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A Chaotic But Good Stock Market for 1st Half of 2025
There was certainly no shortage of stock market volatility in the first half of 2025. Investors entered the year coming off back-to-back years with over 20% gains in the S&P 500.
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Trump: Powell Should Resign If He Misled Congress
President Donald Trump called on Federal Reserve Chairman Jerome Powell to resign if he misled Congress during recent testimony.
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US Interior Proposes Rules to Boost Oil, Gas in the West
The U.S. Interior Department proposed rule changes to allow energy companies to more easily combine oil and gas output from multiple leases using the same well pad, which could save the industry as much as $1.8 billion per year, it said.
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Trump: 'No Extensions' for Aug. 1 Tariff Deadline
President Donald Trump made clear on Tuesday that he would not be granting any extensions for the tariffs his administration is set to impose on dozens of countries on Aug. 1."As per letters sent to various countries yesterday, in addition to letters that will be sent...
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Getting Smart About Tariffs
Tariffs can reduce trade deficits, shrink federal budget deficits, enable income tax cuts, boost manufacturing, and leverage trading partners to lower barriers to our exports.
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NYC Real Estate Leaders Back Adams to Stop Mamdani
New York City real-estate leaders worried about democratic socialist Zohran Mamdani becoming mayor are backing incumbent Mayor Eric Adams.
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US Ocean Imports From China Tumble 28% in June
U.S. imports of containerized goods from China tumbled 28.3% year-on-year in June, after higher tariffs on goods from the country's top ocean trade partner extended a steep drop that began in May, supply chain technology provider Descartes said Tuesday.
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Amazon Prime Day to Boost US Online Sales to $23.8B: Adobe
Online spending is expected to surge 28% to $23.8 billion across U.S. retailers during a 96-hour Amazon Prime Day event this week, according to an Adobe Analytics forecast released Monday.
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US Small Business Sentiment Ticks Down in June
U.S. small-business confidence slipped in June, as firms overall felt they had too much inventory on hand amid ongoing trade tensions and declining optimism over the outlook for sales.
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China Warns Trump on Tariffs, Vows Supply Chain Retaliation
China warned the Trump administration Tuesday against reigniting trade tension by restoring tariffs on its goods next month, and threatened to retaliate against nations that strike deals with the United States to cut China out of supply chains.
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US Corporate Heads Who Got Involved in Politics
Tesla CEO Elon Musk last week announced on social media the formation of a new political party in the United States called the "America Party" after heavy criticism of U.S. President Donald Trump's sweeping tax and spending bill.
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Navarro: Apple's Cook Not Moving Production Out of China Fast Enough
Apple CEO Tim Cook isn't moving production out of China fast enough, White House trade adviser Peter Navarro said Monday.
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Trump Slaps 25% Tariffs on Japan, South Korea
President Donald Trump on Monday placed a 25% tax on goods imported from Japan and South Korea, citing persistent trade imbalances with the two crucial U.S. allies in Asia.
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'America Party' Proof Musk Doesn't Understand Politics
This no doubt of the sheer brilliance of Elon Musk. His level of intelligence has been the catalyst for some incredible inventions that have already improved, and will continue to vastly improve, the quality of life for nearly all mankind.
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Social Security Funding and America's Looming Debt Crisis
As discussions about the nation's debt ceiling grow more contentious, questions about the strength of Social Security have taken center stage, leaving many Americans , particularly seniors , concerned about the program's future.
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South Africa: BRICS Is Push for Reformed Multi-Lateralism
South Africa's foreign ministry spokesperson said the BRICS group should be seen as a push for "reformed multi-lateralism, nothing more," after U.S. President Donald Trump accused BRICS of "anti-American policies" and threatened...
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Trump Threatens Extra 10 Percent Tariff on BRICS
President Donald Trump said the U.S. will impose an additional 10% tariff on any countries aligning themselves with the "Anti-American policies" of the BRICS group of developing nations, whose leaders kicked off a summit in Brazil on Sunday.
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OPEC+ to Boost Oil Output by 550K BPD
OPEC+ oil producers are set to approve another big output boost for September as they complete both the unwinding of voluntary production cuts by eight members and the United Arab Emirates' move to a larger quota, five sources said.
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Bessent: US Close to Several Major Trade Deals
The United States is close to reaching agreements on several trade deals ahead of a July 9 deadline when higher tariffs kick in, U.S. Treasury Secretary Scott Bessent said on Sunday, predicting several big announcements in coming days.Bessent told CNN's "State of the Union"...
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US, EU No Closer to Tariff Deal
With less than a week to go before the 90-day reprieve on their reciprocal tariffs expires, the United States and the European Union have yet to iron out key components of a trade deal that could ignite another tariff war, CNBC reported Friday.
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Without Strategic Tariffs U.S. Defenses Weakened
Meanwhile, the U.S. has spent decades offshoring its industrial capacity. We can't outsource missile production, AI infrastructure, or the material that holds our aircraft together. Yet this is exactly what America has been doing for decades. Tariffs must be a scalpel, not a hammer.
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How Trump Is Boosting the Job Market
Roughly half a year into his second stint in the White House, President Donald Trump is starting to shape portions of the U.S. job market through his policy changes, including aggressive crackdowns on immigration and reductions in the federal workforce.
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Bessent: Trump to Focus on Fed Chair Replacement in the Fall
The Trump administration will focus on finding a replacement for Federal Reserve Chairman Jerome Powell this fall, U.S. Treasury Secretary Scott Bessent told CNBC Thursday, adding that officials had "a lot of good candidates."
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US Trade Deficit Widens in May on Weak Exports
The U.S. trade deficit widened sharply in May as exports fell, but subsiding imports suggested trade could still lead an anticipated rebound in economic growth in the second quarter.
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Unemployment Claims Fall to 233K as Layoffs Remain Low
Fewer Americans applied for unemployment benefits last week as layoffs in the U.S. remain low despite uncertainty about how tariffs will impact the economy.