Scott Horsley
Stories
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Checking in on the economy ahead of election season
Shoppers are still spending, just a little less freely than before as inflation remains higher than ideal and keeps interest rates similarly high.
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National
Two major credit card companies, Capital One and Discover Financial, may join forces
Two of the nation's biggest credit card companies hope to combine forces. Capital One has offered to buy Discover Financial in a deal valued at $35 billion.
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Good thing, wings cost less and beer's flat: Super Bowl fans are expected to splurge
Super Bowl food: Chicken wings are a bargain this year, but beef prices are climbing. Here's a playbook for staying well fed without having a your wallet thrown for a loss.
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The U.S. created an extraordinary number of jobs in January. Here's a deeper look
U.S. employers added 353,000 jobs in January — far more than forecasters expected. The sizzling job market is good for workers but could cause the Federal Reserve to postpone a cut in interest rates.
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The Federal Reserve holds interest rates steady but signals rate cuts may be coming
The Federal Reserve held interest rates steady on Wednesday, but indicated that rates could fall in the coming months if inflation continues to cool.
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Greyhound stations were once a big part of America. Now, many of them are being shut
Greyhound bus stations are being shut down and redeveloped. The closures are leaving passengers without a warm place to get a snack, use the restroom or wait for the bus.
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Many experts feared a recession. Instead, the economy has continued to soar
The U.S. economy grew substantially faster in the final months of 2023 than forecasters had expected. For all of last year, the economy grew 3.1% — defying forecasts of a likely recession.
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As car insurance continues to rise, U.S. inflation ticks up in December
Overall CPI in December was up 3.4% from a year ago. The cost of motor vehicle insurance rose 1.5% in December from November, marking a 20.3% increase compared to the previous year.
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U.S. unemployment has been under 4% for the longest streak since the Vietnam War
U.S. employers added 216,000 jobs in December, as the unemployment rate held steady at 3.7%. The labor market proved resilient in 2023, despite rising interest rates.
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The U.S. economy performed better than expected in 2023. A 2024 preview
Will the economy continue to bubble like freshly-popped champagne, or will we suffer a hangover from inflation and high interest rates. Forecasters expect somewhat slower growth and lower inflation.