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European Postal Services Pause US Deliveries Due to Tariffs
Multiple postal services around Europe announced Saturday that they are suspending the shipment of many packages to the United States amid a lack of clarity over new import duties.
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Record 58K Home Purchase Cancellations in July
Prospective home buyers in the U.S. set an all-time high record of purchase contract cancellations in July. Redfin reported the total number of cancellations across America at 58,000.
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Trump: 'Radical Left' CBO 'Admitted' I'm Right on Tariffs
Even the Congressional Budget Office (CBO) is now conceding to the mantra President Donald Trump "is right about everything" with regard to tariffs.
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Powell Faces Fresh Challenges Amid Potential Rate Cuts
Now that Federal Reserve Chair Jerome Powell has signaled that the central bank could soon cut its key interest rate, he faces a new challenge: how to do it without seeming to cave to the White House's demands.
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Fitch Affirms US Credit Rating at 'AA+'
Fitch affirmed the United States' long-term foreign currency issuer default rating at "AA+" on Friday, citing the country's large, high-income economy and exceptional financing flexibility tied to the dollar's role as the top global reserve currency.
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Yes, Zohran Mamdani Can Be Beaten
The most recent poll by Gotham Polling shows that New York mayoral candidate Zohran Mamdani’s negative ratings are rising but that his vote share is not yet dropping.
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Mamdani's Optics Go From Bad to Worse
During an appearance at a church recently, Mamdani made it clear that he is not a fan of President Donald Trump's ongoing campaign to remove violent illegal immigrants from the United States.
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Democrats' Plan for Success: Don't Be American
Democrats have a plan for success: If they can just discard the foundational principles that distinguish the United States from all other countries in the world, they can once again return to power.
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Trump Trade Defines Global Economic Future
President Donald J. Trump, singlehandedly, is attempting to reset the complete global order of trade relationships between the United States and every other country.
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Powell: Monetary Policy Back on Traditional Footing
Federal Reserve Chair Jerome Powell on Friday announced an updated operating framework more oriented toward traditional efforts of promoting price stability, supplanting what had been a troubled effort that biased central bank policy toward its job mandate over its...
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WH Welcomes Canada's End to Retaliatory Tariffs
The White House on Friday said it welcomed a report that Canada would remove many retaliatory tariffs on U.S. goods as a goodwill gesture designed to restart stalled trade talks.
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Small-Caps, Housing Rally on Rate-Cut Prospects
Rate-sensitive stocks rallied Friday after U.S. Federal Reserve Chair Jerome Powell hinted that an interest-rate cut could be on the table in September, citing a shifting balance of risks.
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Trump: Will Fire Fed's Cook If She Doesn't Resign
President Donald Trump on Friday said he would fire Federal Reserve Gov. Lisa Cook if she doesn't resign.
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Powell Signals Fed May Cut Rates Soon Even as Inflation Risks Remain
Federal Reserve Chair Jerome Powell Friday opened the door ever so slightly to lowering a key interest rate in the coming months but gave no hint on the timing of a move and suggested the central bank will proceed cautiously as it continues to evaluate the impact of tariffs...
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As White House Watches, Fed's Powell to Hint Yes or No on Rate Cuts
U.S. Federal Reserve Chair Jerome Powell's speech to the annual Jackson Hole economic conference Friday comes amid unprecedented pressure on the central bank from President Donald Trump, but mixed economic data may pull Powell toward a middle ground that leaves major...
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Fed Officials Lukewarm on September Rate Cut
Three Federal Reserve officials appeared lukewarm on Thursday to the idea of an interest rate cut next month, as investors geared up for U.S. central bank chief Jerome Powell's speech to the annual Jackson Hole conference in Wyoming.
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DOJ Urges Cook's Removal From Fed, Launches Probe
The U.S. Justice Department plans to investigate Federal Reserve Governor Lisa Cook, with a top official informing Federal Reserve Chair Jerome Powell of the probe and encouraging him to remove her from the board, it was reported Thursday. A letter to Powell from Ed ...
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Germany's Industry in Accelerated Decline
Germany's industrial sector has made headlines for years - none of them good. Now, a new report by consultancy EY (Ernst & Young) lays bare the full extent of the economic deterioration in what was once the Federal Republic's growth engine.
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US Home Sales Rise as Mortgage Rates Ease a Bit
Sales of previously occupied U.S. homes rose in July as homebuyers were encouraged by a modest pullback in mortgage rates, slowing home price growth and the most properties on the market in five years.
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US Business Activity Picks Up; Factories Lead the Way
U.S. business activity picked up pace in August, led by a resurgent manufacturing sector that saw the strongest growth in orders in 18 months, a purchasing managers survey showed Thursday.
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Unemployment Claims Rise to Highest Since June
The number of Americans filing new applications for jobless benefits rose by the most in about three months last weekin an initial signal that layoffs may be picking up and adding to signs the labor market is weakening.
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US, EU Lock in Trade Deal; US Official Sees Auto Tariff Relief in Weeks
The United States and the European Union on Thursday locked in a framework trade deal reached last month that includes a 15% U.S. tariff on most EU imports, including autos, pharmaceuticals, semiconductors and lumber. In a 3-1/2-page joint statement, the two sides listed the...
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Fed Dissenters Appeared Alone in Favoring Rate Cut at July Meeting, Minutes Show
The two Federal Reserve policymakers who dissented against the U.S. central bank decision's to leave interest rates unchanged last month appear not to have been joined by other policymakers in voicing support for lowering rates at that meeting, a readout of the gathering...
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Digital Euro: ECB Pushes Hard for Control Currency
During an appearance on the talk show Maischberger, ECB President Christine Lagarde emphasized the importance of the digital euro for the future of the Eurozone. One wonders: why the sudden urgency?
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Powell's Last Jackson Hole Speech Could Pack a Punch
Financial markets are taking in a collective breath ahead of Jerome Powell's eighth and final keynote Jackson Hole speech as Federal Reserve Chair.