Markets Now

Why the Fed paused its rate hikes: It's tired of playing a giant guessing game

After 10 consecutive interest rate hikes, Federal Reserve officials announced on Wednesday that they would pause their fight against inflation to figure out whether the US economy was fully absorbing all that harsh medicine.  
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UPS Teamsters overwhelmingly authorize strike if no deal is reached by August 1

Members of the Teamsters union voted overwhelmingly to authorize a strike at United Parcel Service in a vote announced Friday. But a strike is still more than seven weeks away, if it happens at all.  
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China's Xi greets 'old friend' Bill Gates in first meeting with a US business magnate in years

Bill Gates met with Xi Jinping on Friday, marking the Chinese leader’s first known one-on-one meeting with a Western business figure in years after a new pledge from the Gates Foundation.  
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Nexstar investigates after Michigan news station told to 'get both sides' of Pride event

Nexstar, the nation’s largest operator of local TV stations, said Thursday it is conducting an investigation after a news director at a Michigan station told its journalists to scale back its Pride Month coverage and “get both sides” on LGBTQ issues, saying their “polarizing” nature had upset some of its conservative viewers.  
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Anheuser-Busch is writing checks to distributors as Bud Light sales sink

Bud Light’s parent company Anheuser-Busch has laid out a plan to appease beer distributors affected by two months of plunging sales sparked by an ongoing customer boycott.  
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Video: Older influencers taking TikTok by storm

CNN’s Vanessa Yurkevich talks to some “granfluencers.” Baby boomers who have amassed a large following on social media.  
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Source: CNN Business