Costco sold more than $100 million in gold bars last quarter
Costco has found a new hit with online shoppers — gold. The retail warehousing giant sold more than $100 million of the precious metal in its first quarter, which ended Nov. 26,…
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Coca-Cola recalled 2,000 cases of drinks due to potential contamination
Coca-Cola is recalling cans of Diet Coke, Sprite, and Fanta Orange that were distributed in Alabama, Mississippi and Florida, saying the cans may contain ‘foreign material.’ The Food and Drug…
Federal Reserve again keeps interest rates steady as inflation cools
The Federal Reserve again kept interest rates steady in final meeting of the year on Wednesday. The U.S. central bank left its benchmark rate at of 5.25% to 5.50%, where…
Rentals across the U.S. may be easing and finally giving tenants a break
There are signs that rents across America are starting to decrease after they spiked during the Covid-19 pandemic. The real estate brokerage Redfin said rents are falling at the fastest…
FTC reveals new rule targeting auto dealership scams
The Federal Trade Commission announced a new rule Tuesday intended to stop auto dealers from using hidden fees and bait-and-switch price tactics on buyers. The agency says such fees and…
Dow rallies more than 500 points to record, closes above 37,000 for the first time
The Dow Jones Industrial Average jumped to a record Wednesday as the Federal Reserve signaled it would cut rates several times next year, satisfying investors who hoped the central bank…
The U.S. added 199,000 jobs in November and the unemployment rate fell to 3.7%
Job creation showed little signs of a let-up in November, as payrolls grew even faster than expected and the unemployment rate fell despite signs of a weakening economy. Nonfarm payrolls…
Americans are starting to feel better about the economy and inflation
Much has been made about how Americans feel bad about the state of the economy, even though according to many broad-based statistical measures things are pretty good. It looks like…
Regulators caught Wells Fargo, other banks in probe over mortgage pricing discrimination
Wells Fargo was snared in an industrywide probe into mortgage bankers’ use of loan discounts last year, CNBC has learned. The discounts, known as pricing exceptions, are used by mortgage personnel to…
What to expect as the Fed prepares its final interest rate decision of 2023
Wall Street isn’t expecting any drama when the Federal Reserve announces its final interest rate decision of the year on Wednesday. The U.S. central bank is expected to leave rates…