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The new year witnessed a sluggish beginning for consumer spending in the United States, potentially a repercussion of an extensive holiday shopping season. The government reported on Thursday that household outlays grew by a meager 0.2% last month, marking the smallest increase in three months. This figure aligned with the expectations of economist…

Wilmington-based chemical company Chemours has announced a significant development in its leadership, revealing that President and CEO Mark Newman, Senior Vice President CFO Jonathan Lock, and Controller Camela Wisel have all been placed on administrative leave. This decision comes as part of an internal review initiated by the Audit Committee of t…

In an ongoing trend, mortgage rates have surged for the fourth consecutive week, edging closer to the 7% mark just as the peak homebuying season unfolds. According to data released by Freddie Mac on Thursday, the 30-year fixed-rate mortgage averaged 6.94% for the week ending February 29, a slight uptick from the previous week's 6.90%. Comparatively…

Newly released data on Thursday indicates that while rising prices persisted in January, inflation is on a somewhat erratic but downward trajectory, inching closer to the Federal Reserve's 2% target. According to the latest figures from the Commerce Department, the Personal Consumption Expenditures (PCE) price index rose by 2.4% for the 12 months e…

(Source-_uk.finance.yahoo) In a surprising turn of events, Oprah Winfrey has announced her departure from the board of Weight Watchers, a move that comes just months after she publicly disclosed her use of a weight-loss medication. Since joining the board in 2015, Oprah has been the face of the weight management company, playing a pivotal role i…

For veterans with dreams of entrepreneurship and business ownership, Warrior Rising emerges as a guiding force, offering support and resources to transform them into successful "Vetrepreneurs." Established in 2015 by veterans for veterans, this non-profit organization aims to create sustainable businesses, foster the employment of fellow American v…

The three-year Military Spouse Career Advancement Accounts Program (MSCAP) is spearheading a transformative initiative to address the employment challenges faced by military spouses. Designed to facilitate employment fellowships with participating companies, the program aims to offer full-time employment opportunities to military spouses after the …

After a prolonged wait spanning more than three decades, Japan's Nikkei 225 has finally surpassed its peak from 1989, marking a significant milestone for the country's equity market. According to Deutsche Bank analysts tracking 84 international equity benchmarks, Japan endured the lengthiest stretch without reaching a new high. This achievement, as…

In a continuation of a trend observed over the past three weeks, mortgage rates edged higher, moving closer to the significant 7% mark. Data released by Freddie Mac on Thursday revealed that the 30-year fixed-rate mortgage averaged 6.90% in the week ending February 22, marking an increase from the previous week's 6.77%. A year ago, the average 30-y…

In an earnings report that left investors and analysts with mixed sentiments, financial technology company Block (SQ) revealed its fourth-quarter adjusted earnings per share (EPS) at $0.45, falling significantly below Street expectations of $0.59. Despite this miss, net revenue of $5.77 billion aligned closely with estimates, showcasing a resilient…