Business
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In Debt Limit Talks, Biden and Republicans Start Far Apart
As the president prepares to meet with Speaker Kevin McCarthy this week, his budget shares little common ground with spending and tax proposals from House Republicans.
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Banks Are Closing Customer Accounts, With Little Explanation
Increasing attention to suspicious-seeming transactions has led to some people suddenly losing access to their bank accounts. The reasons are often a mystery.
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Berkshire Reports Big Jump in Earnings
Gains in its insurance business offset lower revenue from its real estate and consumer products companies. The results came out at the start of the conglomerate’s 59th annual meeting.
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Backup Power: A Growing Need, if You Can Afford It
Extreme weather linked to climate change is causing more blackouts. But generators and batteries are still out of reach of many.
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DeSantis Signs Into Law Latest Wrinkle in Disney Feud
The bill would allow approved development agreements for Walt Disney World to be voided. The company has already sued the governor over the issue.
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Wages Climb Rapidly, Defying Fed’s Hopes for a Slowdown
Wage growth picked up in April, good news for American workers but bad news for officials at the Federal Reserve, who have been hoping to see a steady moderation in pay gains as they try to wrestle inflation back under control. Average hourly ...
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How to Deal With Rising Auto Insurance Rates
Premiums are up more than inflation, as insurers deal with rising repair bills and higher car rental rates. But consumers do have some options, experts say.
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Drew Barrymore Drops Out of Hosting MTV Awards Show Over Writers’ Strike
Just days before the show was scheduled to air, the actress and talk-show host said she would pick up her hosting duties next year.
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Recession Fears Abound, but the Fed Chair Bets This Time Is Different
Jerome H. Powell, the Federal Reserve chair, thinks his central bank can defy history to clinch slower inflation and a soft economic landing.
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United Auto Workers Hold Off on Backing Biden, for Now
A memo by the union’s president underscores how some of President Biden’s moves to fight climate change could weaken some of his political support.