The Federal Reserve is gearing up to cut interest rates as soon as next month, which could bring relief to…
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Business
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BusinessEditor's Pick
Stellantis laying off 2,450 plant workers due to discontinuation of Ram ‘Classic’ pickup truck
DETROIT — Automaker Stellantis plans to indefinitely lay off up to 2,450 U.S. factory workers later this year as it discontinues production…
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After years of starts and stops at the box office, Disney appears to have hit a groove in 2024. Its latest Pixar…
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Delta Air Lines on Thursday said last month’s CrowdStrike outage and subsequent mass flight cancellations cost it some $550 million and reiterated that…
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BusinessEditor's Pick
Amazon’s $4 billion investment in AI firm Anthropic faces U.K. merger investigation
LONDON — E-commerce giant Amazon’s multibillion-dollar investment in the U.S. artificial intelligence firm Anthropic is formally being investigated by a U.K. competition regulator.…
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BusinessEditor's Pick
Boeing’s new outsider CEO Ortberg takes the helm, this time from the factory floor
Aerospace veteran Robert “Kelly” Ortberg becomes Boeing’s new CEO on Thursday with a singular mission: restoring the reputation of a U.S. manufacturing icon.…
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BusinessEditor's Pick
‘People are stretched’: Average consumer now carries $6,329 in credit card debt
Credit card debt is on the rise. Americans now owe a record $1.14 trillion on their credit cards, the Federal Reserve Bank of New…
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The days of sneaking into Costco with someone else’s card are coming to an end. The retailer is cracking down…
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The days of sneaking into Costco with someone else’s card are coming to an end. The retailer is cracking down…
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A particular type of retail fraud soars during the summer season. “Wardrobing,” in which a shopper buys an expensive item,…