Month: August 2022
Home prices cooled at a record pace in June, according to housing data firm
A sign is posted in front of a home for sale on July 14, 2022 in San Francisco, California. The number of homes for sale in the U.S. increased by 2 percent in June for the first time since 2019. Justin Sullivan | Getty Images Rising mortgage rates and inflation in the wider economy caused […]
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Biden administration faces midnight court deadline to defend $350 billion of Trump’s China tariffs
WASHINGTON — The Biden administration faces a legal deadline at midnight to defend former President Donald Trump’s China tariffs, even as the White House considers scaling them back to lower consumer prices and ease inflation. Scores of companies sued the Trump administration in September 2020, arguing the process of implementing a third and fourth tranche […]
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Stocks making the biggest moves after hours: Pinterest, Simon Property Group, Avis Budget and more
Check out the companies making headlines after the bell: Pinterest — Shares of the image-sharing company popped more than 19% despite a miss on the top and bottom lines as activist investor Elliott Management revealed it is now the largest investor. The company also beat monthly active user estimates. Simon Property Group — Simon Property’s […]
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Family Dollar hit with $1.2 million in OSHA fines for violations at 2 Ohio stores
A vehicle drives through the parking lot outside a Family Dollar Stores Inc. store in Chicago, Illinois, on Tuesday, March 3, 2020. Daniel Acker | Bloomberg | Getty Images Federal regulators have fined Family Dollar more than $1.2 million in penalties related to safety violations at two Ohio stores, the Department of Labor’s Occupational Safety […]
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Koch network pressures Sens. Manchin, Sinema to oppose $739 billion tax-and-spending bill
Sen. Kyrsten Sinema, D-Ariz., and Sen. Joe Manchin, D-W.Va., board an elevator after a private meeting between the two of them on Capitol Hill on Thursday, Sept. 30, 2021 in Washington, DC. Jabin Botsford | The Washington Post | Getty Images The political network backed by billionaire Charles Koch launched an ad blitz targeting Sens. […]
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Pinterest climbs on user numbers and Elliott investment even as financials disappoint
A woman walks past sign at the headquarters of Pinterest in the South of Market neighborhood of San Francisco. Smith Collection | Gado | Archive Photos | Getty Images Pinterest shares jumped on better-than-expected user numbers even as earnings and revenue missed estimates and the company gave weak guidance for the third quarter. Activist investor Elliott […]
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Capitol rioter Guy Reffitt gets longest Jan. 6 sentence, but no terrorism enhancement
A Donald Trump fan from Texas who attempted to storm the U.S. Capitol while armed with a gun was sentenced to more than 7 years in prison on Monday after a judge denied the Justice Department’s request for a “terrorism enhancement” that would have resulted in a lengthier prison sentence. Guy Reffitt was the first Jan. 6 defendant to go […]
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Ford stock notches its best month since the Great Recession – and keeps rising
2023 Ford F-150 Raptor R Ford DETROIT – Ford Motor’s stock on Monday added to its best month since the Great Recession in 2009, signaling a significant swing for the automaker this year. Shares of the Detroit automaker closed Monday at $15.34, up 4.4%. The gains added to the stock increasing by 31.9% in July […]
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Man accused of duping Secret Service by posing as Homeland Security agent pleads guilty
One of two men accused of impersonating federal law enforcement officials in a scheme that duped Secret Service agents and others pleaded guilty Monday to multiple charges in Washington, D.C. Arian Taherzadeh’s plea came nearly four months after his arrest with a second man, Haider Ali, exposed allegations that they compromised Secret Service agents with […]
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Apollo-led investment group in talks to buy Atlas Air
A Boeing 747 cargo freighter belonging to Atlas Air. S3studio | Getty Images An investment group led by Apollo Global Management Inc is in advanced talks to buy air-freight company Atlas Air Worldwide Holdings Inc, a person familiar with the matter told Reuters. No deal has been reached and details of the transaction, including the […]
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