Elevated inflation continues to pervade the U.S. economy. And while the pace of 12-month price increases has slowed from the near-double-digit highs…
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Business
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Business
Big banks have drastically cut overdraft fees, but customers still paid $2.2B last year
by adminThe three biggest American retail banks collected 25% less overdraft revenue last year as the companies, under pressure from regulators to cap the fees,…
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Business
S&P 500 closes above 5,000 for first time ever, notches fifth straight winning week
by adminStocks rose on Friday after December’s revised inflation reading came in lower than first reported, and the S&P 500 closed above 5,000 level as…
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Business
Average credit card balances jump 10% to a record $6,360 as more consumers fall behind on payments
by adminCredit card debt has notched another new high. Americans now owe $1.08 trillion on their credit cards, the Federal Reserve Bank of New York reported Tuesday. Balances…
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Honda said on Tuesday it was recalling 750,000 vehicles in the United States over a defect involving air bags which could deploy…
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Look no further than the fast-food drive-thru for evidence of inflation fatigue. Food companies have been passing along higher labor and ingredient…
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Business
New sports bundle could give cord-cutting fans their biggest single source of content yet
by adminDisney, Fox and Warner Bros. Discovery announced plans Tuesday to launch a new streaming service that could become the biggest single source…
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Business
ESPN, Fox and Warner Bros. Discovery to launch joint sports streaming platform this year
by adminWalt Disney’s ESPN, Fox and Warner Bros. Discovery plan to launch a joint sports streaming service this fall, giving consumers a new way to access marquee…
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Business
FAA increases oversight of Boeing 737 Max 9 jets after Alaska Airlines near-disaster
by adminThe Federal Aviation Administration announced Monday that it will start taking a closer look at Boeing 737 Max 9 jets. ‘The FAA…
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The average rate on the popular 30-year fixed mortgage crossed over 7% on Monday for the first time since December, hitting 7.04%,…