Politics
Fed Chair Powell says ‘time has come’ for interest rate cut
Federal Reserve Chair Jay Powell said Friday he expects the central bank will cut its key interest rate in the...
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How investors can prepare for lower interest rates: It’s ‘like getting a haircut,’ advisor says
Federal Reserve chair Jerome Powell on Friday gave the clearest indication yet that the central bank is likely to start cutting interest rates,...
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Why Ford believes its $1.9 billion shift in EV strategy is the right choice for the company
DETROIT — Ford Motor’s profit engine for decades has been large trucks and SUVs in the U.S. So it might surprise...
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DOJ sues software firm RealPage for allegedly helping landlords collude to keep rents high
The Department of Justice and eight states on Friday accused software company RealPage of unlawfully scheming to undermine competition among landlords and...
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Walz’s family relied on Social Security when his father died. Many don’t know kids are eligible for benefits.
Minnesota Gov. Tim Walz accepted the Democratic vice presidential nomination at the Democratic National Convention on Wednesday night. In his speech, Walz...
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Paramount special committee extends Skydance ‘go shop’ period as it reviews Bronfman offer
The future of Paramount Global is still uncertain. Paramount’s special committee on Wednesday said it would extend by 15 days an agreed-upon “go...
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Peloton to start charging subscribers with used equipment $95 activation fee
Peloton on Thursday said it will start charging new subscribers a one-time $95 activation fee if they bought their hardware on the secondary...
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Philadelphia Fed President Patrick Harker advocates for interest rate cut in September
Philadelphia Federal Reserve President Patrick Harker on Thursday provided a strong endorsement to an interest rate cut on the way...
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July home sales break a four-month losing streak as supply rises nearly 20% over last year
Closed sales of previously owned homes rose 1.3% in July compared with June to a seasonally adjusted, annualized rate of...
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Cryptocurrency ‘pig butchering’ scam wrecks Kansas bank, sends ex-CEO to prison for 24 years
The former CEO of a small Kansas bank was sentenced to more than 24 years in prison for looting the bank of $47 million...
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