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Trump's War on Medicaid Fraud Finally Gains Steam
A commonsense attempt to rein in a program that has strayed far from its original purpose of caring for the disabled and destitute. Medicaid covers more than one in five Americans, many of whom are perfectly capable of working and providing for themselves.
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Nothing Apocalyptic About AI-Drop the Hype
By slowing down, demanding clarity, and following evidence rather than excitement, readers can avoid being misled and develop a more accurate, grounded understanding of what artificial intelligence can - and cannot - do.
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NYC Mayor Mamdani Defends Working With Trump
New York Mayor Zohran Mamdani says he has built a working relationship with President Donald Trump, even while continuing to label the Republican commander in chief a fascist.
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Earnings Season Set to Test War-Rattled Stocks
Investors will seek evidence in the coming week that the U.S. corporate profit engine is humming along, and whether threats to that upbeat business outlook are emerging from the Middle East war and the resulting surge in energy costs.
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Fed's Daly: Oil Shock Slowing Inflation Fight
San Francisco Federal Reserve President Mary Daly said the U.S. economy is fundamentally solid, the labor market has steadied, and monetary policy is in a "good place" - restrictive enough to put downward pressure on inflation without undercutting the labor market.
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US Consumer Sentiment Dives to a Record Low
U.S. consumer sentiment plunged to a record low in early April and consumers anticipated a surge in inflation in the next 12 months, a survey showed Friday.
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Inflation Surges to 3.3% in March
U.S. consumer prices increased by the most in nearly four years in March as the war with Iran boosted oil prices and the pass-through from tariffs persisted, further diminishing chances for an interest rate cut this year.
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Texas Record Oil Production Stabilizing US Supply Amid War
Last year's record oil production in West Texas has helped the United States supply remain stable despite stockpiles facing a tight squeeze around the world because of the war in Iran, according to experts.
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Brent Crude Tops $98 on US-Iran Ceasefire Doubts
Oil prices are climbing back toward $100 per barrel Thursday, while stock markets worldwide slow following their big gains from the day before.
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PCE Inflation Holds Steady at 2.8% in February
U.S. inflation increased as expected in February and likely rose further in March amid the war with Iran, a trend that is expected to discourage the Federal Reserve from cutting interest rates for a while.
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US Fourth Quarter GDP Downgraded to 0.5%
The American economy, slowed by last fall's 43-day government shutdown, grew at a sluggish 0.5% annual pace from October through December, the Commerce Department reported Thursday in downgrade of its previous estimate.
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Jobless Claims Jump to 219K But Remain Stable
U.S. applications for unemployment benefits rose last week before Iran, Israel and the U.S. announced a two-week ceasefire deal that injected a degree of optimism into a still-clouded global economic picture.
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Reuters: Iran's Economy on Brink of Collapse
Iranian authorities see the truce with the United States and Israel as a strategic victory, but they emerge battered and isolated with an economy in tatters, little prospect of rapid recovery and an impoverished, embittered population. After weeks of U.S. and Israeli ...
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Housing Fix Hinges on Policy, Innovation
For the first time in decades, a growing share of Americans no longer believes homeownership is within reach.
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Democrats, a Cruel Party, Endangering U.S.
Today's sick, evil Democrat Party deliberately steers citizens into, not out of, harm's way. It has become a clear and present danger to the United States of America.
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Hegseth: US to Maintain Presence at Hormuz Strait
War Department Secretary Pete Hegseth said Wednesday the United States will keep forces in place around the Strait of Hormuz to enforce a ceasefire with Iran and guarantee shipping lanes remain open following a U.S.-brokered deal.
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The Great Exodus: Why Financial Jobs Are Fleeing NYC
As a wealth management lawyer, growing up around New Orleans which was the "Gateway to Latin America", I have always known that the Global South would be important to the international economy.
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Iran War Oil Shock Raises Global Recession Risk
With the war in its sixth week and almost a fifth of the world’s oil supplies affected by Iran’s limits on shipping through the Strait of Hormuz, consequences are spreading from financial markets into business activity, raising risks of a global economic pullback – or even recession.
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Office Buildings Selling at Massive Discounts
The U.S. office market is entering a new phase of distress, with some properties selling at discounts exceeding 90% as landlords and lenders finally accept steep losses after years of holding out for a post-pandemic recovery.
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Wartime Risks for the Economy
The war with Iran will last longer than President Trump had hoped, but an early withdrawal would pose grave risks for the global economy.
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NYC Office Real Estate Rises Under Socialist Mamdani
New York City's office market is, surprisingly, showing signs of strength - even as concerns grow that Mayor Zohran Mamdani's policies could accelerate a longer-term corporate exodus from the nation's financial capital, CNBC reports.
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US Service Sector Cools Amid Signs of Inflation
U.S. services sector growth slowed in March, while prices paid by businesses for inputs climbed to near a 3-1/2-year high, an early sign that the prolonged war with Iran was boosting inflation pressures.
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US Gas Average Hits $4.12 as Calif. Nears $6 a Gallon
Gas prices are climbing nationwide, with the US average at $4.119 per gallon while California drivers are paying nearly $5.93 per gallon, according to AAA.
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Dimon: Iran War May Drive Inflation, Interest Rates Higher
JPMorgan Chase CEO Jamie Dimon warned Monday that the war in Iran risks oil and commodity price shocks that could keep inflation sticky and push interest rates higher than the market now expects.
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Germany's Economy Is Running on Wear and Tear
If anyone still needed a concrete figure to illustrate the dramatic state of the German economy, the Federal Statistical Office has now delivered it. The country's investment ratio is negative, as depreciation exceeds nominal investments. Slowly but surely, the lights are...