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U.S. pending home sales rise 2.5% in December. Realtors say the housing market is in recovery mode.
The numbers: U.S. pending-home sales rose 2.5% in December, reversing a six-month losing streak, according to the monthly index released…
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S&P 500 nears first ‘golden cross’ in 2.5 years, but this doesn’t guarantee more gains ahead
The S&P 500 is on the verge of achieving its first “golden cross” in two-and-a-half years, but that doesn’t mean…
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FDA panel backs plan for annual COVID-19 booster, as new omicron subvariant continues to dominate in new cases
A Food and Drug Administration advisory panel voted unanimously Thursday for Americans to get a once-a-year booster against COVID-19, with…
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Biden taps Zients as White House chief of staff
President Joe Biden announced Jeff Zients on Friday as his next White House chief of staff, tapping an experienced technocrat…
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Inflation rate slows again to 15-month low, PCE shows, as U.S. economy weakens
The numbers: The cost of U.S. goods and services rose a scant 0.1% in December in yet another sign inflation…
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Bed Bath & Beyond stock plunges more than 20% after filing shows default on loans
Bed Bath & Beyond Inc. shares plunged more than 20% and were halted Thursday afternoon, after the retailer disclosed in…
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Intel stock drops nearly 10% after earnings miss, execs predict quarterly loss as data-center market shrinks
Intel Corp. shares dropped more than 9% in the extended session Thursday after the chip maker reported a big miss…
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U.S. economy grew a sturdy 2.9% at the end of 2022, GDP shows — but don’t look for a repeat soon
The numbers: The economy grew at a robust 2.9% annual pace in the fourth quarter, but the U.S. faces tough…
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U.S. durable-goods orders jump 5.6% — but the details paint a more dismal picture
The numbers: Orders for manufactured goods jumped 5.6% in December because of a flush of new contracts for Boeing passenger planes,…
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U.S. new home sales rise by 2.3%, despite broader sector weakness
The numbers: U.S. new home sales rose 2.3% to a seasonally-adjusted rate of 616,000 in December, from a revised 602,000…
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