Luisana Silva and her family, who fled Venezuela, have found stability and employment in the United States. They now work for a rug company in South Carolina and are able to send money back home to their parents.
Investors are watching for the giant banks to demonstrate how they benefit if interest rates remain higher than expected this yearMIAMI — Having fled economic and political chaos in Venezuela , Luisana Silva now loads carpets for a South Carolina rug company. She earns enough to pay rent, buy groceries, gas up her car — and send money home to her parents.
“There’s been something of a mystery — how are we continuing to get such extraordinary strong job growth with inflation still continuing to come down?’’ said Heidi Shierholz, president of the Economic Policy Institute. “The immigration numbers being higher than what we had thought — that really does pretty much solve that puzzle.’’While helping fuel economic growth, immigrants also lie at the heart of an incendiary election-year debate over the control of the nation's Southern border.
At the Flood Brothers farm in Maine’s “dairy capital’’ of Clinton, foreign-born workers make up half the staff of nearly 50, feeding the cows, tending crops and helping collect the milk.For every unemployed person in Maine, after all, there are two job openings, on average. “So there you have it,’’ Douglas Holtz-Eakin, president of the conservative American Action Forum, said. “The way to solve an inflation crisis is to endure an immigration crisis."
Barrick Gold has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.
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