Federal Reserve may shed light on prospects for rate cuts in 2024 while keeping key rate unchanged
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Will the Federal Reserve cut its key interest rate sometime next year — and, if so, by how much? Wall Street investors have been obsessed with such questions since a top Fed official hinted last …
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By CHRISTOPHER RUGABER
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12/13/23
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Germany's government reaches a deal to resolve its budget crisis and keeps up support for Ukraine
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Germany’s governing coalition has reached a deal to resolve a budget crisis triggered by a court ruling last month. It agreed Wednesday to cut some subsidies and spending but stressed that Berlin …
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By GEIR MOULSON
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12/13/23
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What small businesses need to know about new regulations going into 2024
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Regulations are a double-edged sword. They're created to improve business dealings, discourage unfair or illegal business activity, and protect workers. But, for small business owners, they often …
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By MAE ANDERSON
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12/13/23
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Sri Lanka will get the second tranche of a much-need bailout package from the IMF
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The International Monetary Fund executive board has approved the release of the second tranche of a bailout package to help Sri Lanka recover from the worst economic crisis in its history. The fund …
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By KRISHAN FRANCIS
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12/13/23
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New Polish Prime Minister Donald Tusk is sworn in with his government
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The new Polish Prime Minister Donald Tusk has been sworn in by the president in a ceremony where each of his ministers was also taking the oath of office. The swearing-in ceremony of the pro-European …
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12/13/23
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The Fruits of November: Gains in Stocks and Bonds
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One of my friends messaged me last week and said, "Can I please have several more Novembers?" Yes, the markets in November were that good.
Both stocks and bonds had solid gains in …
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Dr. Richard Baker, Fervent Wealth Management
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12/13/23
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Stock market today: Asian shares are mixed ahead of the Fed's decision on interest rates
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Asian shares are mixed ahead a decision by the U.S. Federal Reserve on interest rates. Benchmarks declined in Hong Kong, Shanghai and Seoul but rose in Tokyo and Sydney. U.S. futures edged higher …
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By ELAINE KURTENBACH
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12/13/23
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Missiles from rebel territory in Yemen miss a ship near key Bab el-Mandeb Strait, US official says
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Two missiles fired from territory held by Yemen’s Houthi rebels missed a commercial tanker near the key Bab el-Mandeb Strait on Wednesday, That's according to a U.S. official who spoke on condition …
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By JON GAMBRELL
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12/13/23
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China-made C919, ARJ21 passenger jets on display in Hong Kong
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Chinese aerospace company COMAC has showcased its domestically-developed C919 passenger jet in Hong Kong, giving officials and media a close-up look at the narrow-bodied aircraft. A welcome ceremony …
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By ZEN SOO
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12/13/23
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Newest, bluest resort on Las Vegas Strip aims to bring Miami Beach vibe to southern Nevada
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A towering new tower aiming for the vibe of Miami Beach’s venerable Fontainebleau resort is opening on the Las Vegas Strip. The Fontainebleau Las Vegas opens to guests and gamblers just before …
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By KEN RITTER
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12/13/23
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Maine is considering California-style incentives to encourage electric vehicle sales
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Maine's environmental board is set to decide next week whether the state should adopt California-style regulations limiting the sale of new gas-powered vehicles. Supporters say the proposal being …
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By DAVID SHARP
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12/13/23
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Norfolk, Virginia, approves military-themed brewery despite some community pushback
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A military-themed brewery will open in Virginia despite some community opposition. The pushback among some residents in Norfolk was over the alleged racist and homophobic remarks of a former Navy …
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By BEN FINLEY
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12/12/23
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US proposes replacing engine-housing parts on Boeing jets like one involved in passenger's death
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Five years after a fatal accident, federal officials are proposing modifications and additional inspections to the engine housing of nearly 2,000 Boeing jets in the U.S. The proposal by the Federal …
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12/12/23
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Fashion retailer Zara yanks ads that some found reminiscent of Israel's war on Hamas in Gaza
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The Spanish fashion brand Zara has pulled advertising images that appeared to some to reference Israel’s war against Hamas in Gaza. The images for a line of jackets included what the company called …
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12/12/23
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Argentina devalues its currency and cuts subsidies as part of shock economic measures
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Argentina has announced a sharp devaluation of its currency and cuts to energy and transportation subsidies as part of shock adjustments new President Javier Milei says are needed to deal with an …
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By DÉBORA REY
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12/12/23
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House panel urges tougher trade rules for China, raising chance of more tariffs if Congress agrees
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A special House committee focused on China is calling for altering the way the U.S. treats Chinese-made goods, possibly subjecting them to higher tariffs and risking increased economic tensions …
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By KEVIN FREKING
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12/12/23
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Pew survey: YouTube tops teens' social-media diet, with roughly a sixth using it almost constantly
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Teen usage of social media hasn’t dropped much, despite rising concerns about its effects on the mental health of adolescents. That's according to a survey from the Pew Research Institute. But the …
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12/12/23
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Virginia sheriff's office says Tesla was running on Autopilot moments before tractor-trailer crash
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Virginia authorities have determined that a Tesla was operating on its Autopilot system and was speeding in the moments leading to a crash with a crossing tractor-trailer last July that killed the …
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By TOM KRISHER
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12/12/23
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Colorado cattle industry sues over wolf reintroduction on the cusp of the animals' release
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The Colorado cattle industry association filed a lawsuit Monday against state and federal agencies over the reintroduction of gray wolves just weeks away from the predators' release. The Gunnison …
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By JESSE BEDAYN
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12/12/23
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Federal judge upholds Texas' TikTok ban on state-owned devices
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A federal judge in Texas has upheld the state’s TikTok ban on official devices and networks. The decision came months after The Knight First Amendment Institute at Columbia University challenged …
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Associated Press
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12/12/23
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