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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U.S. toolmaker under fire for DEI hiring and LGBTQ lobbying, faces boycott
"Companies need to focus on serving their customers, not woke politicians," said Will Hild, director of Consumers' Research.
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Discount retailer Big Lots files for bankruptcy
The company's locations as well as its official website will stay open during the chapter 11 bankruptcy process.
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US economy in August adds slightly more jobs compared to last month, jobless rate drops to 4.2%
The unemployment rate announced Friday marked the first drop since March
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US Steel: Thousands of union jobs could be lost if merger with Japan company Harris opposes fails
Vice President Kamala Harris said she prefers US Steel remain “American-owned and operated.”
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Pushback on VP Kamala Harris’s tax proposal plan grows as costs are counted
"It would destroy our economy almost instantaneously," Rep. Harriet Hageman said. Critics say Harris’ $5 trillion in tax increase is the biggest in American history and if passed, would fundamentally reshape the American economy.
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Watch Live: J.D. Vance delivers speech about the economy in Michigan
His speech is expected to start at 1:30 p.. EST.
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Fed Chair Powell indicates bank ready to start cutting its key interest rate
The Fed is expected to announce a modest quarter-point cut in its benchmark rate when it meets in mid-September
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As she courts women and minorities, Harris faces harsh reality they fared well in Trump economy
Trump and Harris put out their competing economic agendas in recent weeks with Trump particularly focusing on his past record in office. Harris is stuck defending "Bidenomics," which saw inflation wipe out any gains it may have made.
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US revises jobs report, says created 818K fewer jobs than estimated from spring 2023 to spring 2024
The announcement of a 'cool off' came less than a day before Harris will accept the nomination and amid criticism of the Biden-Harris admin's economic record
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Hopes of interest rates cuts creates gold rush, driving up prices of precious metal, analysts say
The record-high spot prices for gold mean that a standard gold bar, which weighs 27.34 pounds, is now worth more than $1 million.