Wall Street isn’t expecting any drama when the Federal Reserve announces its final interest rate decision of the year on Wednesday. The U.S. central bank is expected to leave rates at their current level of …
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Business
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Business
Regulators caught Wells Fargo, other banks in probe over mortgage pricing discrimination
by adminWells Fargo was snared in an industrywide probe into mortgage bankers’ use of loan discounts last year, CNBC has learned. The discounts, known as pricing exceptions, are used by mortgage personnel to help secure deals in competitive …
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The housing market might be turning around for frustrated would-be buyers as mortgage rates dip and listings rise, according to the real estate brokerage Redfin. The interest rate on a 30-year fixed mortgage is down …
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Hasbro is laying off about 1,100 employees as the toy maker struggles with soft sales that have carried into the holiday shopping season, according to a company memo obtained by CNBC. Hasbro had about 6,300 employees …
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Experts think the government’s last price report of the year will provide more evidence that inflation is slowing. The Bureau of Labor Statistics is scheduled to release its consumer price index Tuesday morning. Economists say …
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Business
A troubling theory about traders profiting from Hamas’ attack on Israel drew much attention. Why it may not be so simple.
by adminIt’s a dramatic and troubling claim: Two New York law professors, one of them a former commissioner of the Securities and Exchange Commission, say that bets were made against Israeli stocks in October and made …
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Many blue-collar workers are riding into 2024 on a year’s worth of stronger hiring, more plentiful job opportunities and faster pay growth than some of their white-collar counterparts. After two years of rapid growth, the …
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Job creation showed little signs of a let-up in November, as payrolls grew even faster than expected and the unemployment rate fell despite signs of a weakening economy. Nonfarm payrolls rose by 199,000 for the …
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Much has been made about how Americans feel bad about the state of the economy, even though according to many broad-based statistical measures things are pretty good. It looks like that message has sunk in …
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Business
Ex-employee charged with stealing $22M from Jacksonville Jaguars for luxury shopping spree
by adminProsecutors have charged a former employee of the NFL’s Jacksonville Jaguars with stealing $22 million from the team and spending it on a condo, cars, cryptocurrencies, gambling, a $95,000 watch and more. According to documents …