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U.S. consumers and businesses alike have turned cautious about spending this year because of elevated inflation and interest rates, according to Bank of America CEO Brian Moynihan. Whether it’s households or small- to…

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Nissan issues ‘do not drive’ warning for 84,000 older-model vehicles over Takata air bags

May 31, 2024

Nissan has issued a ‘do not drive’ warning for about 84,000 older-model vehicles because they carry recalled Takata-made airbags. The warning affects certain model year 2002-2006 Nissan Sentra, 2002-2004 Nissan…

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McDonald’s exec says average menu item costs 40% more than in 2019

May 31, 2024

A top McDonald’s executive is weighing in on claims that the company has jacked up its prices. Joe Erlinger, president of McDonald’s USA, said in an open letter Wednesday that the average price of…

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Orange juice prices are going through the roof — forcing some makers to consider alternative fruits

May 31, 2024

Orange juice prices have climbed to fresh all-time highs amid persistent supply constraints, pushing the industry into crisis mode and forcing some makers to consider alternative fruits. Prices of the breakfast…

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IRS announces Direct File as permanent free tax-filing option starting next year

May 31, 2024

The Internal Revenue Service announced Thursday that its experimental Direct File free tax-filing option for simplified tax returns would become a permanent option starting next year. In a release, the…

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Inflation pressure lingering from pandemic is keeping Fed rate cuts on pause

May 30, 2024

WASHINGTON — Hopes for interest rate cuts this year by the Federal Reserve are steadily fading, with a stream of recent remarks by Fed officials underscoring their intention to keep…

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Walgreens announces price cuts on 1,300 items amid ongoing consumer spending fatigue

May 30, 2024

Walgreens announced Wednesday it would continue to cut prices on 1,300 items — making it the latest company to pivot to value amid signs U.S. consumers are experiencing spending fatigue.…

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Weekly mortgage demand drops to three-month low as rates begin climbing again

May 30, 2024

After a brief pullback during much of May, mortgage rates began rising again last week. That had an immediate impact on what had been several weeks of strengthening mortgage demand.…

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American Eagle profit soars, but sales grow slower than expected

May 30, 2024

American Eagle on Wednesday said it’s making gains in boosting profitability as it works to improve its product assortment and tweak operations. Still, its fiscal first-quarter sales came in weaker than…

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T-Mobile to acquire most of U.S. Cellular in $4.4 billion deal

May 30, 2024

Shares of U.S. Cellular popped nearly 6% Tuesday after T-Mobile announced that it plans to acquire most of the company, including the wireless operator’s stores, some of its spectrum assets and its customers in a…

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Popular Topics

Bank of America CEO says U.S. consumers and businesses have turned cautious on spending

Nissan issues ‘do not drive’ warning for 84,000 older-model vehicles over Takata air bags

McDonald’s exec says average menu item costs 40% more than in 2019

Orange juice prices are going through the roof — forcing some makers to consider alternative fruits

IRS announces Direct File as permanent free tax-filing option starting next year

Inflation pressure lingering from pandemic is keeping Fed rate cuts on pause

Walgreens announces price cuts on 1,300 items amid ongoing consumer spending fatigue

Weekly mortgage demand drops to three-month low as rates begin climbing again

American Eagle profit soars, but sales grow slower than expected

T-Mobile to acquire most of U.S. Cellular in $4.4 billion deal