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Macroeconomics
Nov 15, 2024
Wall St sinks on Powell rate-cut caution, Trump cabinet picks
By Sinéad Carew and Lisa Pauline Mattackal (Reuters) -The Nasdaq and S&P 500 were set for their biggest daily losses in over two weeks on Friday, after Federal Reserve Chair...
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Nov 15, 2024
Global stocks tumble as Fed signals slower pace of rate cuts
By Chuck Mikolajczak NEW YORK (Reuters) -A gauge of global stocks was set for its biggest weekly drop in two months and the 10-year U.S. Treasury yield hit its highest level in...
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Nov 15, 2024
US judge strikes down Biden overtime pay rule
By Daniel Wiessner (Reuters) - A federal judge in Texas on Friday permanently blocked a Biden administration rule that would have made about 4 million more salaried U.S. workers...
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Nov 15, 2024
Fed's Goolsbee sees another 125 bps of rate cuts by end-2025
(Reuters) - Federal Reserve Bank of Chicago President Austan Goolsbee on Friday signaled he feels the U.S. central bank will likely end up cutting the policy rate by another...
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Nov 15, 2024
Elon Musk efficiency panel seeks 'high IQ' staff, plans livestreams
WASHINGTON (Reuters) - Elon Musk's government efficiency panel wants "high IQ" employees and plans weekly livestreams, according to X posts about President-elect Donald Trump's...
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Nov 15, 2024
Nvidia results in focus as stock market's election boost stalls
By Lewis (JO:LEWJ) Krauskopf NEW YORK (Reuters) - Nvidia Corp (NASDAQ:NVDA)'s results in the coming week could guide the U.S. stock market on its next path, as investors turn...
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Nov 15, 2024
Solid US retail sales in October underscore economy's resilience
By Lucia Mutikani WASHINGTON (Reuters) -U.S. retail sales increased slightly more than expected in October as households boosted purchases of motor vehicles and electronic goods,...
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Nov 15, 2024
Mexico to extend $6.7 billion to cover oil producer Pemex's debt in 2025
MEXICO CITY (Reuters) - The Mexican government expects to transfer 136 billion pesos ($6.69 billion) to state oil producer Pemex next year to help the heavily indebted firm meet...
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Nov 15, 2024
Rescinding US EV tax credit would cede ground to China, Granholm says
BAKU (Reuters) - Cancelling the U.S. electric vehicle tax credit would be counterproductive and cede ground to car-makers in China, U.S. Energy Secretary Jennifer Granholm told...
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Nov 15, 2024
Changes needed to German spending rules to support Ukraine, Scholz says
By Maria Martinez BERLIN (Reuters) -Changes are needed to Germany's spending cap to respond to the "financial emergency" of war in Ukraine, Chancellor Olaf Scholz said on Friday,...
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