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Elon Musk: 3 Percent of Journalists Republican
Billionaire Elon Musk said just 3% of journalists are Republicans, writing on X on Sunday that it is "borderline illegal in newsrooms to be a Republican journalist."
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Shrinking Bar Tabs a Buzz Kill for Distillers
Meaghan Dorman's five New York bars look just as full as they always do in December - packed with couples on dates, holiday get-togethers and business meet ups.
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Investment Outlook for Trump 2.0 & Fed Easing
U.S. investors are preparing for a swathe of changes in 2025, from tariffs and deregulation to tax policy, that will ripple through markets as President-elect Donald Trump returns to the White House, putting the focus on whether the U.S. economy can continue to...
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Lawmakers Want to Ban Chinese-Made Drones
Russell Hedrick, a North Carolina farmer, flies drones to spray fertilizers on his corn, soybean and wheat fields at a fraction of what it would cost him to use a conventional ground spreader.As a volunteer rescuer, Hedrick uses thermal drones to search for people trapped...
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Investors Hope for US Stock Market Trifecta in 2025
Investors are expecting more gains for the U.S. stock market in 2025 after two straight standout years, fueled by a solid economy supporting corporate profits, moderating interest rates and pro-growth policies from incoming president Donald Trump.
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Shutdown Could Cost Travel Sector $1B Each Week
A partial government shutdown could cost the U.S. travel industry $1 billion per week and lead to widespread disruptions for travelers, a trade group representing airlines, hotels and other travel companies said Friday.
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Luxury Labels Appeal to Masses With Lower-Priced Goods
Confronting a broad decline in demand for their usual fare, including $3,000-and-up handbags and $4,000-and-up cashmere jackets, major marketers of designer and luxury merchandise are broadening their product lines to emphasize scarves, belts, wallets and home goods priced...
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Stores Target $10 & Under Gifts for the Cash-Strapped
Retailers including Target and Walmart are stocking shelves with more toys and gifts such as Barbies that cost less than $10 this holiday season, a strategy aimed at attracting cash-strapped shoppers.
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Survey: 75 Percent of Global CEOs High on 'Trump Effect'
The election of President-elect Donald Trump has the overwhelming majority of global CEOs optimistic about the worldwide financial market, according to new a survey released Wednesday by Teneo.
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Carmakers Rally on Honda-Nissan Talks
Global shares and the U.S. dollar edged up Wednesday as investors made last-minute adjustments to portfolios in the countdown to the year's final flurry of central bank meetings, while news of a potential Nissan-Honda tie-up lifted car stocks.
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As Bitcoin Soars, Luxury Brands Consider Accepting Crypto Payments
Bitcoin's soaring value has caught the attention of high-end fashion brands and retailers, prompting further interest in offering cryptocurrencies as a means of payment to tap in to fresh pockets of wealth and build loyalty with crypto investors.
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Cozying up to Trump, Big Tech May Seek Lenient AI Oversight
In a string of visits, dinners, calls, monetary pledges and social media overtures, big tech chiefs - including Apple's Tim Cook, OpenAI's Sam Altman, Meta's Mark Zuckerberg and Amazon's Jeff Bezos - have joined a parade of business and world leaders in trying to improve...
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Nasdaq Tops NYSE in Listings for 6th Straight Year
Exchange operator Nasdaq is on track to beat the New York Stock Exchange on listings for the sixth straight year in 2024, as Wall Street looks for a bumper crop of initial public offerings in 2025.
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Report: Price Hikes Add $815M to US Drug Spending in 2023
Price increases for five of the 10 drugs that contributed the most to a rise in U.S. medical spending in 2023 were not supported by clinical evidence and drove costs higher by $815 million, an influential drug pricing watchdog said Thursday.
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Eric Trump: 'Sensible Plan' for Crypto Long Overdue
President-elect Donald Trump has long been an avowed deregulator, but when it comes to the novel industry of cryptocurrency, there is an overdue need for "sensible" regulatory action amid his campaign vow to make America the "crypto superpower of the world," according to Eric Trump.
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Investment Banks Eye 2025 Income Boom as Trump Drives Deal Rebound
President-elect Donald Trump's return to the White House is seen fueling a dealmaking revival that could bolster investment banking income to $316 billion globally next year, a jump of about 5.7% on 2024, data seen by Reuters shows.
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The 'Trump Trade' Powers on, One Month in
It's been exactly a month since the U.S. presidential election delivered victory for Republican Donald Trump and his proposed "America First" agenda.
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Gordon Chang: US Relying on China for Rare Earths
Appearing on Newsmax Wednesday, Gordon Chang, a China expert and author, said the United States' dependence on China for rare earth minerals is a growing vulnerability, exacerbated by recent Chinese export restrictions.
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US Stock Markets - Powerhouse or Bubble?
American exceptionalism is alive and well among global investors, attracted by U.S. companies' global reach and technological innovation - but is this a bubble about to burst?
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US Unveils Fresh Export Curbs Aimed at China's Chips
The United States announced new export restrictions Monday targeting China's ability to make advanced semiconductors, drawing swift condemnation from Beijing as competition deepens between the world's two biggest economies.
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Firms Bolster FX Hedges on Looming Trump Tariffs
Multinational companies are beefing up their foreign exchange hedging strategies to guard their overseas earnings from larger currency swings that could come from a second Donald Trump presidency.
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Poll: S&P 500 to Gain Over 8% by 2025 Year-End
The S&P 500 will rise over 8% between now and end-2025 as U.S. interest rate cuts and potentially less regulation under President-elect Donald Trump extend the market's strong run, according to a Reuters poll of equity strategists.
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Trump Vows to Ban $267M 'Censorship Cartel'
President-elect Donald Trump vowed to dismantle what he calls a "censorship cartel" as a new report shows combating "misinformation" has cost taxpayers $267 million, the New York Post reported.
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Amazon Says Robots to Result in More Skilled Jobs
Amazon has introduced a handful of robots in its warehouses that the e-commerce giant says will improve efficiency and reduce employee injuries.
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JPMorgan Sees Drop in Oil Prices Under Trump
J.P.Morgan Friday predicted a decline in oil prices during President-elect Donald Trump's upcoming term, citing his commitment to defeating inflation by reducing energy prices.