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PublishedMay 12, 2023
Biden nominates new Fed vice chair, Fed board member
Meanwhile, despite its moves, the central bank is grappling with rising interest rates, inflation and a shaky banking system.
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PublishedMay 12, 2023
California’s governor says state budget deficit has grown to nearly $32 billion
The state’s progressive tax code relies on wealthy taxpayers whose income is closely tied to the performance of the stock market.
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PublishedMay 12, 2023
United pilots picket for higher pay as pressure builds before summer travel season
Delta Air Lines reached a deal with its pilots earlier in 2023, which raised pay rates by 34% over four years.
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PublishedMay 5, 2023
Cinco de Mayo celebrates Mexican culture, not independence
The focus on drinking and eating brings criticism, as beer manufacturers and other marketers capitalize on the day’s festive nature.
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PublishedMay 5, 2023
FDA weighing 1st over-the-counter birth control pill
Advisers will meet next week to review drugmaker Perrigo’s application.
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PublishedMay 5, 2023
Wall Street sinks on worries about banks
Helping to support stocks is a largely better-than-feared earnings reporting season.
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PublishedMay 1, 2023
FDIC recommends raising deposit insurance for businesses
The hike would shore up accounts that pose the most risk to financial stability.
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PublishedMay 1, 2023
American Airlines pilots vote to authorize strike
The threat is intended to speed up contract talks that are now in their third year.
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PublishedMay 1, 2023
Yellen says U.S. could hit debt ceiling as soon as June 1
She urges Congress to address the $31.4 trillion limit on the U.S. legal borrowing authority.
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PublishedMay 1, 2023
Stocks stay steady despite bank failure
Meanwhile, most traders expect the Fed to raise the short-term rate by another quarter of a percentage point this week.
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