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By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) – The dollar dropped to a three-week low on Tuesday on news of the smallest annual increase in inflation last month in more than two years, cementing expectations that the Federal Reserve will pause interest rate hikes at its two-day meeting ending on Wednesday.…
By Duncan Miriri and George Obulutsa NAIROBI (Reuters) -Kenya’s finance minister on Thursday said the government will pay all debts when they fall due, and cut the budget deficit for the fiscal year starting next month to 4.4% from an estimated 5.8% in this financial year. In a budget speech…
The latest Tesla (TSLA) production and delivery data is out, and it is far below expectations. This is what the numbers mean for investors. Tesla built 1.37 million electric vehicles during 2022, a significant miss to its internal target of 50% growth. Worldwide deliveries during the quarter also fell short…
UnitedHealth stock (NYSE: UNH) currently trades at $460 per share, roughly 25% above its level in March 2021, and it still has the potential for sizable gains. UNH saw its stock trading at around $514 in late June 2022, just before the Fed started increasing rates, and is now 10%…
Recently, 59% of small businesses reported being in fair or poor financial condition, according to the Federal Reserve Banks’ Small Business Credit Survey. Despite the economic environment, my financial education company just crossed more than $500,000 in revenue with upgraded services I originally offered for free. Here are five tips…
The Federal Reserve ended its long streak of interest rate hikes this week, but the much-anticipated pause may offer little reprieve to Americans squeezed by higher borrowing costs. The widely expected decision Wednesday left interest rates unchanged at a range of 5% to 5.25%, the highest level since 2007. But policymakers…
Stock futures ticked lower on Monday evening as investors looked ahead to a holiday-shortened week of trading.Futures tied to the Dow Jones Industrial Average slipped 93 points, or 0.3%, while S&P 500 futures pulled back 0.2%. Nasdaq 100 futures declined 0.18%.Markets were closed for the regular trading session Monday due…
Many workers keep mum about these trips to fend off productivity concerns and tax ramification questions from their employers.But others told CNBC Travel they stay quiet for different reasons. Each asked CNBC to refrain from publishing their full names to prevent being identified by their employers.Avoiding the ‘hassle’ of company…
A prominent vaccine scientist said he was accosted outside of his home after a Twitter exchange with podcaster Joe Rogan, who challenged him to debate Robert F. Kennedy, Jr. over the weekend. “I just was stalked in front of my home by a couple of antivaxers taunting me to debate…
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