The Federal Reserve’s preferred inflation gauge rose to a new three-year high in May as gas prices peaked, a sign…
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US gas prices dip below $4 for the first time since March
U.S. gas prices are just barely below an average of $4 a gallon nationwide on Thursday, shortly after President Donald…
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Retail sales up 0.9% in May as the weather improved and gasoline prices cooled
NEW YORK — Shoppers increased their spending in May as temperatures warmed and gasoline prices cooled. Retail sales rose a…
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Higher prices for gas, groceries and flights will outlast the Iran war, experts say
NEW YORK — A tentative deal to end the Iran war makes it reasonable to ask how soon prices will…
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Macy’s raises annual outlook after the fourth straight quarter of sales gains
NEW YORK — Macy’s reported its fourth consecutive quarter of comparable sales gains as the department store said an overhaul…
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Trump is facing a new inflation warning from the bond market
WASHINGTON — The world is getting more uptight about lending money to President Donald Trump’s government — causing interest rates…
Read MoreOil giant BP ousts chairman over ‘conduct’
BP has ousted its chairman over what it called serious concerns related to “important governance standards, oversight and conduct.” The…
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Xi and Putin meet to reaffirm China-Russia ties days after Trump’s visit
BEIJING — Chinese leader Xi Jinping and Russian President Vladimir Putin hailed their high-level strategic ties and growing energy trade…
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