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New Home Sales Rise for Third Straight Month as Mortgage Rates Fall

Sales of new U.S. homes rose for the third straight month in December as high mortgage rates continued to decline, offering some relief for prospective homebuyers.

Norway Pushes Ahead With Digital Currency, Ignoring Privacy Concerns

Norway is looking to join several countries that are on track to introduce a Central Bank Digital Currency (CBDC) – a centralized form of digital money.

DOJ Sues Google Over Digital Advertising Dominance

The Justice Department and several states sued Google on Tuesday, alleging that its dominance in digital advertising harms competition.

Microsoft Extends Multibillion-Dollar Deal With Creators of Woke AI ChatGPT

Tech giant Microsoft has extended its partnership with OpenAI, the organization behind the leftist chatbot ChatGPT, announce a new “multiyear, multibillion-dollar” investment in the firm.

‘Study Shows Government’s Family Leave Mandates Have Thwarted Women’s Wage Gains’: Rachel Greszler

White women's wages were converging relative to white men's at a rate of 0.70 percentage points per year before the passage of the '93 Family Medical Leave Act.

IRS Has ‘Not Yet Finalized’ How Middle Class Will Be Affected by $80 Billion Windfall

A report from the Internal Revenue Service released last week indicated that officials are devoting much of the agency’s recent funding windfall toward audits even as the degree to which the actions will impact everyday taxpayers remains uncertain.

IRS Hasn’t Planned Details of How $80 Billion Windfall With Affect Middle Class

The Internal Revenue Service (IRS) does not yet know the details of how the Biden admin's approval of an $80 billion windfall will affect middle-class audits.

U.S. Treasury Buys Time for Biden and GOP on Debt Limit Deal

The U.S. government bumped up against its debt limit Thursday, prompting the Treasury Department to take “extraordinary” accounting steps to avoid default — as friction between President Joe Biden and House Republicans raised concern about whether the U.S. can sidestep an economic crisis.

Microsoft Announces Mass Layoffs

Microsoft announced on Wednesday it will eliminate 10,000 jobs worldwide, almost 5% of its workforce, and take a $1.2-billion charge as global growth is slowing down.

Amazon Begins Cutting 18,000 Workers in Its Biggest Layoffs Ever

Amazon's workforce reduction – the largest in its history – will begin Wednesday.

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