With the debt ceiling approaching, the Federal Reserve has announced plans to tweak its portfolio runoff strategy. The Fed will slow down the balance sheet runoff process to […]
Technology
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Tesla Owners Petition Elon Musk for Vandalism Warning Feature
Tesla owners are urging Elon Musk to introduce a feature that would deter vandals, following incidents where Tesla cars have been set on fire. Owners are increasingly concerned […]
Banks
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Amtrak CEO Resigns Amid Funding Uncertainty
The CEO of Amtrak has resigned following weeks of discussions regarding the potential privatization of the rail service. This decision comes amid threats of a transit funding pullback […]
Economy
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Social Security in-person identity checks opposed by advocates and retirees alike
The Social Security Administration’s plan to require in-person identity checks for millions of new and existing recipients while closing government offices has sparked controversy. The new requirements will […]
Markets
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Stock futures remain steady as investors focus on Fed’s rate outlook
Stock futures experienced minimal changes on Wednesday night following a rally in major averages after the Federal Reserve maintained its outlook for two interest rate cuts in 2025. […]
Banks
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Fed’s Powell discusses housing services inflation and economic outlook
Federal Reserve Chairman Jerome Powell addressed various economic topics, including housing services inflation, recession probabilities, and the impact of tariffs. Powell stated that forecasters have slightly increased the […]
Banks
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Federal Reserve cuts US growth forecast amid tariff concerns
The US Federal Reserve has reduced its growth forecast for the American economy, citing concerns over President Donald Trump’s tariffs that are reportedly driving up prices. In its […]
Technology
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Microsoft Replaces Chief People Officer Amid Performance Review Overhaul
Microsoft has made a significant change in its leadership team as it rethinks its performance review process. Kathleen Hogan, the current chief people officer, will transition to a […]
Banks
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Federal Reserve Maintains Federal Funds Rate and Adjusts Securities Holdings Strategy
The Federal Reserve has announced that economic activity continues to expand at a solid pace according to recent indicators. The unemployment rate has remained stable at a low […]
Economy
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US political brinkmanship challenges Treasuries’ safe-haven reputation
NEW YORK, March 19 (Reuters) – Investors have been turning to U.S. Treasuries as a safe haven amid market turbulence driven by President Donald Trump’s trade policies. However, […]