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Breaking News: Economy

Annual inflation rate slows to 2.9%, lowest since 2021

by Walter Watson
Annual inflation rate slows to 2.9%, lowest since 2021

Inflation rose as expected in July, driven by higher housing-related costs, according to a Labor Department report Wednesday that is likely to keep an interest rate cut on the table …

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Fed interest rate cut may boost sales

by Anas Siddiqui
Fed interest rate cut may boost sales

A sign is seen posted on the exterior of a Home Depot store on February 21, 2023 in El Cerrito, California.  Justin Sullivan | Getty Images Just like Wall Street, …

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Wholesale inflation measure rose 0.1%

by Walter Watson
Wholesale inflation measure rose 0.1%

A key measure of wholesale inflation rose less than expected in July, opening the door further for the Federal Reserve to start lowering interest rates. The producer price index, which …

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HelloFresh shares pop 11% as meal kit giant beats profit estimates

by Ron Morgan
HelloFresh shares pop 11% as meal kit giant beats profit estimates

Shares of German meal kit firm HelloFresh jumped on Tuesday after the company reported a better-than-expected profit in the second quarter and said its ready-to-eat meals segment saw rapid growth. …

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American Airlines (AAL) earnings Q2 2024

by Franz Hernandez
American Airlines (AAL) earnings Q2 2024

American Airlines CEO on Thursday vowed to be “diligent” in making sure capacity doesn’t outgrow demand after the carrier slashed its profit forecast for the year after a backfired sales …

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Southwest Airlines (LUV) earnings Q2 2024

by Franz Hernandez
Southwest Airlines (LUV) earnings Q2 2024

Southwest Airlines on Thursday forecast a potential drop in unit revenue for the third quarter as an oversupplied U.S. market has forced airlines to discount tickets during what is usually …

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U.S. airlines cut growth plans for the second half of the year

by Franz Hernandez
U.S. airlines cut growth plans for the second half of the year

Airplanes from United and JetBlue and Delta populate the taxiway at Laguardia Airport in the Queens borough of New York City.  Bruce Bennett | Getty Images U.S. airlines are reducing …

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Trump’s VP pick Vance could have a market impact if they win—Beware Meta and Alphabet

by Horatio Thompson
Trump’s VP pick Vance could have a market impact if they win—Beware Meta and Alphabet

Wall Street is weighing in on how Donald Trump ‘s pick for vice president could potentially influence some major policy decisions if the former president wins reelection. Trump named Ohio …

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Kamala Harris debuts presidential campaign

by Walter Watson
Kamala Harris debuts presidential campaign

Biden’s withdrawal signals generational shift in U.S. politics: Researcher U.S. President Joe Biden’s decision to renounce his presidential bid signals a generational shift in American politics, said Qian Feng, senior …

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Manhattan is ‘buyer’s market’ as real estate prices fall, inventory rises

by Franz Hernandez
Manhattan is ‘buyer’s market’ as real estate prices fall, inventory rises

Manhattan is becoming a buyer’s market as apartment prices fell and inventory rose in the second quarter of 2024, according to new reports. The average real estate sales price in …

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