Finance
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Federal Reserve holds rates steady despite Democratic calls to cut
The bank is still working to lower inflation to the target rate of 2%.
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Home sales hit a 30-year low in 2023 amid high mortgage rates, 7.79% in late October
Mortgage rates surged to 7.08% in late October last year.
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Federal Reserve’s expenses exceeded its 2023 earnings by $114.3 billion: report
The central bank's deficit was a result of attempts to get rid of inflation and stimulate the economy.
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Apple halts US smartwatch sales over patent dispute
Apple said it plans on appealing the decision to a federal court if necessary.
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Costco gold bar sales reach $100 million amid inflation fears
The company sells out of its gold "within a few hours" of it being listed online, the Costco CEO previously said.
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Christmas trees prices up 10% from last year, with inflation, drought, Canada wildfires factors
Two of the explanations for the increase in Christmas tree prices include inflation and a tree shortage.
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GOP attorneys general demand giant firms stop supporting the 'debanking' of conservatives
The letter alleges that the firms cite "hate speech" or "reputational risk" as reasons to debank individuals or organizations.
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Moody's cuts credit outlook from eight banks in China due to quality decline, report
Hong Kong’s outlook was also lowered from stable to negative.
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October inflation rate 3.2%, unchanged from previous month and above target rate: Feds
The Consumer Price Index increased by 3.2% in October compared to 12 months prior.
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Top DeSantis donor pulling away from him, is considering giving money to Trump
"I’d want somebody that would be a hell of an ass kicker if he needed to be," Bigelow said during the interview.
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US government debt projected to surpass $50 trillion by 2033, report
Investors are likely to be concerned about lingering inflation risks and bond defaults for some time, according to Bank of America.
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Congressman who voted to oust McCarthy says it's unlikely he will support a continuing resolution
'It's basically just funding the government at Nancy Pelosi levels," Crane said.
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Fed holds interest rates, no hike, as expected
The Fed has raised benchmark rate four times this year