Tag: United States
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Bessent sees GDP growth booming again this year. Kalshi traders see little chance of that
Kalshi traders are not agreeing with Treasury Secretary Scott Bessent’s prediction that the U.S. economy will have 3% growth this year.
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Oil tankers with 35 million barrels stuck in Persian Gulf exited Strait of Hormuz since Iran deal
The jump in oil exports comes as the threat level for ships crossing Hormuz has been downgraded to “moderate.”
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Toyota is gaining on General Motors in U.S. sales, according to new forecast
Toyota has notably leaned into hybrid vehicles while GM and others bet on all-electric vehicles, which saw lower-than-expected adoption from consumers.
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Amazon’s Zoox unveils redesigned robotaxi ahead of upcoming expansion
Zoox is updating its robotaxis as the Amazon division plots expansion in additional markets and prepares to charge for rides.
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Iran says deal to end Middle East war ‘declaration of US defeat’
US Secretary of State Marco Rubio kicked off a tour of the Middle East on Wednesday in a bid to reassure Gulf allies of America’s security commitments.
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Treasury Secretary Bessent says U.S. GDP growth can return to 3% before end of the year
Bessent sees his “3-3-3” plan as still in reach — 3% growth, a 3% deficit-to-GDP rate, and a 3 million barrels per day increase in oil production.
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Trump claims Iran has assured U.S. there won’t be tolls on the Strait of Hormuz
There will be no tolls, insurance costs, or charges of any kind for ships looking to pass through the Strait of Hormuz, Trump said.
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South Korea’s biggest chipmaker SK Hynix plans to raise $29 billion via Nasdaq listing
The company plans to issue 17.79 million new shares at a value of 45.45 trillion won ($29.65 billion).
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Trump vs algae: Reactions as fencing goes up around Reflecting Pool
The Trump administration has been losing a war with algae in the Lincoln Memorial Reflecting Pool. Critics think it’s the perfect metaphor for Trump’s tenure as president, and the latest move to cover up the embarrassment has sent the internet into meltdown.
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Treasury yields dip as oil falls to pre-war levels
The yield on the 10-year U.S. Treasury note — the key benchmark for U.S. government borrowing — fell over 1 basis point to 4.479%.
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