Economy
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Average cost of July 4 cookout for 10 is $7.38 a person, increase consistent with annual inflation
The cost is based on what the farm lobby group that compiled the report considers a traditional cookout meal of burgers, sides, lemonade and dessert.
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US unemployment rate for June drops slightly to 4.2%, economy added 57K jobs
Economists predicted the June unemployment rate would be 4.3% and that the economy would add 115K jobs,
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Fed Chair Warsh says inflation risk lower than it was a few weeks ago
Central bankers around the world have been looking at how to address inflation stemming from higher energy costs in the wake of the war in Iran, as well as the upward pressure on prices from the boom in artificial intelligence.
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U.S. job openings and hires were steady in May, Labor Department report says
There were 7.6 million available positions in May, and the hiring rate was at 3.3% in May, with about 5.2 million Americans taking new jobs.
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Everyday Economics: The consumer is still spending, but not out of the woods
Last month, inflation was still too high but some households got a little breathing room.
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Fed's key inflation measure shows highest jump since October 2023
Despite high inflation rates, consumer spending was higher than expected. Personal income also beat forecast.
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As SpaceX shares drop, Elon Musk loses trillionaire status
Shares of SpaceX were down to $155 on Wednesday, and Musk was $6 billion poorer than he'd been when SpaceX debuted earlier this month.
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Tech selloff sends stock futures tumbling as concerns over AI buildout costs mount
The tech-heavy Nasdaq100 fell more than 2% on Tuesday. In premarket trading, Alphabet, Nvidia and Oracle were considerably lower.
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Despite a new chairman and shorter statements, the Fed has stopped talking interest rate cuts
Fed may be leaning toward increasing rates.
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Zillow faces antitrust suit, consumer fraud claims amid housing crisis
Zillow and its subsidiaries capture 62% of real estate web traffic and average more than 221 million unique monthly users.
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Unemployment applications fell to 226,000 last week, layoffs historically low: Labor Department
US unemployment benefits applications fell to 226,000 last week, with layoffs remaining historically low, offering a real-time indicator of how the labor market is doing
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Average gas prices drop below $4 in wake of Iran deal
The development is good news for President Donald Trump, whose approval ratings have fallen substantially amid the Iran war and the ensuing economic tumult.
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Federal Reserve holds interest rates steady in Warsh's first meeting as chair
Wholesale business inflation was over 6% in May and overall consumer inflation was over 4%, stemming from the economic pressure of the war in Iran.