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CrowdStrike Defeats Lawsuit Over Major Outage
A federal judge dismissed a lawsuit by CrowdStrike shareholders who said the cybersecurity company defrauded them by concealing its inadequate software testing and quality assurance procedures, before a July 2024 outage crashed more than 8 million Microsoft Windows-based...
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Medical Debt Linked to Rent, Mortgage Problems
People burdened with medical bills may also be more likely to struggle to keep a roof over their heads, a new study finds.
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2025 US Home Sales Stuck at 30-Year Low
The U.S. housing market slump dragged into its fourth year in 2025 as sales remained stuck at a 30-year low with rising home prices and elevated mortgage rates keeping many prospective home shoppers out of the market.
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US Existing Home Sales Accelerate in December
U.S. existing home sales accelerated in December, boosted by lower mortgage rates and slow growth in house prices.Home sales jumped 5.1% last month to a seasonally-adjusted annual rate of 4.35 million units, the National Association of Realtors said on Wednesday.Economists...
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Online Shopping Linked to Higher Stress Levels
Are you trying to lower your stress by scrolling eBay for rare finds, or shopping Amazon for bargainsYou might be barking up the wrong tree, a new study says.
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Wholesale Inflation Ticks up a Mild 0.2% in November
U.S. wholesale prices rose modestly in November, the government said in report delayed by the federal government shutdown.
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US Retail Sales Beat Expectations in November
U.S. retail sales increased more than expected in November as motor vehicle purchases rebounded and households increased spending elsewhere, pointing to solid economic growth in the fourth quarter.
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Free Starlink Service Helps Iran Protesters Bypass Blackout
Iranian demonstrators' ability to get details of bloody nationwide protests out to the world has been given a strong boost, with SpaceX's Starlink satellite internet service dropping its fees to allow more people to circumvent the Tehran government's strongest attempt ever...
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JPMorgan Profits Rise 9% in Q4 Excluding Apple Hit
JPMorgan Chase said Tuesday that its fourth-quarter profits rose 9% on an adjusted basis, as the bank continues to benefit broadly from a strong economy in both its consumer and investment banking divisions.
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Wells Fargo Profit Climbs on Interest Income Boost
Wells Fargo's profit rose in the fourth quarter as it earned more from interest payments.
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Bank of America Profit Climbs as Trading Surges
Bank of America's profit rose, as its traders brought in more revenue from spurred client activity in the fourth quarter due to increased volatility in the markets.
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Futures Edge Lower as BofA, Bank Earnings Roll In
U.S. stock index futures edged lower Wednesday as investors digested earnings from Bank of America and Wells Fargo, with retail sales and producer price data due later in the day poised to deliver a fresh read on the economy's pulse.
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Trump Takes on Cost-of-Living Crisis
President Trump's ideas to lower costs and boost spending power could reshape housing, energy, and finance.
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China's Trade Surplus Surges 20% to a Record $1.2T
China's trade surplus surged to a record of almost $1.2 trillion in 2025, the government said Wednesday, as exports to other countries made up for slowing shipments to the U.S. under President Donald Trump's onslaught of higher tariffs.
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Saks Global Files for Bankruptcy as it Prepares to Restructure
Luxury retailer Saks Global has filed for bankruptcy, preparing to reposition itself in the increasingly competitive upscale market after obtaining about $1.75 billion in financing commitments.
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Netflix Prepares All-Cash Offer for Warner Brothers
Netflix is reworking the terms of its proposed acquisition of Warner Bros. Discovery and has discussed switching to an all-cash offer for the company's studio and streaming assets, as it seeks to push the deal past mounting political and competitive resistance, Bloomberg...
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Trump Declares Funding Cuts to Sanctuary Cities
President Donald Trump said Tuesday that his administration will halt federal funding to cities and states that have declared themselves sanctuaries for illegal aliens beginning next month.
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Sources: US Seeks Warrants to Seize More Venezuela-Linked Oil Tankers
The U.S. government has filed for court warrants to seize dozens more tankers linked to the Venezuelan oil trade, four sources familiar with the matter said, as Washington consolidates control of oil shipments in and out of the South American country.
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Florida's Retirement Boom Is Now for the Rich
For decades, Florida was a place where retirement was within reach for almost anyone willing to trade snow for sunshine. That bargain is now breaking down.
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Stocks Fall With Banks Amid Credit Card Rate Plan
U.S. stocks ended lower on Tuesday, led by a drop in financial shares as comments from JPMorgan executives added to worries about U.S. President Donald Trump's recent proposal for a cap on credit-card rates.
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Trump: 'We Have a Real Stiff' Leading Fed
President Donald Trump criticized Federal Reserve Chair Jerome Powell on Tuesday during a speech at the Detroit Economic Club, accusing the central bank under Powell's leadership of maintaining elevated interest rates despite what Trump described as a growing economy.
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Panama Court Ruling on Canal Ports Looms as US-China Tensions Rise
A ruling expected soon from Panama's Supreme Court could determine who controls two major ports at either end of the Panama Canal, a decision carrying significant implications for U.S.-China competition and American strategic interests in the region.
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US Posts Record $145B Dec. Deficit as Outlays Outpace Receipts
The U.S. government posted a $145 billion budget deficit for December, up 67% or $58 billion from a year earlier due to record outlays that were inflated by calendar shifts in benefit payments and receipts, the Treasury Department said on Tuesday.
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Saks CEO Richard Baker Leaving After Just Two Weeks
Luxury retailer Saks Global's CEO Richard Baker is departing less than two weeks after taking over the top job, Bloomberg News reported Tuesday.
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Les Borsai: Dems Pushing to Slow Down CLARITY Act
Senate Democrats are pressing to slow down the "CLARITY Act" as disputes persist over stablecoin yields, decentralized finance, and which federal regulator should oversee crypto, Les Borsai, the co-founder of Wave Digital Assets, told Newsmax on Tuesday.