Researchers have begun measuring the impact of legalized sports gambling on American households, and the initial results paint a worrisome picture about how its expansion has affected bettors’ finances. In separate…
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Business
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Edgar Bronfman Jr.’s offer for a controlling stake in Paramount Global could keep Shari Redstone close to the company, if his bid is successful. Bronfman is open to having Redstone, currently non-executive…
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At least 551 people were likely sickened by cucumbers tainted with Salmonella bacteria, the U.S. Centers for Disease Control and Prevention said — with 155 hospitalized. But in an update posted…
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Business
A ‘man-made disaster’ could make it trickier to buy or sell a home in some areas this fall, real estate expert says
by adminConsumers in the market for a home have been patiently waiting for the Federal Reserve to cut interest rates — a move it seems poised to make in September. But without action from Congress,…
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Apple announced it will hold a press event at its headquarters in Cupertino, California, on Monday, Sept. 9, where the company is expected to announce new iPhones and Apple Watch models.…
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Business
Restaurants fight back against the FTC crackdown on ‘junk fees’ as diners balk at new charges
by adminLawmakers want to crack down on “junk fees,” but restaurants are trying to stay out of the fight. Surcharges or fees covering everything from credit card processing to gratuities to…
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Business
Increased sausage demand may be a red flag for the economy, Dallas Fed survey says
by adminAn uptick in sausage demand can offer the latest sign of consumers tightening their belts as they continue grappling with high prices. There’s been “modest growth” in the dinner sausage…
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Business
How investors can prepare for lower interest rates: It’s ‘like getting a haircut,’ advisor says
by adminFederal Reserve chair Jerome Powell on Friday gave the clearest indication yet that the central bank is likely to start cutting interest rates, which are currently at their highest level in two decades. If a…
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Business
Microsoft plans September cybersecurity event to discuss changes after CrowdStrike outage
by adminMicrosoft said Friday it will hold a conference in September for cybersecurity firms to discuss ways the industry can evolve following a faulty CrowdStrike software update that caused millions of Windows computers to…
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Federal Reserve Chair Jay Powell said Friday he expects the central bank will cut its key interest rate in the near future in response to slower economic growth and cooling…