Finance
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As affordable housing disappears, states scramble to shore up the losses
Oct 07, 2024 2:03 pm - For more than two decades, the low rent on Marina Maalouf’s apartment in a blocky affordable housing development in Los Angeles’ Chinatown was a saving grace for her family, including a granddaughter who has autism.
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Elections have less impact on your 401(k) than you might think
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Once hampered by pandemic, debt-heavy Rosemont gets credit rating upgradeOct 02, 2024 8:13 pm - Notorious for carrying loads of debt for its big municipal building projects, Rosemont has received a post-pandemic credit upgrade.
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Fed Chair Powell says the US economy is in solid shape’ with gradual rate cuts comingSep 30, 2024 2:43 pm - Federal Reserve Chair Jerome Powell signaled Monday that more interest rate cuts are in the pipeline but suggested they would occur at a measured pace intended to support a still-healthy economy.
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Before you sign up for a store credit card, know what you’re getting into
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US debt dynamics ‘inconsistent with a AAA rating,’ Moody’s says
Sep 24, 2024 7:06 am - The next U.S. administration “must grapple with widening budget deficits,” warned Moody’s Ratings in a report published Tuesday, nearly a year after it announced a negative outlook for the country’s sovereign credit profile.
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For home shoppers, the Fed’s big rate cut is likely just a small step toward affording a homeSep 23, 2024 9:55 am - The Federal Reserve gave home shoppers what they hoped for this week: a big rate cut and a signal of more cuts to come. Even so, aspiring homebuyers and homeowners eager...
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Bank of England keeps its main interest rate on hold at 5% in wake of big US Fed rate cut
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What the Fed’s rate cut means for consumers, businesses and investors
Sep 18, 2024 2:01 pm - The Federal Reserve cut interest rates this week for the first time in four years, putting an end to its longest cycle of rate increases in roughly a decade. “This will i...
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Citadel Securities pulls back on plan to trade directly with Fed