Economy
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Chevron the latest in California’s years-long business exodus as companies flee the state
According to a 2022 analysis by the Hoover Institution, 352 California-based companies moved their headquarters out of the state since 2018.
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Trump tells Bitcoin conference America will be 'crypto capital' to uproarious applause
Trump promised to fire the crypto-skeptic SEC Chairman and create a crypto advisory council
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Kamala Harris’ direct connection to Bidenflation: a tie-breaking Senate vote for stimulus package
Inflation "is squarely on the shoulders of Kamala Harris," Rep. Byron Donalds said.
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US wholesale inflation increased in June suggesting some price pressures remain high
That is the sharpest year-over-year increase since March of last year. It is happening as other indicators show that inflation has continued to ease.
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Inflation rate for June 0.1% less than previous month, annual rate now 3%, Labor Department
The slightly lower rates could be a sign for the Federal Reserve to cut its interest rate.
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Increased air travel has not resulted in increased airline profits
Airlines move to save money after an increase in air travel lacks profits.
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US economy added 206k jobs in June, unemployment rate increased to 4.1%
Jobless rate is the highest since October 2021
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Bidenomics: More companies announce bankruptcies, shutter operations, citing inflation
The trend of stores closing is up from the amount that closed in 2023.
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Federal Reserve keeps key interest rate, signals just one cut is expected before year's end
Recently released forecasts show only slight optimism about inflation remains on track to falls to the Fed’s targeted 2% goal
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Consumer prices rose 3.3% in May, compared to 12 months earlier, Labor Department
Later today, the Federal Reserve will release its latest policy statement that is expected to keep interest rates steady.
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US added 272K jobs in May, better than expected, but unemployment rate increases to 4%
The Labor Department reported Friday the U.S. economy added 272,000 in jobs in May but that the unemployment rate for last month increased to 4%.
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Memorial Day cookouts expected to cost 10% more this year than last as cost of meat increases
Ketchup has reportedly increased by 10 cents, and a regular grocery store trip is costing families 20% more than it did in 2021.