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Driven by cheaper gas, cars and airfares, US inflation slowed in October
Tuesday’s report showed that prices either fell or rose only slowly across a broad range of goods and services, including gas, new and used cars, hotel rooms and housing.
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Strong US economic growth for last quarter likely reflected consumers' resistance to Fed rate hikes
The government is expected to report stellar growth for the U.S. economy during the July-September quarter, highlighting the durability of consumer and business spending despite the Federal Reserve’s efforts to cool the expansion with high interest rates.
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Rite Aid files for bankruptcy
Rite Aid, the third-largest US drugstore chain, filed for Chapter 11 bankruptcy protection Sunday
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What a government shutdown means for you: Social Security, SNAP, passports and more
If a shutdown happens, millions of federal employees will be furloughed and many others will be forced to work without pay until it ends. A handful of federal programs that people nationwide rely on everyday could also be disrupted.
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White House preparing for government shutdown, disruption of federal services
The White House on Friday directed federal agencies to get ready for a shutdown after House Republicans left town for the weekend with no viable plan to keep the government funded and avert politically and economically costly disruption of federal services.
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Here are 3 money moves wealthy Americans are more likely to make in times of economic uncertainty
There are certain money moves wealthy Americans are more likely to make to improve their long-term well-being.
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Biden's goals for labor and climate collide in United Auto Workers strike
The United Auto Workers strike has exposed tensions between President Joe Biden’s goals of fighting climate change and supporting unions.
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Child poverty more than doubled in U.S. after expanded tax credits, stimulus checks ended
The end of expanded financial assistance from the Covid-19 pandemic has wiped out progress made by the U.S. in fighting child poverty.
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HUD releases new aid for low-income families to keep up with rising rents
The Department of Housing and Urban Development said that fair market rents for fiscal year 2024 will rise about 12 % nationwide and that the department has increased funding for housing choice vouchers.
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Raimondo meets Chinese officials in ‘tricky' visit as countries seek a more stable relationship
Raimondo arrived in Beijing on Sunday night, beginning a visit which came at the invitation of her counterpart, Chinese Minister of Commerce Wang Wentao.
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Americans say this is the most valuable money lesson they've ever learned—but many aren't putting it into practice
Americans say they learned this money lesson as they were entering adulthood around age 22. But it’s something many still struggle to put into practice.
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37-year-old launched a fintech startup specifically for Black-owned businesses: ‘This is a profit driver, it is clear'
Kelly Ifill was actively opposed to becoming an entrepreneur — until she had the idea for Guava, a fintech startup aimed at helping Black-owned businesses.
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Here's what's getting cheaper at the grocery store as inflation eases
Inflation in the United States edged up in July after 12 straight months of declines. But excluding volatile food and energy costs, so-called core inflation matched the smallest monthly rise in nearly two years. Here’s what’s getting cheaper
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Trucking giant Yellow declares bankruptcy after years of financial struggles
Trucking company Yellow Corp. has declared bankruptcy after years of financial struggles and growing debt. It marks a significant shift for the U.S. transportation industry and shippers nationwide.
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No more freebies: Companies crack down on customer perks and rewards
Companies from Dunkin’ to Delta, Netflix to Sephora are pulling back on freebies and perks as they chase higher margins.
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The US credit rating has been downgraded. Here's what that means for consumers
Fitch’s move comes just weeks after the White House and Congress resolved a standoff on whether to raise the government’s borrowing limit. Here’s what you need to know.
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Here's what the Federal Reserve's 25 basis point interest rate hike means for your money
Everything from mortgages and credit cards to student and car loans has been affected by the Federal Reserve’s rate hike cycle.
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Federal Reserve raises interest rates again. Here's how borrowers will be affected
The Federal Reserve’s expected move Wednesday to raise interest rates for the 11th time could once again send ripple effects across the economy. Perhaps no one has felt the pain more than car buyers. It’s not just that sticker prices are way up. Or that lenders have tightened credit standards. On top of all that, steadily higher auto loan rates...
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Positive Influence: Shabaz Says
Shabaz Ali, the teacher behind @ShabazSays, shares how he’s using his online platforms to comedically give followers a reality check about the way wealthy people live.
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A UPS strike could be just around the corner. Here's what you need to know
Annual profits at UPS in the past two years are close to three times what they were before the pandemic.