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Private Reports Suggest US Job Market Weakened in October
The U.S. economy shed jobs in October amid losses in the government and retail sectors, while cost-cutting and the adoption of artificial intelligence by businesses led to a surge in announced layoffs, data showed Thursday.
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US Holiday Sales Set to Top $1 Trillion for First Time
U.S. holiday sales are expected to surpass $1 trillion for the first time, the National Retail Federation forecast Thursday.
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Secession or Submission: Brussels Steps Up the Pressure
Europe's deepening economic crisis and a rising conservative front in Eastern Europe are putting the European Union under pressure. Brussels is responding repressively to this growing strain, stepping onto the thin ice of censorship and thought control.
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FAA to List Airports Where Mass Flight Shutdowns Come
Travelers through some of the busiest U.S. airports can expect to learn Thursday whether they will see fewer flights as the government shutdown drags into a second month.
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Wall Street Girds for Life Under Mayor Zohran Mamdani
Wall Street was preparing to work alongside Zohran Mamdani a day after the Democratic Socialist won the New York City mayoral race, a win set to reverberate through the heart of global capitalism as financiers worry the city's competitiveness and business appeal could...
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Challenger: October Layoffs Surge to Two-Decade High
U.S.-based employers cut more than 150,000 jobs in October, marking the biggest reduction for the month in more than 20 years, a report by Challenger, Gray & Christmas said Thursday as industries adopt AI-driven changes and intensify cost cuts.
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Fmr Commerce Secretary Warns of Market Confusion If Court Nixes Tariffs
Former Commerce Secretary Wilbur Ross warned that financial markets could face major confusion if the Supreme Court strikes down President Donald Trump's tariffs, the Washington Examiner reported.
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New York Fed: Household Debt Up Modestly in Q3
Overall U.S. household debt levels increased modestly in the third quarter as borrowing in some form of trouble stabilized and student loan woes increased, the New York Federal Reserve said Wednesday.
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US Service Sector Activity Accelerates in October
U.S. services sector activity picked up in October amid a solid increase in new orders, but subdued employment pointed to lackluster labor market conditions against the backdrop of economic uncertainty stemming from tariffs on imports.
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World Economic Forum Chief Warns of 3 'Bubbles'
The world should watch out for three possible bubbles in financial markets, including artificial intelligence, the head of the World Economic Forum said Wednesday, in comments that came amid sharp falls in global technology stocks.
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US Private Payrolls Rebound Sharply in October
U.S. private payrolls rebounded sharply in October, the ADP employment report showed Wednesday.
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Supreme Court to Make Final Decision on Trump Tariffs
Three lower courts have ruled illegal President Donald Trump's use of emergency powers to impose worldwide tariffs. Now the Supreme Court, with three justices Trump appointed and generally favorable to muscular presidential power, will have the final word.In roughly two...
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Mamdani Victory Signals Earthshaking Shift in NYC Politics
Democratic socialist Zohran Mamdani has been elected mayor of New York City, defeating former Gov. Andrew Cuomo and Republican Curtis Sliwa in a race that has upended decades of establishment dominance in city politics.
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Expect Trade Policy Chaos If Tariffs Lose at SCOTUS
Expect Trade Policy Chaos If Trump's Tariffs Lose at SCOTUS
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Germany Is Bleeding Out
Capital on the Run
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Artificial Intelligence Is Eating the Jobs Market
The U.S. economy is in a tougher spot than when President Donald Trump returned to the Oval Office.
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Merz, EU Bureaucracy & Germany's Illusion of Reform
In his government statement on October 16, Chancellor Friedrich Merz criticized European overregulation. He cited his own program for cutting bureaucracy in Germany.
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America's Balance Sheet: $300 Trillion in Assets
Our Citizen Shareholders Are Getting Ripped Off
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US Manufacturing Contracts Further in October
U.S. manufacturing contracted for an eighth straight month in October as new orders remained subdued, and suppliers were taking longer to deliver materials to factories against the backdrop of tariffs on imported goods.
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NYC Mayoral Race Has National Ramifications
If voters choose Mamdani, New York loses. And with it, America risks losing a little more of its dynamism, and its soul.
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Government Shutdown Is a Result of the Failures of Obamacare
As the government shutdown drags into its fifth week, the root cause is becoming harder to ignore: the Affordable Care Act (ACA), better known as Obamacare, has failed to deliver on its promises.
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Chinese Buyers Purchase Brazilian Soybeans on Price Edge Over US
Chinese soybean importers have stepped up purchases of Brazilian cargoes in recent days as South American prices have eased on expectations a Beijing-Washington trade deal will pave the way for the resumption of U.S. oilseed sales.
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Officials Expect Supreme Court to Uphold Trump's Tariffs
U.S. factory equipment maker OTC Industrial Technologies has long used low-cost countries to supply components - first China and later India - but President Donald Trump's series of tariffs on multiple trade partners has reshaped supply chain calculations for CEO Bill...
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Industrial Giants Regain Footing as Tariff Turmoil Recedes
Industrial companies have been on a roller-coaster this year as they tried to adjust to the shifting trade policies of U.S. President Donald Trump, but this quarter, executives suggested the confusion may be receding as corporations have had time to adjust to higher levies...
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Bessent: High Interest Rates May Have Caused Housing Recession
Parts of the U.S. economy, particularly housing, may already be in recession because of high interest rates, U.S. Treasury Secretary Scott Bessent said Sunday, repeating his call for the Federal Reserve to accelerate rate cuts.