Federal Reserve Chair Jerome Powell on Wednesday reiterated that he expects interest rates to start coming down this year, but is not ready yet to say when. In prepared remarks for congressionally mandated appearances on Capitol Hill …
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Business
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Business
Chick-fil-A asks customers to throw out Polynesian sauce packets over allergen concerns
by adminChick-fil-A is asking customers to throw out some Polynesian sauce packets purchased last month because they may pose a health risk. In a notice at the top of its homepage first posted last week, the …
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Business
Biden to launch task force to crack down on ‘unfair and illegal pricing’ amid rising inflation
by adminPresident Joe Biden on Tuesday will launch a new task force to take on “unfair and illegal” corporate pricing, which Biden sees as a major reason why consumers are not yet feeling the impact of cooling inflation rates and a …
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The price of bitcoin hit an all-time high of about $68,800 Tuesday, surpassing the previous record reached in November 2021. The cryptocurrency has gained approximately 50% in 2024, and has recovered more than 300% since …
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The Biden administration is seeking to impose a new limit on the typical credit card late fee, but the consumer credit and banking industry warns the change could ultimately affect other consumers in the form …
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The price of bitcoin soared past $65,000 Monday, putting it within striking distance of its all-time high reached in November 2021. The cryptocurrency has gained 48% in 2024 and is approaching the intra-day all-time high …
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Business
Passengers sue Boeing and Alaska Airlines for $1 billion over mid-air door panel blowout
by adminThree passengers are suing Boeing and Alaska Airlines for $1 billion in damages in the wake of a door panel blowing out midair on their flight. The suit, announced Feb. 23, accuses Boeing and Alaska …
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Business
United Airlines expects busiest spring break ever despite travelers’ cost concerns
by adminUnited Airlines expects its busiest spring break ever this year, even as travelers say they are concerned about rising costs. The carrier said Monday it expects to serve more than 21 million passengers from March …
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Business
Boeing is in talks to reacquire fuselage maker Spirit Aerosystems after spate of quality defects
by adminBoeing is in talks to buy back Spirit Aerosystems, which makes fuselages for Boeing’s 737 Max jets, according to a person familiar with the matter, as both companies scramble to stamp out manufacturing flaws on the top-selling …
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The price of bitcoin soared past $65,000 Monday, putting it within striking distance of its all-time high reached in November 2021. The cryptocurrency has gained 48% in 2024 and is approaching the intra-day all-time high …