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Egg prices may soon ‘flirt with record highs,' supplier says. Here's why
Egg prices are spiking again due to a bird flu outbreak and high consumer demand.
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US inflation ticked up 2.7% in November. Here's what is getting more expensive
Fueled by pricier used cars, hotel rooms and groceries, inflation in the United States moved slightly higher last month in the latest sign that some price pressures remain elevated.
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Here's what to know before taking your first required minimum distribution
Most retirees must begin required minimum distributions at age 73. Here’s what to know before making your first withdrawal.
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Payrolls increased 227,000 in November, more than expected; unemployment rate at 4.2%
Nonfarm payrolls were expected to increase 214,000 in November, according to the Dow Jones consensus forecast.
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Chipotle says it's raising prices 2% in response to inflation
Traffic at the burrito eatery continues to be steady, according to an analyst report.
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Britain wants to take the US on as a global crypto hub — but the industry has its doubts
Steven Bartlett, a U.K. entrepreneur and podcaster, questioned whether the country had the risk appetite to capitalize on crypto’s “generational opportunity.”
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Coinbase policy chief expects speedy approval of crypto laws following Trump's victory
Crypto legislation should make its way through Congress “fairly quickly” after Donald Trump’s election win, according to Coinbase’s chief policy officer.
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US consumer price increases accelerated last month with inflation pressures resilient
Consumer price increases accelerated last month, the latest sign that inflation’s steady decline over the past two years has stalled.
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Thanksgiving meal is historically cheap this year
A nationwide survey of grocery prices by the American Farm Bureau Federation showed that a Thanksgiving dinner this year is at its lowest level since 2021.
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Trump tariffs to push down U.S. growth ‘a great deal' going into 2026, Morgan Stanley warns
Donald Trump’s proposed tariffs will dent U.S. economic growth going into 2026, said Morgan Stanley’s chief global economist Seth Carpenter.
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Visa and Mastercard execs grilled by senators on ‘duopoly,' high swipe fees
Senate Judiciary Committee members say the ‘duopoly’ has left retailers with no ability to negotiate high interchange fees.
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Advance Auto Parts is closing hundreds of stores in an effort to turn its business around
Advance Auto Parts is closing more than 500 stores and shedding another 200 independent locations.
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Here's the inflation breakdown for October 2024 — in one chart
Consumers saw price relief at the gas pump and grocery store. But housing inflation and other categories, such as car insurance, are trouble spots.
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Biden funded new factories and infrastructure projects, but Trump might get to cut the ribbons
With the unemployment rate low and inflation easing, Trump will inherit an economy primed for growth.
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Credit card debt among retirees jumps — ‘It's alarming,' researcher says
There’s been a significant increase in the share of retirees with credit card debt since 2022, according to the Employee Benefit Research Institute.
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America's prospective homebuyers absorb harsh reality: Mortgage rates probably aren't coming down for a while
The average 30-year mortgage rate has been above 6% for two years — and is likely to stay above that level for the foreseeable future, experts say.
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Federal Reserve cuts its key interest rate by a quarter-point
The rate cut follows a larger half-point reduction in September, and it reflects the Fed’s renewed focus on supporting the job market as well as fighting inflation.
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September home sales drop to lowest level since 2010
Inventory was 23% higher from September 2023 last month, good news for home buyers as it gives consumers more properties to view before making a decision.
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US deficit tops $1.8 trillion in 2024 as interest on debt surpasses trillion-dollar mark
The shortfall was more than 8% from the previous year and the third highest on record, the Treasury Department said Friday.
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US jobless claims hit 258,000, the most in a year
The consumer price index was expected to show a 0.1% increase in September and a 2.3% gain from a year ago, according to Dow Jones consensus estimates.