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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Biden announces more federal help ahead of Small Business Saturday
Initiatives push to simplify access to the $700 billion allocated annually in federal contracts.
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Holiday shopping expected to break records again in 2024
National Retail Federation expecting total holiday spending of between $979.5 billion to $989 billion in November and December.
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Post-election poll shows economic confidence up; Biden ratings down
Biden's approval rating dropped to 37%.
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Charlotte airport workers strike over wages as Thanksgiving travel week gets underway
The workers from ABM and Prospect Airport Services are striking in protest of what they argue are low wages, according to the Service Employees International Union.
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Boeing lays off over 2K employees in Washington state following strike, financial issues
The reduction in Washington, where it has eliminated 2,199 jobs, is only a fraction of its workforce in the state, which consisted of 66,000 workers last week. The terminations have impacted workers in all three of the company's divisions.
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Annual inflation rate reaches 2.6% in October, up 0.2% from previous month, feds
The increase was in line with Wall Street expectations
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Small businesses continue to struggle with labor
Quality of employees those small businesses do find is also a significant issue, according to the recently released Jobs Report from the National Federation of Small Business.
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U.S. borrowed $255 billion in first month of fiscal year 2025: CBO
"There’s a fiscal storm on the horizon," says Maya MacGuineas, president of the Committee for a Responsible Federal Budget.
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Markets blast off on Trump victory, also spurs crypto 'frenzy' including Musk's favorite
Bitcoin obliterates previous record by crossing $75,000, and even joke currency dogecoin jumps 18%.
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Iconic entrepreneur Bernie Marcus, who co-founded Home Depot, dies at age 95
In his final years, Marcus became a conservative megadonor and unapologetic backer of Donald Trump.