An important gauge for the Federal Reserve showed inflation eased slightly from a year ago in June, helping to open the way for a widely anticipated September interest rate cut. The personal consumption expenditures price…
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Business
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With interest rate cuts from the Federal Reserve on the horizon, it could be a good time to shift cash, experts say. Traders expect a rate cut in September, according to the CME FedWatch Tool, which could lower the target…
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U.S. stocks had their worst day since 2022 on Wednesday amid a broad pullback in tech companies as Wall Street traders sought to reduce their exposure to firms that have made big bets on artificial…
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Business
CrowdStrike losses may be biggest test yet of cybersecurity insurance risk warning from Warren Buffett
by adminAt Berkshire Hathaway’s annual investor meeting earlier this year, Warren Buffett and his top insurance executive Ajit Jain issued a headline-grabbing warning that Berkshire would exercise caution regarding cyber insurance — in fact, it advised insurance agents…
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Economic activity in the U.S. was considerably stronger than expected during the second quarter, according to an initial estimate Thursday from the Commerce Department. Real gross domestic product, a measure of all the goods and services…
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Chipotle Mexican Grill on Wednesday reported quarterly earnings and revenue that topped analysts’ expectations as it saw higher traffic at its restaurants, bucking an industry slowdown. Shares of the company rose after the closing bell. As…
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The National Basketball Association has rebuffed longtime media partner Warner Bros. Discovery’s bid to keep airing games after next season. The NBA told the media company it doesn’t believe it holds legal matching rights for the…
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DETROIT — General Motors said Tuesday it is again slowing its plans for all-electric vehicles by further delaying a second U.S. electric truck plant and the Buick brand’s first EV. The six-month delay in retooling the electric truck plant in…
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People are struggling to pay off their credit card debt even as many trim their spending. The share of credit card balances that are past due reached the highest level ever in the first quarter,…
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Many of America’s largest labor unions have now announced their endorsements of Kamala Harris’ presidential bid, as the vice president intensifies her campaign for the Democratic nomination. Yet some notable union holdouts remain, suggesting Harris…