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Drugstore chain Walgreens cuts quarterly dividend to get more cash to grow its business

By TOM MURPHY
Jan 04, 2024 8:18 am - Walgreens is chopping its dividend nearly in half as the drugstore chain looks to strengthen its balance sheet. The health care giant said Thursday that reducing its quar...
Stock market today: Wall Street aims for gains to close 2023 in subdued holiday trading

By The Associated Press
Dec 27, 2023 8:29 am - Wall Street aimed for a winning week to close out the year in subdued holiday trading Wednesday. Futures for the S&P 500 and the Dow Jones Industrial Average each edged ...
Federal Reserve leaves its key rate unchanged but keeps open possibility of a future hike

By CHRISTOPHER RUGABER AP Economics Writer
Nov 01, 2023 1:00 am - WASHINGTON - The Federal Reserve kept its key short-term interest rate unchanged Wednesday for a second straight time but left the door open to further rate hikes if inf...
McDonald's pumps brakes on prices as US traffic falls slightly, but Q3 sales beat expectations

By DEE-ANN DURBIN AP Business Writer
Oct 30, 2023 1:00 am - McDonald's said it's pumping the brakes on higher prices and focusing more on value meals after seeing a drop-off in visits by some customers. The burger giant reported ...
Fed Chair Powell: Slower economic growth may be needed to conquer stubbornly high inflation

By CHRISTOPHER RUGABER AP Economics Writer
Oct 19, 2023 1:00 am - WASHINGTON - Federal Reserve Chair Jerome Powell said Thursday that inflation remains too high and that bringing it down to the Fed's target level will likely require a ...
Sam Bankman-Fried must now convince a jury that the former crypto king was not a crook

By KEN SWEET AP Business Writer
Oct 02, 2023 1:00 am - NEW YORK - For a while, Sam Bankman-Fried tried to convince politicians and the public that he was the next J.P. Morgan. Now, he has to convince a jury that he wasn't, i...
Fed keeps rates unchanged but signals likelihood of another hike this year to fight inflation

By CHRISTOPHER RUGABER AP Economics Writer
Sep 20, 2023 1:00 am - WASHINGTON - The Federal Reserve left its key interest rate unchanged Wednesday for the second time in its past three meetings, a sign that it's moderating its fight aga...
A resilient stock market helped boost gains for 401(k) savers in the first half of 2023

By ALEX VEIGA AP Business Writer
Aug 17, 2023 1:00 am - LOS ANGELES (AP) - A resilient stock market helped boost gains for savers with retirement accounts through the first half of this year. The average 401(k) plan balance s...
Warren Buffett's firm buys more Occidental Petroleum and now owns more than 25% of the oil producer

By JOSH FUNK AP Business Writer
Jun 29, 2023 1:00 am - OMAHA, Neb. (AP) - Billionaire Warren Buffett's company keeps buying shares of Occidental Petroleum, and Berkshire Hathaway now controls more than 25% of the oil produce...
The S&P 500 is in a bull market. Here's what that means and how long the bull might run

Associated Press
Jun 08, 2023 1:00 am - The S&P 500 is now in what Wall Street refers to as a bull market, meaning the index has risen 20% or more from its most recent low. Here are some answers to questions a...

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