Economy
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Fed nominee Warsh to back independence on interest rates
His nomination comes as Trump continues to criticize the Fed for its hesitance to lower rates, dubbing current Chairman Jerome Powell as "too late" Powell.
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Stock indices surge, oil prices drop after temporary Hormuz opening
Market conditions had already begun to improve on Thursday as President Donald Trump expressed optimism that the war in Iran was nearing its end.
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Tariff refunds begin as administration signals possible rate reinstatement by July
Many tariffs imposed under the International Emergency Economic Powers Act have been invalidated, triggering a large-scale refund process for importers.
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Bezos falls in world’s richest rankings as Indian business tycoon moves up the list
Gautam Adani edges out Bezos to come in at #3; Musk still a distant first.
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Redfin: Housing market likely in a recession, though ‘little risk’ of delinquent catastrophe
Real estate company says recession would have to be ‘severe’ to seriously affect homeowners.
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Americans feeling pain of housing crisis as millions fear eviction under Bidenomics
Essential costs of living — food and shelter — are skyrocketing for Americans as their real wages are going down.
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You Vote: Are high food prices affecting what you buy at the grocery store?
Food costs are seeing their largest annual increase since May 1979.
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It's the grocery cart, stupid: Soaring food costs ominous for Dems, if GOP can seal deal with voters
Republicans push to renew focus on inflation as voters not sold on GOP despite disapproving of Biden's handling of economy.
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Consumer prices rose 0.1% from July to August, with food costs still increasing, feds
U.S. consumer prices in June accelerated at the fastest annual pace in roughly four decades
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Dow closes with strong week including 400-point Friday, after nearly a month of slumps
Recession fears still persist as Fed continues aggressive rate hiking.
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Amid declining sales, Burger King announces 2-year, $400m restaurant upgrade and remodeling campaign
Company says it will implement new technology, "high-quality remodels."
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Dollar General says economic woes are bringing $100k earners to shop in bargain stores
Company stock has reached new highs since 2020.
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Rail workers poised to strike in nine days, amid long, unsettled contract dispute with railroads
The strike has the potential to create substantial problems for the U.S. economy and its already challenged supply chain.