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RBC: Economy, Stocks Set for Continued Growth
U.S. stocks and the broader economy appear positioned for continued growth heading into 2026, though several major hurdles must be cleared for the bull market to persist, according to RBC Wealth Management's Global Insight 2026 Outlook released Thursday.
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Unemployment Claims Fall to 191K, Lowest Since Sept. 2022
The number of Americans filing new applications for unemployment benefits dropped to the lowest level in more than three years last week, allaying fears of a sharp deterioration in labor market conditions and potentially arguing against another interest rate cut from the...
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Chicago Fed: Unemployment Holds Steady at 4.4%
The U.S. unemployment rate was unchanged around 4.4% in November, the Chicago Federal Reserve estimated Thursday, while closely watched data from a private provider added to the evidence that the U.S. labor market is slowly weakening.
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Challenger: US Planned Job Cuts Fall 53% in Nov.
Layoffs announced by U.S. employers fell sharply in November, but hiring intentions continued to lag as businesses navigated an uncertain economic environment against the backdrop of tariffs on imports and slowing demand.
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Bessent: High Court Ruling Won't Affect Tariff Policy
Treasury Secretary Scott Bessent on Wednesday said the Trump administration will still implement its tariffs should the Supreme Court rule against President Donald Trump's use of the International Emergency Economic Powers Act to impose levies on trading partners.
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Treasury Adviser: Lower Rates Would Boost Housing
Lower interest rates would likely eliminate the need for a 50-year mortgage floated by President Donald Trump to boost housing affordability, Joseph Lavorgna, a counselor to U.S. Treasury Secretary Scott Bessent, said Wednesday.
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Trump to Scrap Biden's Fuel-Economy Standards
The Trump administration Wednesday proposed slashing fuel economy standards that former President Joe Biden had finalized last year, in its latest push to make it easier for automakers to sell gasoline-powered cars.
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AI Economy: Promise or Peril?
We are witnessing something like a new industrial revolution with AI. But drastic change doesn't come without major disruption. And right now, no one knows exactly what the shape the new AI economy will look like.
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Bessent Sees More Private Contributions to 'Trump Accounts'
U.S. Treasury Secretary Scott Bessent said he expects more billionaires, foundations and corporations to contribute funds to the new "Trump accounts" for 25 million Americans born between 2025 and 2028, which he said will help them participate in asset appreciation now...
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Bessent Wants Residency Rule for Regional Fed Chiefs
U.S. Treasury Secretary Scott Bessent Wednesday said he plans to advocate for a requirement that the 12 regional Federal Reserve Bank presidents reside in their districts for at least three years before being appointed to those positions.
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US Manufacturing Production Flat in September
U.S. factory production was unchanged in September as manufacturing remained constrained by tariffs on imports.The flat reading in manufacturing output reported by the Federal Reserve on Wednesday followed an unrevised 0.1% gain in August. Economists polled by Reuters had...
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US Services Little Changed in November
The U.S. services sector activity held steady in November, with employment still subdued and prices for inputs elevated, a survey showed Wednesday.
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US Import Prices Surprisingly Flat in September
U.S. import prices were unexpectedly unchanged in September as high costs for consumer goods, excluding motor vehicles, were offset by cheaper energy products.
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Private-Sector Jobs Unexpectedly Decrease
U.S. private payrolls unexpectedly declined in November, the ADP employment report showed Wednesday.Private employment decreased by 32,000 jobs last month after an upwardly revised 47,000 increase in October.
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Time to Sound the Alarm on Growing Financial Risk
Government bonds , the assets investors rely on as the safest in the world , are becoming less secure as public debt rises and the financial system holding that debt becomes more fragile, Financial Times Chief Economics Commentator Martin Wolf warns.
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Fed's Unprecedented Post-COVID Losses Are Over
The Federal Reserve appears to have finally turned the corner on a three-year-long string of unprecedented loss-making tied to how it has implemented monetary policy in the wake of the COVID-19 pandemic.
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Trump: 'Affordability' a Democrat Scam
President Donald Trump blasted Democrats' economic messaging during a Cabinet meeting Tuesday, calling their focus on "affordability" nothing more than a political "con job."
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Gold Dispute: Is Italy Preparing a National Bullion Reserve?
The government of Giorgia Meloni is planning to transfer the enormous gold holdings of the Italian central bank to the state. At the same time, citizens will be asked to legitimize undeclared private gold through a one-time levy.
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12 Reasons Americans Prefer Populist Libertarians to Socialists
In modern American politics, economic frustration and social uncertainty often drive voters toward candidates who promise dramatic change.
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US Holiday Online Sales Surge to $44.2 Billion
U.S. shoppers spent $14.25 billion on Cyber Monday, pushing total online sales over the Thanksgiving weekend to $44.2 billion, according to an Adobe Analytics report, as consumers lapped up offers on everything from gadgets to household essentials.
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Major Brokerages Boost Bets on Dec. Fed Rate Cut
BofA Global Research became the latest brokerage to forecast an interest rate cut by the U.S. Federal Reserve in December, as dovish signals from key voting members and weakness in labor market conditions ramped up hopes of lower borrowing costs.
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Bitcoin Dips Below $85,000 in Cryptocurrency Rout
Bitcoin and companies tied to cryptocurrencies extended a nearly two-month swoon Monday, tracking with a broader market sell-off in technology companies that many see as overvalued.
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Toxic Contact Ban in Germany
The Beginning of the End of the Firewall
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Small Business Optimism Dips as Healthcare Costs Soar
The longest government shutdown in U.S. history recently came to an end as Democrats yielded to mounting pressure from constituents, labor unions, small businesses, and the GOP majority.
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Americans May Return to Working With Their Hands
The economy is booming but jobs are hard to find.Second quarter GDP growth was 3.8% thanks to robust investment in information processing equipment, software and R&D, mostly to build out Artificial Intelligence.