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Trump Executive Order Targets Spending on Grants
President Donald Trump signed an executive order on Thursday to tighten federal grant approvals, with grant award decisions to now undergo evaluation by Trump's political appointees, the White House said.
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Trump Offers Data to Justify Firing of Labor Stats Chief
President Donald Trump on Thursday alleged that jobs data had been "purposely" altered by the government's commissioner of labor statistics to bolster his predecessor, Joe Biden, presenting different figures in the wake of her firing.
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Paramount, Skydance Close $8B Merger
Skydance and Paramount officially closed their $8 billion merger on Thursday - kicking off the reign of a new entertainment giant after a contentious, over year-long endeavor to get the transaction over the finish line. The new company - which will trade under the "PSKY"...
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Trump to Nominate White House Economist to Fed Board
President Donald Trump said Thursday he will nominate Stephen Miran, chair of the White House Council of Economic Advisers, to serve as a temporary member of the Federal Reserve Board, filling a vacancy created by the departure of Gov. Adriana Kugler, The Hill reported.
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Trump Orders Regulators to Probe Alleged Bank Discrimination Against Conservatives
President Donald Trump on Thursday signed an executive order mandating a probe into whether banks have discriminated against conservatives and certain industries like gun manufacturers and cryptocurrency companies, invoking the vast powers to go after entities that the...
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Let's Choose to Tune Out Socialism's Siren Song
The difference between capitalism and socialism could not be clearer. And yet millions of Americans, including the young, fall prey to the siren song of socialism.
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US Could Become the Robotics Capital of the World
Divided as we might be, let's face it: America and much of the world quickly fell in love with C-3PO, the humanoid robot character who appears in every Skywalker "Star Wars" movie as well as in television series, novels, comics, and video games.
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US Imposes Tariffs on One-Kilo Gold Bars
The United States has imposed tariffs on imports of one-kilo gold bars, the Financial Times reported Thursday, citing a letter from Customs Border Protection.
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Expedia's Q2 Profit up on Recovering Travel Demand
Expedia reported a rise in its second-quarter profit Thursday, helped by a recovery of demand in the U.S. after President Donald Trump's tariff policies hurt travel spending in April, sending it's shares up 12% in extended trade.
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Wall Street Drifts, Taking New Tariffs in Stride
U.S. stocks drifted to a mixed finish as President Donald Trump's tariffs on dozens of countries had only a muted effect on markets worldwide.
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Trump Taps Miran to Temporarily Serve on Fed Board
U.S. President Donald Trump Thursday said he will nominate Council of Economic Advisers Chairman Stephen Miran to serve as a Federal Reserve governor.
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OpenAI's GPT-5: Access to 'PhD's on Demand'
OpenAI Thursday released the fifth generation of the artificial intelligence technology that powers ChatGPT, a product update that's being closely watched as a measure of whether generative AI is advancing rapidly or hitting a plateau.
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Stock Markets Worldwide Face Trump's New Tariffs
Stocks are slipping on Wall Street Thursday after President Donald Trump's latest tariffs took effect on dozens of countries.
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30-Year Mortgage Drops to Lowest Level Since April
The average rate on a 30-year U.S. mortgage has fallen to its lowest level in four months, welcome news for prospective homebuyers who have been held back by stubbornly high home financing costs.
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Lower-Income Bargain Hunt for Smaller Packs, Meals Under $5
Lower-income U.S. households are cutting back on eating out, travel and pantry staples like diapers, soda and beer, as U.S. tariffs on imports are set to push prices even higher, said executives from Procter & Gamble, Coca-Cola and Chipotle Mexican Grill.
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Bloomberg: Waller Favorite to Replace Fed's Powell
Federal Reserve Governor Christopher Waller is rumored to be the likely favorite to replace current Federal Reserve Chairman Jerome Powell, Bloomberg reported on Thursday. According to sources who spoke with the outlet...
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WH Economic Chief to Newsmax: Price Increases Nominal
Council of Economic Advisers Chair Stephen Miran rebutted claims of significantly higher prices on goods spurred by President Donald Trump's tariffs, telling Newsmax on Thursday there is "zero evidence" of material price increases.
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Intel Stock Tumbles as Trump Demands CEO Resign
Shares of Intel slumped Thursday after President Donald Trump said in a social media post that the chipmaker's CEO needs to resign.
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NY Fed Poll: Americans See Inflation Rising to 2.9%
Americans' longer-term inflation outlook deteriorated in July even as households boosted their views on the current and future state of their respective financial situations, according to data released Thursday by the New York Federal Reserve.
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Lutnick: US to Reap $50B a Month in Tariff Revenues
U.S. Commerce Secretary Howard Lutnick said Thursday he expects the country is heading towards $50 billion a month in tariff revenues as higher levies on imports from dozens of countries kick in.
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Sen. Tom Cotton Questions Intel CEO's China Ties
U.S. Republican Senator Tom Cotton sent a letter to Intel's board chair with questions about the chipmaker's new CEO Lip-Bu Tan's ties to Chinese firms and a recent criminal case involving his former company Cadence Design.
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Unemployment Claims Tick up, Productivity Improves
The number of Americans filing new applications for unemployment benefits ticked higher last week, suggesting the labor market was largely stable even though job creation is weakening and it is taking laid-off workers longer to find new jobs.
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Trump Calls on Intel CEO to Resign
President Donald Trump Thursday called for the Intel new CEO Lip-Bu Tan to immediately resign, saying he is "highly conflicted" after questions arose about his ties to Chinese firms.
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Trump Order Paves Way for Alternative Assets in 401(k)s
U.S. President Donald Trump signed an executive order Thursday that aims to allow private equity, real estate, cryptocurrency and other alternative assets in 401(k)s, Bloomberg News reported Thursday.
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Apple to Hike Investment in US to $600B Over Four Years
Apple will invest an additional $100 billion in the United States, taking its total pledge to $600 billion over the next four years, US President Donald Trump said Wednesday.