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Economy
Federal Reserve to cut staff by 10% in coming years
The Federal Reserve is planning to reduce the workforce at the central bank by 10%…
Walgreens to pay up to $350M for filling illegal opioid prescriptions, Justice Department says
Walgreens has agreed to pay up to $350 million as part of a settlement with…
Pfizer COVID vaccine may lose FDA authorization, company says
The U.S. Food and Drug Administration (FDA) may not renew the Emergency Use Authorization for…
GE Appliances invests $3B to expand US manufacturing operations
GE Appliances is investing more than $3 billion over the next five years to expand…
US national debt hits $37 trillion to reach the latest record
The U.S. national debt surpassed $37 trillion for the first time in the nation's history…
Kodak announces substantial doubt about staying in business
Kodak announced in a Securities and Exchange Commission (SEC) filing on Monday that there was…
July CPI: Inflation continued to rise as tariffs push consumer prices higher
Inflation increased in July and moved further away from the Federal Reserve's target rate as…
Trump executive order could reshape Americans’ retirement portfolios
President Donald Trump's executive order directing financial regulators to include alternative investments in retirement plans like…
Fed Governor Michelle Bowman still sees three interest rate cuts in 2025
Federal Reserve Governor Michelle Bowman said in a speech over the weekend that she still…
US Steel Clairton Coke Works explosion prompts major rescue operation
Rescue crews raced to save multiple people trapped beneath the rubble after an explosion at…
Inflation expected to rise in July CPI release as tariffs impact consumer prices
The Labor Department will release its latest monthly inflation report on Tuesday at a critical time…
Federal budget deficit widens by $109 billion despite tariff revenue influx
The U.S. federal government's annual budget deficit has widened by $109 billion so far this fiscal…
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