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Economy
Avelo Airlines closing West Coast base at Hollywood Burbank Airport
Avelo Airlines, a budget carrier based in Texas, on Monday said it will shut down…
Elon Musk calls massive Starship explosion in Texas ‘just a scratch’
SpaceX's Starship exploded Wednesday night during a test at SpaceX's Starbase in Boca Chica, Texas.Ā …
Kansas City Fed’s Schmid favors keeping interest rates steady
A member of theĀ Federal Reserve panel that makes decisions about monetary policy said that he…
Bessent rejects suspending monthly jobs reports amid data concerns
Treasury Secretary Scott Bessent on Wednesday said that he doesn't think the Bureau of Labor…
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
PresidentĀ 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…
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