Consumers in the market for a home have been patiently waiting for the Federal Reserve to cut interest rates — a move it seems poised to make in September. But without action from Congress, there could be another change…
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Business
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At least 551 people were likely sickened by cucumbers tainted with Salmonella bacteria, the U.S. Centers for Disease Control and Prevention said — with 155 hospitalized. But in an update posted Thursday, the CDC declared the…
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Customers have come to expect when they order something online, it arrives in two days or less. But with increasing adverse weather events like Houston’s heatwaves, Florida’s hurricanes and other extreme storms, it’s getting harder to ensure fast…
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Business
Restaurants fight back against the FTC crackdown on ‘junk fees’ as diners balk at new charges
Lawmakers want to crack down on “junk fees,” but restaurants are trying to stay out of the fight. Surcharges or fees covering everything from credit card processing to gratuities to “inflation” have become more popular…
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Researchers have begun measuring the impact of legalized sports gambling on American households, and the initial results paint a worrisome picture about how its expansion has affected bettors’ finances. In separate papers released this month, academics…
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Edgar Bronfman Jr.’s offer for a controlling stake in Paramount Global could keep Shari Redstone close to the company, if his bid is successful. Bronfman is open to having Redstone, currently non-executive chairman at Paramount, remain involved…
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Microsoft said Friday it will hold a conference in September for cybersecurity firms to discuss ways the industry can evolve following a faulty CrowdStrike software update that caused millions of Windows computers to crash in July. The incident…
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Business
How investors can prepare for lower interest rates: It’s ‘like getting a haircut,’ advisor says
Federal Reserve chair Jerome Powell on Friday gave the clearest indication yet that the central bank is likely to start cutting interest rates, which are currently at their highest level in two decades. If a rate cut comes in September,…
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Federal Reserve Chair Jay Powell said Friday he expects the central bank will cut its key interest rate in the near future in response to slower economic growth and cooling inflation. At a speech during…
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The Department of Justice and eight states on Friday accused software company RealPage of unlawfully scheming to undermine competition among landlords and create a monopoly that harms millions of renters. RealPage “allows landlords to manipulate, distort, and…