Economy
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Wholesale prices see a 6.3% annual jump in September, much higher than economists expected
Both the monthly and annual increase exceeded forecasts of economists polled by Dow Jones, who expected an increase of 0.6% for the month and 5.5% for the year.
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Trump announces $21B investment by semiconductor firm in NY
Semiconductors are critical components for a wide variety of electronic goods, as well as key security items.
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Consumer prices increased 0.6% from August to September, Labor Department
The price of gasoline increased 9.1% in September, contributing largely to the overall index increase.
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Decline in tourism adds to Los Angeles' economic woes
The most significant absence of international tourists was Canadians, as the number of visitors from Canada dropped by 32% in the three summer months
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Starbucks to lay off 900 employees, close stores in $1 billion restructuring plan
This is the second round of layoffs under CEO Brian Niccol this year, after 1,100 corporate workers were let go previously
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Fed rate cut makes minimal immediate impact, but long-term effects in question
Even a small interest rate reduction reduces borrowing costs for Americans and in the long-run could mildly stimulate economic activity, potentially boosting growth while easing pressures on inflation and the housing market.
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Federal Reserve announces first rate cut of Trump's second term
Chairman Jerome Powell had been hesitant to make such a move, despite public urging from Trump.
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Washington surpasses California as state with highest gas prices
In Washington, a gallon of regular gas on Monday cost an average of $4.658
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Consumer prices rose at annualized rate of 2.9% in August: federal government
The index is considered the country's most accurate indicator of inflation.
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World's largest retailer struggles to keep costs down as tariffs hit
Walmart CEO Doug McMillon told investors that the company could be forced to raise prices further due to tariff pressure.
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Business leaders eye immigration reform
A majority of Americans are calling for increased legal pathways for immigrants to work in and live in the United Statesi across various job sectors, according to a new poll commissioned by The Center Square. Ninety-four percent of Americans said it was at least
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22,000 jobs added in August, unemployment nears 4-year high
The unemployment rate rose from 4.2% to 4.3% last month
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Number of available jobs in US falls below number of unemployed workers for first time since 2021
There are 7.24 million people seeking jobs and 7.18 million open positions