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The Credit Crunch is Changing Banks’ Tune About the Cannabis Industry

The Credit Crunch is Changing Banks’ Tune About the Cannabis Industry

by Joseph Lingad | May 24, 2023 | Cannabis, Economy, Inflation

When Noah Carey founded his company in 2015, no banks worked with the cannabis industry. But now he is seeing financial institutions that once balked at the underserved market have a change of heart — in part because of the recent banking crisis. Carey’s company,...
Construction Jobs Continue To Grow Despite Interest Hikes

Construction Jobs Continue To Grow Despite Interest Hikes

by Mrinalini Nayak | May 23, 2023 | Economy, Housing, Inflation, Jobs, Manufacturing

Ajax Paving Industries, Florida LLC couldn’t be any busier this year. The company is bagging multiple contracts for re-building interstate highways and roads in Florida as the fast growing state sees skyrocketing development from building roads and airports to homes...

Five Things to Watch Out For In April’s Consumer Price Index Report

by Joseph Lingad | May 10, 2023 | Consumer Price Index, Economy, Inflation, Jobs

  The Labor Department will release April’s Consumer Price Index Wednesday–a measure of prices for goods and services–amid sticky inflation, a robust job market, and the recent banking turmoil. Bloomberg is forecasting April’s inflation will remain at 5% but see...
U.S. Remittances Skyrocket, Sets Record High Amid Economic Headwinds

U.S. Remittances Skyrocket, Sets Record High Amid Economic Headwinds

by Joseph Lingad | Apr 10, 2023 | Economy, Featured, Inflation

Angelo Cabrera immigrated to New York City from Mexico in 1990 as an undocumented immigrant at 16 and immediately started working in bodegas throughout the city, so that he could send money to his family in Puebla, Mexico. When the pandemic started, Cabrera increased...
Consumers are spending less as inflation decelerates

Consumers are spending less as inflation decelerates

by Mariam Kiparoidze | Apr 1, 2023 | Economy, Inflation, Personal Income

Photo by Nathan Dumlao on Unsplash U.S. consumers are spending less compared to the beginning of the year, while inflation eases, a sign of relief for the monetary policymakers trying to cool off the economy that started the year strong. Consumer spending increased by...

Welcome to Issue Number One

Welcome to Issue Number One, a site covering economic trends. The site is produced by reporters at the New York City News Service and the CUNY Graduate School of Journalism. Email your comments to greg.david@journalism.cuny.edu.
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