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Rubio Lays Out Venezuela's Path Forward in 3 Phases
Secretary of State Marco Rubio outlined the path for Venezuela's return to normalcy, making his points Friday at a meeting with President Donald Trump, Cabinet officials, and oil company executives.
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Trump Promises 'Total Safety' for US Oil Firms in Venezuela
President Donald Trump Friday called on oil executives to rush back into Venezuela as the White House looks to quickly secure $100 billion in investments to revive the country's ability to fully tap into its expansive reserves of petroleum.Since the U.S. military raid to...
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Trump: 'We're Open for Business' on Venezuelan Oil
The United States will refine and sell up to 50 million barrels of Venezuelan ?crude oil under a new arrangement with the country following the ousting of former president Nicolas ?Maduro, President Donald Trump said Friday.
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Fed's Bostic: High Inflation Still Bank's Main Challenge
Federal Reserve Bank of Atlanta President Raphael Bostic said Friday in a radio interview inflation issues are still at the forefront of his economic concerns.
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Federal Reserve: US Household Wealth Hits Record $180T
U.S. household wealth hit a record high of more ?than $180 trillion in the third quarter of 2025 on the back of an AI-boom in the stock market and continued gains in home prices, data from the Federal Reserve showed Friday.
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Equity Funds See Outflows on Geopolitical, Rate Worries
U.S. equity funds saw sizeable outflows in the seven ?days through January 7, as investors turned cautious over deepening global tensions and ahead of the U.S. jobs report, seen as one of the factors influencing the Federal Reserve's rate outlook.
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Single-Family Housing Starts Rebound in October
U.S. single-family homebuilding rebounded ?in October, but permits for future construction eased, signaling caution among builders as new housing inventory remains high and demand soft.
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US Adds 50K Jobs, Unemployment Falls to 4.4%
U.S. job growth slowed more than expected in December amid business caution ?about hiring because of import tariffs and rising artificial intelligence investment, but the unemployment rate dipped to 4.4%, supporting expectations the Federal Reserve would leave interest...
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UN Forecasts 2.0% US Economic Growth in 2026
A United Nations report said economic growth in the United States slowed to 1.9% in 2025 , from 2.8% in 2024 , but was forecast to edge up to 2.0% in 2026 and 2.2% in 2027, aided by expansionary fiscal and monetary policies.
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Supreme Court Set to Rule on Trump Tariffs
The U.S. Supreme Court could issue at least one ruling on Friday as several major cases remain pending including litigation testing the legality of President Donald Trump's sweeping global tariffs.
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US Weighs Buying Greenland, $100K per Resident
The Trump administration is considering sending lump-sum payments of up to $100,000 to each of Greenland's roughly 57,000 residents as part of an effort to buy the Arctic island, media outlets reported Thursday.
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Trump: Oil Companies to Invest $100B in Venezuela
President Donald Trump said Thursday that ?oil companies will spend ?at least $100 billion in Venezuela. Trump made ?his comments in a TV interview ahead ?of a meeting with oil executives on Friday. "We're going to meet with the biggest oil people in the world," Trump ...
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Burgum: Venezuela Ties Will Lower US Energy Costs
Interior Secretary Doug Burgum told Newsmax on Thursday that improving U.S. relations with Venezuela and eventually accessing its oil reserves under a friendly government could help lower energy costs for American consumers and boost national prosperity.
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States Face Big Medicaid, SNAP, Tax Decisions in 2026
States have major decisions to make in 2026 about the social safety net and taxes in the aftermath of a sweeping law President Donald Trump signed last year.
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Bessent: Tax Break a Tailwind for US Economy in 2026
U.S. Treasury Secretary Scott Bessent Thursday said an early start to the 2026 tax filing season would provide ?a tailwind to the U.S. economy by allowing benefits ?from Republican-passed tax breaks to flow quickly to Americans.
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Trump Says He Has Reached Decision on Fed Chair
U.S. ?President Donald Trump said he has made a decision on who he would pick as ?the next Federal Reserve chairman but stopped ?short of disclosing his choice in an interview he gave to ?The New York Times.
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US Wholesale Inventories Build Further in October
U.S. wholesale inventories increased again ?in October, suggesting inventories could add to gross domestic product in the fourth quarter after being a drag for two straight quarters.
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New York Fed: Americans Grow More Worried About Jobs
Americans grew more worried about the job market in December even as anxieties over personal finances faded, while near-term inflation expectations increased, a report from the New York Federal Reserve showed Wednesday.
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Trade Deficit Lowest Since 2009 as Imports Decline
The U.S. trade deficit contracted sharply in October, hitting the lowest ?level since mid-2009 as imports declined, a trend that if sustained could see trade again adding to economic growth in the fourth quarter.
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Mamdani Aide: Rent Control to Cut Property Values
New York City Mayor Zohran Mamdani's top housing official once declared plans to make property "worth less" through the use of rent control.
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Unemployment Claims Edge Up but Layoffs Stay Low
U.S. filings for jobless benefits rose in the last week of 2025 but remain historically low, despite signs that the labor market is weakening.
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Chicago Fed: Dec. Unemployment Likely at 4.6%
The U.S. unemployment rate was unchanged at 4.6% in ?December, the Chicago Federal Reserve estimated Thursday, a figure that suggests the labor market remained stuck in a low-hire, low-fire mode and may add to the case for more Fed interest rate cuts ahead.
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Importers Face $150B Tariff Refund Fight
Company executives, customs brokers and trade lawyers are bracing for a Supreme Court ruling on the legality of President Donald Trump's sweeping ?global tariffs - and a potential fight over obtaining perhaps $150 billion in refunds from the U.S. government for duties...
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Trump Withdraws US From Global Climate Agreement
President Donald Trump said Wednesday the United States will withdraw from the international agreement that has served as the foundation for global efforts to rein in climate change for 34 years.
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Geopolitics Ignite Gold's Safe-Haven Surge
With recent events in Venezuela, geopolitics are heating up an already volatile world. The removal of Nicolás Maduro from power has injected fresh uncertainty far beyond the borders of Venezuela.