The U.S. government will release its latest report on consumer prices Tuesday morning, and experts think it will show that inflation is continuing to slow down. Economists surveyed by Dow Jones Newswires and The Wall…
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Business
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Americans are starting to feel like shoplifting is becoming an epidemic. It’s becoming a mainstream worry that is contributing to fears about crime and the fate of major cities. New York City is experimenting with…
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Vince McMahon plans to sell a substantial chunk of his stake in TKO, the parent company of WWE, the wrestling empire founded by his father, TKO said in a release Thursday TKO’s stock fell 5% after the closing…
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Business
Why buying a house is still financially beneficial even with sky-high prices and interest rates
It’s becoming harder to enter the U.S. housing market, but for those who have managed to get in, the benefits have often been huge. Investing experts have long said that one of the best reasons…
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Workers at Ford, Stellantis and General Motors are weighing in on the new contracts proposed by their union and the Big Three — and a few of them seem unsatisfied with what they’re being offered.…
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United Airlines plans to make it easier for customers to earn elite status through co-branded Chase credit cards, the latest airline to tweak its lucrative frequent flyer program to reward big spenders. The airline isn’t changing overall requirements for elite…
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The unions representing hospitality workers in Las Vegas on Thursday reached a tentative deal with MGM Resorts International for a new contract covering nearly 25,400 employees, less than 24 hours before a strike threatened to shut down the…
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The IRS on Thursday announced higher federal income tax brackets and standard deductions for 2024. The agency has boosted the income thresholds for each bracket, applying to tax year 2024 for returns filed in 2025. For 2024, the top rate…
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Business
Americans are unusually down on a solid economy. So far, they aren’t spending — or voting — like it.
By just about any measure, the mighty American economy is chugging along nicely. The much-forecast recession of 2023 simply never happened. Instead, the jobless rate has remained below 4% for two years, wages are finally…
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Business
Credit card balances spiked in the third quarter to a record $1.08 trillion. Here’s how we got here.
Americans now owe $1.08 trillion on their credit cards, according to a new report on household debt from the Federal Reserve Bank of New York. Credit card balances spiked by $154 billion year over year, notching the largest…