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Pat Kilpatrick, of Cedar Rapids, browses items for sale at the Cultivate Hope Corner Store in Cedar Rapids, Iowa, Wednesday, April 6, 2022. Kilpatrick, whose daughter works for Matthew 25, thinks the store will provide easier access to groceries in a previously underserved area.
Business

Inflation-adjusted earnings are falling fast, jobs report shows

Zach Halaschak -
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The economy is gaining jobs as the United States emerges from its pandemic-induced economic slump. Still, even with recent job growth, painful inflation has increased significantly.
News

Economy marched on in April with 428,000 new jobs, unemployment at 3.6%

Zach Halaschak -
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Kids protest climate change.
Business

Beware the popping of the housing bubble

Stephen Moore -
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The S&P 500 entered a bear market on Monday as the Federal Reserve prepares to hike interest rates. In this photo provided by the New York Stock Exchange (NYSE), trader Neil Tapia is shown working on the NYSE trading floor.
Business

Stocks plunge after Fed hikes rates, worst day for Nasdaq since 2020

Zach Halaschak -
0
Democratic presidential candidate former Vice President Joe Biden speaks during a campaign event, Thursday, Jan. 30, 2020, in Newton, Iowa.
News

Rising risk of recession imperils Democratic midterm prospects

Zach Halaschak -
0
Federal Reserve Board Chair Jerome Powell speaks during a news conference at the Federal Reserve, Wednesday, May 4, 2022, in Washington. The Federal Reserve intensified its drive to curb the worst inflation in 40 years by raising its benchmark short-term interest rate by a sizable half-percentage point.
Business

Jerome Powell says ‘softish’ landing possible for economy

Zach Halaschak -
0
In this photo, the seal of the Board of Governors of the United States Federal Reserve System is displayed in the ground at the Marriner S. Eccles Federal Reserve Board Building in Washington.
Finance and Economy

Fed carries out historic interest rate hike in attempt to counter inflation

Zach Halaschak -
0
Jamie Dimon, Chairman and CEO of JPMorgan Chase, speaks at the Bloomberg Global Business Forum, Wednesday, Sept. 25, 2019 in New York.
Business

Fed behind the curve in raising rates to curb inflation, Jamie Dimon says

Zach Halaschak -
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Housing affordability near worst on record as Fed battles inflation
Business

Housing affordability near worst on record as Fed battles inflation

Zach Halaschak -
0
Blank stimulus checks are seen on an idle press at the Philadelphia Regional Financial Center, which disburses payments on behalf of federal agencies, in Philadelphia, Thursday, May 8, 2008. The first batch of rebate payments started hitting bank accounts last week through direct deposits. Treasury Secretary Henry Paulson, Vice President Dick Cheney and other Bush administration officials are visiting government check printing centers around the country on Thursday for events highlighting the fact that millions of rebate checks are in the mail.
Business

Ten-year Treasury yield hits 3% for first time in years — what it means

Zach Halaschak -
0
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