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Sunday, December 15, 2019

Spending on U.S. credit, debit and pre-payment cards to top $10 trillion this year

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Spending for goods and services initiated by credit, debit, and prepaid cards issued in the United States, which totaled $7.266 trillion in 2018, is projected to reach $10.086 trillion in 2023 according to statistics...

Sparkyard plan aims to grow Fort Worth’s entrepreneurial ecosystem

Although Fort Worth is the 13th most populous city in the nation, the city does not have a palpable business image as compared to other larger cities, like how San Francisco is known for...

Dow hits record as stock market rally extends into 5th week

NEW YORK (AP) — The Dow Jones Industrial Average returned to a record on Monday, joining other market gauges at all-time highs, as the stock market's rally carried into a fifth week. Oil producers, banks...

Why Trump tariffs haven’t revitalized American steelmakers

WASHINGTON (AP) — President Donald Trump's move last year to tax imported steel triggered jeers but also cheers. Its goal — to raise steel prices — threatened to hurt the legions of U.S. manufacturers...

Berkshire Hathaway’s third-quarter profits decline 11%, BNSF strong

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OMAHA, Neb. (AP) — Warren Buffett's company reported Saturday that it saw an 11% decline in third-quarter profits because of a smaller increase in the paper value of its investments, even as it sits...

Retailers seek to stretch shortened holiday shopping season

NEW YORK (AP) — All they want for Christmas is more time. Faced with the shortest holiday shopping season since 2013, retailers are trying to figure out ways to get into the minds of shoppers...

Fed cuts rates a 3rd time this year but signals likely pause

WASHINGTON (AP) — The Federal Reserve cut its benchmark interest rate Wednesday for the third time this year to try to sustain the economic expansion in the face of global threats. But it indicated...

S&P 500 hits all-time high as market extends recent gains

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The S&P 500 index closed at an all-time high Monday, extending a recent string of gains in what's mostly been a solid month for the market. The benchmark index closed at 3,039.42, around 14 points...

US suspends plans to hike tariffs Tuesday on Chinese imports

WASHINGTON (AP) — The Trump administration is suspending a tariff hike on $250 billion in Chinese imports that was set to take effect Tuesday, and China agreed to buy $40 billion to $50 billion...

Fed plans more Treasury purchases to control lending rates

WASHINGTON (AP) — The Federal Reserve says it will buy roughly $60 billion a month in Treasury bills through mid-2020 to inject cash into the banking system and make it easier to control overnight...