Economy
Pending home sales in April slump to lowest level since the start of the pandemic
Signed sales contracts on existing homes dropped 7.7% in April compared to March, the slowest pace since April 2020, according...
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N.Y. Fed President John Williams says inflation is too high but will start coming down soon
New York Federal Reserve President John Williams on Thursday said inflation is still too high, but he is confident it...
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Hiring stays strong for low earners — while job growth for middle- and high-earners slows, Vanguard finds
The pace of hiring remains strong for lower-earning Americans, holding steady above its pre-pandemic baseline even as the demand for higher-income workers...
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Dow closes more than 570 points higher to post best day in 2024, stocks wrap a winning May
The Dow Jones Industrial Average jumped Friday for its best session of the year, as investors wrapped up a strong month after...
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The Fed’s preferred inflation measure rose 0.2% in April, as expected
Inflation rose about as expected in April, with markets on edge over when interest rates might start coming down, according...
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Top adviser recommends against Elon Musk’s $56B Tesla pay package
Top proxy adviser Institutional Shareholder Services on Friday recommended Tesla shareholders vote against the reapproval of CEO Elon Musk’s $56 billion pay package...
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IRS announces Direct File as permanent free tax-filing option starting next year
The Internal Revenue Service announced Thursday that its experimental Direct File free tax-filing option for simplified tax returns would become...
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Orange juice prices are going through the roof — forcing some makers to consider alternative fruits
Orange juice prices have climbed to fresh all-time highs amid persistent supply constraints, pushing the industry into crisis mode and forcing...
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McDonald’s exec says average menu item costs 40% more than in 2019
A top McDonald’s executive is weighing in on claims that the company has jacked up its prices. Joe Erlinger, president of McDonald’s...
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Nissan issues ‘do not drive’ warning for 84,000 older-model vehicles over Takata air bags
Nissan has issued a ‘do not drive’ warning for about 84,000 older-model vehicles because they carry recalled Takata-made airbags. The...
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