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Wednesday, May 8, 2024

Economy is going from bad to worse, reports show

The bad economic news keeps piling up. On Thursday, three milestones showing the depths of the downturn were reached: The number of workers filing unemployment claims hit an all-time high, sales of new homes fell to an all-time low, and production of durable goods dropped for the fifth straight month, boosting inventories to their highest level since at least 1992. For the full story click here

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