Today's Top Story
Top Democrat calls for Biden to replace FDIC chairman to fix agency's 'toxic culture'
The most powerful Democrat in Congress on banking and financial issues called for President Joe Biden to replace the chairman of the Federal Deposit Insurance Corp_ on Monday, saying the agency is broken and there must be “fundamental changes at the FDIC.” Read More
Business News
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Red Lobster seeks bankruptcy protection days after closing dozens of restaurants
Casual dining chain Red Lobster has filed for Chapter 11 bankruptcy protection
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Sour Patch Kids Oreos? Peeps Pepsi? What's behind the weird flavors popping up on store shelves
Surprising flavor combinations – think gravy-flavored Jones Soda or Sour Patch Kids Oreos -- are showing up more frequently in grocery stores and restaurants
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Many remember solid economy under Trump, but his record also full of tax cut hype, debt and disease
Numbers show that the economy during Donald Trump’s presidency has never lived up to his own hype
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Economic News
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Target to lower prices on thousands of basic items as inflation sends customers scrounging for deals
Target is cutting prices on thousands of consumer basics this summer, goods ranging from diapers to milk, with more Americans paying closer attention to their spending as inflation cuts into household budgets
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What a blast to work at NASA. Space agency is sky-high again in latest survey of federal employees
Exploring the cosmos makes for happy employees, federal workers like to work from home like everyone else, and an agency that has struggled with low morale is showing improvement
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Many remember solid economy under Trump, but his record also full of tax cut hype, debt and disease
Numbers show that the economy during Donald Trump’s presidency has never lived up to his own hype
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Money News
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Justice Dept. makes arrests in North Korean identity theft scheme involving thousands of IT workers
The Justice Department has announced multiple arrests in a series of complex stolen identity theft cases that officials say are part of a wide-ranging scheme that generates enormous proceeds for the North Korean government, including for its weapons program
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Bank of England edges closer to rate cut, possibly in June, as it predicts below-target inflation
The Bank of England is keeping its main U.K. interest rate at a 16-year high of 5.25% though it gave a broad hint that a reduction could be on the cards as soon as June as inflation is forecast to fall below target
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A timeline of the collapse at FTX
FTX, once among the largest cryptocurrency exchanges in the world, said this week that nearly all of its customers will receive the money back that they are owed, two years after its monumental collapse
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