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Fed's Rate-Cut View Set to Test Resurgent Stock Rally
The Federal Reserve's first meeting of 2025 in the coming week stands to test the resurgence in U.S. stocks as investors gauge the extent of more equity-friendly interest rate cuts in the months ahead.Stocks swooned after the Fed's last meeting in December, when the central...
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House Republicans Divided on Paying for Tax Cuts
Republicans who control the U.S. House of Representatives are trying to overcome internal differences on how to pay for President Donald Trump's sweeping tax cuts, with hardline conservatives determined to reduce an annual federal deficit approaching $2 trillion.With a...
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Oracle, Microsoft Reportedly in Talks With WH to Buy TikTok
Oracle and Microsoft are reportedly in talks with the White House to take over the China-based TikTok app, reports NPR.
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Ben & Jerry's Accuses Unilever of Muzzling It Due to Trump
Ben & Jerry's ratcheted up its censorship lawsuit against Unilever on Friday, accusing its parent company of suppressing a social policy statement the U.S. ice cream maker wanted to release because it mentioned President Donald Trump.
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Spirit Airlines Bans 'Lewd or Offensive' Clothing, Tattoos
Spirit Airlines revised its dress code this week, saying passengers can be denied boarding or removed from flights due to lewd clothing or offensive tattoos.
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Trump Has the Building Blocks for U.S. Golden Age
Americans are "waking up" to what really creates progress in this country and are rejecting the tiresome virtue signaling, political blather, and social demands that have been flung in our faces for years.
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Federal Agencies Erase DEI Guidance From Websites
Federal agencies have begun removing resources for diversity, equity and inclusion from their webpages following President Donald Trump's executive order cracking down on DEI.
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Wall Street Slips Ahead of Fed Rate Decision Week
Wall Street's main indexes closed lower Friday as investors stepped back while they digested a mixed bag of economic data and earnings reports and prepared for a week filled with economic releases and a Federal Reserve meeting.
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People Hawk TikTok-Loaded Phones for Thousands
People are listing phones preloaded with TikTok for tens of thousands of dollars on eBay, Facebook marketplace and other online storefronts - though it is not clear if there are many buyers at those prices.
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House Prices Hit Record $407K Median High in 2024
U.S. existing home sales increased to a 10-month high in December, but further gains are likely to be limited by elevated mortgage rates and house prices, which are keeping many prospective buyers on the sidelines.
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To Boost US Economy, Renew Trump Tax Cuts
Not extending the tax cuts could be harmful for just about everyone. First, the cuts have proven their ability to foster GDP growth.
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Wall St Week Ahead: Fed's Rate-Cut View to Test Stock Rally
The Federal Reserve's first meeting of 2025 in the coming week stands to test the resurgence in U.S. stocks as investors gauge the extent of more equity-friendly interest rate cuts in the months ahead.
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Target Ends DEI Initiatives of Past Three Years
Discount store chain Target said Friday that it would join rival Walmart and a number of other prominent American brands in scaling back diversity, equity and inclusion initiatives.
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House Republicans Seek Savings to Fund Tax Cuts
To fund massive tax cuts, House Republican committee chairs proposed spending cuts and budget savings that could add up to $3 trillion, Punchbowl News reported.
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Cold Civil War Ends; We Won
The civilizational inflection point in our cold civil war happened sometime between Donald Trump's second inaugural address on Monday and the end of his new presidency's second day on Tuesday.
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Ford Recalls 270K Broncos, Mavericks for Power Problem
Ford Motor Co. is recalling 272,827 Broncos and Mavericks due to a power problem that can cause vehicles to stop unexpectedly or fail to start.
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Trump Withdraws FDA Menthol Cigarette Ban Plan
The Trump administration has withdrawn a plan to ban menthol cigarettes in the U.S., in a setback to health regulators and activists. The Food and Drug Administration had in April 2022 proposed to ban the sale of menthol cigarettes and flavored cigars, but its implementation...
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Amazon Prime Video Shifts Focus to Live Sports
Amazon's Prime Video has shifted its strategic focus towards live sports and away from original television shows and movies, seeking to meet internal corporate profit targets, The Information reported Friday.
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Trump Reviewing US Automatic Emergency Braking Rule
A U.S. auto safety agency said Friday it is reconsidering a landmark rule from the administration of former President Joe Biden requiring nearly all new cars and trucks by 2029 to have advanced automatic emergency braking systems.
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Stocks Head for a 2nd Straight Winning Week
U.S. stocks are hanging near their all-time high Friday as they head for the close of a second straight winning week.
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Rep. Jason Smith: GOP 'Threading Needle' on Tax Cuts
Rep. Jason Smith, R-Mo., told Newsmax on Friday that Republicans are "threading the needle" and accumulating support for a wide-ranging tax bill to extend cuts passed in 2017, among other measures.
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Consumer Sentiment Ebbs, Inflation Outlook Rises
U.S. consumer sentiment weakened in January for the first time in six months amid worries about the labor market and potential higher prices for goods if President Donald Trump's new administration presses ahead with planned tariffs on imports.
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Meta to Invest up to $65B in Capital Expenditure in 2025
Meta Platforms plans to spend between $60 billion and $65 billion this year to build out AI infrastructure, CEO Mark Zuckerberg said Friday, joining a wave of Big Tech firms unveiling hefty investments to capitalize on the technology.
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Home Sales in 2024 Fall to Lowest Level in 30 Years
Sales of previously occupied U.S. homes fell in 2024 to a nearly 30-year low for the second time in as many years as elevated mortgage rates, rising home prices and few properties on the market freeze prospective homebuyers out of the market.
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World Inflation Not Fully Defeated Yet: IMF's Georgieva
Global policymakers have made remarkable progress in tackling inflation without inducing a recession, but some work remains to be done, International Monetary Fund Managing Director Kristalina Georgieva said in Davos.