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2d ago

Senate panel advances weed bill in historic step

The legislation would allow legal marijuana businesses to use major financial and banking institutions.
A person smokes marijuana in New York on May 1, 2021.
A person smokes marijuana in New York on May 1, 2021.

United Auto Workers chief blasts Trump ahead of Michigan visit

The former president is set to deliver prime-time remarks at a manufacturing plant Wednesday night as his primary opponents participate in their second presidential debate.
United Auto Workers President, Shawn Fain with UAW members at a General Motors Service Parts Operations plant in Belleville, Mich.
United Auto Workers President, Shawn Fain with UAW members at a General Motors Service Parts Operations plant in Belleville, Mich.

Mortgage demand shrinks as interest rates hit the highest level in nearly 23 years

The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($726,200 or less) increased last week to 7.41%, from 7.31%.
A "for sale" sign on a home in Miami on Feb. 22, 2023.
A "for sale" sign on a home in Miami on Feb. 22, 2023.

Target says it will close nine stores in major cities, citing violence and theft

With its announcement Tuesday, Target stands apart in its decision to both shutter stores and to explicitly blame that decision on retail crime.
A woman shops at a Target store in New York City
A woman shops at a Target store in New York City
2d ago

What are the four cases the FTC has recently brought against Amazon?

The Federal Trade Commission’s antitrust lawsuit against the e-commerce giant is just the latest in a string of legal complaints filed during the Biden administration.
An Amazon fulfillment center.
An Amazon fulfillment center.

Everything you need to know ahead of a government shutdown

The U.S. is headed toward a government shutdown this weekend unless Congress takes action soon. Here's what happens and when and how it could affect you.
Storm clouds roll over the Capitol on July 25, 2022.
Storm clouds roll over the Capitol on July 25, 2022.

Here's what happens to Social Security payments if the government shuts down

A shutdown could happen Sunday if a new funding bill isn't passed and signed. Here's how a shutdown would affect Social Security and other programs.
A woman walks to a Social Security office in Houston on July 13, 2022.
A woman walks to a Social Security office in Houston on July 13, 2022.

Rite Aid chain reportedly could sell up to 500 stores in bankruptcy plan

Rite Aid said Tuesday it continues to work with its financial stakeholders to identify the best path forward for the debt-saddled company.
A Rite Aid store.
A Rite Aid store.
3d ago

U.S. sues Amazon claiming it used market power to warp prices across the internet

The FTC filed an antitrust lawsuit in federal court in Washington state, backed by the attorneys general of 17 states, including two Republicans.
Amazon packages at a fulfillment center in 2021.
Amazon packages at a fulfillment center in 2021.

Shakira charged with $7 million tax evasion by Spanish prosecutors

Shakira is alleged to have used an offshore company based in a tax haven to avoid paying the tax, Barcelona prosecutors said in a statement.
Shakira performs at the 2023 MTV Video Music Awards  in Newark, N.J.
Shakira performs at the 2023 MTV Video Music Awards  in Newark, N.J.

JPMorgan to pay $75 million to settle lawsuit over ties with Jeffrey Epstein

The bank said the majority of the settlement — $55 million — will go toward local charities and victim assistance; the rest goes to legal fees.
JPMorgan Chase & Co. headquarters in New York
JPMorgan Chase & Co. headquarters in New York

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