Fed expected to raise rates as market falters
Stocks closed broadly lower as traders awaited the Federal Reserve meeting to decide the rate hike likely to be three quarters of a point. The S&P 500 fell 1.1 percent, Dow and Nasdaq slid about 1 percent amid rising yields and easing oil prices.
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47 Charged in Pandemic Fraud Scheme in Minnesota
Federal prosecutors charged 47 people in Minnesota in a sweeping pandemic fraud case claiming $250 million from USDA child nutrition programs. Defendants formed sponsors like Feeding Our Future, submitted fake meal claims, and used funds for luxury goods as officials warn of ongoing investigations and potential further recoveries.
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Ags push networks to drop gun store tracking code
A group of Republican attorneys general urge Visa Mastercard and American Express to abandon plans to track gun store sales under ISO merchant codes citing privacy and civil rights concerns. They warn of legal action while banks court the policy amid congressional scrutiny and a GM Hertz EV deal expands rental options.
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