Economy
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Trio wins Nobel Prize for economics for their independent but related work on 'creative destruction'
"Creative destruction" is the economic concept of new technologies replacing older ones.
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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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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
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22,000 jobs added in August, unemployment nears 4-year high
The unemployment rate rose from 4.2% to 4.3% last month
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Number of available jobs in US falls below number of unemployed workers for first time since 2021
There are 7.24 million people seeking jobs and 7.18 million open positions
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Over 1 million immigrants have left US labor force so far during Trump's second term: report
The 1.2 million number includes legal residents and those in the country illegally.
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Federal appeals court halts Trump’s use of emergency powers to impose tariffs
The ruling could affect deals the Trump administration has struck with the European Union, Japan, South Korea among the major trading partners.
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Cracker Barrel's embrace of 'woke' culture predates controversial rebranding
Get Woke, Go Broke: The restaurant company joins the likes of Bud Light, Jaguar and Target as subject of conservative ire over rebranding, DEI policies.
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Home purchase cancellations happening at record rate, Redfin says
According to Redfin, more than 15% of home sales were canceled in July, which is about 58,000.
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Dow hits record high after Fed Chair hints at September rate cuts
The Dow climbed 846 points, or 1.89%, from Thursday’s close to an all-time high of 45,631.74.
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U.S.-EU trade deal includes ceiling for European pharmaceutical imports
The 15% ceiling on pharmaceutical tariffs is a welcome reprieve from a phased increase of up to 250% in the coming years – something President Donald Trump mentioned in an interview with CNBC earlier this month.
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Cracker Barrel stock plunges after new logo draws backlash
As of press time, CRL was down 8.66% for Thursday alone and down 14.12% over a mere five-day window.