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'AI Doomsday' Report Sparks Job Loss Fears
Wall Street didn't need a recession, a banking crisis or a geopolitical shock to tumble Monday. It needed a 7,000-word essay about artificial intelligence, The Wall Street Journal reports.
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Fed's Cook: AI May Cause Short-Term Unemployment
Artificial intelligence has triggered a generational shift in the U.S. labor market and could lead to a possible rise in the unemployment rate that the U.S. central bank may not be able to counter with lower interest rates, Federal Reserve Governor Lisa Cook said...
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US Home Price Growth Slows in December
U.S. single-family house price gains slowed in December, but economists believe tight inventory could prevent an outright decline in national home prices.
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Bitcoin Slides to $62,907 on Tariff Turmoil, Iran Tensions
Bitcoin sank further Tuesday, trading around $62,907, down 5.02% from Monday's close, as investors continued rotating out of riskier assets amid fresh uncertainty over President Donald Trump's tariff push and rising concerns about a potential U.S.-Iran conflict, CNBC...
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Wall Street Points Toward Gains After Heavy Selling
Wall Street appears to be positioned for rebound Tuesday following an artificial intelligence sell-off a day earlier.
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US Airlines Cancel Over 2,000 Flights as Storm Disruption Continues
U.S. airlines canceled more than 2,000 flights as of 6:00 a.m. ET Tuesday, with about 600 additional delays, according to FlightAware data. The disruptions followed a powerful winter storm that affected airports across the Northeast, though cancellations were significantly...
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Bessent Warns of 'Economic Apocalypse' if Taiwan Lost
Taiwan is no longer just a test of American resolve abroad. It is a test of whether the world economy can survive a single semiconductor chip chokepoint, The New York Times reports.
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Northeast Digs Out From Brutal Snowstorm
Neighbors, government workers, and a powerful railroad snow-clearing machine nicknamed "Darth Vader" scrambled to dig out much of the northeastern United States from a brutal and - in some areas - record-breaking storm that blanketed the region with snow...
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FedEx Sues US for Refund on Trump's Emergency Tariffs
Global transportation company FedEx on Monday filed a lawsuit in the U.S. Court of International Trade seeking a refund for President Donald Trump's emergency tariffs, which the U.S. Supreme Court deemed illegal last week."Plaintiffs seek for themselves a full refund from...
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Reports: $1.7B Flowed to Iran Via Binance Crypto Exchange
An internal Binance investigation found Iran accessed more than 1,500 accounts over the past two years, with about $1.7 billion flowing to Iranian entities linked to terrorist groups, The New York Times and The Wall Street Journal reported.
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Trump Aims to Sell 1st-Year Successes in Crucial Address to Congress
President Donald Trump will try to sell voters on the record of his first year back in power during his State of the Union address Tuesday, despite weathering some significant blows ahead of November's crucial midterm elections.
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Paramount Boosts Offer for Warner in Bid to Block Netflix
Paramount Skydance submitted a higher offer for Warner Bros Discovery, a source familiar with the matter told Reuters on Monday, ratcheting up efforts to derail the HBO Max owner's deal with Netflix.
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Trump Eyes New Security Tariffs After Supreme Court Ruling
President Donald Trump's administration is considering new national security tariffs on a half-dozen industries after a Supreme Court decision last week that invalidated many of his second-term levies, it was reported Monday. The new tariffs, to be issued ...
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Supreme Court to Hear Climate Lawsuit vs. Oil Giants
The Supreme Court will hear arguments in a high-stakes climate lawsuit brought by the city of Boulder, Colorado, against Exxon Mobil and Suncor Energy as local officials seek billions of dollars in damages from major oil producers.
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Trump: Any Nation That 'Plays Games' on Existing Tariff Deals Faces Steeper Penalties
President Donald Trump on Monday warned that nations that "play games" with tariff agreements reached with the U.S. will face steeper penalties even after the Supreme Court struck down many of his sweeping import taxes.
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Dow Plunges 820 Points on AI, Tariff Unease
Wall Street stocks tumbled Monday, as ongoing fears of artificial intelligence-related disruption and the fallout from Friday's U.S. Supreme Court ruling sent investors fleeing from high-risk equities.
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Tech Elites Position Themselves as Unelected Leaders
If the United States falls behind in emerging technologies, it will not be because Americans lacked the talent to lead. It will be because we allowed unelected elites to decide its limits.
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Gold Hits 3-Week High of $5,206 on Tariff Uncertainty
Gold rose more than 2% to a three-week high Monday, fueled by a fresh wave of safe-haven demand on uncertainty over U.S. President Donald Trump's tariff plans after he vowed to raise duties following the Supreme Court's ruling against his earlier levies.
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Netflix CEO Dismisses Trump Call to Fire Susan Rice
Netflix co-CEO Ted Sarandos shrugged off President Donald Trump's demand that the streaming giant remove former Obama administration official Susan Rice from its board, telling the BBC's "Today" program on Monday that...
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DOJ Probes Netflix for Monopoly Concerns
The Justice Department has opened a sweeping Section 2 probe into Netflix Inc. as part of its review of the company's proposed $72 billion takeover of Warner Bros. Discovery Inc., dramatically expanding the scope of scrutiny even if the blockbuster merger ultimately collapses.
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Car Prices Aren't High by Accident - They're the Cost of Government Control
Americans are paying more for new vehicles not because of greedy dealers or temporary market disruptions, but because the modern automobile has become a government-regulated platform.
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The Dollar Has a Cold, Not Long COVID
In recent weeks, the dollar has fallen against most other currencies, but President Trump appears little disturbed.
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California Tangled in Billionaire Tax & Social Industry
The mid-19th century Gold Rush earned California the nickname "Golden State." Over generations, the region became a place of aspiration-a projection screen for ambition and prosperity.
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Trump: High Court 'Accidentally' Boosted Presidential Powers
President Donald Trump lashed out at the Supreme Court on Monday morning after its 6-3 ruling last week struck down his sweeping trade tariffs, finding he lacked authority under the International Emergency Economic Powers Act (IEEPA) to impose them.
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Dow Falls 680 Points as Tariff Confusion Grows
U.S. stocks are falling Monday after President Donald Trump took little time to ramp up his newest tariffs, but Wall Street is remaining much more calm than it did during last year's tariff- and panic-driven swings.