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Consumer spending growth will slow in 2024, economist predicts — it’s ‘not…

watch now VIDEO 3:17 03:17 We've seen 18% year-over-year volume growth driven by e-commerce, says Payoneer CEO John Caplan Closing Bell: Overtime Consumer spending remained remarkably resilient throughout 2023, even in the face of prolonged inflation and high interest rates . But that's unlikely to continue, according to Jack Kleinhenz, chief economist at the National Retail Federation. "A year ago, many commentators were skeptical and calling for a recession, but the recession never came. With each passing month, consumers kept spending despite inflation and higher borrowing costs." "Nonetheless, those tailwinds are not…

ASP Isotopes Inc. Provides Corporate Update

WASHINGTON, Jan. 10, 2024 (GLOBE NEWSWIRE) -- ASP Isotopes Inc. NASDAQ: ASPI ("ASP Isotopes” or the “Company”), an advanced materials company dedicated to the development of technology and processes for the production of isotopes for use in multiple industries, today provided a corporate update regarding the Company’s operations in Pretoria, South Africa. During December 2023, the Company and its North American commercial partner, RC14 Inc., started processing the raw materials for the production of highly enriched carbon-14 ( C), at the Company’s light isotope enrichment facility in Pretoria, South Africa. During June 2023, the…

Businesses that opened during COVID eligible for state grants: “Small…

After spending 10 years as a fitness coach, the coronavirus pandemic imposed circumstances on Ivan Rogel of Waukegan where continuing to earn a living was a challenge, so he started a business — Energy Fire Fitness. He opened Energy Fire in 2020, conducting Zumba and CrossFit classes, as well as offering one-on-one coaching to clients online. When the weather was appropriate, he found outdoor locations. Advertisement “I needed to work,” Rogel said. “I had to keep going, and I started the business.” Now the state of Illinois is offering grants to entrepreneurs like Rogel, who had the courage to open a fitness business in the midst…

Colorado’s economy outperforms larger states despite smaller population

Where a state ranks in terms of its population is a pretty good indicator of where it will rank in terms of the size of its economy relative to other states. For example, California has the largest population and the largest economy. Texas ranks second on each of those. For just over half of states, population and GDP rank line up precisely or are off by just one in either direction. Florida has the third largest population but the fourth largest economy. In contrast, New York now has the fourth largest population after losing so many residents to Florida, but still ranks third economically. Another dozen states are off by two…

Mortgage demand jumps nearly 10% to start the year, even as interest rates tick…

A “For Sale” outside a house in Hercules, California, US, on Tuesday, May 31, 2022. Homebuyers are facing a worsening affordability situation with mortgage rates hovering around the highest levels in more than a decade. David Paul Morris | Bloomberg | Getty Images Mortgage rates moved a little bit higher last week, for the second week in a row, but are still in a range that consumers appear to like. Total mortgage application volume rose 9.9% last week compared with the previous week, according to the Mortgage Bankers Association’s seasonally adjusted index. An additional adjustment was made for the New Year’s holiday. The average…