Economic News
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The average 30-year US mortgage rate dips to 7.24%, the lowest level in more than a month.
The average long-term U.S. mortgage rate declined for the second straight week, falling to its lowest level in more than a month
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Strong growth and inflation paints mixed picture of economy days before midterm elections
The U.S. economy posted strong growth in the July-September quarter yet inflation remained stubbornly high last month, government reports showed Thursday, painting a mixed picture less than a week before midterm elections in which the uncomfortably high cost of living has become a central issue
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US economy grows at brisk 3.4% pace in third quarter on strong consumer spending and AI investment
The U.S. economy grew at a healthy 3.4% annual pace from July through September, accelerating from the second quarter on strong consumer spending and investment in artificial intelligence
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US unemployment claims slide to 194,000, the lowest since mid-July
The number of Americans applying for unemployment claims dipped last week to 194,000 — lowest since mid-July — as layoffs remain low and most Americans enjoy job security
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Worker rights pioneer Dolores Huerta wanted others to feel seen
Dolores Huerta fought for causes even in her golden years, when many others would be enjoying retirement
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China's record-breaking exports of clean tech are making a big dent in emissions, report says
China is exporting a record amount of clean energy technology and that is making a dent in global emissions
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Volkswagen posts $6.5 billion quarterly loss as China slump, Porsche writedown weigh on bottom line
Volkswagen has posted a $6.5 billion after-tax loss for the July-September quarter
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FTC orders Walmart, Delta and others to share how they use personal data to set prices and pay
The U.S. Federal Trade Commission is ordering Delta Air Lines, Walmart and other companies to provide detailed information on how they use consumers’ data when they are setting prices
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Federal Reserve keeps rates unchanged despite elevated inflation
The Federal Reserve kept its key rate unchanged Wednesday at about 3.9% despite stubbornly high inflation, while providing little hint about its next moves
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Wendy's, struggling with beef prices and growing competition, gets a buyout offer
Shares of Wendy’s jumped after noted investor Nelson Peltz made an offer to buy the struggling burger chain
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