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Trump Likes Warsh, Hassett for Next Fed Chair in Bid to Reshape Monetary Policy
President Donald Trump has signaled a dramatic shakeup at the Federal Reserve, saying he is leaning toward Kevin Warsh or Kevin Hassett to lead the central bank next year as he pushes for sharply lower interest rates and closer coordination between the Fed and the White...
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Advocacy Groups Say Trump's AI Order Could Be Illegal
President Donald Trump's executive order aimed at blocking states from crafting their own regulations for artificial intelligence could be illegal, some consumer advocacy groups argue.
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US Could Owe $168B if Court Rules Against Tariffs
The U.S. could owe $168 billion to businesses should the Supreme Court rule that reciprocal tariffs implemented by the Trump administration earlier this year were unconstitutional.
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Fed Dissenter: Hold Off on Cuts Until More Data Arrives
A Federal Reserve board member who this week voted against a rate cut said he did so because he wants to see more economy-related data.Chicago Fed President Austan Goolsbee told CNBC he was "uncomfortable front-loading too many rate cuts" while inflation remains stubbornly...
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Tanker Seizure Signals Harder US Line on Venezuela Oil Smuggling
The oil tanker was navigating near the coast of Guyana recently when its location transponder showed it starting to zigzag. It was a seemingly improbable maneuver and the latest digital clue that the ship, the Skipper, was trying to obscure its whereabouts and the valuable...
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Experts Share Top Tips to Save Money This Holiday Season
The holiday season means time with family and new memories, but it can also mean lots of spending , sometimes too much.
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House Moves to Restore Federal Worker Bargaining Rights
Nearly two dozen House Republicans joined Democrats Thursday to pass a bill that would restore collective bargaining rights for hundreds of thousands of federal employees, an attempt to overturn an executive order that President Donald Trump issued earlier this year.
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Lawsuit Targets Alaska Oil Drilling Approval
Conservation groups and an Inupiat-aligned organization sued Thursday to block approval of an exploratory drilling program in Alaska’s National Petroleum Reserve, arguing the federal review was flawed and the project could damage caribou and key habitats.
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US to Mandate AI Vendors Measure Political Bias for Federal Sales
The U.S. government will require artificial intelligence vendors to measure political "bias" to sell their chatbots to federal agencies, according to a Trump administration statement released on Thursday.The requirement will apply to all large language models bought by...
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Russia's Lavrov Demands WH Explain Seizure of Venezuelan Oil Tanker
Russian Foreign Minister Sergey Lavrov is demanding that the Trump administration explain why U.S. forces seized a Venezuelan oil tanker.
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GOP Sen. McCormick Disputes Trump's AI Chip Sale to China
Sen. Dave McCormick, R-Pa., questioned President Donald Trump's decision to allow the export of NVIDIA's H200-class artificial intelligence chips to China as part of broader negotiations on agricultural market access.
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AI-Powered Toys for Kids Trigger Safety Warnings
Artificial-intelligence-powered toys are raising alarms among child safety advocates, who warn that the chatbot technology in talking robots and stuffed animals is untested and could expose young children to explicit content, harmful guidance, or foreign propaganda.
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Trump Tariff Strategy Positively Drives Trade Shift
President Donald Trump's tariff strategy led to a major drop in the U.S. trade deficit in September, according to a new Commerce Department report.
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WH: Trump Thinks More Work Needed to Lower Interest Rates
President Donald Trump was happy to see the Federal Reserve cut interest rates by 25 basis points this week but wants to see further reductions in borrowing costs, White House press secretary Karoline Leavitt told reporters Thursday.
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Tesla US Sales Drop to Nearly 3-Year Low in November
Tesla's U.S. sales dropped to a near three-year low in November, despite the automaker's rollout of new, cheaper versions of its bestselling electric vehicles, estimates from Cox Automotive given exclusively to Reuters showed on Thursday.
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NASCAR Reaches Settlement to End Antitrust Trial
NASCAR reached a settlement agreement Thursday with Front Row Motorsports and Michael Jordan's 23XI racing in a federal courtroom in Charlotte. The two race teams filed an antitrust lawsuit against the motorsports organization im 2024, alleging monopolist practices and...
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Disney to Invest $1B in OpenAI, License Characters to Sora
Walt Disney is investing $1 billion in OpenAI and will let the startup use characters from Star Wars, Pixar and Marvel franchises in its Sora AI video and image generator, a crucial deal that could reshape how Hollywood makes content. The partnership announced on Thursday is...
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'Architects of AI' Named Time's Person of the Year for '25
The "Architects of AI" were named Time magazine's person of the year for 2025 on Thursday. The magazine cited 2025 as the year when the potential of artificial intelligence "roared into view" with no turning back. "For delivering the age of thinking machines, for wowing and...
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Gold Eases After Divided Fed Rate Cut Vote; Silver Hits New High
Gold edged lower on Thursday, as traders weighed the U.S. Federal Reserve's divided vote on a quarter-percentage-point interest rate cut, while silver climbed to yet another record high.
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Buffett Set to Hand Berkshire Baton to Abel
Warren Buffett has embodied Berkshire Hathaway for six decades, building a mighty conglomerate with a bevy of shareholder fans and making himself arguably the world's most revered investor. As he prepares to pass the torch to Vice Chairman Greg Abel, the CEO-designate for...
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Dems Claim Trump Tariffs Have Cost US Households $1,200
Sweeping taxes on imports have cost the average American household nearly $1,200 since Donald Trump returned to the White House this year, according to calculations by Democrats on Congress' Joint Economic Committee.
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Miami Mayor-Elect Vows to Address Affordability
Eileen Higgins, the mayor-elect of Miami, said the city is at the tip of the spear of affordability at a press conference after her win Wednesday.
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Tesla Rated Most Unreliable Used Car Brand in US
Tesla may dominate headlines for its high-performance electric vehicles and industry-leading Supercharger network, but a new analysis shows the company's older models are struggling badly on the used-car market.
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McDonald's Pulls Dutch AI Christmas Ad After Criticism
Burger chain McDonald's said on Wednesday it had removed an AI-generated Christmas advertisement in the Netherlands after it was criticized online.
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SNAP Junk-Food Ban Spreads to 6 More States
Six more states have reached agreements with the Trump administration to prohibit the use of Supplemental Nutrition Assistance Program benefits to buy junk food, expanding a growing nationwide effort to steer taxpayer-funded assistance toward more sensible choices.