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Finance
Fed officials in December saw rate cuts likely, but path highly uncertain, minutes show
Federal Reserve officials in December concluded that interest rate cuts are likely in 2024, though they appeared to provide little in the way of when that might occur, according to…
Stocks making the biggest moves midday: Xerox, SoFi, Charles Schwab and more
Check out the companies making headlines in midday trading. Xerox — Xerox shares sank more than 9% after the digital printing company announced plans to cut 15% of its workforce in…
GM’s 2023 U.S. vehicle sales were its best since 2019
The 2024 Buick Envista.GMDETROIT — General Motors' U.S. vehicle sales increased 14.1% last year to represent the automaker's best year since 2019, prior to the effects of the…
Job openings nudged lower in November, down to 1.4 per available worker
Rail workers await the arrival of U.S. President Joe Biden to speak at the Baltimore and Potomac (B&P) Tunnel North Portal on January 30, 2023 in Baltimore, Maryland. The…
Bitcoin drops 6%, giving back all of its new year gains as traders stay on ETF watch
Bitcoin tumbled on Wednesday, giving back all of its gains from the rally earlier this week.The price of bitcoin was last lower by 6% at $42,159.37, according to Coin Metrics. On…
Fed’s Barkin sees likely soft landing ahead but notes rate hikes still a possibility
Federal Reserve Bank of Richmond President Thomas Barkin poses during a break at a Dallas Fed conference on technology in Dallas, Texas, May 23, 2019.Ann Saphir | ReutersRichmond…
Mortgage demand down 9.4% for final week of 2023, despite recent drop in interest rates
A "For Sale" sign sits in front of a new home May 27, 2004 in Miami, Florida.Joe Raedle | Getty ImagesMortgage demand ended 2023 on a sour note, despite a sharp drop in mortgage…
Latest news on Russia and the war in Ukraine
Belgorod, Sevastopol attacked overnight, Russian officials sayRussian officials said Ukraine attacked the Russian city of Belgorod overnight, as well as the port city of Sevastopol…
Why foreign workers are flocking to this 700-year-old European city
When Ricardo Schmitz's brother was visiting him in Vilnius, Lithuania, the pair went for a wintertime walk at midnight — something he said they would never do back home in Brazil.…
‘Big Short’ investor Steve Eisman worries ‘everybody is coming into the year feeling too good,’…
Investor Steve Eisman of "The Big Short" fame is questioning the level of bullishness on Wall Street — even with the market's tepid start to the year.From enthusiasm surrounding…