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- Currency traders walk by the screens showing the Korea Composite Stock Price Index (KOSPI), left, and the foreign exchange rate between U.S. dollar and South Korean won at a foreign exchange dealing room in Seoul, South Korea, Tuesday, Aug. 30, 2022. Asian stocks were mixed Tuesday after Wall Street fell following last week's Federal Reserve pledge to fight inflation by keeping interest rates elevated. (AP Photo/Lee Jin-man)
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Asian stocks after Wall St pullback on Fed inflation stance
By JOE MCDONALD - AP Business Writer
Sun,08/28/22-10:04PM , 176 Reads
BEIJING (AP) — Asian stocks were mixed Tuesday after Wall Street fell following last week's Federal Reserve pledge to fight inflation by keeping interest rates elevated.

Shanghai and Hong Kong fell while Tokyo and South Korea advanced. Oil prices retreated.
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- President Joe Biden signs the Democrats' landmark climate change and health care bill in the State Dining Room of the White House in Washington, Aug. 16, 2022, as from left, Sen. Joe Manchin, D-W.Va., Senate Majority Leader Chuck Schumer of N.Y., House Majority Whip Rep. James Clyburn, D-S.C., Rep. Frank Pallone, D-N.J., and Rep. Kathy Castor, D-Fla., watch. After decades of failed attempts, Democrats passed legislation that aims to reign in the soaring costs of drugs for some Americans. (AP Photo/Susan Walsh, File)
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EXPLAINER: Lower prescription prices to take time in new law
By AMANDA SEITZ - Associated Press
Sat,08/27/22-9:48AM , 652 Reads
WASHINGTON (AP) — After decades of failed attempts, Democrats passed legislation that aims to rein in the soaring costs of drugs for some in the United States.
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- Bill Albritton of Bill Albritton Cabinetry in his workshop in Charlotte, N.C., on Aug. 24, 2022. Albritton is booked out 30 days in advance, compared to the usual 90 to 160 days. Meanwhile, his costs have gone up by more than 30% across the board. Plywood he uses jumped from $72 to $140 a sheet around Christmas. It has gone back down to $85 a sheet, but that’s still higher than it used to be. And he has trouble finding hinges at any price. (Rick Chastain/Courtesy of Bill Albritton via AP)
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Small businesses feel the pinch from slowing housing market
By MAE ANDERSON - AP Business Writer
Sat,08/27/22-8:50AM , 350 Reads
NEW YORK (AP) — The chill in the housing market is rippling out to the carpenters, landscapers and other small businesses that lose out when fewer homeowners are renovating their properties.
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- Lisa D. Cook, a member of the Board of Governors of the Federal Reserve System, takes a break at the central bank's annual symposium on Friday, August 26, 2022, at Grand Teton National Park in Moran, Wyo. (AP Photo/Amber Baesler)
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Fed tackles inflation with its most diverse leadership ever
By CHRISTOPHER RUGABER - AP Economics Writer
Sat,08/27/22-8:30AM , 351 Reads
JACKSON HOLE, Wyoming (AP) — When Diane Swonk first attended the Federal Reserve’s annual economic conference in Jackson Hole in the late 1990s, there was a happy hour for women who attended the event.
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