U.S. business activity contracted for the fourth straight month in October, and the economic downturn “gathered significant momentum,” S&P Global said on Monday, while the White House touted low unemployment rates and credited President Joe Biden’s economic agenda for a “historically strong” economic recovery.
The British pound has plunged to an all-time low against the U.S. dollar after the UK government announced a massive tax-cutting program, which is the biggest in 50 years.
If current rates continue, most religious communities in America will shrink by more than half within three generations. But nondenominational Christianity might buck the trend.
In the latest development out of the Donbas, Reuters reports that under its new agreement with separatist leaders, Russia has a right to build and establish military bases in eastern Ukraine.
President Joe Biden took office promising to "shut down" COVID-19, but in recent weeks, he has taken steps toward acknowledging that the virus will not be eradicated, repositioning to limit damage in the midterm elections.
LONDON—The dollar slumped to a six-week low against major peers on Monday, with Treasury yields near their lowest in five weeks, after the U.S. Federal Reserve reiterated its view that any spike in inflation was likely to be temporary.
