Economy
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Home sales fall to lowest level in 16 years — lowest since the subprime crisis era
The median existing-home price for all housing types was $416,700, an increase of 0.4% from one year ago. This makes it the 40th consecutive month of year-over-year price increases.
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Weekly jobless claims tick upward, but remain at historically low levels
Layoffs are scarce, and Americans are enjoying a large amount of job security. In the past nine weeks, new jobless claims have come in at or below 200,000, and they've never exceeded 230,000 in a single week.
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Consumer prices increase at annualized rate of 0.4% in October
The increase was slightly higher than Wall Street projected but lower than the 0.6% annualized increase in September.
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Tax changes can cushion inflation but can't restore lost purchasing power
For 2027 income, generally reported on returns filed in early 2028, the standard deduction rises to $16,600 for single filers and $33,200 for married couples filing together
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Stocks tumble, Dow loses more than 1,800 points over AI fears, erasing gains following midterms
Stocks related to the artificial intelligence trade slid for the second day, as fears of Democratic anti-AI policy weighed on investors.
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Private sector employment up 86,000 jobs in October, earnings growth highest in two years: report
Base pay for private-sector workers rose 3.2% and gross pay was up 4.7% year over year, ADP's pay data shows.
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Stocks tick higher following midterms as weight of uncertainty lifts off investors
The Dow Jones Industrial Average traded 1,131 points, or 2.2% higher on Wednesday morning, with the S&P gaining 1.6%. The Nasdaq Composite rose 2%.
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Kroger’s $3M taxpayer-funded grant questioned by food group
The money is part of the Trump administration’s “Make America Healthy Again” program from the U.S. Department of Health and Human Services
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U.S. shrimpers seek ban on Indian imports over forced labor allegations
The legal action, supported by the Southern Shrimp Alliance, also names several major U.S. retailers, including Aldi and Meijer, which allegedly sell shrimp linked to the company's supply chain.
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Inflation ticked up in September, driven largely by rising gas prices, data shows
Excluding food and energy, whose prices tend to be much more volatile, consumer prices in September increased 3.1% from where they were a year ago, and increased 0.3% from August.
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GDP increases by 3.4% in third quarter, exceeding Wall Street expectations
Second-quarter growth was 2.2%, according to the advance estimate released Thursday by the U.S. Bureau of Economic Analysis.
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You Vote: How do you expect Trump's energy deals with Venezuela and Russia to affect fuel prices?
Energy prices have been a sore spot for Republicans since Trump launched the Iran war in late February, which sent global supply into chaos.
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Consumer confidence improves in October amid easing gas prices, survey shows
The survey's respondents also expressed improving outlooks on their present situation, which rose 6.9 points to 72.6. Their short-term outlook increased 8.6 points to 120.4, according to The Conference Board.