In a historic move, President Donald Trump has signed an executive order to create the United States’ first sovereign wealth fund. Announced …
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Economic Growth
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As artificial intelligence (AI) continues to revolutionize industries worldwide, at least four in ten companies are planning significant workforce reductions within the …
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Business
Federal Reserve Lowers Interest Rates for the Third Time in 2024
by Sonia Parkby Sonia ParkThe Federal Reserve announces its third interest rate cut of the year, reducing its benchmark short-term rate by a quarter of a …
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Business
Trump and SoftBank CEO Announce $100 Billion U.S. Tech Investment
by Sonia Parkby Sonia ParkPresident-elect Donald Trump and Masayoshi Son, the CEO of Japanese tech giant SoftBank, make a joint announcement today from Trump’s Mar-a-Lago residence …
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Business
Stock Market Reaches Record Highs Following Trump’s 2024 Presidential Victory
by Sonia Parkby Sonia ParkThe stock market surged to record highs on Wednesday as investors responded to Donald Trump’s return to the White House, with the …
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World
Economics Nobel Prize 2024 Awarded to Acemoglu, Johnson, Robinson for Research on Institutions and Prosperity
by Sonia Parkby Sonia ParkThe 2024 Nobel Prize in Economic Sciences has been awarded to three prominent U.S.-based economists—Daron Acemoglu, Simon Johnson, and James A. Robinson—for …
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National
Federal Reserve Expected to Announce First Rate Cut in Over Four Years
by Sonia Parkby Sonia ParkThe Federal Reserve is poised to announce its first interest rate cut in more than four years, signaling a significant shift in …
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Business
Federal Reserve Signals Readiness to Cut Interest Rates Amid Economic Adjustments
by Sonia Parkby Sonia ParkFederal Reserve Chair Jerome Powell has confirmed that the central bank is prepared to begin cutting interest rates, signaling a significant shift …
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Stocks are experiencing a significant decline on Wall Street, with major indices showing steep losses. The Dow Jones Industrial Average has dropped …
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National
Better Off Biden? Survey: 43% Say They Are Worse Off Financially Since Biden Took Office
by Sonia Parkby Sonia ParkA new survey reveals that a significant portion of Americans feel their financial situation has deteriorated since the beginning of President Joe …
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