Economy
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Class action suits, DOJ effort that changed realtors' fees appear to be saving consumers thousands
The changes follow a class action lawsuit challenging the longstanding fee structure of the entire U.S. real estate system.
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Gold prices reach $4,000 for first time amid economic uncertainty
Gold has not shot up so much since the inflationary shock of 1979
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Conservatives push Union Pacific–Norfolk Southern merger
In a letter to the Surface Transportation Board Friday, over a dozen groups endorsed the merger, which would link 50,000 route miles and 100 ports across 43 states into a single transcontinental rail system.
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El Salvador's Bukele was forerunner in trend to help nations prosper with Bitcoin. Has it paid off?
Bitcoin got a major boost when President Trump was reelected in 2024 and said days later that he intends to nominate cryptocurrency advocate Paul Atkins to be the next chair of the Securities and Exchange Commission.
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Five states, FTC sue Zillow and Redfin over $100M deal
Federal suit seeks to block the deal between the companies and have them divest from each other.
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Decline in tourism adds to Los Angeles' economic woes
The most significant absence of international tourists was Canadians, as the number of visitors from Canada dropped by 32% in the three summer months
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Starbucks to lay off 900 employees, close stores in $1 billion restructuring plan
This is the second round of layoffs under CEO Brian Niccol this year, after 1,100 corporate workers were let go previously
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Fed rate cut makes minimal immediate impact, but long-term effects in question
Even a small interest rate reduction reduces borrowing costs for Americans and in the long-run could mildly stimulate economic activity, potentially boosting growth while easing pressures on inflation and the housing market.
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Federal Reserve announces first rate cut of Trump's second term
Chairman Jerome Powell had been hesitant to make such a move, despite public urging from Trump.
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Washington surpasses California as state with highest gas prices
In Washington, a gallon of regular gas on Monday cost an average of $4.658
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Consumer prices rose at annualized rate of 2.9% in August: federal government
The index is considered the country's most accurate indicator of inflation.
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World's largest retailer struggles to keep costs down as tariffs hit
Walmart CEO Doug McMillon told investors that the company could be forced to raise prices further due to tariff pressure.
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Business leaders eye immigration reform
A majority of Americans are calling for increased legal pathways for immigrants to work in and live in the United Statesi across various job sectors, according to a new poll commissioned by The Center Square. Ninety-four percent of Americans said it was at least