
Emily Sullivan
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White House officials reportedly say that each week of the shutdown will subtract 0.1 percentage point from growth — double the administration's original estimate.
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The Dow closed down just over a quarter of 1 percent. Consumer confidence and spending are the latest mixed signals investors are struggling to sort out.
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The stock market made a comeback after spending much of Thursday in negative territory, a day after a record-setting rally on Wall Street. The Dow closed up nearly 260 points, more than 1 percent.
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Fed Raises Rates Despite Trump Attacks, Stocks TankThe U.S. Federal Reserve is raising the benchmark borrowing rate to a range of 2.25 percent to 2.50 percent, a move that would put it at the highest level in a decade.
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The conservative magazine originally funded by Rupert Murdoch published for 23 years. Its owners cited declining readership and financial troubles.
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The White House official has been confirmed as the Consumer Financial Protection Bureau's new chief over objections by critics who highlighted her lack of experience in consumer protection.
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Stock markets recovered most of their losses late in the day, with the Dow closing down 79 points. Earlier, stocks slid after a Chinese tech executive was arrested, escalating U.S.-China tensions.
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Ukraine's President Petro Poroshenko says the ban on Russian men of military age is aimed at preventing the infiltration of "private armies."
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Why Aren't Millennials Spending? They're Poorer Than Previous Generations, Fed SaysMillennials are less well off than members of earlier generations when they were young. They have lower earnings, fewer assets and less wealth, a new Federal Reserve study says.
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A court found all three men guilty of murder and sentenced them each to 40 years in prison for the 2017 killing of a 17-year-old who police said they suspected was a drug runner.