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Economy
2026 retirement plan limits increase as IRS boosts 401k, IRA contributions
The IRS unveiled contribution limit changes for popular retirement plans, including 401(k) plans and IRAs. Americans…
General Motors announced it is investing hundreds of millions in US plant
General Motors is investing $888 million in its Tonawanda Propulsion plant in Buffalo, New York,…
Consumers may face higher beef prices from businesses
High beef prices have been weighing on U.S. businesses and consumers. They have forced some…
Elon Musk tells Tesla workers it ‘feels like Armageddon’ during all-hands meeting
Tesla CEO Elon Musk urged his company’s staff to "hang onto your stock" during an…
Trump presses Fed’s Jerome Powell to cut interest rates
The Federal Reserve left interest rates unchanged at its March meeting, shortly after President Trump…
EU retaliatory tariffs against US delayed to mid-April
The European Union (EU) has delayed imposing its first retaliatory tariffs against the U.S. until…
Social Security Administration to require more in-person visits
Those who cannot use an online identity-proving tool will soon need to visit a local…
44% of Washington DC restaurant owners think they’ll close in 2025
Possible restaurant closures are looming over eateries in the nation’s capital. Forty-four percent of full-service…
Federal Reserve leaves interest rates unchanged
The Federal Reserve on Wednesday announced that it will leave its benchmark interest rate unchanged…
How many rate cuts does the market expect this year?
Federal Reserve policymakers are meeting this week and are expected to announce a decision on…
Retail sales rebound moderately in February
U.S. retail sales rebounded in February, suggesting that the economy continued to grow in the…
Forever 21’s U.S. operating company filed for bankruptcy on Sunday
Forever 21's U.S. operating company filed for Chapter 11 bankruptcy on Sunday, marking the second…
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