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Weekly applications for U.S. jobless benefits fall to the lowest level in 4 months

September 19, 2024, 9:31am Business

The number of Americans applying for unemployment benefits fell to their lowest level in four months last week. Read story

FILE - A housing development in Cranberry Township, Pa., is shown on March 29, 2024. (AP Photo/Gene J.

U.S. home sales fell in August despite easing mortgage rates, more homes on the market

FILE - A housing development in Cranberry Township, Pa., is shown on March 29, 2024. (AP Photo/Gene J.

September 19, 2024, 9:29am Business

Sales of previously occupied U.S. homes fell in August to the slowest annual pace in nearly a year even as mortgage rates eased and the supply of properties on the market continued to rise. Read story

FILE - An electric vehicle charging station is seen May 9, 2024, in San Antonio.

Treasury rule would expand tax credits for installing electric vehicle chargers

FILE - An electric vehicle charging station is seen May 9, 2024, in San Antonio.

September 18, 2024, 4:00pm Business

The Biden administration is moving to clarify how homeowners and businesses can receive lucrative tax credits for installing electric vehicle chargers. Read story

Teamsters union declines to endorse Trump or Harris for president

September 18, 2024, 1:39pm Business

The International Brotherhood of Teamsters declined Wednesday to endorse Kamala Harris or Donald Trump for president, saying neither candidate had sufficient support from the 1.3 million-member union. Read story

Boeing CEO says the company will begin furloughs soon to save cash during labor strike

September 18, 2024, 11:00am Business

Boeing’s CEO said Wednesday that the company will begin furloughing “a large number” of employees to conserve cash during the strike by union machinists that began last week. Read story

FILE -  Colorful Tupperware products are seen in Bellflower, Calif. on Aug. 5, 2011.

Iconic Tupperware Brands seeks Chapter 11 bankruptcy

FILE -  Colorful Tupperware products are seen in Bellflower, Calif. on Aug. 5, 2011.

September 18, 2024, 9:27am Business

Tupperware Brands, the company that revolutionized food storage decades ago, has filed for Chapter 11 bankruptcy protection. Read story

Federal Reserve cuts key rate by sizable half-point, signaling end to its inflation fight

September 18, 2024, 9:25am Business

The Federal Reserve on Wednesday cut its benchmark interest rate by an unusually large half-point, a dramatic shift after more than two years of high rates helped tame inflation but that also made borrowing painfully expensive for American consumers. Read story

Stock market today: Most of Wall Street edges lower after Fed delivers a big cut to rates

September 18, 2024, 9:20am Business

U.S. stock indexes edged lower Wednesday after the Federal Reserve kicked off its efforts to prevent a recession with a bigger-than-usual cut to interest rates. Read story