Economy
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Report finds Americans are still paying off credit debt from last Christmas
Study was done by WalletHub.
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U.S. economy sets 2-year high for growth, exceeding analysts' expectations by more than 40%
Plunge in private business investment from second quarter nearly stopped in third quarter, down just 0.3%, Commerce Department says.
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Consumer prices increased in November at annualized rate of 2.7%, lower than expected
The rate was lower than the projected 3.1% by Wall Street.
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Target rolls back DEI programs, following other retailers
Target has long faced conservative pushback, including over its pride month displays and offerings for children.
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Tesla sales drop 1.1% in 2024, first annual decline in 12 years
The report covers 12 years and marks the first time Tesla has released such data over that period.
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Millions of Americans will get a pay raise New Year's Day, an increase in social security benefits
While nine million people will benefit from state-led wage increases, about three million could potentially get a boost in social security benefits.
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Gas prices at the pump expected to drop slightly in 2025, for third straight year
The price climbed to over $5 a gallon nationally in mid-2022, as the country emerged from the pandemic and struggled with high inflation.
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Credit card default rate in US reaches highest level in 14 years
The numbers are the highest in 14 years
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Poll finds that 60% of likely American voters don't think the U.S. needs more H-1B visa workers
Trump picked sides and went with the co-heads of DOGE, Musk and Ramaswamy, to argue that the U.S. needs to continue its policy of recruiting more people to come work in the U.S. via the H-1B visas.
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South, Midwest lead top 10 hot spots for 2025 housing market
Realtors association projects 4.5 million existing home sales and a median existing-home price of $410,700 in 2025.
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Big pricetag: Median U.S. home price expected to hit $410,700 in 2025
Realtors group forecasts mortgage rates will stabilize near 6% in 2025, which it expects to become the "new normal."
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National debt grew by $2.5 trillion in 2024; projected to rise more
Federal debt now exceeds 100% of the GDP.
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Majority of Americans still paying off credit card debt from last Christmas
Same study revealed “68% of Americans say Santa will be on a budget this year because of inflation.”