/r/economy
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the Federal Reserve is essentially saying that the U.S. shot itself in the foot with its export controls on China (which was illustrated by Intel's recent staff layoffs)
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Household credit card debt in the U.S. reaches record $1.14 trillion. 57% of Americans depend on credit cards to make ends meet
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Dell reportedly cuts over 12,000 jobs as it seeks to 'streamline' its structure and boost profitability: an estimated 10% of its workforce.
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