Economy
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Another California company to flee to Texas amid difficult business environment
The apparel and e-commerce company, which is expanding its sports apparel business, is leasing 70,000 square feet of warehouse and office space in the Texas town.
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Mortgage rates fall to the lowest level in 4 weeks, but still higher than before Iran war
The decline in mortgage rates corresponds to drops in oil prices and Treasury yields, which closely track mortgage rates.
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US retail sales drop unexpectedly as Americans curb spending following summer splurges
Retail sales fell 0.6% last month, which is the largest decrease since May 2025, compared with a revised gain of 0.2% in June, according to data the Commerce Department released on Friday.
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Sheetz lowers gas prices to $1.776 per gallon for 4th of July
"We hope this discount helps our customers keep a little more change in their wallets as they travel to celebrate the 4th of July with friends and family, with an obvious nod to our nation’s birthday," said Travis Sheetz.
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UPS Teamsters threaten strike if contract not reached by July 5
"Every UPS Teamster expects this by July 5 or we will be ready to strike," part-time UPS Teamster Cesar Castro said.
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U.S. poverty increased for first time in 10 years due to pandemic
The national poverty rate has not increased since the wake of the 2008 recession.
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Starbucks union calls strike over Pride displays, but company calls it misinformation
Many of the demonstrators carried signs and wore shirts with the phrase, "Workers rights are trans & queer rights."
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Anheuser-Busch says, 'We hear you,' pledges to give money to wholesalers as Bud Light sales tank
"We are a beer company, and beer is for everyone," Anheuser-Busch CEO Brendan Whitworth said.
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Bud Light loses top-selling U.S. beer spot to Mexico's Modelo Especial after Dylan Mulvaney debacle
Bud Light sales fell 24.4%, putting the St. Louis-based beer in second place as it accounted for 7.3% of all beer sales in America.
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Egg prices continued downward trend in May
The price surge began in the latter half of 2022, in part driven by the spread of avian flu that reduced the total supply.
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Oil prices up after Saudi Arabia announces more production cuts
Saudi Arabia, the world's top oil exporter, already reduced production in April by 500,000 barrels a day.
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Economy added 339K jobs in May, nearly double Wall Street expectations
Futures connected to the Dow Jones Industrial Average went up roughly 200 points.
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Chick-fil-A draws boycott calls over DEI initiatives
"This is bad. Very bad. I don’t want to have to boycott. Are we going to have to boycott?" Mannarino asked.