worker's purchasing power. The CPI tracked a 0.6 percent increase in average prices last month, meaning that while workers may have seen nominal increases in their paychecks, they were not enough to overcome the impact of inflation.

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UN "ready to assist" Morocco The United Nations has said it is "ready to assist the government of Morocco". In a statement , Stéphane Dujarric, a spokesman for UN secretary-general António Guterres, said: " The secretary-general was profoundly saddened to learn of the earthquake that hit Morocco today which claimed many lives .   "The secretary-general expresses his solidarity with the government and people of Morocco in these difficult times. He addresses his most sincere condolences to the families of the victims and wishes a speedy recovery to the injured.

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Headlines: Saturday 2 September 2023 - Job openings fell in July to a more than 2-year low , pointing to slowdown - September SNAP benefits   brought forward in Florida due to Hurricane Idalia - US quarterly growth  slower than expected in Q2 - Existing-home sales fell in July,  prices rose for first time in five months - Minimum wage  in Florida  set to  increase in September - Minimum wage  in California to go up in 2024 -  New requirements  to receive SNAP benefits in 2024  to take effect soon - 20% of student loan borrowers  to pay $500 monthly   when payments resume , according to study as.

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View of Hurricanes Idalia and Franklin in close proximity from space Hurricane Franklin has grown into a Category 4 monster of a storm currently making its way toward Bermuda. Hurricane Idalia, currently a Category 2, has the potential to become a major storm in its own right forecasted to reach Category 3 before it makes landfall, predicted to be Wednesday morning. Were the two to get closer to each other, the Fujiwhara Effect explains what would happen. as.com Posted at: 23:40 EDT 29/0

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Why hasn't Rubiales resigned? have suspended Rubiales pending an investigation into his conduct at the Women's World Cup final in Australia. Spain beat England in the final to lift the trophy for the first time, but the celebrations were marred by Rubiales' behaviour. Last weekend, a week after the final, 11 members of the Spain women's team's coaching staff resigned . Their statement cited the 'unacceptable attitude' of Rubiales in the face of the criticism. However Rubiales remains unwilling to countenance a resignation.

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Existing-home sales fell in July, prices rose year-over-year The National Association of Realtors reported on Tuesday that  sales of existing homes fell in July by 2.2% nationwide, down 16.6% year-over-year. Sales were down from 12 months prior in all four regions, only in the West did sales increase in July. 'Two factors are driving current sales activity – inventory availability and mortgage rates. Unfortunately, both have been unfavorable to buyers,' said NAR Chief Economist Lawrence Yun. Meanwhile, the median sale price for all types of homes, $406,700, increased 1.

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Wall St. ends lower after bank rating cuts spark wider sell-off All three major Wall Street benchmarks finished lower on Tuesday in a broad sell-off after the downgrading of several lenders by credit rating agency Moody's reignited fears about the health of US banks and the economy. After a five-month rally pushed the benchmark S&P 500 and Nasdaq Composite within 5% of their lifetime highs, August has now recorded five losing sessions out of six . The S&P is down 2% this month, with the Nasdaq dropping 3.

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Good morning and welcome to AS USA's live financial blog! This week, we will be awaiting the  Consumer Price Index report  that will come out on Thursday for the latest inflation update . Gas prices are up this summer as heat waves affect oil refinery operations. Latest figures from the Labor Department show that  187,000 jobs were added in July , while the  unemployment rate went down to 3.5%. Treasury Secretary Janet Yellen called Fitch Ratings' downgrade of the main US credit rating "entirely unwarranted" because it  ignored the country's economic strength .

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Good morning and welcome to AS USA's live financial blog! It's a new work week and we will be awaiting the  Consumer Price Index report that will come out on Thursday for the latest inflation update . Latest figures from the Labor Department show that  187,000 jobs were added in July , while the  unemployment rate went down to 3.5% . Treasury Secretary Janet Yellen called Fitch Ratings'  downgrade of the main US credit rating  "entirely unwarranted" because it  ignored the country's economic strength .

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Jobs most vulnerable to Artificial Intelligence About  one in five workers  have jobs with key tasks that are  more likely to be aided or replaced by AI , according to a recent report from Pew Research Center. The findings, based on an analysis of federal data, found that jobs that rely on analytical skills like critical thinking, writing, science and math  tend to be "more exposed" to the emerging technology. Interestingly, workers in industries more exposed to AI are more likely to say they think it will help rather than hurt their jobs .

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187,000 jobs added in July, unemployment falls to 3.5% The US economy added fewer jobs than expected in July , but solid wage gains and a decline in the unemployment rate back to 3.5% pointed to continued tightness in labor market conditions. The Labor Department's employment report also showed job gains in May and June were revised lower, potentially suggesting demand for labor was slowing in the wake of the Federal Reserve's hefty interest rate hikes . But with 1.6 job openings for every unemployed person in June, the moderation in hiring may also be the result of companies failing to find workers .

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Headlines: Tuesday 1 August 2023 - Biden administration launches new student debt repayment plan - Federal Reserve has announced a  0.25% hike in interest rates - Inflation in the US was at 3% in June , as Fed bids to cut rate to 2% - Initial unemployment claims  fell by 9,000  in week ending 15 July, to 228,000 - June jobs report showed that  US added 209,000 jobs  last month Take a look at related AS USA news articles: as.com Posted at: 04:45 EDT 01/08/2023

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San Francisco complains about Musk's glowing 'X' sign A giant, glowing X marks the San Francisco spot where Elon Musk says he plans to keep his company, the messaging platform X , formerly known as Twitter. But city officials and some residents are unhappy with the display. On Friday, the company erected an "X" logo on the roof of its Market Street headquarters, to the chagrin of neighbors who complained about intrusive lights, and San Francisco's Department of Building Inspection which said it is investigating the structure .

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Hello and welcome to AS USA's live blog covering financial news The US economy  added 209,000 jobs in June , missing Wall Street estimates and reflecting  a slowdown from the previous month , according to data from the Bureau of Labor Statistics. Economists had expected that 225,000 non-farm payroll jobs were added in June. Friday's report marks  the first time in 15 months that non-farm payrolls have come in  lower than Wall Street expected . The June unemployment rate was 3.6%,  down from 3.7% in May .

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