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Economy
Rite Aid closes all remaining stores after filing bankruptcy twice
Pharmacy chain Rite Aid closed all of its locations after filing for bankruptcy twice in…
Consumer spending on live sporting events up 25% from pre-pandemic levels
A new analysis from the Bank of America Institute found that consumer spending on live sporting…
NY Fed survey shows businesses passing tariff costs to consumers via prices
The Federal Reserve Bank of New York recently released a survey that found businesses are passing…
Retail job cuts spike as major chains close stores amid economic pressure
The number of job cuts announced in the first five months of 2025 increased 80%…
Trump doubles steel tariffs to combat foreign market manipulation
President Donald Trump has now raised steel tariffs to 50% from 25%. This increase is absolutely essential…
Trump, South Korea’s new president to work toward tariff agreement
President Donald Trump agreed to quickly work toward a deal on tariffs during his first…
Trump pushes for full percentage point interest rate cut after May jobs report
President Donald Trump on Friday called on Federal Reserve Chairman Jerome Powell to lower interest…
May jobs report: Job growth continued to slow in May amid economic uncertainty
The U.S. economy added jobs in May at a slower pace than in the past…
German Chancellor Merz wants lower tariffs, open markets ‘best’ for mutual wealth
German Chancellor Friedrich Merz said President Donald Trump's tariffs are threatening his economy, adding that…
US job cuts up 47% in May, DOGE remains leading cause of layoffs
Layoffs of U.S. workers were nearly 50% higher in May than they were a year…
ECB cuts interest rates, keeps options open
The European Central Bank cut interest rates as expected on Thursday and kept all options…
Economists warn $4 trillion tax hike looms if 2017 tax cuts expire
A group of more than 300 economists on Thursday sent a letter to President Donald Trump…
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