Money

Fed holds interest rates steady as markets hit milestones, while Trump and Rubio issue warnings on Iran

The Federal Reserve maintained its key interest rate at current levels, citing an improved economic outlook, according to CNBC. The decision coincided with the S&P 500 approaching the 7,000-point milestone, reflecting investor confidence amid anticipation of upcoming corporate earnings reports. Trea...

Center: 24
Sources: marketwatch, ft, cnbc, bloomberg
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Fed leadership prospects and economic policy under Trump face scrutiny amid AI optimism, market risks, and congressional gridlock

All sources agree that Kevin Warsh, a potential nominee for Federal Reserve chair under a second Trump administration, has sparked debate over monetary policy direction, particularly regarding the impact of artificial intelligence on productivity and interest rate decisions. The Financial Times repo...

Center: 17
Sources: cnbc, marketwatch, ft, bloomberg
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Stock Market Rebounds as Bitcoin Recovers From Sharp Plunge, Reigniting Volatility and Speculation

The Dow Jones Industrial Average surged more than 1,200 points on Friday, contributing to a broad market rebound, while Bitcoin recovered nearly all of its losses from a dramatic Thursday plunge that had seen the cryptocurrency fall over 50% from its October peak. Friday’s rally in Bitcoin marked it...

Center: 12
Sources: marketwatch, cnbc, ft, bloomberg
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Investors scrutinize AI spending by Meta and Microsoft as earnings reveal mixed signals on return on investment

Meta and Microsoft both reported strong financial results amid heavy investments in artificial intelligence, but Wall Street’s reaction diverged based on perceptions of return on investment. Meta’s stock rose after beating earnings expectations, with investors signaling approval of its continued AI ...

Center: 11
Sources: cnbc, ft, bloomberg, marketwatch
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Epstein financial records reveal payments to UK politician; DOJ releases names of prominent figures, while Waymo secures $16B funding

Newly released Justice Department documents confirm that disgraced financier Jeffrey Epstein made at least three payments totaling $75,000 to former UK Labour Party power broker Peter Mandelson, according to the Financial Times. The same trove of files also includes references to other high-profile ...

Center: 7
Sources: ft, bloomberg, cnbc
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U.S. policy toward Iran and Venezuela stirs market caution amid geopolitical risks and oil production concerns

All sources agree that U.S. policy under President Donald Trump is influencing global oil markets, with heightened tensions involving Iran and renewed interest in Venezuela’s oil sector. Iran, a major OPEC producer pumping over 3 million barrels per day, faces renewed sanctions and speculation about...

Center: 4
Sources: cnbc, marketwatch, bloomberg
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FDA moves to restrict compounded weight-loss drugs; Hims & Hers halts copycat product after legal pressure

Hims & Hers has ceased offering a compounded weight-loss pill that mimicked Novo Nordisk’s FDA-approved drug Wegovy, following threats of legal action and new regulatory signals from the U.S. Food and Drug Administration (FDA). The FDA announced plans to restrict the use of GLP-1 ingredients—such as...

Center: 4
Sources: cnbc, marketwatch, ft
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Starbucks reports strong sales growth and rising customer traffic, signaling potential turnaround

Starbucks reported stronger-than-expected sales growth for the second consecutive quarter, driven by an increase in customer traffic—the first such rise in two years—along with a positive outlook for the remainder of the year. The company’s shares rose following the results, reflecting investor conf...

Center: 3
Sources: cnbc, bloomberg, marketwatch
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Newly released documents reveal financial ties and social contacts between Jeffrey Epstein and prominent figures, including political and business leaders

Newly disclosed court documents show that disgraced financier Jeffrey Epstein made multiple payments totaling $75,000 to former UK Labour Party figure Peter Mandelson, and that several high-profile individuals—including U.S. Commerce Secretary Howard Lutnick, former President Donald Trump, and real ...

Center: 5
Sources: cnbc, ft
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