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Economy
US debt tops $37 trillion for first time as OBBBA adds room for more
The federal government's gross national debt topped $37 trillion for the first time in history last…
US producer prices rise moderately in December
U.S. producer prices increased moderately in December, but that is unlikely to change views that…
Trump threatens Apple and EU with sweeping new tariffs
President Donald Trump on Friday threatened to impose fresh tariffs on both Apple and the…
What will no taxes on tips cost in tax revenue?
A key element of the tax-cut package that the Trump administration and congressional Republicans are…
Wage stagnation forces fast-food workers into ‘unsustainable’ economic trap
Fast-food employees are continuing to afford necessities as prices remain elevated. To afford fast-food meals…
Mortgage rates rise to 6.86%: Freddie Mac
Mortgage rates increased to the highest level since mid-February, mortgage buyer Freddie Mac said Thursday.…
Federal Reserve governor warns markets demand higher rates on US Treasury debt
Federal Reserve Governor Christopher Waller said Thursday that the financial markets have reacted to projected deficits…
Walmart to cut about 1,500 jobs from corporate workforce
Walmart – the nation's largest private employer – is cutting more than 1,000 corporate jobs…
Homebuyers expect recession in next year, many see it as opportunity to purchase
A new survey finds that American homebuyers are anticipating that a recession will occur by early…
Klarna losses double as Buy Now Pay Later defaults reach 17% amid inflation
Klarna, a significant player in the buy now, pay later (BNPL) space, has faced losses…
Goldman Sachs says larger tax cut won’t offset tariff drag on economic growth
A new report by Goldman Sachs finds that while House Republicans' tax cut package that's moving…
JPMorgan’s Jamie Dimon criticizes mortgage lending rules at firm’s investor day
JPMorgan Chase CEO Jamie Dimon on Monday criticized financial regulators for not easing rules that…
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