Economy
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Zillow analyst names culprit of flat home sales, high housing prices
Zillow’s June Market Report shows that U.S. home sales grew by 5.9% since last year, with a total of 381,125 homes sold in June. The number is a 9.2% increase since May.
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Jersey Mike's unseats Chick-fil-A as America's highest-rated fast food chain: report
This was the first year the American Customer Satisfaction Index included the New Jersey-based sandwich chain, which filed for an initial public offering in July, and it edged out Chick-fil-A by a single point.
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Trump announces Walmart to lower prices for thousands of products at his administration's request
Walmart said it will be lowering prices through its signature Rollbacks and Sam's Club programs, and customers can expect savings on groceries, household and everyday essentials, outdoor living, toys and apparel.
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Average cost of July 4 cookout for 10 is $7.38 a person, increase consistent with annual inflation
The cost is based on what the farm lobby group that compiled the report considers a traditional cookout meal of burgers, sides, lemonade and dessert.
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US unemployment rate for June drops slightly to 4.2%, economy added 57K jobs
Economists predicted the June unemployment rate would be 4.3% and that the economy would add 115K jobs,
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Fed Chair Warsh says inflation risk lower than it was a few weeks ago
Central bankers around the world have been looking at how to address inflation stemming from higher energy costs in the wake of the war in Iran, as well as the upward pressure on prices from the boom in artificial intelligence.
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U.S. job openings and hires were steady in May, Labor Department report says
There were 7.6 million available positions in May, and the hiring rate was at 3.3% in May, with about 5.2 million Americans taking new jobs.
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Everyday Economics: The consumer is still spending, but not out of the woods
Last month, inflation was still too high but some households got a little breathing room.
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Fed's key inflation measure shows highest jump since October 2023
Despite high inflation rates, consumer spending was higher than expected. Personal income also beat forecast.
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As SpaceX shares drop, Elon Musk loses trillionaire status
Shares of SpaceX were down to $155 on Wednesday, and Musk was $6 billion poorer than he'd been when SpaceX debuted earlier this month.
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Tech selloff sends stock futures tumbling as concerns over AI buildout costs mount
The tech-heavy Nasdaq100 fell more than 2% on Tuesday. In premarket trading, Alphabet, Nvidia and Oracle were considerably lower.
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Despite a new chairman and shorter statements, the Fed has stopped talking interest rate cuts
Fed may be leaning toward increasing rates.
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Zillow faces antitrust suit, consumer fraud claims amid housing crisis
Zillow and its subsidiaries capture 62% of real estate web traffic and average more than 221 million unique monthly users.