Category: Business
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Demand for french fries reflects resilient consumer as so-called fry attachment rate holds steady
A McDonald’s crew member prepares french fries in Miami, Florida. Getty Images It’s a timeless question at fast-food counters: Do you want fries with that? Responders continue answering affirmatively at a higher-than-average rate, a top potato supplier indicated. It underscores the resilience of consumer spending, even as inflation pinches pocketbooks and pandemic savings dry up.…
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Here’s how to protect yourself from common scams this tax season
Tax season can come with several headaches, from gathering documents to finding the time to sit down and file. But one pain that you want to avoid is falling for a tax scam. Year-round, scammers look for ways to trick people into giving them money or personal information. There are several common types of scams during tax season, so…
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Fed’s Kashkari raises prospect of zero rate cuts — but Goldman says that would be ‘very surprising’
Minneapolis Federal Reserve President Neel Kashkari. John Lamparski | Getty Images Entertainment | Getty Images Goldman Sachs Chief Economist Jan Hatzius on Friday said that he still expects the Federal Reserve to implement three interest rate cuts, adding that he would be “very surprised” if the U.S. central bank ultimately decided no trims at all…
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Apple lays off over 600 California employees after shuttering car project
Tim Cook, CEO of Apple, during an event at Apple Park campus in Cupertino, California, Sept. 12, 2023. David Paul Morris | Bloomberg | Getty Images Apple is laying off 614 workers in California, according to a new state filing, the company’s first significant round of job cuts since the pandemic. The affected Apple employees…
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Developers, elected officials break ground in Bushwick on $75M affordable housing
BUSHWICK — It took a village to make a village, and it happened at 1601 DeKalb Ave. Developers Camber Property Group and RiseBoro Community Partnership co-hosted a groundbreaking ceremony for a $75 million affordable development featuring 127 units of new housing in Bushwick. Camber and RiseBoro were joined by numerous elected officials and community leaders…
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Premium ContentCamber Property Group & Riseboro break ground on $75 million affordable development in Bushwick
BUSHWICK — This week, Camber Property Group and RiseBoro Community Partnership co-hosted a groundbreaking ceremony for 1601 DeKalb Avenue, a $75 million affordable development featuring 127 units of new housing in Bushwick. Camber and RiseBoro were joined by numerous elected officials and community leaders at the groundbreaking celebration, including Brooklyn Borough President Antonio Reynoso, City…
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Trump loses bids to dismiss classified docs, Georgia election cases on the same day
Former US President Donald Trump arrives at 40 Wall Street after his court hearing to determine the date of his trial for allegedly covering up hush money payments linked to extramarital affairs in New York City on March 25, 2024. Charly Triballeau | AFP | Getty Images Donald Trump on Thursday afternoon lost two separate…
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We’re seeing another late-day stock market selloff. Here’s what we think is going on
Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch — an actionable afternoon update, just in time for the last hour of trading on Wall Street. (We’re no longer recording the audio, so we can get this new written feature to members as quickly as possible.) Trying to rebound: After a nice…
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Iger and Peltz have spoken. Should we buy more, sell more or just hold Disney stock
What do we do now with the stock of Walt Disney ? If you had the opportunity to hear activist investor Nelson Peltz, the defeated candidate for the Disney board, you did not get a definitive answer, as much as I pressed. We know that when Peltz tried to get on the board last time,…
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More upscale condos bring Williamsburg waterfront into the new century
DOMINO SQUARE — The transformation of a Williamsburg waterfront community into one of New York’s “sweetest new high-end neighborhoods” has reached a new stage at the former site of the historic Domino Sugar Factory. Developers of the site, Two Trees Management, have announced the launch of sales at One Domino Square, the third ground-up residential…