Business
Pending home sales in April slump to lowest level since the start of the pandemic
Signed sales contracts on existing homes dropped 7.7% in April compared to March, the slowest pace since April 2020, according...
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N.Y. Fed President John Williams says inflation is too high but will start coming down soon
New York Federal Reserve President John Williams on Thursday said inflation is still too high, but he is confident it...
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Tesla to recall 125,227 vehicles over faulty seat belt warning system
Tesla is recalling 125,227 vehicles in the United States due to a malfunction in its seat belt warning system that can...
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It was a strong week for retail earnings. That doesn’t spell a consumer comeback
Retail’s biggest winners during first-quarter earnings aren’t thriving because consumers are suddenly spending more on discretionary goods — it’s because they’re executing...
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Bank of America CEO says U.S. consumers and businesses have turned cautious on spending
U.S. consumers and businesses alike have turned cautious about spending this year because of elevated inflation and interest rates, according...
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McDonald’s exec says average menu item costs 40% more than in 2019
A top McDonald’s executive is weighing in on claims that the company has jacked up its prices. Joe Erlinger, president of McDonald’s...
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Nissan issues ‘do not drive’ warning for 84,000 older-model vehicles over Takata air bags
Nissan has issued a ‘do not drive’ warning for about 84,000 older-model vehicles because they carry recalled Takata-made airbags. The...
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Orange juice prices are going through the roof — forcing some makers to consider alternative fruits
Orange juice prices have climbed to fresh all-time highs amid persistent supply constraints, pushing the industry into crisis mode and forcing...
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IRS announces Direct File as permanent free tax-filing option starting next year
The Internal Revenue Service announced Thursday that its experimental Direct File free tax-filing option for simplified tax returns would become...
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Walgreens announces price cuts on 1,300 items amid ongoing consumer spending fatigue
Walgreens announced Wednesday it would continue to cut prices on 1,300 items — making it the latest company to pivot...
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