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Investors Eye Holiday Season Turbulence
Stock market investors are preparing for a turbulent year-end sparked by uncertainty over near-term Federal Reserve interest rate cuts and mounting worries that artificial intelligence companies, which have propelled the market to new records this year, are overvalued.The...
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Meta Hid Evidence of Social Media Harm, Court Filings Claim
Meta shut down internal research into Facebook and Instagram after finding causal evidence the platforms harmed users’ mental health, according to unredacted filings in a class-action lawsuit by U.S. school districts.
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LA Container Ship Fire Burns Overnight, Triggers Brief Shelter-in-Place
A fire on a container ship docked at the Port of Los Angeles was nearly contained Saturday afternoon, though authorities were still assessing whether enough hazardous material burned to cause significant contamination.
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Dick Morris to Newsmax: Jobs Report Shows Trump Clearly Catching Up
Political consultant Dick Morris told Newsmax the delayed September jobs report showing 119,000 new positions is evidence that President Donald Trump is "clearly catching up" on growth while restraining price increases.
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Swiss Economy Chief Says U.S. Could Cut Tariffs to 15% in December
The United States' general tariff of 39% on imports from Switzerland could be cut to 15% from early December, Swiss Economy Minister Guy Parmelin told the broadcaster SRF in an interview aired on Saturday.
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Dem States Allow Wasting $500M SNAP Funds on Fast Food
Iowa Republican Senator Joni Ernst came out swinging at Democrat-led states for allowing hundreds of millions of government food aid to be spent at fast-food establishments. "The ‘N' in SNAP stands for nutrition – not nuggets with a side of fries," said Ernst.
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Daily Mail Owner Strikes $650 Million Deal to Buy The Telegraph
Daily Mail owner DMGT said on Saturday it had struck a $650 million deal to buy rival newspaper The Telegraph in a tie-up that would create one of the most powerful right-leaning media groups in Britain.
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Parents Seek Answers on Early ByHeart Botulism Cases
As health officials investigate more than 30 cases of infant botulism linked to ByHeart baby formula since August, parents who say their children were sickened with the same illness months before the current outbreak are demanding answers, too.
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Fed's Collins: Monetary Policy in Right Place
Federal Reserve Bank of Boston President Susan Collins said Saturday that she's still leaning against the U.S. central bank cutting its interest rate target next month as it faces ongoing risks to both its inflation and job mandates.
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Trump Admin. Preps Tariff Fallback Before Court Ruling
The Trump administration is working on fallback options in case the Supreme Court strikes down any of his major tariff decisions, with the aim of replacing the levies as quickly as possible, Bloomberg News reported Saturday, citing people familiar with the matter.
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US Consumer Bureau Moves to Limited Oversight, Not Dismantling
The U.S. Consumer Financial Protection Bureau announced Friday it intends to continue supervising financial institutions on a limited basis in 2026, signaling a shift from acting Director Russell Vought's previous pledge to completely dismantle the agency.
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Tyson to Close Beef Plant as Cattle Supplies Dwindle
Tyson Foods will close a beef plant in Lexington, Nebraska, with about 3,200 employees after U.S. cattle supplies dropped to their lowest level in nearly 75 years, the meatpacker said Friday.
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IRS Turns AI Agents Loose on Taxpayers
The Internal Revenue Service has quietly begun using Salesforce's Agentforce artificial intelligence platform in three major divisions.
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Wall Street Indexes Jump as Rate Cut Bets Increase
U.S. stocks ended sharply higher Friday as traders boosted bets on an interest rate cut by the Federal Reserve next month, while all three of the major indexes posted losses for the week amid concerns over lofty technology valuations.
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US May Let Nvidia Sell H200 Chips to China: Sources
The Trump administration is considering greenlighting sales of Nvidia's H200 artificial intelligence chips to China, people familiar with the matter said, as a bilateral detente boosts prospects for exports of advanced U.S. technology to China.
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Bidders for Warner Bros Face Barrage of Political, Regulatory Risks
Paramount Skydance, Comcast and Netflix are bidding to buy Warner Bros Discovery, but each company's bid faces its own political and regulatory risks.
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House Demands Big Banks Hand Over Records
House Judiciary Committee Chair Jim Jordan, R-Ohio, expanded his investigation into what he calls the Biden administration's "politicized" law-enforcement campaign against President Donald Trump.
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US Manufacturing Slows as High Prices Curb Demand
U.S. factory activity slowed to a four-month low in November as higher prices because of tariffs on imports restrained demand, leading to a piling up of unsold goods that could hinder growth in the overall economy.Relief for manufacturers is unlikely to come soon as the...
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Red Cross to Cut 3,000 Jobs Amid Donor Fatigue
The International Committee of the Red Cross will reduce its 2026 budget by nearly a fifth to 1.8 billion Swiss francs ($2.2 billion) and cut 2,900 jobs, it said in a statement Friday, as its top donor the United States and others pare back support.
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US Cancels Release of CPI Report for October
The U.S. Bureau of Labor Statistics said Friday it had canceled the release of October's consumer price report because the recently ended government shutdown had prevented the collection of data.
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Nokia to Invest $4 Billion on AI in the United States
Finland's Nokia said Friday it plans to invest $4 billion in research, development and production in the United States to accelerate innovation in artificial intelligence network connectivity.
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Wall St Rises on Stronger December Rate-Cut Bets
Wall Street's main indexes opened higher Friday as traders raised bets on an interest rate cut by the Federal Reserve in December following commentary from policymakers, with tech stocks stabilizing after last session's rout.
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Major Brokerages Divided Over Fed's Next Move
Global brokerages are split over whether the U.S. Federal Reserve will cut interest rates in December or hold them, following conflicting signals on job growth and unemployment earlier in the week.
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US Wholesale Inventories Revised Higher in August
U.S. wholesale inventories were unchanged in August as increases in stocks of long-lasting manufactured goods like motor vehicles offset decreases in prescription medication and paper.
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Lilly 1st Drugmaker to Join Trillion-Dollar Club
Eli Lilly hit $1 trillion in market value Friday, making it the first drugmaker to enter the exclusive club dominated by tech giants and underscoring its rise as a weight-loss powerhouse.