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White House officials reportedly say that each week of the shutdown will subtract 0.1 percentage point from growth — double the administration’s original estimate.
After many dips, the Dow was up about 1 percent Friday afternoon. Consumer confidence and spending are the latest mixed signals investors are struggling to sort out.
The U.S. Federal Reserve is raising the benchmark borrowing rate to a range of 2.25 percent and 2.50 percent, a move that would put it at the highest level in a decade
The First Lady’s office said on Tuesday Ricardel “no longer deserves the honor of serving in this White House.” She is headed to an unspecified role in the administration, the White House says.
Three companies — StarKist, Chicken of the Sea and Bumble Bee — are accused by the government of conspiring to keep their canned tuna prices high.
More than 1,000 documents were reportedly seized from the headquarters of Juul Labs in a surprise inspection on the manufacturer.