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‘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...
Read moreBoeing’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....
Read moreU.S. stocks close higher, bouncing back from deep sell-off
Stock indexes had a mild rebound following a significant sell-off Monday that resulted in the market’s worst day in almost...
Read moreDisney raises streaming prices for Hulu, Disney+ and ESPN+
Disney is raising prices on its streaming platforms. Starting mid-October, most plans for Disney+, Hulu and ESPN+ will cost $1 to...
Read moreFord turns ‘dirty’ business into a profit driver. GM and Stellantis are taking notice.
DETROIT — A once “dirty” word, and business, in the automotive industry has become a multibillion-dollar battleground for U.S. automakers,...
Read moreAmericans who moved abroad say this big expense isn’t worth it
Alex Ingrim knows a lot about how to move to a new country. He was studying in San Diego when a...
Read moreWeekly mortgage refinance demand soars 16% as rates sink to lowest level in over a year
Mortgage interest rates dropped last week to the lowest level since May 2023, causing a surge in mortgage demand from...
Read moreMicrosoft fires back at Delta after massive outage, says airline declined ‘repeated’ offers for help
Microsoft fired back at Delta Air Lines on Tuesday accusing the carrier of not modernizing its technology before it canceled thousands of flights in the...
Read moreMarkets are counting on the Fed to head off recession with sizable interest rate cuts
In the market’s eyes, the Federal Reserve finds itself either poised to head off a recession or doomed to repeat...
Read moreJPMorgan Chase is opening more small-town branches in middle America
Three years ago, JPMorgan Chase became the first bank with a branch in all 48 contiguous states. Now, the firm is expanding,...
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Spirit Airlines, fresh from bankruptcy, is ready to take on the new Southwest, CEO says
Spirit Airlines is out of bankruptcy, hitting its target to emerge in the first quarter, after a crippling few years. CEO Ted...
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Donatella Versace steps down as head of Italian fashion house
Donatella Versace announced Thursday that she is stepping down as chief creative officer of Versace, ending her nearly 30-year-long stint at...
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Dollar General CEO warns consumers are cash-strapped and says 2025 won’t be better
Dollar General CEO Todd Vasos said on Thursday that inflation continues to hurt the discounter’s customers and that the macroeconomic environment...
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Chuck Schumer will vote to keep government open: ‘For Donald Trump, a shutdown would be a gift’
Senate Minority Leader Chuck Schumer, D-N.Y., says he will vote to keep the government open, warning that a shutdown has...
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