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In the current economic climate, where consumers are becoming more cautious with their spending, restaurants like Applebee’s and IHOP are facing stiff competition from a variety of dining options. The CEO of Dine Brands, John Peyton, acknowledges that full-service restaurants, fast–food chains, and even eating at home are all vying for the attention of diners.
United Airlines Holdings Inc. and American Airlines Group Inc. have finally come to an agreement regarding the $8.5 billion revamp of Chicago’s O’Hare International Airport. However, this agreement comes after months of disputes over escalating costs for the project. Although the parties involved have stated that they have found a solution to prevent further delays
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In the span of a few months, the market experienced a drastic shift in rate expectations, with seven quarter-point rate cuts being priced in by the end of 2024. This shift was largely attributed to Jerome Powell’s “dovish pivot” and the new FOMC December dot plot predicting additional cuts in 2024. However, fast forward to
Recent trends in the housing market have shown a significant increase in mortgage rates compared to the beginning of the year. However, there was a slight pullback in rates last week after a continuous period of rising rates. This adjustment sparked new interest in refinancing among homeowners. The average contract interest rate for 30-year fixed-rate
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The recent comments from Federal Reserve officials have sparked a wave of speculation in the market regarding U.S. interest rate cuts. This has led to a weakening of most Asian currencies, while the dollar has strengthened. The Japanese yen, in particular, has been struggling to maintain its value against the dollar, despite warnings from government