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Wall Street slumps as rising yields crank up the pressure

NEW YORK (AP) – U.S. stocks slumped Monday after higher yields in the bond market caused by a strong U.S. economy cranked up the...

U.S. producer prices rose 2.1% from last year, most since April,...

WASHINGTON (AP) – U.S. producer prices rose in March from a year earlier at the fastest pace in nearly a year, but the gain...

Higher gas and rents keep U.S. inflation elevated, likely delaying Fed...

WASHINGTON (AP) – Consumer inflation remained persistently high last month, boosted by gas, rents, auto insurance and other items, the government said Wednesday in...

Wall Street steadies as bond yields ease ahead of inflation report

NEW YORK (AP) – U.S. stock indexes held at a near standstill again on Tuesday, as traders made their final moves ahead of some potentially...

Fed’s Powell: Rate cuts likely this year, but more evidence is...

WASHINGTON (AP) – Chair Jerome Powell reinforced his belief Wednesday that the Federal Reserve will cut its key interest rate this year but that...

Macy’s to close 150 stores over 3 years as sales slip

NEW YORK (AP) – Macy's will close 150 stores over the next three years and 50 by the end of 2024, the department store...

U.S. wholesale inflation accelerated in January in latest sign that prices...

WASHINGTON (AP) – Wholesale prices in the United States picked up in January, the latest sign that some inflation pressures in the economy remain...

Hasbro reports $1.49B loss in ‘challenging’ 2023

PAWTUCKET – Hasbro Inc. posted a loss of $1.49 billion in what the company called a "challenging" 2023, following a $203.5 million profit in...

CVS Health beats Q4 expectations, but trims annual outlook as costs...

CVS Health Corp.'s fourth-quarter profit fell as the drugstore chain and pharmacy benefits manager dealt with increased operating costs. Still, its adjusted profit and...

BankRI parent company reports $75M profit in 2023, a drop of...

PROVIDENCE - Brookline Bancorp Inc., the parent company of Bank Rhode Island, on Thursday reported 2023 earnings of $75 million, down 31% compared to...
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