Economic News
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Biden approval dips near lowest point: AP-NORC poll
Approval of President Joe Biden has dipped slightly since a month ago to 38%
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Credit Suisse deal averted crisis, Swiss central bank says
The Swiss central bank has hiked its key interest rate and declared that a government-orchestrated takeover of troubled Credit Suisse by rival bank UBS ended the financial turmoil
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US jobless claims inch down as labor market remains tight
The labor market continues to defy the Federal Reserve’s attempts at loosening it, with U.S. applications for unemployment benefits down again last week and remaining at historically low levels
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Bank of England hikes rates by quarter-point, following US Federal Reserve in focusing on inflation despite bank turmoil
Bank of England hikes rates by quarter-point, following US Federal Reserve in focusing on inflation despite bank turmoil
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Asian shares decline after Fed hints rate hikes may end soon
Asian shares are mostly lower after the Federal Reserve raised a key interest rate, while noting the end may be near for its economy-crunching rate hikes
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Starbucks workers protest before annual shareholder meeting
Starbucks workers and their supporters rallied outside the company’s Seattle headquarters Wednesday to protest what they describe as union-busting efforts by executives
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Fed raises key rate by quarter-point despite bank turmoil
The Federal Reserve extended its year-long fight against high inflation by raising its key interest rate by a quarter-point despite concerns that higher borrowing rates could worsen the turmoil that has gripped the banking system
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Americans' faith in banks low after failures: AP-NORC poll
Only 10% of U.S. adults say they have significant confidence in the nation’s banks and financial institutions, a new poll finds
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What the Fed rate increase means for your credit card bill
The Federal Reserve has raised its key rate by another quarter point, bringing it to the highest level in 15 years
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Credit card debt is at record high as Fed raises rates again
As the Federal Reserve raises interest rates again, credit card debt is already at a record high, and more people are carrying debt month to month
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