Tag: breaking news
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Here are the five big takeaways from Kevin Warsh’s first meeting as Fed chairman
The Federal Reserve and Chairman Kevin Warsh on Wednesday followed the script on interest rates closely.
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Fed holds rates steady, pares down statement to remove cutting bias
The Federal Reserve on Wednesday released its interest rate decision.
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Trump denies U.S. will put ‘any money’ into Iran, as he meets allies at G7 summit
Washington and Tehran announced a Memorandum of Understanding had been reached over the weekend.
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China economy weakens further in May as retail sales post first drop in over three years
China’s retail sales fell for the first time in more than three years in May, while urban investment contracted more than expected, adding to signs the economic slump deepened.
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Melania Trump announces a new savings account for youth in foster care
A new savings program for children in foster care was announced Thursday at an event with the first lady and Treasury Secretary Scott Bessent
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Wholesale prices rose 1.1% in May, more than expected, on surge in energy
The producer price index was expected to increase 0.7% in May, according to the Dow Jones consensus forecast.
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Oracle beats on earnings, but stock drops on plans to raise another $20 billion
Oracle reported better-than-expected earnings and revenue for its fiscal fourth quarter.
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Consumer prices rose 4.2% annually in May, highest in three years
The consumer price index was expected to show a 4.2% gain from a year ago, according to the Dow Jones consensus estimate.
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US military launches new strikes on Iran after Apache downing
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Household worries over finances hit highest level since July 2022, New York Fed survey shows
While the central bank’s monthly survey showed the inflation outlook mostly unchanged, the general perception of conditions deteriorated.
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