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China Slaps Anti-Dumping Duties on US, European Plastics
China on Sunday announced anti-dumping duties as high as 74.9% on imports of POM copolymers, a type of engineering plastic, from the United States, the European Union, Japan and Taiwan.The commerce ministry's findings conclude a probe launched in May 2024, shortly after the...
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New Jersey Transit Strike Well Into 2nd Day
About 400 train engineers represented by the Brotherhood of Locomotive Engineers and Trainmen walked off the job Friday in a dispute with the state of New Jersey, with wages the primary issue. Hundreds of thousands of commuters are affected.
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FDA Approves First Blood Test to Detect Alzheimer's
The U.S. Food and Drug Administration said on Friday it has cleared Fujirebio Diagnostics' blood test to diagnose Alzheimer's disease, making it the first of its kind to detect the condition. Blood testing is initially likely to be used to rule out Alzheimer's, with positive...
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White House Fires Back at Moody's US Credit Downgrade
WH Communications Director, Steven Cheung, challenged Moody’s credit rating downgrade of the U.S. He called out Moody’s Analytics Chief Economist Mark Zandi in a post on X. "Nobody takes his "analysis" seriously. He has been proven wrong time and time again."
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Trump Pushes US Federal Reserve for Rate Cuts, Criticizes Powell
President Donald Trump on Saturday said in a social media post the U.S. Federal Reserve should cut rates "sooner, rather than later.
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Trump Tells Walmart to 'Eat the Tariffs' Instead of Raising Prices
U.S. President Donald Trump said on Saturday that Walmart should "eat the tariffs" instead of blaming duties imposed by his administration on imported goods for the retailer's increased prices.
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Moody's Downgrades US Credit Rating From Elite 'AAA'
Credit ratings agency Moody's downgraded the United States rating to "Aa1" from "Aaa" Friday, due to the nation's $36.2 trillion debt.
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Wall Street Advances on Trade Hopes
Wall Street's main indexes rose Friday for their fifth straight daily advance, buoyed by the U.S.-China tariff truce earlier in the week even as economic survey data showed a deterioration in consumer sentiment.
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US Senate Reintroduces AM Radio Bill for Full Vote
AM Radio for Every Vehicle Act Heading for Senate VoteGood news for anyone who's ever relied on AM radio - whether it's for local news, sports, or life-saving alerts in a crisis.
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Verizon Ending DEI Programs, Seeks US Approval for Frontier Deal
Verizon Communications said Friday it is ending diversity, equity and inclusion programs after the Trump administration opened a probe and as the U.S. telecom carrier seeks approval to purchase Frontier Communications.
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US Freighters Hope for Back-to-School Demand Boost
A 90-day trade thaw between Washington and Beijing could prove to be a welcome reprieve for the U.S. freight industry, as importers rush to lock in shipments ahead of the busy back-to-school period, experts said.
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AI Ascends - But Not Above Its Teachers
While powerful, it does not generate truly new ideas , it merely recombines known ones. AI can only "think" inside the box it was trained in.
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Michael Burry Doubles Stake in Estee Lauder
Michael Burry's Scion Asset Management has doubled its stake in Estee Lauder, at a time when the beauty giant's new CEO is steering the company through a transformation to overcome weak demand in key markets such as North America and China.
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Equity Fund Inflows Surge on Inflation, Trade Triumphs
Global equity funds attracted the largest weekly inflow in seven weeks in the week through May 14, buoyed by a U.S.-China trade war truce that has significantly reduced the risk of a global recession.
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Europe's Fiscal Collapse Hides Behind War Rhetoric
The European Union remains, at least in theory, a union of sovereign nation-states. Even within the nearly identical Eurozone, national budget sovereignty still prevails. But now, through a mix of war rhetoric and Putin panic, efforts are underway to consolidate national...
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US Stocks Drift Close to Their Records
Wall Street is heading toward the finish of a strong week Friday as U.S. stocks drift close to the all-time high they set just a few months earlier, though it may feel like an economic era ago.
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Sources: Boeing Near Deal to Avoid Guilty Plea
Boeing reached a tentative nonprosecution agreement with U.S. prosecutors in a fraud case stemming from two fatal 737 MAX plane crashes that killed 346 people, people familiar with the matter said.
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Consumer Sentiment Deteriorates Further in May
U.S. consumer sentiment slumped further in May while one-year inflation expectations surged as households remained concerned about the economic impact of President Donald Trump's aggressive trade policy.The University of Michigan Surveys of Consumers on...
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Berkshire Doubles Constellation Stake, Sells Citigroup
Warren Buffett's Berkshire Hathaway more than doubled its stake in alcoholic beverages producer Constellation Brands, while shedding investments in Citigroup and other financial services companies.
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N.Y. Dems Pan Gov. Hochul's Inflation Refund Checks
New York Gov. Kathy Hochul's decision to spend $2 billion of her recently enacted budget on one-time inflation refund checks is facing pushback from within her own party, with some Albany Democrats calling the plan a political stunt ahead of next year's governor's race.
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Import Prices Ex-Tariffs Unexpectedly Rise in April
U.S. import prices unexpectedly rose in April as a surge in the cost of capital goods offset cheaper energy products.
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Single-Family Housing Starts, Building Permits Fell in April
U.S. single-family homebuilding fell in April as tariffs on imported materials and high mortgage rates remained major obstacles for the housing market.
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Others Businesses Could Follow Walmart's Price Hike
Walmart's raising of prices amid President Donald Trump's trade war could influence other companies to do likewise, according to reports.
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Cable Giants Charter, Cox Pursue $34.5B Merger
Charter Communications has offered to acquire Cox Communications, a $34.5 billion merger that would combine two of the top three cable companies in the U.S.
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Nvidia Seeks Shanghai R&D Site After US Chip Curbs
Nvidia is seeking a site in Shanghai for a research and development center, three sources close to the matter said, reflecting the strategic significance of the Chinese market where U.S. curbs on advanced chip exports have hit sales.