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The 15 best U.S. cities for first-time homebuyers—the top 3 are in Texas
For younger first-time buyers, the small military city of Killeen, Texas, is considered the best place to buy a home.
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US trucking firm Yellow shuts operations. How that impacts the supply chain and prices for consumers
As Yellow customers like Walmart and Home Depot take their shipments to other carriers, prices will go up.
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US employers added a solid 209,000 jobs in June in sign of economy's resilience
The unemployment rate fell from 3.7% to 3.6%, near a five-decade low.
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Chocolate is set to get more expensive as cocoa prices soar to seven-year highs
Chocolate lovers are up for a bitter disclosure: prices of their favorite snack are about to rise further on the back of elevated cocoa prices.
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Treasury Now Says It Could Run Out of Money June 5, Buying Time for Debt Ceiling Talks
Treasury Secretary Janet Yellen said Friday that the United States will likely have enough reserves to push off a potential debt default until June 5.
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Republicans Question June 1 Debt Ceiling Deadline as Talks Zero in on Potential Trade-Offs
Debt ceiling negotiators are zeroing in on a small list of key issues after President Joe Biden and House Speaker Kevin McCarthy met Monday afternoon.
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Regulators Seize First Republic Bank and Sell it to JPMorgan Chase
First Republic Bank’s 84 branches in eight states will reopen Monday as branches of JPMorgan Chase Bank.
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US Adds a Healthy 236,000 Jobs Despite Fed's Rate Hikes
America’s employers added a solid 236,000 jobs in March, reflecting a resilient labor market and suggesting that the Federal Reserve may see the need to keep raising interest rates in the coming months. The unemployment rate fell to 3.5%, not far above the 53-year low of 3.4% set in January. Last month’s job growth was down from February’s gain of...
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Fed Raises Key Rate by Quarter-Point Despite Bank Turmoil
The Federal Reserve extended its year-long fight against high inflation by raising its key interest rate by a quarter-point despite concerns that higher borrowing rates could worsen the turmoil that has gripped the banking system. Fed Chair Jerome Powell sought to reassure Americans that it is safe to leave money in their banks, two weeks after a rush of depositors...
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Why Regulators Seized Signature Bank in Third-Biggest Bank Failure in U.S. History
The swift move shocked executives of Signature Bank, said board member and former congressman Barney Frank.
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Silicon Valley Bank Shut Down by Regulators
Silicon Valley Bank, a major lender to tech startups, has been shut down by regulators.
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Silicon Valley Bank Is Shut Down by Regulators in Biggest Bank Failure Since Global Financial Crisis
The tech-focused bank was closed by regulators on Friday after attempts to raise more capital failed.
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Check Your Change! These Valuable Pennies Are Worth Thousands
Before cleaning out your loose change, read this. There may be a penny in your purse worth hundreds of thousands of dollars.
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Check Your Loose Change — Some Pennies Could Be Worth Thousands
Before cleaning out your loose change, make sure you’re not accidentally giving away a rare penny worth thousands of dollars.
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Biden Preaches Patience to Voters Spooked by Economic Tumult
When it comes to reassuring Americans about an economy that’s an election-year challenge to his party, President Joe Biden is telling the country to hold on.
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EXPLAINER: How the Strong U.S. Dollar Can Affect Everyone
The value of the U.S. dollar has been on a tear for more than a year against everything from the British pound across the Atlantic to the South Korean won across the Pacific.
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Federal Reserve Raises Interest Rate by 0.75% in Bid to Curb Inflation
The Federal Reserve announced Wednesday that they have raised the benchmark interest rate by 0.75% to curb high inflation.
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Here's How You Can Prepare for Possible Aggressive, Quicker Rate Hikes From the Fed
As the Fed tries to pump the brakes on inflation, it will get more expensive to borrow. Here’s how to prepare.
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The Great Resignation Is Still in Full Swing. Here's What to Know
Millions of people are quitting their jobs each month, while job openings are near record highs and layoffs are low. But the labor trend may have plateaued.
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With Few New Cars on Lots, U.S. Auto Sales Likely Fell Sharply in the First Quarter, Analysts Say
Tight supplies of new cars and rising inflation fears likely hit U.S. auto sales hard in the first quarter.