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Inflation measure falls to nearly five-year low as gas prices fall and housing costs cool

WASHINGTON (AP) — A key measure of inflation fell to nearly a five-year low last month as apartment rental price growth slowed and gas prices fell, offering some relief to Americans grappling with the sharp cost increases of the past five years.

Inflation dropped to 2.4% in January compared with a year earlier, down from 2.7% in December and not too far from the Federal Reserve’s 2% target. Core prices, which exclude the volatile food and energy categories, rose just 2.5% in January from a year ago, down from 2.6% the previous month and the smallest increase since March... Read More

Minnesotans welcome the immigration surge drawdown but remain vigilant

MINNEAPOLIS (AP) — The Trump administration's drawdown of its immigration enforcement surge in the Twin Cities area has been met with relief, but state officials and residents say its effects on Minnesota’s economy and immigrant communities will linger.

Thousands of officers were sent to the Minneapolis and St. Paul area for Operation Metro Surge, which the Department of Homeland Security called its “ largest immigration enforcement operation ever " and touted as a success. But President Donald Trump's enforcement campaign came under increasing criticism and pushback as the... Read More

The Latest: Homeland Security seems certain to shut down tonight

A shutdown for the Department of Homeland Security at the end of the day Friday appears certain as lawmakers in the House and Senate were set to leave Washington for a 10-day break and negotiations with the White House over Democrats’ demands for new restrictions have stalled.

Democrats and the White House have traded offers in recent days as the Democrats have said they want curbs on President Donald Trump’s broad campaign of immigration enforcement following the fatal shooting of Alex Pretti and Renee Good in Minneapolis last month. They have demanded better identification... Read More

Wendy's closes US restaurants and focuses on value to turn around falling sales

Wendy’s is closing several hundred U.S. restaurants and increasing its focus on value after a weaker-than-expected fourth quarter.

The Dublin, Ohio-based company said Friday that its global same-store sales, or sales at locations open at least a year, fell 10% in the October-December period. That was worse than the 8.5% drop expected by analysts polled by FactSet.

U.S. same-store sales fell even further in the fourth quarter. Wendy’s said late last year that it planned to close underperforming U.S. restaurants, but it gave more details about those closures... Read More

US stocks halt their AI-induced slide and rise after an encouraging update on inflation

NEW YORK (AP) — The U.S. stock market is rising Friday after an encouraging update on inflation helped calm a Wall Street that’s been wracked by worries about how artificial-intelligence technology may upend the business world.

The S&P 500 rose 0.6%, a day after tumbling to one of its worst losses since Thanksgiving. The Dow Jones Industrial Average was up 205 points, or 0.4%, as of 12:30 p.m. Eastern time, and the Nasdaq composite was 0.5% higher.

Stocks got a boost from easing pressure from the bond market, where Treasury yields fell after a report showed... Read More

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Inflation measure falls to nearly five-year low as gas prices fall and housing costs cool

Minnesotans welcome the immigration surge drawdown but remain vigilant

The Latest: Homeland Security seems certain to shut down tonight

Wendy's closes US restaurants and focuses on value to turn around falling sales

US stocks halt their AI-induced slide and rise after an encouraging update on inflation

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