Elon Musk’s controversial role in the U.S. government is nearing its end as the legal limit on his service approaches. Musk, who serves as a special government employee, […]
Economy
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Global Billionaires Hold More Wealth Than Most Countries, Despite Stock Market Declines
The collective wealth of the world’s billionaires now surpasses the GDP of every country except the United States and China. Despite significant stock market declines, which have impacted […]
Economy / Markets
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U.S. Stocks Drop After Hours as Trump Imposes Sweeping Tariffs
U.S. stocks declined in after-hours trading following President Donald Trump’s announcement of sweeping tariffs ranging from 10% to higher rates for certain countries. This development heightened concerns about […]
Economy
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Canadians’ Demand for U.S. Travel is Declining
Recent trends indicate that Canadians’ enthusiasm for traveling to the U.S. is significantly decreasing. This shift could be attributed to various factors, including economic conditions, travel restrictions, or […]
Economy
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Sixteen Houston Billionaires Featured in Forbes’ List of Wealthiest People
Forbes has released its annual list of the world’s wealthiest individuals, featuring 16 Houston-based billionaires. Among them is Kathy Britton of Perry Homes, ranked at 1,408 with an […]
Economy
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American Consumers Already Feeling the Economic Strain Amid Tariff Concerns
Companies have warned about rising prices, and markets have shown significant declines. President Donald Trump’s tariff plans, although not fully implemented yet, are already causing economic strain for […]
Economy
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Goldman Sachs Revises Fed Rate Cut Stance, Sees Higher Recession Risks
Goldman Sachs has revised its forecast for the U.S. Federal Reserve, predicting three quarter-point interest rate cuts this year due to heightened recession risks amid tariff uncertainties. The […]
Economy
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Barclays switches preference to global fixed income over equities on tariff risks
Barclays has shifted its investment preference to global fixed income over equities due to risks posed by escalating U.S. tariff policies. The bank warns that global economic growth […]
Economy
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British Steel closure threat puts up to 2,700 jobs at risk
British Steel is considering closing its two blast furnaces in Scunthorpe, which would put up to 2,700 jobs at risk. The company claims the furnaces are no longer […]
Economy
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Trump Announces 25 Percent Tariffs on Imported Cars and Parts
President Trump has announced a 25% tariff on all imported cars and car parts. This decision is expected to significantly impact the automotive industry and international trade relations. […]