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Trump: Next Fed Chair Will Back Lower Rates
President Donald Trump said Wednesday the next chairman of the U.S. Federal Reserve will be someone who believes in lower interest rates "by a lot." "I'll soon announce our next chairman of the Federal Reserve, someone who believes in lower interest rates, by a lot, and ...
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Trump Demands Venezuela Pay for Seized US Oil Assets
President Donald Trump demanded Wednesday that Venezuela return assets that it seized from U.S. oil companies years ago, justifying anew his announcement of a "blockade" against oil tankers traveling to or from the South American country that face American sanctions.
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Democrats To Introduce Stock Trading Discharge Petition
Rep. Seth Magaziner, D-R.I. said House Democratic leadership will introduce a discharge petition next month to force a vote on a bill that would ban stock trading by members of Congress, the vice president, the president, and their immediate families, the Hill reported.
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Venezuela Reacts Defiantly to US Oil Blockade
Venezuela struck a defiant note Wednesday, insisting its crude oil exports were not impacted by President Donald Trump's announcement of a potentially crippling oil tanker blockade.Trump's declaration on Tuesday marked a new escalation in his months-long campaign of...
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Trump to Vow 'Stronger' US in TV Address as Fiscal Worries Mount
President Donald Trump will set out plans to make the United States "stronger than ever" in a televised address to the nation Wednesday as his popularity faces headwinds over his handling of the economy.Trump's speech at the end of his first year back in the White House...
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Trump Sounds Out Oil Firms on Post-Maduro Venezuela
The Trump administration has quietly polled major U.S. oil companies about whether they would return to Venezuela after the removal of socialist leader Nicolas Maduro. The industry response has been overwhelmingly negative.
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Bezos Couple Award $5M to Neurodiversity Education Leader
Mega billionaire Amazon founder Jeff Bezos and his wife, former news anchor Lauren Sánchez Bezos, are awarding $5 million to the founder of a neurodivergent student support network, a recognition that the lesser-known recipient credits to the students powering his...
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Woman Sues IRS to Classify Pets as Dependents
A New York lawyer is suing the IRS in an attempt to have pets classified as legal dependents, NewsNation has reported.
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Appeals Court Tosses Decision Allowing Trump Mass Firings at Consumer Bureau
A full bench federal appeals court in Washington on Wednesday tossed out an earlier decision that would have allowed President Donald Trump's administration to resume mass firings at the U.S. Consumer Financial Protection Bureau, marking a setback for the White House.The...
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Micron Forecasts Quarterly Revenue Above Estimates
Micron Technology forecast second-quarter revenue above Wall Street estimates Wednesday, betting on soaring demand and strong pricing for its high-bandwidth memory chips used in artificial intelligence hardware.
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Wall St Closes Lower as AI Funding Jitters Drag Tech
Wall Street's main indexes closed lower Wednesday, with the S&P 500 and the tech-heavy Nasdaq sinking to three-week lows as nagging worries about the artificial intelligence trade weighed on technology stocks.
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American Airlines Ramps up Premium Upgrades
American Airlines is betting big on luxury to regain altitude. From lie-flat seats and Bollinger champagne to Lavazza coffee and ultra-fast Wi-Fi, the carrier is rolling out a premium makeover to claw back ground lost to Delta Air Lines and United Airlines.
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Silver Tops $66 for First Time, Gold up 1%
Silver prices surpassed $66 an ounce to a record high Wednesday, while gold firmed as hopes of rate cuts by the U.S. Federal Reserve renewed after signs of a weak labor market, and as escalating U.S.-Venezuela tensions boosted safe-haven demand.
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Trump Admin Asks Fed to Clarify CFPB Funding
The U.S. Justice Department has called on Federal Reserve Chair Jerome Powell to clarify whether the central bank has stopped losing money, which President Donald Trump's administration has said prevents it from funding the sole federal watchdog for consumer financial...
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Carr to Sen. Cruz: FCC Bound by First Amendment
The Federal Communications Commission must include strong First Amendment protections while using its authority to protect the public interest, FCC Chairman Brendan Carr agreed during a hearing of the Senate Commerce Committee on Wednesday.
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Seismic Shift: Oscars to Leave ABC for YouTube
In a seismic shift for one of television's marquee events, the Academy Awards will depart ABC and begin streaming on YouTube beginning in 2029, the Academy of Motion Picture Arts and Sciences announced Wednesday.
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AI Toys Put Kids at Risk, Senators Warn
Sens. Marsha Blackburn, R-Tenn., and Richard Blumenthal, D-Conn., are demanding information from prominent toy manufacturers about the use of artificial intelligence.
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BRICS 'Unit' Challenges Dollar Dominance
In late 2025, BRICS quietly moved from idea into action. A working pilot of a gold-anchored digital trade instrument, known simply as "The Unit," has been launched.
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Fed's Waller: 'Absolutely' Would Defend Central Bank's Independence
Federal Reserve Governor Christopher Waller, on the short list to succeed Fed Chair Jerome Powell next year and scheduled to be interviewed for the job by President Donald Trump on Wednesday, said he would "absolutely" defend the U.S. central bank's independence if it were...
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Broadcaster E.W. Scripps Rejects Sinclair's $622M Takeover Bid
U.S. broadcaster E.W. Scripps' board unanimously rejected Sinclair's $622 million acquisition proposal, saying it was not in the best interests of the company and its shareholders.
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US Extends Sakhalin-2 Oil Sales Waiver Through June 18
The U.S. extended on Wednesday a waiver allowing oil sales from Russia's Sakhalin-2 project through June 18 next year, a move that likely allows production of liquefied natural gas from the project to continue.
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Bessent: Americans to Feel Relief in 'Bountiful' 2026
Treasury Secretary Scott Bessent said Americans are poised to see meaningful improvement on affordability in what he described as a "bountiful" 2026, as inflation eases and real wages climb under President Trump's economic agenda.
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Trump Says White House Ballroom Could Cost $400M
President Donald Trump said that costs for the new White House ballroom project could total $400 million, a figure double the $200 million price tag that was originally announced. Trump reportedly mentioned the project...
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Wall Street Holds Steady as Oil Prices Rise
U.S. stocks are holding relatively steady Wednesday, while the price of oil claws back some of this year's sharp slide.The S&P 500 was down 45.33 points, or 0.67% at 10:53 a.m. EST, coming off its third straight drop, though it remains near its all-time high.
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Billionaire Ray Dalio Pledges $75M for 'Trump Accounts'
The U.S. Treasury asked major philanthropic donors to contribute to new investment accounts for children Wednesday as part of what Secretary Scott Bessent called a "50 State Challenge" to raise funds for the Trump Accounts program.