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Economy

Federal Reserve Slashes Rates

The Federal Reserve cut interest rates for the second time this year, lowering the rate by a quarter point.

Bank of America CEO Warns Middle Class ‘Pinch’ Amid Mounting Economic Risks

Bank of America CEO Brian Moynihan warns the middle class is feeling a “pinch” as income growth slows and inflation remains high.

Senator Fetterman Breaks with Democrats, Sides with Republicans to End Shutdown

Senator John Fetterman breaks with Democrats to vote with Republicans on a government funding bill, saying it's time to “put America first.”

Treasury Secretary Slams Warren Over $20B Argentina Deal—Invokes Perón

Treasury Secretary Scott Bessent defended the Donald Trump administration’s decision to offer a $20 billion currency‑swap line to Argentina.

Goldman Sachs Job Cuts Begin, Blame AI Revolution

Goldman Sachs has notified employees to prepare for another round of job cuts as the bank pushes to tighten costs and integrate artificial intelligence into its operations.

Treasury Targets Iranian Petroleum

The Treasury Department's Office of Foreign Assets Control (OFAC) sanctioned Iran's petroleum and petrochemical exports.

Gold Rush at Costco: What Last Year’s Gold Bar is Worth Today

Costco’s gold bars were a surprise hit in 2024, flying off virtual shelves as Americans turned to hard assets in uncertain economic times.

Hanson Slams Democrat Claim That ‘Economy Sucks Because of Trump’

Hanson rebuts Democrat claims that the economy “sucks” under Trump, pointing to inflation surges and price spikes during the Biden years.

FAA Warns of Major Flight Disruptions Amid Air Traffic Controller Shortages

The FAA warns of nationwide flight delays and reroutes as air traffic controller shortages hit major control centers during the shutdown.

Tesla Teases Major Announcement With Cryptic Videos Ahead of Tuesday Reveal

Tesla released mysterious teaser videos ahead of a Tuesday announcement, sparking speculation of a cheaper Model Y.

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