Economy
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Love may be priceless, Valentine’s Day isn’t
Dinner reservations, quick getaways, and traditional gifts may look similar across the commonwealth. The final totals, however, often vary depending on where couples spend.
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Trump admin notches Taiwan trade deal: USTR
While Taiwan will eliminate nearly all of its tariffs on American imports, the U.S. will lower its tariffs on Taiwanese goods to 15%.
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Consumer prices increased 2.4% annually in January, less than expected
The rate was slower than forecast and down from the 2.7% the annualized rate in December,
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Kohl's to close 27 stores across U.S., including 10 in California
“While Kohl's continues to believe in the health and strength of its profitable store base, these specific locations were underperforming stores,” the department store chain said in a news release.
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Lutnick says Trump has agreed to eliminate income taxes for Americans making less than $150K
President Donald Trump previously teased eliminating the federal income tax in January, claiming that if his plans with tariffs work out then he would eliminate the federal tax.
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Realtors report higher prices, too few homes for sale
Sales for February jumped 7% compared to last year. Prices also jumped. The median home price in Wisconsin hit $304.900, which is nearly 11% higher than in February of 2023.
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Federal Reserve holds interest rates steady
The central bank said there was uncertainty when it came to the economy.
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Planned tariffs are pressure for countries to abandon unfair trade policies, Treasury Secretary says
Secretary Bessent's comments come ahead of a new round of reciprocal tariffs planned for April 2.
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Treasury Secretary Bessent says Biden admin. caused 'affordability crisis' that Trump will fix
Bessent also took a shot at the media, hinting that they gaslit Americans during Biden's administration that the economy was good.
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Inflation cooled slightly in February compared to previous month, 2.8% now compared to 12 months ago
Economists predicted that the consumer price index would increase to 2.9%.
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Agriculture Secretary Rollins says price of dozen eggs has dropped $1.85 in roughly past 13 days
Last month, Rollins unveiled the Trump administration's plan to lower the cost of eggs in a Wall Street Journal op-ed.
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US economy adds 151K jobs in February, unemployment rate at 4.1% , Labor Department
The numbers are slightly higher but consistent with Wall Street projects of 160,000 jobs and 4% unemployment.
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Starbucks to lay off 1,100 of corporate employees
Starbucks previously fired its employees and closed many stores in major cities.