General News
Latest news from around the World.
Wall Street is finding a new use for the latest retail-trading obsession
As more people start using prediction markets, Wall Street is finding ways to derive value from them.
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New Fed chair Warsh will have a fight on his hands if he pushes for interest-rate cuts
Statements from three officials show inflation fears are giving them cold feet about any more rate cuts.
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Where could gas prices be by Memorial Day?
FOX Business correspondent Lauren Simonetti reports on rising crude oil prices as analysts forecast $5-a-gallon gas prices by Memorial Day amid Middle East tensions near the Strait of Hormuz on ‘Varney & Co.' #fox #media #us #usa #new #news #foxbusiness #gasprices #oil #crudeoil #energy #economy #inflation #market #drivers #travel #memorialday #middleeast #global #trade #straitofhormuz #analysis
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Trump Announces New 25% Tariffs On European Cars And Trucks—These Exporters Will Be Hit Hardest
Germany: $26 billion
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Dow Jones Nears 50,000 - Will Stock Market Bulls Ever Be Defeated?
US stock markets are continuing their breakouts to ever-fresher highs, but short-term profit-taking seems to be ruining the party. The Dow Jones could retake 50,000 in today's session, barring no weekend-safety trading.
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Stocks Eye Weekly Wins After Impressive April Finish
The S&P 500 (SPX) and Nasdaq Composite (SPX) continued to string along record highs this week, despite the U.S.-Iran stalemate and a Wall Street Journal report that sparked concerns over OpenAI's financial sustainability.
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Trump's tariffs on EU autos show US to be unreliable, says EU parliament's trade committee chair
U.S. President Donald Trump's announcement to increase tariffs on cars from the EU shows that the U.S. is an unreliable trading partner, EU parliament's trade committee chair Bernd Lange said on Friday.
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Pirro keeps pressure on Fed's Powell despite dropping probe
U.S. Attorney Jeanine Pirro is facing an imminent deadline to appeal a judge's decision quashing her subpoenas into the Fed over its costly building renovations. Pirro is still planning to appeal, even though she said she has closed an investigation into Chair Jerome Powell.
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U.S. debt surpasses GDP
America's biggest problem, according to The Daily Wolf host Scott Melker, is that “we are going to keep printing money until infinity, until the machine breaks.”
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Saks Global sends its bankruptcy plan to a creditor vote
Saks Global received court approval on Friday to send its bankruptcy plan to creditors for a vote, asking them to approve a restructuring that would wipe out the company's equity and hand control over to its senior lenders.
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Trump says he's raising EU auto tariffs to 25% without clarifying how
President Donald Trump said on Truth Social that he would increase the tariff rate on EU cars and trucks to 25%. The president didn't say what authority he would use to increase the levies.
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Tech Titans Are Slashing Jobs In AI Brawl. What Investors Should Know.
Meta will ax 10% of jobs. Big AI layoffs are set at Microsoft, Amazon and Oracle.
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Trump Threatens to Raise Tariffs on EU Cars and Trucks
The president said tariffs will go from 15% to 25% and accused the bloc of failing to comply with a trade agreement it signed last year.
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Opinion | Prediction Markets Aren't a New Vegas
The CFTC takes seriously insider trading and prosecutes anyone who engages in it to the full extent of the law.
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Dan Ives: Tech Stocks Have 12–15% More Upside — His Top AI Buys Now
Dan Ives, Managing Director and Senior Equity Research Analyst at Wedbush Securities breaks down the setup behind tech's next leg higher and the AI stocks he's moving into now.
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Markets Rally on Crude Oil Crush
Kevin Green dissects current market optimism as early Friday trading squeezes higher "blowing past" his early resistance levels for the day. KG points to this week's economic data and earnings prints as cause for the rally before turning to the latest manufacturing prints topping expectations.
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3 Market Predictions For May
April saw the S&P 500 and NASDAQ post their strongest monthly gains since 2020, despite persistent geopolitical and economic headwinds. Rising energy, commodity, and transportation expenses, exacerbated by the Strait of Hormuz closure, are expected to drive stagflation and further economic pain in May.
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Trump says he will raise tariffs on EU autos to 25%
U.S. President Donald Trump on Friday said he would be increasing tariffs on cars and trucks from the European Union to 25%, saying the EU had not complied with its trade deal.
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An 8-Hour AI Result Is Testing Pharma's $10 Billion Royalty Market
The drug royalty business thrives on a bet that an approved biologic will keep printing money along a predictable schedule. Patent expires here, biosimilar enters there, revenue declines at roughly this rate.
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US Economy 'Incredibly Resilient': Mossavar-Rahmani
Sharmin Mossavar-Rahmani, wealth management CIO and head of the investment strategy group at Goldman Sachs, says the US economy has been "incredibly resilient" despite the impact of the Iran war. She joined "Bloomberg Surveillance" on April 30 to discuss how significant AI spending by Big Tech and restrictive monetary policies are shaping market dynamics.
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