Category Archives: Economic

Brands re-evaluate flagship stores as trends shift

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Brands like Gap and Polo Ralph Lauren have closed their flagship stores along Manhattan’s tony Fifth Avenue citing high rents and shoppers’ shifting buying habits to online. Others have moved to more mainstream locations like Times Square. (July 26)

Associated Press video


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Federal Reserve cuts interest rate by a quarter percentage point

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FOX Business’ Edward Lawrence on why the Federal Reserve lowered interest rates. Watch Fed Chair Jerome Powell’s press conference on the rate decision here:

FOX Business Network (

After two days of meetings and pressure from President Trump to lower interest rates, Federal Reserve Chair Jerome Powell will hold a press conference to announce the Fed’s decision to cut the rate by a quarter percentage point. This is the first time rates have been lowered in more than ten years.
FOX Business Network News video.


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Fact check: Elizabeth Warren’s financial crisis warning

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Sen. Elizabeth Warren (D-MA), a 2020 democratic presidential candidates, said there are warning signs for another financial crisis that would devastate the United States and the 2020 presidential candidate proposed a plan she said could help prevent it. CNN’s Christina Alesci gives Warren’s plan a fact check.
CNN Business video.


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Fed member says rate cut is needed as trade war insurance

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The market widely expects the Federal Reserve to cut interest rates at its next meeting on July 31. But that’s a month too late, according to St. Louis Federal Reserve president James Bullard. Bullard, speaking in an exclusive interview with … Julia Chatterley on the First Move show Thursday, said the Fed should cut rates now and do so one more time later this year — mainly due to worries that a trade war with China, Europe and other parts of the world could hurt the US economy.


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