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Abbott's baby formula plant closes again after severe storms and flooding

Abbott's baby formula plant closes again after severe storms and flooding

Abbott's Sturgis, Mich., plant was open for less than two weeks before it had to close again after flooding from severe weather. The company said it hopes to resume production in a few weeks.
by Wynne Davis

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Who are the winners and losers of the Fed hiking interest rates?

Who are the winners and losers of the Fed hiking interest rates?

The Federal Reserve announced Wednesday it will increase its benchmark interest rate by 0.75 percent, the largest increase in decades. But what does that actually mean for everyday Americans?
by Becky Sullivan

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Fed attacks inflation with its largest rate hike since 1994

Fed attacks inflation with its largest rate hike since 1994

The Federal Reserve on Wednesday intensified its drive to tame high inflation by raising its key interest rate by three-quarters of a point — its largest hike in nearly three decades — and signaling more large rate increases to come that would raise the risk of another recession.
by The Associated Press

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So long, Internet Explorer. The browser retires today

So long, Internet Explorer. The browser retires today

Microsoft has officially sent Internet Explorer into retirement. As of Wednesday, Microsoft will no longer support the once-dominant browser that legions of web surfers loved to hate — and a few still claim to adore.
by The Associated Press

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The S&P 500 is in a bear market. Here’s what that means

Wall Street opened the week with heavy losses that put the benchmark S&P 500 at a level considered to be a so-called bear market. Rising interest rates, the war in Ukraine and China’s economic slowdown are leading investors to reconsider what they’re willing to pay for a wide range of stocks, from high-flying tech companies to industrial conglomerates. 
by The Associated Press

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Markets tumble worldwide, bear market growls on Wall Street

Markets tumble worldwide, bear market growls on Wall Street

Fears about a possible recession are pounding markets worldwide on Monday, and Wall Street’s S&P 500 tumbled into the maw of what’s known as a bear market after sinking more than 20 percent below its record set early this year.
by The Associated Press

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Minnesota business news with Patrick Rehkamp

Patrick Rehkamp from the Minneapolis St. Paul/Business Journal returns to Minnesota Now with the latest updates on Minnesota jobs, housing, and hefty gas prices.
by Cathy Wurzer and Ellen Finn

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Biden vows to battle inflation as prices keep climbing

Biden vows to battle inflation as prices keep climbing

Biden on Friday pledged to keep fighting against inflation while touring the Port of Los Angeles, America’s busiest port and a place that the White House said last October would be key for reducing price pressures.
by The Associated Press

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