Traders are now 100% certain the Federal Reserve will cut interest rates by September. There are now 93.3% odds that the Fed’s target range for the federal funds rate, its key rate, will be lowered …
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Business
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Business
John Deere to abandon Pride festival sponsorships following online right-wing pressure campaign
by adminJohn Deere said Wednesday it would cease lending its name to social events like LGBTQ Pride parades — the latest corporation to reassess its stance on hot-button social issues as the culture wars ignite ahead …
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Business
Willow Bay, Bob Iger to take controlling stake in NWSL’s Angel City FC at a $250 million valuation
by adminWillow Bay and Bob Iger will take a controlling stake in Angel City Football Club, the world’s most valuable women’s professional sports team. On Wednesday, Angel City of the National Women’s Soccer League announced the couple had …
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Mortgage rates dropped to the lowest level since March last week, sparking swift demand in refinancing. Homebuyers, however, seemed unimpressed. Applications to refinance a home loan jumped 15% last week, compared with the previous week, …
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DETROIT — General Motors will increase production of its Cadillac Escalade V-Series performance model as part of updates to the flagship SUV for the 2025 model year. The new SUV features a standard 55-inch diagonal display across the dash, …
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Business
Fed Governor Christopher Waller sees central bank ‘getting closer’ to an interest rate cut
by adminFederal Reserve Governor Christopher Waller on Wednesday suggested that interest rate cuts are ahead soon as long as there are no major surprises on inflation and employment. “I believe current data are consistent with achieving …
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DVD rental service Redbox is set to shut down after 22 years in business, as streaming continues to dominate the at-home entertainment market. Redbox’s parent company, Chicken Soup for the Soul Entertainment, changed its Chapter …
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For more than 10,000 Olympic athletes, making it to Paris this summer is a dream come true. Thousands of potential tourists feel otherwise. Delta Air Lines says travelers are avoiding the city this summer and booking …
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Post-pandemic consumer splurging is rapidly coming to a halt, according to two widely followed U.S. companies — more evidence that the U.S. economy is likely in for a period of slower economic growth. Pepsi and …
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Business
He plays rich on screen but dreams of full-time work: ‘Why can’t I get a living wage?’
by adminEditor’s note: This is part of NBC News’ Checkbook Chronicles, a series of profiles highlighting the financial realities of everyday Americans. Doug Sharp isn’t a rich man — but he has played one in Hollywood. …