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Economy

Here’s why banks don’t want the CFPB to disappear

For years, American financial companies have fought the Consumer Financial Protection Bureau — the chief U.S. consumer finance watchdog — in the courts and media, portraying the agency as illegitimate…

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Economy

Trump Organization sues Capital One bank over account closures after Jan. 6 Capitol riot

The Trump Organization sued Capital One in Florida on Friday for allegedly “unjustifiably” closing more than 300 of the company’s bank accounts on the heels of the Jan. 6, 2021, riot at the U.S. Capitol by a…

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Economy

Tesla shares plunge 15%, steepest drop in five years

Tesla’s selloff on Wall Street intensified on Monday, with shares of the electric vehicle maker plunging 15%, their worst day on the market since September 2020. On Friday, Tesla wrapped up a seventh…

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Economy

Rules for repaying Social Security benefits are about to get stricter. Here’s what to know.

If you receive more Social Security benefits than you are owed, you may face a 100% default withholding rate from your monthly checks once a new policy goes into effect. The…

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Economy

Applebee’s owner Dine Brands to lean on value, marketing to reverse sales declines

Dine Brands hopes to boost sales this year with a wider swath of value meals and buzzier advertising after a rough 2024 for Applebee’s and IHOP. “We had a soft year…

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Economy

Walgreens to go private in roughly $10 billion deal

Struggling drugstore chain Walgreens is going private. The company on Thursday said it inked a deal with private equity firm Sycamore Partners that will take it off the public market for an equity value…

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Economy

Rare Michael Jordan, Kobe Bryant rookie jerseys expected to sell for $20 million at auction

Rare pieces of memorabilia from two of the National Basketball Association’s biggest icons are hitting the auction block and are expected to sell for a combined $20 million. Sotheby’s announced…

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Economy

Macy’s turnaround hinges on revamping some stores and closing others. It appears to be working.

Macy’s delivered another quarter of mixed results on Thursday as investors wait and see how quickly CEO Tony Spring can pull off a turnaround of the business with yet another activist investor looking to…

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Economy

Macy’s turnaround hinges on revamping some stores and closing others. It appears to be working

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Economy

Trump could scale back Canada, Mexico tariffs Wednesday, Lutnick says

President Donald Trump will “probably” announce tariff compromise deals with Canada and Mexico soon, Commerce Secretary Howard Lutnick said Tuesday. The potential agreements would likely involve scaling back at least part of…

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