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Record Beef Prices Raise Memorial Day Cookout Costs
Beef prices set records last month at U.S. grocery stores, and economists expect they will climb further as demand increases during the summer grilling season that traditionally begins with cookouts on Memorial Day on Monday.
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US Equity Funds Face Outflows on Debt Concerns
U.S. equity funds saw huge outflows in the week ended May 21, as Treasury yields surged on fears President Donald Trump's proposed tax-cut bill could add trillions to U.S. debt if passed by Congress.
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New COVID Variant Showing at US Airports
Multiple cases involving a new COVID-19 variant driving disease numbers higher in Asia have been reported in international travelers arriving in California, Virginia, Washington state, and the New York City areas, the CDC's airport screening program has revealed...
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Emerging Market Equity Funds Lure Investors Fleeing Overvalued US Assets
Emerging market equity funds are leading the global performance this year, bolstered by attractive valuations, years of under-positioning by investors and an easing of economic pressures after U.S. President Donald Trump's pause on tariffs.
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Volvo CEO: Customers Must Pay Large Part of Tariffs
Volvo Cars CEO Hakan Samuelsson told Reuters Friday the company's customers would have to pay a large part of tariff-related cost increases.
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Homeowners Spending on Renovations, Repairs
U.S. homeowners are spending more on home renovation projects, bucking a broader pullback by consumers amid diminished confidence in the economy.
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Tariff-Fogged Markets Leave Investors Flying Blind
Global investors admit to flying blind in markets roiled by erratic U.S. trade rhetoric and chaotic economic forecasting, stressing that placing long-term bets was harder now than at any time since the 2020 COVID-19 crisis.
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Memorial Day Travel Rush Is Off to an Early Start
People began loading up their cars and jumping on planes across the U.S. Thursday as the long Memorial Day weekend kicked off.
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House Bill Includes Enhanced Deduction for Seniors
House Republicans delivered on fulfilling President Donald Trump's desire for no taxes on Social Security benefits … sort of.
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Bullion vs. Banks: Who Do You Trust?
Two years ago, we saw the dramatic collapse of Silicon Valley Bank (SVB) and First Republic. Since then, the banking sector hasn't found its footing. In fact, the problems that triggered the 2023 banking crisis are still lurking beneath the surface, waiting for the next...
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Crypto's Role in 2026 Senate Races Is Expanding Fast
Digital asset leaders have changed how they approach power in Washington. The focus has moved from passive concern to direct influence.
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April Home Sales Slow on High Mortgages, Prices
Sales of previously occupied U.S. homes fell in April, as elevated mortgage rates and rising prices discouraged prospective homebuyers during what's traditionally the busiest time of the year for the housing market.
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JP Morgan: Real Earnings Stall Across Age, Income
Inflation-adjusted earnings stalled across age and income groups over the past year, while the sometimes rapid wage gains of the COVID-19 era have left workers as a whole little better off five years later, a JPMorganChase Institute study concluded.
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Prices for New US Drugs Doubled in 4 Years
U.S. prices for newly-launched pharmaceuticals more than doubled last year compared to 2021, as companies leveraged scientific advances to develop more therapies for rare diseases, which typically command high prices, a Reuters analysis found.
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Bitcoin Surges to All-Time High of $111K
Bitcoin rose to its highest level on record Wednesday, eclipsing the previous high from January, as risk sentiment continues to improve after last month's tariff-induced selloff.
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Nike to Hike Prices up to $10 Due to Trump Tariffs
Nike announced it will be raising prices for apparel and equipment sourced from overseas in response to President Donald Trump's tariffs.
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Microsoft Saves 400K Windows Computers From Malware
Microsoft said Wednesday its Digital Crimes Unit (DCU) filed a legal action against Lumma Stealer last week, after it found nearly 400,000 Windows computers globally infected by the information-stealing malware in the past two months.
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Shopify AI Tool Can Build Complete Online Stores
Shopify Wednesday rolled out a generative artificial intelligence feature that would allow merchants on its e-commerce platform to set up their online stores by entering descriptive keywords.
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Biden Policies Continue to Raise Drug Prices & Hurt Patients
When government agencies are guided more by politics than policy, the result is often higher costs, reduced access, and unintended harm to the very people they claim to protect.
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'No Tax on Tips' Bill Clears Senate
The Senate on Tuesday voted unanimously to approve the No Tax on Tips Act.
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Gas Prices Dip to $3.08/gallon for Memorial Day
Americans hitting the road this Memorial Day weekend will find some financial relief at the pump, with gas prices expected to hit their lowest inflation-adjusted levels since 2021, according to new data released Tuesday, The Hill reported.
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'Hands Off Social Security' No Cure for Its Ills
Social Security taxes are on President Trump’s agenda for elimination. Remember, today, at certain levels of income, 85% of Social Security benefits are subject to taxation at the taxpayer’s usual federal income tax rate.
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Southwest Airlines to Require Chargers Be Kept Out Due to Fire Risk
Passengers on Southwest Airlines flights will soon be required to keep their portable chargers in plain sight while using them because of concerns about the growing number of lithium battery fires in a new policy that other airlines may adopt.
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Google Unleashes 'AI Mode'
Google Tuesday unleashed another wave of artificial intelligence technology to accelerate a year-long makeover of its search engine that is changing the way people get information and curtailing the flow of internet traffic to websites.
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FDA to Limit COVID Vaccines to Over 64, High Risk
Annual COVID-19 shots for healthy younger adults and children will no longer be routinely approved under a major new policy shift unveiled Tuesday by the Trump administration. Top officials for the Food and Drug Administration laid out new requirements for yearly updates to...