Tag: business news
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Trump demands 1% or lower interest rate after first Fed hike since 2023
President Donald Trump demanded the Federal Reserve slash interest rates to 1% “or less,” hours after the central bank announced its first rate hike since 2023.
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Here are five key takeaways from Wednesday’s Fed rate hike
The Fed on Wednesday delivered a much-expected interest rate hike.
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Trump’s Kennedy Center closure is ‘unlawful,’ Rep. Beatty tells judge in emergency hearing request
President Donald Trump says renovations at the Kennedy Center will not occur until the courts allow his name to be restored on the performing arts center.
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Analysis: How Trump could reignite the Fed independence fight after Warsh’s rate hike
The Federal Reserve unanimously raised interest rates by a quarter point despite repeated calls from President Donald Trump for lower rates.
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Jeff Gundlach says the Fed should have hiked rates by more to fight rising inflation
The Fed should have hiked rates by half percentage point rather than a quarter, the investor told CNBC.
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White House chief of staff Susie Wiles says she’s cancer free
Susie Wiles oversaw Trump’s winning 2024 presidential campaign and has wielded major influence in his second administration.
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Hegseth avoids impeachment vote with early House election recess
The House won’t take a vote on impeaching Defense Secretary Pete Hegseth after House leaders decided to leave Washington a day earlier than planned.
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Here is what changed in the new Fed statement under Warsh
This is a comparison of Wednesday’s Federal Open Market Committee statement with the one issued after the Fed’s previous policymaking meeting in July.
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Intel is leading chip gains. A top analyst sees the stock hitting $200 in two years
Intel could hit as much as $200 per share in two years as it continues to strike lucrative deals with top chipmakers, per Melius Research.
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Continental Resources to develop massive oil patch in Venezuela
Continental said it will develop and operate a patch in the Orinoco Belt that spans 126,000 acres and possesses an estimated 30 billion barrels of reserves.
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