#NYC footage shows fatal shooting of 14-year-old in the Bronx

#NYC footage shows fatal shooting of 14-year-old in the Bronx

“NYC footage shows fatal shooting of 14-year-old in the Bronx” Chilling surveillance video captured the fatal shooting of a 14-year-old boy on a Bronx sidewalk Wednesday night — and the bloodthirsty gunmen fleeing the scene still clutching their guns. The teen victim is seen walking with his 15-year-old brother in Fordham Heights around 9:15 p.m….

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#Mortgage rates fall for third straight week

#Mortgage rates fall for third straight week

“Mortgage rates fall for third straight week” The average long-term US mortgage rate ticked down for the third week in a row and have fallen more than a half-point since hitting a 20-year high less than a month ago. Mortgage buyer Freddie Mac reported Thursday that the average on the benchmark 30-year rate fell to…

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#Morgan Stanley CEO James Gorman making ‘modest’ job cuts

#Morgan Stanley CEO James Gorman making ‘modest’ job cuts

“Morgan Stanley CEO James Gorman making ‘modest’ job cuts” Morgan Stanley is making modest job cuts across the globe, Chief Executive James Gorman said, as Wall Street comes under pressure with dealmaking slowing down. “Some people are going to be let go,” Gorman said at the Reuters NEXT conference, without specifying numbers. “We’re making some modest cuts all over…

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#Jobless claims fall by 16,000 after surging a week earlier

#Jobless claims fall by 16,000 after surging a week earlier

“Jobless claims fall by 16,000 after surging a week earlier” Initial claims for state unemployment benefits dropped 16,000 to a seasonally adjusted 225,000 for the week ended Nov. 26. That unwound some of the surge in the prior week, which had boosted claims. While some of the rise reflected a surge in layoffs in the technology sector, claims also tend to…

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#Fed inflation gauge shows October prices eased to 6%

#Fed inflation gauge shows October prices eased to 6%

“Fed inflation gauge shows October prices eased to 6%” A measure of inflation that is closely monitored by the Federal Reserve eased but remained at an elevated level in October, likely reinforcing the Fed’s intent to keep raising interest rates to cool the economy and slow the acceleration of prices. Thursday’s report from the Commerce Department showed…

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