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Economy
Fed cuts rates 25 basis points with mixed impact on borrowers and savers
The Federal Reserve on Wednesday cut its benchmark interest rate by 25 basis points in…
Guzman y Gomez permanently closes all 8 US restaurants in Chicago area
Guzman y Gomez Mexican Kitchen, an Australian-born Chipotle rival that once planned to open hundreds…
Philadelphia voters approve first city-run retirement savings program in US
Voters in Philadelphia passed a ballot measure on Tuesday that will create the country's first…
Mortgage rates rise to 6.51%: Freddie Mac
Mortgage rates jumped this week, mortgage buyer Freddie Mac said Thursday. Freddie Mac's latest Primary…
Fed minutes reveal policymakers worried about Iran war energy price impact
Federal Reserve policymakers were concerned about high energy prices contributing to inflationary pressures in the…
US federal deficit projected to hit $2 trillion in fiscal year 2026
The federal government is projected to run a budget deficit of at least $2 trillion…
California small businesses are trapped in a costly, ‘vicious cycle,’ local leaders say
For 25 years, Mike Georgopoulos — better known to his friends as "Mikey G" —…
New York commuter rail strike ending after MTA, unions reach agreement
New York Gov. Kathy Hochul announced Monday that the Long Island Rail Road (LIRR) strike…
Gen Z more financially independent as saving rates rise, study finds
Young Americans are working to save money for their future goals and retirement despite housing…
These 5 cities offer retirees affordability and quality of life
Americans looking to retire this year may be considering relocating to a new city that…
Long Island Rail Road strike halts service for 300,000 commuters ahead of Memorial Day
Thousands of Long Island Rail Road workers are officially on strike as of midnight Saturday,…
Amazon faces class action lawsuit over unreturned tariff costs to consumers
Amazon is facing a new class action lawsuit accusing the company of failing to refund…
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