Federal Reserve chair Jerome Powell on Friday gave the clearest indication yet that the central bank is likely to start cutting interest rates, which are…
Business
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Federal Reserve Chair Jay Powell said Friday he expects the central bank will cut its key interest rate in the near future…
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Business
Philadelphia Fed President Patrick Harker advocates for interest rate cut in September
by adminPhiladelphia Federal Reserve President Patrick Harker on Thursday provided a strong endorsement to an interest rate cut on the way September. Speaking…
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Business
July home sales break a four-month losing streak as supply rises nearly 20% over last year
by adminClosed sales of previously owned homes rose 1.3% in July compared with June to a seasonally adjusted, annualized rate of 3.95 million…
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Paramount special committee extends Skydance ‘go shop’ period as it reviews Bronfman offer
by adminThe future of Paramount Global is still uncertain. Paramount’s special committee on Wednesday said it would extend by 15 days an agreed-upon “go shop” period of…
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Peloton on Thursday said it will start charging new subscribers a one-time $95 activation fee if they bought their hardware on the secondary market as…
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Business
Walz’s family relied on Social Security when his father died. Many don’t know kids are eligible for benefits.
by adminMinnesota Gov. Tim Walz accepted the Democratic vice presidential nomination at the Democratic National Convention on Wednesday night. In his speech, Walz credited a…
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DETROIT — Ford Motor is delaying production of a next-generation all-electric pickup truck at a new plant in Tennessee and canceling plans for a…
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There’s no room for price gouging in a ultra-competitive business like retail, Target CEO Brian Cornell said on Wednesday. In an interview on CNBC’s…
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Business
U.S. added 818,000 fewer jobs than thought, adding to concerns about a slowing economy
by adminU.S. job gains over the 12 months ending in March were revised downward Wednesday by 818,000 — a significant revision that adds…