Business News
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Wall Street muscles higher despite more swings for AI stocks
U.S. stock indexes muscled higher following a shaky day of trading
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US businessman whose firm invested in European soccer clubs pleads guilty to fraud
An American businessman whose firm invested in several European soccer clubs that struggled under its ownership has pleaded guilty to fraud charges in New York
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Saudi Arabia says it thwarted a missile strike on Medina, and other Middle East developments
The Saudi-led coalition says it has thwarted a missile attack on Medina, a holy city in Saudi Arabia
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Trump administration advances plan for peptide drugs favored by RFK Jr.
Federal health officials are moving ahead with plans to broaden access to a class of unproven injectable drugs called peptides
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A new Medicare season begins, but some shifts will arrive in 2027
Open enrollment for Medicare plans begins Thursday, allowing people to choose between traditional Medicare and Medicare Advantage plans until Dec. 7
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US consumers are muscling through higher prices, but for how long?
High gas prices are intensifying inflation and vacuuming up more of Americans’ dollars, yet consumers are still digging deep to spend, powering the economy, at least for now
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Average long-term US mortgage rate holds at 7.4%, remaining at highest level in nearly 3 years
Mortgage rates held steady this week, keeping the average long-term U.S. home loan rate at its highest level in nearly three years
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Wholesale inflation reaches levels last seen in 2022
Wholesale inflation rose more quickly than expected last month on a big jump in fuel costs, a sign that stubbornly rising prices remain an economic challenge for consumers and a political problem for Republicans in the midterm elections
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Retail sales up 0.8% in September, but a big chunk of spending went to paying gasoline bills
Shoppers showed their willingness to spend in September even after a better-than-expected splurge in August
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