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Federal Reserve expected to hold interest rates steady, defying Trump

(NEW YORK) -- The Federal Reserve on Wednesday is set to announce its latest decision on the level of interest rates, marking its first rate move since news surfaced of a federal criminal investigation into Fed Chair Jerome Powell.The investigation ratcheted up an extraordinary ...
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Amazon to reduce workforce by 16,000, company says in email to staff

(NEW YORK) -- Tech giant Amazon said on Wednesday it planned to cut about 16,000 employees as it seeks to "strengthen" its business by reducing "layers" and "bureaucracy" within its workforce."The reductions we are making today will impact approximately 16,000 roles across Amazon, and ...
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Trade tensions are whipsawing US mortgage rates. What happens next?

(NEW YORK) -- Mortgage rates whipsawed in recent weeks as markets reacted to a flurry of policies from the Trump administration.It began with a major milestone. Mortgage rates earlier this month fell below 6% for the first time in nearly three years, according to ...
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Gold hits record high as investors seek safety

Gold soared to a new record high on Monday, topping $5,000 per ounce for the first time ever as investors rushed toward the safe-haven asset amid geopolitical unrest.The latest uptick continued a blazing-hot stretch for gold. Over the past year, the price has climbed ...
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Dow closes up 580 points after Trump backs off tariffs over Greenland

(NEW YORK) -- Stocks closed markedly higher on Wednesday after President Donald Trump backed off of tariff threats over Greenland. The major indexes recovered most of the losses they suffered the day before amid trade tensions centered on the Danish territory.The Dow Jones Industrial ...
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European officials suspend US trade agreement amid tariff dispute over Greenland

(NEW YORK) -- European lawmakers on Wednesday suspended a trade agreement with the United States over tariff threats issued by President Donald Trump as part of his push to acquire Greenland.The announcement came minutes after President Donald Trump reasserted his call for U.S. ownership ...
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Stocks fall as Trump threatens tariffs on European countries over Greenland

(NEW YORK) -- Stocks tumbled in early trading on Tuesday as President Donald Trump threatened tariffs on multiple European countries as part of a push for U.S. control of Greenland.The Dow Jones Industrial Average fell 735 points, or 1.4%, while the S&P 500 declined ...
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Verizon outage affecting thousands of customers

(NEW YORK) -- Some Verizon customers were experiencing a service outage on Wednesday afternoon, according to the company.Verizon said it was not immediately clear how long the service would be down."We are aware of an issue impacting wireless voice and data services for some ...
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Inflation expected to have held firm, posing challenge amid DOJ probe into Fed Chair Powell

(NEW YORK) -- An inflation report on Tuesday is set to provide a key gauge of the nation's economy, just days after reports of a Department of Justice probe into Federal Reserve Chair Jerome Powell brought fresh scrutiny to the independence of the central ...
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Stocks fall after Trump’s DOJ opens criminal probe into Fed Chair Powell

(NEW YORK) -- Stocks slid in early trading on Monday hours after reports that the Department of Justice had opened a criminal investigation into Federal Reserve Chair Jerome Powell centered on the central bank leader's remarks to Congress about an office renovation project.Powell, who ...
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