Business
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Fed’s aggressive rate-hiking campaign results in record loss of $114B for 2023
Rising income expenses pushed the Federal Reserve system deep into a record loss last year, the central bank said in preliminary figures…
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Red Sea attacks hike shipping costs 600% risk prolonging inflation
Terror attacks on commercial vessels in the Red Sea have spiked shipping costs by more than 600% since the outbreak…
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Credit card delinquency soars above pre-pandemic level amid high interest rates, inflation
Credit card delinquencies surpassed pre-pandemic levels — and are approaching heights not seen in more than a decade — as…
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JPMorgan posts record profits for 2023 despite 15% drop in Q4
JPMorgan Chase posted a record annual profit — nearly $50 billion — despite taking a $3 billion hit in the fourth…
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World Economic Forum ditches Greta Thunberg for Sam Altman in push toward AI: sources
Goodbye, Greta – and hello, Sam. Those flying into next week’s World Economic Forum in Davos, Switzerland are quietly rejoicing…
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Goldman Sachs’ exclusive — and bloated — ‘management committee’ of top bankers can get even bigger: insiders
Goldman Sachs’ exclusive “management committee” of top bankers – which some critics say is already bloated — may soon swell…
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CVS closing pharmacies in Target in latest cost-cutting move
CVS Health said Thursday it will close some pharmacies that operate inside Target stores during the first several months of the year. The…
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Finance guru Grant Cardone slaps telecom big John Legere with $100M defamation suit
Former T-Mobile CEO John Legere has been slapped with a $100 million defamation suit for calling personal finance guru Grant…
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Fed’s Loretta Mester says March ‘probably’ too early for rate cut
The rocky path of inflation back to the Federal Reserve’s 2% target rate reflected in the latest Consumer Price Index figures…
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‘They prioritized DEI’ over safety
Elon Musk ripped Boeing over a filing that appeared to show the aeronautical giant two years ago began using diversity,…
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