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Railroad labor dispute could cost consumers plenty

The likelihood of a national rail strike grew when the union representing conductors, rejected management’s latest offer.

 
Fed unleashes another big rate hike but hints at a pullback

The Federal Reserve pumped up its benchmark interest rate Wednesday by three-quarters of a point for a fourth straight time but hinted that it could soon reduce the size of its rate hikes.

Musk takes control of Twitter, ousts top executives, sources say

Elon Musk has taken control of Twitter and ousted the CEO, chief financial officer and the company’s general counsel, two people familiar with the deal said Thursday night.

US economy returned to growth last quarter, expanding 2.6%

The U.S. economy grew at a 2.6% annual rate from July through September, snapping two straight quarters of contraction and overcoming high inflation and interest rates.