Economy
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Housing crisis becomes safety crisis when cops, firefighters can’t live in community they protect
Another concern related to police officers not being able to afford to live where they work is they cannot build trust with those whom they protect and serve through interacting in such everyday activities as community service.
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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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Progressive Democrat Rep. Ro Khanna says Biden's inflation plan needs to go further
Rep. Ro Khanna (D-Calif.) suggests convening an emergency task force.
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U.S. not alone in inflation battle, Eurozone hits 8.1% inflation as energy costs soar
The 19 eurozone countries are experiencing a record rise in inflation.
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Apple union vote scuttled as organizers claim ‘intimidation’ from tech giant
Atlanta store would have first unionized Apple location in the country
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Fed government revises first-quarter GDP, contraction worse than originally estimated
First estimate was a 1.4% contraction in first-quarter GDP, compared to same quarter in 2021.
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Fed's personal consumption expenditure index indicates inflation still high but down from March high
April PCE number marked first slowdown since November 2020
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Is the U.S. in a recession? Many analysts think so
Former Goldman Sachs CEO Lloyd Blankfein says a recession is “a very, very high risk factor.”
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U.S. gas prices hit another record high
At more than $6 a gallon, gas is the most expensive in California
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Overwhelming majority of Americans want companies to stay away from political advocacy, poll
Companies have increasingly chosen or been pressured to take public political stances on a number of issues in recent years
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Wholesale prices increased in April by 11%, compared to year earlier, feds report
New Labor Department report also shows whole prices in April increased 0.5% since March
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Yellen says outlawing abortion would hurt U.S. economy, 'set women back decades'
Treasury secretary says access to abortion has allowed for higher female labor force participation