The latest retail sales report indicates that consumer spending slowed significantly in April, reversing a pre-tariff spending surge seen in March. Analysts attribute this decline to the impact […]
Economy
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UK Becomes Fastest-Growing G7 Economy After Strong First Quarter
LONDON — Official figures released Thursday indicate that the British economy grew at its fastest rate in a year during the first quarter of 2025, marking a significant […]
Economy
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Older Americans Face Student Loan Garnishment from Social Security
As the U.S. government resumes garnishing Social Security checks for defaulted student loans, older Americans are disproportionately affected. Many retirees, like Christine Farro, face financial hardship due to […]
Economy
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Signs of Job Market Deterioration Amid Economic Uncertainty
The U.S. job market is showing signs of deterioration, with declining job openings and rising unemployment rates. Although unemployment remains historically low, the pace of job growth is […]
Economy
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U.S. Department of Education to Garnish Wages of Defaulted Student Loan Borrowers
The U.S. Department of Education has announced plans to seize a portion of the earnings of millions of borrowers who are in default on their federal student loans. […]
Economy
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Vice Chair Jefferson Discusses Economic Outlook Amid Tariff Uncertainty
Vice Chair Philip Jefferson of the Federal Reserve delivered remarks on the current economic outlook, emphasizing the impact of recent tariff announcements and policy uncertainties. While the economy […]
Economy
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US Consumer Prices Rise Marginally Amid Tariff Uncertainty
U.S. consumer prices increased modestly in April, marking the smallest annual rise in four years. The Labor Department reported a 0.2% increase in the Consumer Price Index (CPI), […]
Economy
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Student Loan Delinquencies Rise as Credit Reporting Resumes
Delinquencies on student loans have surged as credit reporting activities restart. Borrowers in default may face reductions in Social Security benefits to as low as $750 as debt […]
Economy
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California Approves Temporary 17% Rate Increase for State Farm Homeowners’ Insurance
California has approved a temporary 17% rate increase for State Farm’s homeowners’ insurance policies following catastrophic fires. The state announced that the insurer can charge the higher rate […]
Economy
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China Deal May Lead to Interest Rate Cut
Jerome Powell might finally grant Trump his wish for lower interest rates thanks to the recent China deal. The agreement between the U.S. and China to temporarily reduce […]