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Truckers file lawsuit against NYC over city’s ‘congestion fee’ for drivers
The Trucking Association of New York has filed a federal lawsuit against the MTA over the city’s congestion fee, arguing it unfairly targets trucks with high rates.
National Debt Tracker: American taxpayers (you) are now on the hook for $34,621,658,355,452.18 as of 5/30/24
The U.S. national debt is climbing at a rapid pace, on track to double over the next three decades amid a rush of spending by President Biden and Congress.
Costco revenue beats estimates as cash-strapped consumers look for deals on groceries, discretionary items
Costco Wholesale's third quarter revenue figures topped analysts' expectations amid strong sales of groceries and discretionary items as cash-strapped consumers searched for deals.
Senate Democrats accuse oil companies of collusion with OPEC, demand DOJ investigation
Nearly two dozen Democratic senators, led by Majority Leader Chuck Schumer, D-N.Y., wrote a letter to the Justice Department urging a probe of alleged collusion between the oil industry and OPEC.
Fed's Bostic signals central bank unlikely to cut interest rates in July
Atlanta Federal Reserve President Raphael Bostic signaled Thursday that he would not support an interest rate cut in July amid signs of sticky inflation.
Q1 GDP revised down on lackluster consumer spending
Real GDP increased at an annual rate of 1.3% for the January-through-March period after rising 3.4% in the fourth quarter of 2023, according to the BEA's advance estimate.
Stop & Shop to close underperforming stores
Stop & Shop announced that it is planning to close certain underperforming stores in the Northeast. The company didn't disclose which locations will be affected or when.
Kohl's shares tumble after retailer reports sales slump, lowers forecast
Shares of Kohls Corp. plunged as much as 25% on Thursday after the retailer reported a surprise loss in the first quarter and cut its forecast for the year.
McDonald's pushes back on hefty price hikes, including $18 Big Mac meal
McDonald's is pushing back on reports that its menu price hikes are greater than the inflationary rates. The average cost of a Big Mac is $5.29, according to a company executive.
Mortgage rates increase to 7.03%
Mortgage rates are now above 7% again after a month of declines as the home affordability crisis continues to price more Americans out of the housing market.