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In recent times, the concept of “quiet luxury” has made a comeback under a new guise known as old money style. Previously, the quiet luxury trend gained traction after Gwyneth Paltrow’s ski accident trial in March, resonating with consumers even amidst financial challenges. The onset of the new year introduced “loud budgeting” as a counterpoint,
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Cleveland Federal Reserve President Loretta Mester recently expressed her anticipation for interest rate cuts within this year. However, she made it clear that the upcoming policy meeting in May would not be the venue for such decisions. Mester highlighted the progress made in terms of inflation and acknowledged the continuous growth of the economy. This
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As the April 15 federal tax deadline quickly approaches, taxpayers are reminded to be vigilant against potential scams that aim to steal personal and financial information. In the past year alone, the IRS received over 294,000 complaints of identity theft, resulting in more than $5.5 billion in tax fraud. Despite the ongoing efforts of the
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In the latest Economist Intelligence Unit business environment ranking, Singapore once again claimed the top spot as the best place in the world to conduct business. This Southeast Asian nation has maintained its position for the past 16 years, thanks to factors such as political stability and the government’s focus on technological advancement for domestic
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Two directors of Warner Bros. Discovery, Steven Miron and Steven Newhouse, have decided to resign from their positions following a U.S. Department of Justice investigation into a potential antitrust violation. This development comes after both directors were appointed in April 2022 as part of the WarnerMedia and Discovery merger. The investigation is centered around whether
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With Macy’s announcing plans to close approximately 150 stores, retail competitors are already strategizing on how to capitalize on this opportunity for growth. Target CEO Brian Cornell and Kohl’s CEO Tom Kingsbury see the department store’s decision to shrink its footprint as a chance to increase their own sales. Off-price chain T.J. Maxx could also
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