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Trump Calls for Air Traffic Control Upgrades
Striking a somber but still hopeful tone, President Donald Trump participated in the National Prayer Breakfast at the Capitol on Thursday, calling for a religious revival in America, lamenting fate, and seeking Congress' help to reform U.S. air traffic control systems.
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Fed Falls in Line With Trump's Bullish Crypto Approach
When Federal Reserve Chair Jerome Powell took to the podium last week to announce that interest rates would remain unchanged, his remarks on cryptocurrencies sent an unmistakable signal: the financial establishment is finally acknowledging crypto's role in the future of...
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ChatGPT Rolls Out at Calif. State, Targeting Higher Ed
Microsoft-backed OpenAI said on Tuesday it will roll out an education-specific version of its chatbot to about 500,000 students and faculty at California State University as it looks to expand its user base in the academic sector.
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Gold Hits Record $2,790 as Traders Stockpile $82B
New York bullion traders have amassed a $82 billion stockpile of gold on fears of Trump tariffs on commodities, The Financial Times reports.
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Big Tech Faces Heat as DeepSeek Sows Doubts on Multi-Billion Spending
Chinese startup DeepSeek's cheaper AI is sharpening investor scrutiny of the billions U.S. tech giants are pouring to develop the technology and analysts say it will dominate this week's much-awaited results from industry bellwethers.
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Tech Stocks Lose Over $1 Trillion on DeepSeek Upset
Major U.S. technology stocks - including Nvidia, Microsoft, and Tesla - lost a colossal $1 trillion market cap Monday on fears of disruption from an advanced artificial intelligence startup from China called DeepSeek.
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Is the Car Market CRASHING in 2025?
Cars continue to get more expense every year. Since the pandemic, prices have increased an average of $10,000. Consumers can't afford these vehicle and a price decrease is desperately needed.
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Hedge Funds Paused US AI Bets as DeepSeek Arose
Hedge funds were already waiting to see if a U.S.-fostered, home-grown artificial intelligence boom would continue as China's new AI model was emerging to challenge U.S. dominance in the sector, a Goldman Sachs note said.
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Trump's Tariffs May Help the Electric Car Industry
As the automotive industry braces for potential policy shifts under a Trump administration, two leading experts, myself, founder of Car Coach Reports, and Tom Maoli, CEO of Celebrity Motor Car Company, partnered for an episode of Inside Automotive.
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Global Industrial, Tech Stocks Rally on Trump's AI Push
Global industrial and technology stocks including Oracle and Schneider Electric rallied Wednesday after U.S. President Donald Trump unveiled a massive artificial intelligence investment push.
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Google to Invest $1B in OpenAI Rival Anthropic
Google is making a fresh investment of more than $1 billion into AI startup Anthropic, The Financial Times reported Wednesday.
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Banks Run Trump 'War Rooms' as Trade Ructions Expected
Bankers at JPMorgan worked through the night in a "war room" to try and assess the early impact of U.S. President Donald Trump's administration on global trade, regulation and other matters, an executive at the bank said Tuesday.
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Markets Optimistic as Trump Returns to White House
Investors welcomed Donald Trump's second inauguration, anticipating a pro-business agenda, while remaining wary of his protectionist trade policies, particularly his stance on tariffs.
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Profits at Wall Street Banks Jump on Trading, Deals
Profits at some of the biggest U.S. lenders rose in the fourth quarter as dealmaking picked up and trading was boosted by strong equity markets, sparking a rally in banking stocks on Wednesday.
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Apple, Samsung Smartphone Shipments Fall as China Sales Rise
Smartphone shipments for Apple and Samsung declined in the fourth quarter globally, as they grapple with intense competition from Chinese companies including Xiaomi, according to preliminary data from the International Data Corporation (IDC) Monday.
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P&C Insurers Slide as L.A. Wildfire Losses Mount
U.S. property and casualty insurance stocks slid in premarket trading Friday on worries over the billions of dollars in potential catastrophe-related claims from the wildfires menacing Los Angeles, California.
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Trump's EV Policies Cloud Carmakers' 2025 Outlook
Electric vehicle demand is expected to keep rising this year, but uncertainty over policy changes and tariffs is clouding the forecast.
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TVs Get Smarter as Makers Cater to 'AI Lifestyles'
Dazzling televisions that routinely star at the Consumer Electronics Show opening here Tuesday are getting ever smarter with an eye toward being at the heart of "AI-centered lifestyles."
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Wall Street Exodus From Climate Group Draws Scorn
U.S. lenders have been rushing in recent weeks to leave one of the world's top banking sector climate coalitions, drawing scorn from campaigners who worry the industry is losing resolve to take action on fossil fuels.
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2024 US New-Car Sales Back to Five-Year High
U.S. new-car sales in 2024 continued to rise from their pandemic lows, bolstered by replenished inventories and higher incentives, analysts estimated.
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Crypto Industry Eyes Day-One Trump Executive Orders
The cryptocurrency industry is pushing President-elect Donald Trump's team to kick start his promised crypto policy overhaul when he takes office next month with executive orders that would help push tokens mainstream, according to industry officials.
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Car Makers Want EV Tax Credits SAVED But Is It A BIG Mistake?
A group representing major automakers including General Motors are urging President-elect Donald Trump to retain key tax credits for electric vehicle purchases and take steps to speed deployment of self-driving cars. Why would car brands want to continue to take a loss?...
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Time to Tackle the Live Nation Monopoly
In recent years, Ticketmaster has become synonymous with consumer frustration and dissatisfaction. From opaque ticketing practices to failures with their technology and platform, the company has faced a variety of complaints from concert-goers and event enthusiasts alike....
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High-Octane Rally Keeps Investors Captive to the US
Markets that began the year with investors expecting a global stock rally to fizzle, swift U.S. interest rate cuts to boost Treasuries and soften the dollar and emerging market currencies to strengthen have firmly defied that consensus.
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Credit Card Defaults at Highest Level Since 2008
U.S. credit card defaults rose to their highest level since the wake of the 2008 Great Recession, pointing to a deterioration in lower-income consumers' financial health, the Financial Times reports.