Economy
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Bidenomics Boomerang: Hunger explodes on Joe’s watch as 10 million more fall into food insecurity
USDA report latest sign of the impact of inflation under the 46th president.
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US economy grew at 4.9%, more than doubling previous quarter
This is the largest GDP increase since the fourth quarter of 2021 hit 7%.
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Ford, United Auto Workers reach tentative deal to end strike: report
The UAW initially sought 36% raises, the transition to a four-day work week, and the return of traditional pensions.
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United Auto Workers expand strike, shut down largest Stellantis plant
All three major automotive companies have proposed 23% wage hikes.
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Chevron buys Hess for $53 billion amid surging oil prices
Crude oil prices have been around $90 a barrel for about two months.
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Consumer prices rose 3.7% in September, compared to year ago, higher than expected
The agency's monthly Consumer Price Index report also showed prices increased 0.4% in September, compared to August.
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Nearly 9,000 Ford workers at Kentucky plant join UAW strike
Roughly 10% of UAW membership initially went on strike, though that figure has since soared to roughly 34,000.
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Wholesale inflation rises 2.2% in September, biggest year-over-year increase since April
Increase suggests inflationary pressures remain despite roughly 18 months of higher interest rates
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IMF says global economy 'limping along' as growth forecast 'lowest in decades'
It is "too early" to measure the global impact of the war in Israel, an IMF official said.
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Starbucks announces San Francisco store closures amid string of exits from Golden City
Starbucks' store closures come amid a string of exits by major chains in the area, which have been in part, motivated by a dramatic surge in crime and homelessness in San Francisco.
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Kaiser Permanente employees set to start largest healthcare strike in US history
A coalition of eight unions represents the striking employees, who comprise 40% of Kaiser's staff.
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UAW reaches 'tentative agreement' with Mack Trucks in three states
The agreement must now be ratified by UAW members. The UAW said 98% of its workers had authorized a strike.
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Target to close more stores across US, citing theft and safety concerns for employees, customers
Stores will be closed in Harlem neighborhood of New York City, Portland, Seattle and the San Francisco Bay area.