The Federal Reserve again kept interest rates steady in final meeting of the year on Wednesday. The U.S. central bank left its benchmark rate at of 5.25% to 5.50%, where it has been since late …
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Business
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There are signs that rents across America are starting to decrease after they spiked during the Covid-19 pandemic. The real estate brokerage Redfin said rents are falling at the fastest clip since the beginning of …
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Business
Millions of parents and young kids could be denied food aid next year without funding boost, report warns
by adminA long-standing federal food assistance program could be short $1 billion next year, leaving 2 million parents and young children without access to its support, a report from the Center for Budget and Policy Priorities …
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Business
Dow rallies more than 500 points to record, closes above 37,000 for the first time
by adminThe Dow Jones Industrial Average jumped to a record Wednesday as the Federal Reserve signaled it would cut rates several times next year, satisfying investors who hoped the central bank would finally start to acknowledge …
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The Federal Trade Commission announced a new rule Tuesday intended to stop auto dealers from using hidden fees and bait-and-switch price tactics on buyers. The agency says such fees and tactics cost people in the …
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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
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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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 …