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Inflation Rose to 2.8% in November, Key Gauge Shows
The Federal Reserve's preferred inflation gauge ticked up in November in the latest sign that prices remain stubbornly elevated.
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Hassett: New Fed Chair Should Be 'Independent Person' Who Respects Mandates
White House adviser Kevin Hassett, one of the candidates in the running to replace Federal Reserve Chair Jerome Powell, told CNBC in an interview on Thursday that the central bank's new chair should be "an independent person who respects the mandates."
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Paramount Extends Warner Bros. Tender Offer to Feb. 20
Skydance-owned Paramount is again extending the tender offer window in its $77.9 billion hostile takeover bid for Warner Bros. Discovery, while doubling down on a coming proxy fight.Warner stockholders now have until Feb. 20 to sell their shares to Paramount for $30 apiece...
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US 3rd-Quarter Economic Growth Revised Upward to 4.4%
The U.S. economy grew a bit faster than initially thought in the third quarter, the government said Thursday, while corporate profits were also revised higher.
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Hour of the Opponents in Davos
Machiavelli is Dead, Long Live Freedom
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US Weekly Jobless Claims Increase Marginally
The number of Americans filing new applications for unemployment benefits increased less than expected last week, suggesting the labor market maintained a steady pace of job growth in January.
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P&G Revenue Misses Due to Weak US Spending
Procter & Gamble Thursday fell just short of Wall Street expectations for its second-quarter revenue, held back by weak consumer spending in core categories such as U.S. laundry detergent and toilet paper, which overshadowed strength in its beauty products.
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Morning Bid Americas: Davos Détente
World stocks bounced back after Trump's U-turn on Greenland tariffs late Wednesday, leaving markets pondering what the whole four-day drama was for - except as a reminder of how erratic U.S. policymaking has become.
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Higher Heating Costs Add to US Affordability Crunch
Madeline Marchiano realizes that this winter's runaway heating prices mean she can't afford to raise her thermostat enough to warm her entire South Philadelphia rowhouse.
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US Stock Futures Rise Further on Greenland Relief
U.S. stock index futures rose Thursday, signaling fresh buying momentum on Wall Street after President Donald Trump backed down from threats to impose tariffs against European countries, easing concerns about a new global trade war.
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US Energy Secretary Urges Doubling Global Oil Output
The world needs to more than double oil production, U.S. Energy Secretary Chris Wright said Thursday, while criticizing the European Union and the U.S. state of California for wasting money on what he described as inefficient green energy.
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New Global Trade Map Takes Shape in Davos
President Donald Trump's use of tariffs as a foreign policy tool added fresh impetus in Davos this week to efforts to boost global trade beyond the U.S., with frustration palpable among many of Washington's top trading partners.
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Holt to Newsmax: Trump Is Playing Europe Masterfully
Retired Air Force Brig. Gen. Blaine Holt took to Newsmax on Wednesday to praise how President Donald Trump is dealing with the leaders of Europe.
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Gov. Newsom: State Department Axed Davos Speech
California Gov. Gavin Newsom said the State Department was to blame after his scheduled Wednesday talk with Fortune magazine at the World Economic Forum in Davos, Switzerland, was canceled at the last minute.
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Rep. Kevin Kiley to Newsmax: California Fraud Scale Is Unknown
Rep. Kevin Kiley, R-Calif., warned on Wednesday that California's public-funds fraud problem may be far larger than investigators have documented, as major cases and waste claims pile up.
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Senate to Hold Ticket Pricing Hearing With Kid Rock
A U.S. Senate Commerce Committee panel will hold a hearing next week on efforts to crack down on unfair ticketing issues that will include an executive from Ticketmaster-parent company Live Nation and singer Kid Rock, a Senate aide told Reuters. The Justice Department and ...
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House Panel Finds CVS May Have Broken Antitrust Laws
CVS Health may have violated federal antitrust laws by pressuring independent pharmacies to avoid using money-saving services outside the company's pharmacy benefit manager network, according to a House Judiciary Committee report released Wednesday, The Hill reported.
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Theranos Founder Holmes Asks Trump for Clemency
Theranos founder Elizabeth Holmes has asked President Donald Trump to commute her sentence after she was convicted of defrauding investors in her now-defunct blood-testing startup that was once valued at $9 billion, a notice on the Justice Department website showed.
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Trump Says He May Be Down to One Fed Chair Candidate
U.S. President Donald Trump Wednesday indicated he was close to choosing the new chair of the Federal Reserve, adding he liked the idea of keeping White House economic adviser Kevin Hassett in his current post.
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US Stocks Recover Half of the Prior Day's Plunge
The U.S. stock market rebounded after President Donald Trump called off Greenland-related tariffs that he had threatened to impose on Europe.
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FCC: Talk Shows Must Offer Equal Time to Candidates
The Federal Communications Commission said on Wednesday that interviews with political candidates during broadcast late-night or daytime talk shows appear not to qualify for the exemption from "equal time" rules for rival political candidates.
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Apple to Revamp Siri as a Built-In Chatbot
Apple plans to revamp Siri later this year by turning the digital assistant into the company's first artificial intelligence chatbot, Bloomberg News reported Wednesday.
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Wall Street Rebounds as Trump Announces Framework for Greenland Deal, Calls Off Tariffs
The U.S. stock market is bouncing back from its worst day since October on Wednesday after President Donald Trump said he'd reached the framework of a deal about Greenland, an island he's long coveted, and won't impose tariffs he had threatened on several European...
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Trump Calls Market Pullback 'Peanuts,' Touts Nuclear Push at Davos
President Donald Trump brushed off a recent pullback in equities on Wednesday, telling an audience at the World Economic Forum in Davos that the dip was "peanuts" compared with the market's gains and predicting stocks would "double" over time.
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Stellantis Just Pulled the Plug on the Hybrids - And No One Is Being Straight About Why
Jeep bet huge on electrification. It promised buyers they could keep everything that made a Jeep a Jeep: capability, toughness, and identity while adding electric efficiency. For a brief moment, that bet paid off.