#economics

#economics

The U.S. penny's production cost has reached nearly 4 cents, leading the Mint to announce a halt in penny production after existing stocks are depleted.

California drivers face a staggering 60 cent state tax, making their pump price $4.88—a notable $1.73 above the national average.

Retail sales volumes came in better than expected in April, largely due to very strong food sales, fuelled by warmer weather and earlier barbecuing.

Sudan's army may shut down oil export facilities for South Sudan, threatening its economy reliant on oil revenue amid ongoing civil conflict.

In a recent paper, professor Michael Miche of USC predicted that the impact could be gasoline prices of over $8 a gallon.

Money serves multiple crucial functions in the economy, acting as a medium of exchange, unit of account, and store of value, thus facilitating trade efficiently.

"There's no one story. As an author, it would've been nice if there was a very simple story to tell... But you see people getting out of poverty while moving to the city..."

The index reveals that wealthier nations tend to employ non-tariff barriers more than poorer nations, which frequently depend on tariff-based restrictions for trade management.

The United States is provoking this fight, but it is Brazil that is going to end up benefiting.

Beales is closing its store in Poole, Dorset at the end of the month, attributing its business failure to the Chancellor's tax hikes and financial burdens.

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