Tag: breaking news
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European Union joins U.S.-led ‘Operation Economic Outcast’ as Iran cries foul
The bloc’s endorsement came as the Group of 20 finance ministers and central bank governors gathered in Asheville, North Carolina, earlier this week.
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The big August jobs report is due out Friday. Here’s what to expect for what has been a jobless summer
August nonfarm payrolls are expected to rise by 53,000 as a subdued labor market keeps Fed attention focused on inflation.
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Fed Governor Waller indicates he will support holding rates steady at September meeting
In remarks that seem to contrast with statements last week from Chairman Kevin Warsh, Waller expressed confidence in the current inflation trends.
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Anthropic’s distillation battle turns to the dark web as China concerns swell
Foreign adversaries have been illegally accessing American AI systems to train competing technology, and selling copycat versions at a lower price.
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New York Fed’s Williams says yield surge due to strong economic prospects
The central bank policymaker in a CNBC interview did not commit on whether he thinks an interest rate hike is necessary.
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Private payrolls rose by 38,000 in August, fewer than expected, ADP reports
Though job creation held positive, August was the smallest gain since January and reflective of a broader slowdown in the labor market.
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China’s Xi keeps Iranian president at arm’s length weeks ahead of Trump summit
China’s Xi gave Iran’s Pezeshkian a brief, low-profile audience at the SCO summit, as Beijing seeks to avoid appearing close to Tehran ahead of a high-stakes summit with Trump.
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Fed Governor Barr says he’ll support rate hike if inflation doesn’t ease
The policymaker said he’s concerned about “broader price pressures taking hold” as inflation has prevailed above the Fed’s 2% target
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Fed Chairman Warsh expresses concern about inflation trend, while advocating for ‘quieter’ central bank: Watch live
He used the speech to outline his philosophy on policymaking while carefully sidestepping any signals
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DeepSeek looks for fresh capital as founder’s quant empire navigates China’s choppy IPO market
High-Flyer Quant, which bankrolled DeepSeek, has come to the fore, making a push into new listings as it chases returns in China’s red-hot IPO market.
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