Willow Bay and Bob Iger will take a controlling stake in Angel City Football Club, the world’s most valuable women’s professional sports team. On Wednesday, Angel City of the National Women’s Soccer…
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John Deere to abandon pride festival sponsorships following online right-wing pressure campaign
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John Deere said Wednesday it would cease lending its name to social events like LGBTQ pride parades — the latest corporation to reassess its stance on hot-button social issues as…
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Willow Bay, Bob Iger to take controlling stake in NWSL’s Angel City FC at a $250 million valuation
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Willow Bay and Bob Iger will take a controlling stake in Angel City Football Club, the world’s most valuable women’s professional sports team. On Wednesday, Angel City of the National Women’s Soccer…
Mortgage rates dropped to the lowest level since March last week, sparking swift demand in refinancing. Homebuyers, however, seemed unimpressed. Applications to refinance a home loan jumped 15% last week,…
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Fed Governor Christopher Waller sees central bank ‘getting closer’ to an interest rate cut
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Federal Reserve Governor Christopher Waller on Wednesday suggested that interest rate cuts are ahead soon as long as there are no major surprises on inflation and employment. “I believe current…
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Gold jumps to record above $2,460 an ounce on hopes Fed will soon cut rates
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Gold jumped to a record Tuesday as rising expectations of a September interest rate cut bolstered demand for bullion. Gold futures advanced 1.7% to $2,471.1, topping the previous high of $2,454.20…
DETROIT — General Motors will increase production of its Cadillac Escalade V-Series performance model as part of updates to the flagship SUV for the 2025 model year. The new SUV features a standard 55-inch…
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Dow rallies 700 points for best day in more than a year, Russell 2000 small-cap index jumps 3%
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The Dow Jones Industrial Average advanced to new highs on Tuesday, as the bull market broadened out beyond technology names on hopes of forthcoming interest rate cuts. The Dow surged by 742.76…
General Motors’ goal of being capable of producing 1 million all-electric vehicles in North America by the end of 2025 in heavily in doubt, following comments Monday by CEO Mary…
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Jerome Powell indicates Fed won’t wait until inflation is down to 2% before cutting rates
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Federal Reserve Chair Jerome Powell said Monday that the central bank will not wait until inflation hits 2% to cut interest rates. Speaking at the Economic Club of Washington D.C., Powell referenced the…