Economic News
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Bridgestone announces a tire plant closure in Tennessee with 700 layoffs and other reductions.
Tire manufacturer Bridgestone Americas is closing its LaVergne, Tennessee, plant and laying off 700 workers there
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5 economic forces that could shape the first year of Trump's presidency
Like most presidents, Donald Trump faces an economy that seldom bends to political ambitions
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Next week: General Motors earnings, Fed policy meeting and the government's first Q4 GDP estimate
General Motors reports its fourth-quarter financial results on Tuesday, The Federal Reserve wraps up its two-day policy meeting on Wednesday and on Thursday the Commerce Department issues its first estimate of how the U.S. economy performed in the final quarter of 2024
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Utah Republicans take aim at teachers unions amid political clash over education
Utah lawmakers have advanced a bill that experts say would establish one of the most restrictive labor laws in the country
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The Bank of Japan raises its key interest rate to about 0.5%, citing stronger wages and inflation
The Bank of Japan raises its key interest rate to about 0.5%, citing stronger wages and inflation
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Trudeau says Americans will pay more whenever Trump decides to impose tariffs on Canada
Outgoing Canadian Prime Minister Justin Trudeau says prices for Americans will go up if President Donald Trump follows through with his vow to apply sweeping tariffs on Canadian products
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Union Pacific and CSX both deliver solid results while preparing for possible impact of tariffs
Both Union Pacific and CSX delivered solid results in the fourth quarter as the railroads prepared to deal with whatever challenges President Donald Trump's administration or the economy might present this year
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Boeing took nearly $3 billion hit in Q4 related to strike, layoffs and troubled government programs
Boeing Co. said it incurred nearly $3 billion worth of charges in the fourth quarter of 2024 due to a lengthy labor stoppage, job cuts and problems with a number of government programs
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Trump says he will 'demand' that interest rates come down, but it won't be that simple
President Donald Trump has pledged cheaper prices and lower interest rates, but an economy transformed by the pandemic will make those promises difficult to keep
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Purdue Pharma and owners to pay $7.4 billion in settlement of lawsuits over the toll of OxyContin
Members of the Sackler family who own OxyContin maker Purdue Pharma, and the company itself, agreed to pay up to $7.4 billion to settle lawsuits over the toll of the powerful prescription painkiller
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