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A West Sacramento restaurant in business for 87 years and known for its ravioli has announced that it plans to close its doors at the end of 2022. Club Pheasant said on its website that the Palamidessi family-owned restaurant had…

US stocks rose Friday, with the S&P 500 ending a three-week losing streak as investors digested Federal Reserve officials' latest affirmations that they remained committed to bringing down inflation.The S&P 500 rose by more than…

ServiceNow Chief Executive Bill McDermott told CNBC's Jim Cramer on Monday that he doesn't expect the current economy to undergo a market downturn like the 2008 financial crisis."This is not even close to 2008. In 2008, I was with a…

U.S. stocks capped a turbulent month of May lower on Tuesday after a rally late last week failed to sustain momentum.The S&P 500 fell 0.6% in a choppy session, while the Dow Jones Industrial Average shed 220 points, or 0.7%. The…

An important measure of consumer prices showed that inflation slowed in April, but remained close to a four-decade high.The Personal Consumption Expenditures price index rose 0.2 percent last month from March and was up 6.3 percent from…

Good morning, and welcome to our rolling coverage of the world economy, the financial markets, the eurozone and business. It’s the first day of trading in London today, as UK stock markets were shut for the New Year’s bank holiday…

Major indexes climb for 3rd straight sessionMerck's at-home COVID-19 pill gets U.S. approvalWeekly jobless claims unchanged at 205,000Consumer spending increases 0.6% in NovemberIndexes up: Dow 0.55%, S&P 0.62%, Nasdaq 0.85%Dec 23…