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DoorDash, Uber Want 'No Tax on Tips' to Cover Their Drivers
DoorDash and Uber, companies that rely mainly on independent delivery drivers, want the drivers covered by President Donald Trump's 'No Tax on Tips' idea.
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Elon Musk Sells X to His Own XAI for $33 Billion in All-Stock Deal
Elon Musk has sold social media site X to his own xAI artificial intelligence company in a $33 billion all-stock deal, the billionaire announced on Friday.
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India and US Making Progress Towards Trade Deal
Indian and U.S. officials discussed trade issues including the reduction of tariffs and easing of non-tariff barriers, making progress towards a bilateral trade agreement during several days of talks in New Delhi, they said on Saturday.
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Judge Rips LA's Lack of Oversight on $2.4B Homeless Outlay
A federal judge excoriated Los Angeles city and county officials, including Mayor Karen Bass, over their lack of oversight in tracking more than $2 billion spent on homeless programs and threatened to appoint a court-ordered receiver to take over, according to reports.
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Trump Mulls Tax Hike on Rich to Cover Breaks on Tips
The Trump administration is considering an option of allowing the president's 2017 tax cuts to expire for the top 1% richest Americans as a way to pay for his campaign promise of not taxing tips, Axios reported.
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Canada-US Airline Bookings Drop 70 Percent
Canadians aren't traveling to the U.S. as much as they used to, with airline bookings plummeting by more than 70% in recent months, according to the aviation data company OAG.
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Trump Pardoned BitMEX Co-founders, WH Official Says
President Donald Trump has pardoned the three co-founders of cryptocurrency exchange BitMEX, a White House official said on Friday.The pardons come at a time of optimism in the crypto industry about looser regulation under Trump, who courted crypto donors during his...
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Federal Judge Blocks Trump From Dismantling CFPB
A federal judge agreed Friday to block the Trump administration from dismantling the Consumer Financial Protection Bureau, an agency that was targeted for mass firings before the court's intervention.U.S. District Judge Amy Berman Jackson agreed to issue a preliminary...
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Trump Says he Is Willing to Make Deals on Tariffs
U.S. President Donald Trump said Friday he was open to carving out deals with countries on tariffs but those agreements would have to be negotiated after reciprocal tariffs are announced on April 2.
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US Judge Temporarily Blocks Parts of Trump's Anti-DEI Orders
A federal judge has temporarily blocked the U.S. Department of Labor from implementing parts of President Donald Trump's executive orders aimed at curbing diversity, equity and inclusion efforts among federal contractors and grant recipients.Judge Matthew Kennelly of the...
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Appeals Court: WH Can Fire Board Members of Independent Labor Agencies
An appeals court ruled Friday that President Donald Trump can fire two board members of independent agencies handling labor issues from their respective posts in the federal government.A divided three-judge panel of the U.S. Court of Appeals for the District of Columbia...
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Wall St Tumbles as Fresh Data Fuels Inflation Fear
Wall Street stocks ended sharply lower Friday, with selloffs in Amazon, Microsoft and other technology heavyweights, after U.S. data stoked fears of weak economic growth and high inflation as the Trump administration ratchets up tariffs.
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FCC Opening Probe Into Diversity Practices at Disney, ABC
The head of the Federal Communications Commission on Friday said he is opening an investigation into the diversity practices of Walt Disney and its ABC unit, saying they may violate U.S. equal employment opportunity regulations.FCC Chair Brendan Carr wrote Disney CEO Robert...
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Charlie Javice Convicted of Defrauding JPMorgan in $175M Deal
Charlie Javice, the charismatic founder of a startup company that claimed to be revolutionizing the way college students apply for financial aid, was convicted on Friday of defrauding one of the largest U.S. banks, JPMorgan Chase, out of $175 million by exaggerating her...
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Canada's Carney: Retaliatory Tariffs on US Will Start
Canadian Prime Minister Mark Carney informed President Donald Trump on Friday that his country will impose retaliatory tariffs on the U.S. beginning April 2.
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Wall Street Straps in for Trump Tariff Uncertainty
U.S. President Donald Trump's scheduled April 2 tariff policy announcement could clear a fog of uncertainty that has clouded financial markets this year, yet few investors expect to get the definitive guidance they seek.
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FAA Moves to Protect Aircraft Owners' Private Information
The Federal Aviation Administration said Friday it was making it easier for airplane owners to keep information private, such as their name and address, after Congress approved legislation over privacy concerns.
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Dow Falls 723 Points as Data Fans Inflation Worries
Wall Street's main indexes took a step back Friday, as fresh data highlighted an uptick in underlying price pressures that surpassed expectations, igniting concerns that the Trump administration's tariff strategies might further fan the flames of inflation.
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Wall St Cuts S&P 500's Annual Target Below 6500
UBS Global Wealth Management cut the S&P 500's 2025 target to below the 6,500 mark, widely mirroring actions from other Wall Street firms including Barclays and Goldman Sachs, due to the economic impact of U.S. tariffs.
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IMF Does Not See US Recession in Spite of Tariffs
The International Monetary Fund is continuing to assess the impact of President Donald Trump's tariff plans, including his new 25% auto tariffs, but the global lender's baseline forecasts do not envision a U.S. recession, IMF spokesperson Julie Kozack said.
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Trump Warns Automakers Not to Don't Raise Prices
President Donald Trump told the CEOs of some of the most prominent car manufacturers they better not raise their prices due to tariffs, The Wall Street Journal reported.
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SEC Beginning to Onboard DOGE Staff
The U.S. Securities and Exchange Commission is beginning to onboard officials with billionaire Elon Musk's Department of Government Efficiency, according to an email sent Friday to department staff.
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Key Inflation Gauge Holds Steady at 2.5%
The Personal Consumption Expenditures (PCE) price index increased 0.3% in February after advancing by an unrevised 0.3% in January. Economists had forecast the PCE price index gaining 0.3%. In the 12 months through February, prices increased 2.5%, matching January's rise,...
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Jim Cramer: 'Market Far Healthier Than We Think'
CNBC's Jim Cramer thinks that despite the market's declines, "the market may be far healthier than we think."
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F-47 a Turning Point for Boeing, US Air Dominance
A week after President Donald Trump and Defense Secretary Pete Hegseth unveiled the F-47 fighter jet, the announcement continues to reverberate through military circles and the aerospace industry.