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Lutnick: US to Take in '$30 Billion a Month' From Tariffs
Commerce Secretary Howard Lutnick this week defended President Donald Trump's widespread tariffs on imports, saying the U.S. will earn "more than $30 billion a month."
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Bessent Expects US-China Trade Talks to Continue In Person
U.S. Treasury Secretary Scott Bessent said Friday he expects the U.S. and China to continue in-person trade negotiations soon.
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US New Home Sales Unexpectedly Rise
Sales of new U.S. single-family homes unexpectedly increased in April as builders lowered prices to lure buyers, but rising mortgage rates and an uncertain economic outlook remain constraints for the housing market.
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Trump Wants 50% Tariff on EU
President Donald Trump on Friday said he wants "a straight 50% Tariff" on the European Union beginning June 1 because trade talks are stuck.
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US Ukraine Withdrawal: ECB Warns of Dollar Shortage
The rift between the European Union and the United States is deepening. Washington's withdrawal from the Ukraine conflict is becoming increasingly apparent - while Brussels continues to confront.
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The Democrats' 'F' Report Cards for the Past 4 Years
The four years of Democrat rule were stained by widespread problems and public disdain surrounding key social, economic, health, tax, immigration, housing, education, and public safety flaws.
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Fed's Waller Sees Path to Rate Cuts Later This Year
Federal Reserve Governor Christopher Waller said Thursday he still sees a path to interest rate cuts later this year, and added that market pricing shows investors are worried the current Republican-backed budget and tax bill in Congress does not do enough to deal with the...
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Business Activity Improves; Inflation About to Accelerate
U.S. business activity picked up in May amid a truce in the trade war between Washington and China, but President Donald Trump's sweeping tariffs on imported goods raised prices for companies and consumers.
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JP Morgan: Real Earnings Stall Across Age, Income
Inflation-adjusted earnings stalled across age and income groups over the past year, while the sometimes rapid wage gains of the COVID-19 era have left workers as a whole little better off five years later, a JPMorganChase Institute study concluded.
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Trump's Big Tax Bill Has Passed the House
House Republicans early Thursday took a major step forward on President Donald Trump's agenda, approving a legislative package that combines tax breaks, spending cuts, border security funding and other priorities.
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Unemployment Claims Fall as Job Market Remains Stable
The number of Americans filing new applications for unemployment benefits dropped last week, suggesting the economy maintained a steady pace of job growth in May.Initial claims for state unemployment benefits fell 2,000 to a seasonally adjusted 227,000 for the week ended...
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JPMorgan CEO Dimon Warns of US Stagflation Risk
JPMorgan Chase & Co CEO Jamie Dimon said that he can't rule out that the U.S. economy will fall into stagflation as the country faces huge risks from geopolitics, deficits and price pressures, Bloomberg News reported Thursday.
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17 States Take on TRUMP in EPIC EV Showdown
In a fiery clash that underscores the divide between political agendas and voter priorities, 17 states have launched a federal lawsuit against the Trump administration for halting $5 billion in funding for electric vehicle (EV) charger infrastructure.
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US Finds Significant Oil, Gas Resources in Wyoming
A new federal assessment has identified significant undiscovered, technically recoverable oil and gas resources in parts of Wyoming, Utah and Colorado, the U.S. Interior Department said Wednesday.
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Congress Must Pass a Tax Bill to Head Off a Recession
To head off a recession, Congress needs to pass a tax bill now.
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Rep. Andy Harris to Newsmax: 'Big Beautiful Bill' Got 'Worse Overnight'
The "big beautiful" budget bill will eventually pass the House, but "it's not going anywhere today," after an agreement was reached to raise the state and local tax (SALT) cap, House Freedom Caucus Chair Andy Harris, R-Md., told Newsmax on Wednesday.
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Fed Officials Expect Tariffs to Boost Prices; White House Downplays Risk
Federal Reserve officials warn that higher prices are coming on the back of rising U.S. import tariffs, with the open question now whether the inflation shock will be fleeting or more persistent.
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Nvidia CEO Calls US AI Chip Curbs on China 'a Failure'
U.S. export controls on artificial intelligence chips to China were "a failure" as they have cost American companies billions of dollars in lost sales, Nvidia Chief Executive Jensen Huang said Wednesday.
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Sen. Tuberville: Spend Less, Work More to Pay Off $36T
Sen. Tommy Tuberville, R-Ala., suggested to Newsmax on Tuesday that the U.S. needs more workers paying into the tax system and less government spending to pay the $36 trillion national debt.
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Johnson Vows 'Big, Beautiful Bill' Vote by Thursday
House Speaker Mike Johnson, R-La., vowed on Tuesday that the House would vote by Thursday on President Donald Trump's domestic agenda bill, also dubbed the "big, beautiful bill."
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Gas Prices Dip to $3.08/gallon for Memorial Day
Americans hitting the road this Memorial Day weekend will find some financial relief at the pump, with gas prices expected to hit their lowest inflation-adjusted levels since 2021, according to new data released Tuesday, The Hill reported.
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Fed's Bostic: US May Be on Brink of a Price-Hike Wave
U.S. businesses may have run out of strategies to delay changing prices or employment in response to higher import taxes, with the economy possibly on the brink of a wave of price increases, Atlanta Federal Reserve President Raphael Bostic said Tuesday.
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Bond Market Shock: Is a New Financial Crisis Looming?
On Friday, Moody's downgraded the U.S. credit rating, sending shockwaves through the bond market. Japan, in particular, is under intense pressure, with yields on its 40-year government bonds (JGBs) surging to 3.45% from 2.09% earlier this year.
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Trump Must Exploit China's Economic Vulnerability
When a nation bears the blame for more than 7 million deaths worldwide, what is Washington going to do?
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Japan Sticks to Demand for US to Eliminate Tariffs
Japan's top trade negotiator, Ryosei Akazawa, said Tuesday there was no change to Tokyo's stance of demanding an elimination of U.S. tariffs in bilateral trade negotiations.