The Federal Reserve is raising its key interest rate by 0.25%, continuing on its crusade against inflation while warning that recent instability in…
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Business
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BusinessEditor's Pick
In the wake of bank meltdowns, the Fed draws accusations of lax oversight
by adminThe recent crashes of three U.S. lenders — Signature Bank, Silicon Valley Bank and Silvergate Bank — has slashed confidence in the nation’s banking…
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Amazon will lay off 9,000 more employees, CEO Andy Jassy said in a memo to staff on Monday. The cuts are on top of…
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New York Community Bank has agreed to buy a significant chunk of the failed Signature Bank in a $2.7 billion deal, the Federal…
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BusinessEditor's Pick
Home sales spike 14.5% in February as the median price drops for the first time in over a decade
by adminSales of previously owned homes rose 14.5% in February compared with January, according to a seasonally adjusted count by the National Association of Realtors.…