Economic News
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Don't count on rate cuts just yet: Warsh as Fed chair may not lead to big policy changes
President Donald Trump has made it clear he expects his choice for Federal Reserve chair to quickly cut interest rates once he takes office
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Businesses dole out up to $4 million to cross Panama Canal during Strait of Hormuz chokehold
Businesses have doled out up to $4 million to send ships through the Panama Canal while trying to avoid the Iran war's risks and effective closure of the Strait of Hormuz
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US imposes sanctions on a China-based oil refinery and 40 shippers over Iranian oil
The Trump administration is sanctioning a major China-based oil refinery and about 40 shipping companies
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'Two ways of calculating': Trump defends his mathematically impossible calculations on drug prices
President Donald Trump, known for popularizing the term "fake news," seems to have shifted focus to a healthy dose of fake math in defending impossibly large cuts to prescription drug prices
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Meta slashes 8,000 jobs, or 10% of its workforce, as Microsoft offers buyouts
In the latest round of tech industry job cuts, Meta is laying off about 8,000 workers and Microsoft is offering buyouts to a similar number
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Trump unveils deal with Regeneron to lower drug prices as part of most-favored-nation initiative
President Donald Trump has announced a deal with Regeneron to lower the cost of its pharmaceutical products
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Average US long-term mortgage rate slips to 6.23%, its third weekly drop
The average long-term U.S. mortgage rate dropped for the third week in a row, easing borrowing costs for prospective homebuyers as the spring homebuying season rolls on
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US jobless claim filings rise modestly to 214,000 last week, remain at historically healthy levels
The number of Americans filing for unemployment benefits inched up last week but remains within the historically healthy range of recent years
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Trump likes a naval blockade. But Iran presents big differences from Venezuela and Cuba
President Donald Trump has turned to naval blockades to pressure the governments of Venezuela, Cuba and now Iran to meet his demands
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Brazil's VP Alckmin, a negotiator of the Mercosur-EU deal, sees it as relief in a turbulent world
Brazil’s Vice President Geraldo Alckmin says the trade deal between South American bloc Mercosur and the European Union offers some solace at a time when unilateral moves have dominated the geopolitical landscape
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