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Fed Chair Sounds Alarm on Unsustainable U.S. Economic Path
Washington, D.C., Tuesday, 12 November 2024.
Federal Reserve Chair Jerome Powell warns of an unsustainable economic trajectory due to rising national debt. Despite recent market highs, Powell cautions that the current fiscal path poses a long-term threat to the economy, potentially impacting the ongoing bull market.
Tyson Foods Rebounds: Q4 Profit Soars on Strong Beef and Pork Demand
Springdale, Tuesday, 12 November 2024.
Tyson Foods reported a significant turnaround in Q4 2024, with net income rising to $357 million from a $450 million loss last year. Strong demand for beef and pork, coupled with lower costs, offset challenges in the chicken segment. The company’s shares jumped over 8% on the news.