The economy grew at a 1.6% annual rate, below earlier estimates, though corporate profits saw their largest year-over-year increase since 2021
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The jump in home foreclosures is an early sign of fallout after the Trump administration tightened rules for borrowers seeking federal mortgage subsidies. Source link
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Prices charged by producers rose by 1.4% in April from the month before, blowing past March’s 0.7% increase, according to the Labor Department’s producer-price index. […]
