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U.S. jobless claims fell to 194,000 last week, lowest since July
So far this year, claims have remained at historically low levels, never topping 230,000 in a single week.
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Gimmick or giveback? Even some Trump supporters don't expect to get $5,000 checks after midterms
The offering of government checks has become a go-to tactic for President Donald Trump when he faces a political jam.
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Consumer concerns grow as retailers adopt AI-assisted pricing tools
Terms like “dynamic pricing” and “surveillance pricing” are stirring up anger and anxiety on social media.
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Musk pledges to give a share of his SpaceX company to 'every kid in America' next year
The offer arrived a day after artificial intelligence company Anthropic announced in a social media post that it will commit 5% of its shares to a new "public benefit" fund.
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Fed chair Warsh says price stability is key but shies away from signals about rates
Federal Reserve Chairman Kevin Warsh said Friday he won’t prejudge what the U.S. central bank will do about interest rates at its upcoming meetings in October and December.
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Retail sales saw 0.8% bump in September, but big chunk of spending went to paying for gas
Excluding business at gas stations, retail sales rose 0.2% in September. The government figures aren’t adjusted for inflation, which accelerated last month as gasoline and many other goods and services became more expensive.
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How much longer will consumers be willing to muscle through higher prices?
High gas prices are intensifying inflation and vacuuming up more of Americans' dollars, yet consumers are still digging deep to spend, powering the economy, at least for now
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Wholesale inflation hits levels not seen since 2022
Wholesale inflation rose more than expected last month on a big jump in fuel costs as rising prices become a bigger economic challenge for millions of Americans, and a growing political problem for Republicans in the upcoming midterm…
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IMF chief urges wealthy nations to rein in debt to ease global economic pressure
The U.S. and other wealthy nations need to urgently tackle mounting global debt levels that are weighing most heavily on low-income countries and straining the global financial system, the head of the International Monetary Fund said…
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Trump's diesel deal with Putin draws bipartisan criticism from a frustrated Congress
The deal is being criticized by both Republicans and Democrats as fueling Russia's war against Ukraine, violating existing U.S. laws and drawing the U.S. closer to Russia.
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Republicans face midterm backlash from factory workers over Trump's tariffs
President Donald Trump's tariffs are turning factory workers against his Republican Party over fears the import taxes could lead to fewer jobs instead of the manufacturing renaissance he promised.
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WATCH: 2 American economists win Nobel for studying how to deal with economic shocks
American economists Robert E. Hall and Michael Woodford won the Nobel Memorial Prize in economics Monday for their work on models that have helped governments and central banks manage economic shocks, such as energy crises and inflation.
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News Wrap: Trump announces diesel deal with Russia
In our news wrap Friday, Trump says he struck a deal with Russia for millions of tons of diesel in a bid to lower U.S. energy prices, Katie Zacharia will replace Karoline Leavitt as White House press secretary, the Pentagon’s plans to…
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Trump strikes deal with Putin for Russian diesel in sharp reversal of U.S. policy ahead of midterms
President Donald Trump said he has struck a deal to obtain diesel from Russia, a stunning reversal of years of U.S. pressure on Moscow over its war with Ukraine and an attempt to address high fuel prices ahead of the U.S. midterm elections.
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Trump establishes committee to investigate Federal Reserve's Lisa Cook in latest effort to fire her
The inquiry will include a hearing at the White House Nov. 5, President Donald Trump said in a written memo, that Cook “shall” attend to answer questions from the committee.
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Your child may be automatically enrolled in a Trump Account. Here's what to know
Your child may be enrolled in a “Trump Account” whether you realize it or not. Rolled out earlier this year, the Trump Accounts program allows parents to claim special investment accounts for children who are 18 years old or younger.
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New documentary traces Elon Musk's rise and embrace of right-wing politics
Elon Musk remains one of the more powerful and controversial figures in business, science, tech and politics. He played a central role in the early days of the second Trump administration. Now, a new documentary is chronicling Musk's rise…
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WATCH: Vance says Microsoft is being suspended from green card program for H-1B visa workers
President Donald Trump's administration is suspending tech giant Microsoft from a program to apply for green cards for workers who come to the U.S. to live and work using H-1B visas as it accuses the company of fraud.
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News Wrap: Lawyer says Christa Pike 'angry and confused' following botched execution
In our news wrap Wednesday, Christa Pike's lawyers say she is "angry and confused" after regaining consciousness following her botched execution, a congressional candidate in Arizona says she was raped while trying to repair campaign signs…
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News Wrap: Cornell says Sally Yates will review handling of sexual assault reports
In our news wrap Tuesday, Cornell named former Deputy Attorney General Sally Yates to lead an independent review of how the school handles sexual assault reports on campus, lawyers for Christa Pike said she's awake and speaking after…
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After tumultuous fight, Paramount completes takeover of Warner Bros to become Hollywood giant Skydance
The deal, which followed a tumultuous, roughly yearlong fight, further concentrates power in an industry already run by just a handful of major players.
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News Wrap: Cornell students protest handling of alleged rape
In our news wrap Monday, students at Cornell are staging protests over the university's handling of an alleged fraternity house gang rape in 2024, President Trump said a threat linked to Iran was the reason the U.S. withdrew its bombers…
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A $28 billion hemp THC industry is fighting to save itself from a looming federal ban
America’s multibillion-dollar market for impairing hemp products faces potential elimination after Congress voted to close a loophole in federal law that has allowed it to flourish.
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What a hiring slowdown signals about the state of the U.S. economy
U.S. hiring slowed in September as employers added just 29,000 jobs. The disappointing jobs report has wide-reaching implications for consumer prices and interest rates, and it comes a month before Americans head to the polls for midterm…
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