General News
Latest news from around the World.
Why Markets Have Been Climbing Despite Wall Of Worry
What are the learnings investors can take from earnings? Why equity markets have shown resilience, despite risks.
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US Space Force taps 12 firms for $3.2 billion Golden Dome missile defense contracts
The U.S. Space Force has awarded contracts worth up to $3.2 billion to 12 companies to develop space-based missile defense interceptor systems, advancing U.S. President Donald Trump's Golden Dome plan.
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Brazil aims to regulate critical minerals without tax breaks, finance minister says
Brazil's planned critical minerals rules do not involve fresh tax breaks, Finance Minister Dario Durigan said on Friday, adding that their aim was to secure national sovereignty and add value through domestic processing.
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Will The Supreme Court Put An End To SEC Gag Order Settlements?
Thomas J. Powell, 59, built Resolute Capital Partners, a firm that helped companies raise money privately. Often that meant using Regulation D, a rule that lets businesses sell securities without going through a full public offering.
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Analysis: The threat to the Fed's independence isn't over
U.S. Attorney for the Washington D.C. District Jeanine Pirro on Friday said she would drop a probe into the Fed's costly renovations.
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'GIANT STEP FORWARD': Reclassification of medical cannabis lauded
Trulieve founder and CEO Kim Rivers discusses the impact of Trump's administration reclassifying state-licensed medical cannabis from Schedule 1 to Schedule 3 on 'Varney & Co.' 00:00 Introduction & Reclassification Impact 02:19 Tax Reform & Business Normalization 03:18 Edibles vs. Vapes for Medical Use
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What Are Prediction Markets, and Why Are They Causing Controversy?
The indictment of a soldier who bet on the U.S. operation to capture President Nicolás Maduro of Venezuela put renewed focus on a new way to gamble, and a new way to cheat.
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Tech, Earnings Fight For Wall Street's Attention
This week saw the ceasefire deadline come and go with relatively little fanfare.
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Dow Jones And U.S. Stock Market Outlook - Nasdaq And Tech Continue To Outperform
US stock benchmarks wiggle around for the 4th consecutive session as fundamentals remain quite mixed. Tech, however, keeps dominating the charts and allows Nasdaq to extend to new record highs.
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Canadian Retail Sales Improve Ahead of Expected Squeeze
Canadians' retail spending rebounded during the first quarter, highlighting consumer resilience that is likely to be tested by a jump in fuel costs.
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Stocks Are Rising Despite Falling Liquidity Amid Mounting Risks
Equity markets have risen despite a sharp liquidity drain around tax season, defying historical patterns. Fed reserve balances have fallen to $2.9 trillion, with the Treasury General Account rising, creating a negative liquidity impulse.
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Mamdani and Hochul's pied-à-terre tax would bring tsunami of legal battles over NYC property values, experts say
Mayor Mamdani and New York Gov. Kathy Hochul last week announced the new tax on luxury second homes worth more than $5 million.
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Bessent defends U.S. dollar swap lines as Iran war harms global finances
Treasury Secretary Scott Bessent in a social media post Friday defended the possibility of the U.S. participating in currency swaps with allies in the Persian Gulf and Asia during the Iran war. The ongoing discussions with those countries about U.S. dollar swap lines "are part of ongoing, routine conversations that @USTreasury has been having with our partners over a number of years," Bessent said.
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API, farm groups urge Congress to back year-long E15 sales as prices rise
Groups representing ethanol producers, farmers, and fuel retailers urged Congress on Thursday to allow gas stations to sell higher-ethanol gasoline blends year-round to combat the higher pump prices that have persisted since the start of the war in Iran.
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DOJ drops criminal probe of Fed Chair Powell
The Department of Justice on Friday dropped its criminal investigation of Federal Reserve Chair Jerome Powell, removing a major hurdle to the Senate confirming President Donald Trump's nomination of Kevin Warsh to replace him.
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It May Be Time to Take Some Chip Stocks Off the Table as Semis Surge
The iShares Semiconductor ETF has surged nearly 50% since late March, leaving valuations stretched and raising the risk of a pullback.
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Jane Street's $40 billion trading haul tops rivals, sources say
Jane Street, Wall Street's leading market maker, generated a record $39.6 billion in net trading revenue last year, leapfrogging its biggest high-speed trading rivals and several investment banks including JPMorgan , according to documents seen by Reuters and people familiar with the matter.
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Bettors on Kalshi now see Warsh likely confirmed by mid-May after DOJ drops Powell probe
Bettors on prediction markets platform Kalshi now see an 86% chance Kevin Warsh is confirmed as Chairman of the Federal Reserve by May 15. Before the Department of Justice announced it was dropping a criminal inquiry into current Fed Chair Jerome Powell, those odds were around 30%.
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The Calm Before The Storm? Key Weekend Risk Incoming - Overnight Market Check
Markets are gripped by uncertainty, and with no signs of clear progress in the negotiations, participants are in a wait-and-see stance. The more time goes, the more oil prices have the chances to grind higher, pressured by the lack of concrete diplomatic advances.
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Week Ahead for FX, Bonds: Major Central Bank Meetings Due as Middle East Conflict Continues
A string of decisions by major central banks are due in the week ahead, including from the Federal Reserve, the European Central Bank, the Bank of Japan and the Bank of England.
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