Business News
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Freddie Mac says the average rate on a 30-year mortgage fell to 6.20% this week, its lowest level since February 2023.
Freddie Mac says the average rate on a 30-year mortgage fell to 6.20% this week, its lowest level since February 2023.
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Norfolk Southern sets salary and bonus for newly promoted CEO after firing Alan Shaw
Norfolk Southern said Thursday that its new CEO’s salary will jump to $1 million now that Mark George has been promoted from chief financial officer, and he will be eligible for a $2.25 million bonus and significant stock awards for performance
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The Palestinian economy is in free fall and will require billions to rebuild, the UN says
The Palestinian economy is “in free fall,” with production in Gaza plunging to one-sixth of its level before Israeli forces began a blistering military response to the Oct. 7 attacks in the territory, the United Nations says
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US filings for unemployment benefits inch up slightly but remain historically low
Slightly more Americans filed for unemployment benefits last week, but layoffs remain at historically low levels despite two years of elevated interest rates
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Wholesale inflation mostly cooled last month in latest sign that price pressures are slowing
U.S. wholesale price increases mostly slowed last month, the latest evidence that inflation pressures are cooling enough for the Federal Reserve to begin cutting interest rates next week
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UAW's rift with Stellantis raises fear that some US auto jobs could vanish
U.S. autoworkers warn that a dispute between their union and Stellantis over delays in reopening a shuttered factory in Belvidere, Illinois, is much bigger than that one plant
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Early childhood development nonprofit Brilliant Detroit set to expand nationally
Brilliant Detroit, the early childhood education nonprofit that supports children in underserved communities “from belly to 8,” plans to expand its unique neighborhood-based holistic model beyond The Motor City
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Treasury proposes rule to prevent large corporations from evading income taxes
The Biden administration has proposed a new rule that would require the largest U.S. companies to pay at least 15% of their profits in taxes
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Slightly more Americans filed for unemployment benefits last week, but layoffs remain at historically low levels
Slightly more Americans filed for unemployment benefits last week, but layoffs remain at historically low levels
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Wholesale inflation cooled last month in latest sign that price pressures are slowing
Wholesale inflation cooled last month in latest sign that price pressures are slowing
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