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Bessent Says Trump, Xi Plan Multiple Meetings in 2026
U.S.-China trade relations have stabilized, Treasury Secretary Scott Bessent said Thursday, with the two economic powers now operating in a "very good equilibrium."
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Venezuela, Silver & Greenland: The US-China Power Split Is Reshaping the World
In the aftermatch of the Venezuela coup, the U.S. is entering a dynamic new world order.
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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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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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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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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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Investors: Ownership Curbs May Drive Up Home Prices
U.S. President Donald Trump's executive order restricting Wall Street investors from buying up single-family homes could boost demand for homes while doing little to address tight housing supply - a key reason for house price inflation, investors said.
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Trump Plans Economy Tour Before Midterm Elections
President Donald Trump will begin weekly trips around the United States to speak to voters before November's midterm elections, beginning on Tuesday with a stop in Iowa, White House chief of staff Susie Wiles said.
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Justices Signal Reluctance to Let Trump Fire Fed Governor
The Supreme Court on Wednesday seemed inclined to keep Federal Reserve governor Lisa Cook in her job, casting doubt on President Donald Trump's bid to wrest control of the nation's central bank.
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Construction Rebounds in October Amid Renovations
U.S. construction spending increased more than expected in October, likely reflecting home renovations, with activity elsewhere weak.
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US Pending Home Sales Slump to 5-Month Low
Contracts to purchase previously owned U.S. homes unexpectedly fell in December, hitting a five-month low, likely as worries over the labor market and a persistent shortage of entry-level houses offset lower mortgage rates.
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EU Lawmakers Stall US Trade Deal Over Greenland
The European Parliament has decided to suspend its work on the European Union's trade deal with the United States in protest at President Donald Trump's demands to acquire Greenland and threats of tariffs on European allies who oppose his plan.
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Zogby: Affordability Tops Voters' Midterm Concerns
The 2026 midterms and the ongoing battle over media narratives, reality and perception are more specific than the age-old phrase "it's the economy, stupid" – pollsters say it all comes down to "affordability," they told Newsmax on Tuesday night.
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OpenAI Seeks to Increase Global AI Use in Everyday Life
OpenAI is expanding its efforts to convince global governments to build more data centers and encourage greater usage of artificial intelligence in areas such as education, health and disaster preparedness.
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Trump in Davos: 'When America Booms, the Entire World Booms'
President Donald Trump, speaking at the World Economic Forum on Wednesday, declared that the surging U.S. economy under the first year of his second term as president benefits nations around the globe.
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Economist Poll: Fed to Hold Rates Through March
The U.S. Federal Reserve will hold its key interest rate through this quarter and possibly until Chair Jerome Powell's tenure ends in May, according to a majority of economists polled by Reuters, a shift from last month when most expected at least one cut by...
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Wall Street Seeks to Shape Trump Affordability Plan
Major Wall Street banks are pushing back on some of President Donald Trump's ideas for lowering the U.S. cost of living ahead of mid-term elections, while suggesting others in an effort to shape policy, sources familiar with the discussions said.
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Supreme Court Considers Trump's Bid to Fire Fed's Lisa Cook
The U.S. Supreme Court is set on Wednesday to consider President Donald Trump's unprecedented attempt to fire Federal Reserve Governor Lisa Cook in a case that tests how far the justices may be willing to go to preserve the central bank's independence.The case represents...
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Bessent: 'Grow Baby, Grow' Is US G20 Priority
Growth is going to be the priority of the United States' presidency of the Group of 20 industrialized nations, Treasury Secretary Scott Bessent said Wednesday.
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From Rock to Tech, Talent Flees Taxes
the men and women whose abilities and resources contribute the most to making California a place that would rank as the world's fifth biggest economy if it were a country of its own aren't waiting around to find out who'll carve them for dinner.
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Bougainville: A Golden Opportunity for President Trump
While most Americans may not be familiar with Bougainville, this autonomous region of Papua New Guinea presents a remarkable opportunity for President Trump to secure a strategic and captivating win that aligns seamlessly with his "Make America Great Again"...