UK economy shrinks for second month, contracting 0.1% in October
It marked the country's second consecutive economic downturn, following a 0.1% GDP decline in September.
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China Plans to Keep Dominating Critical Minerals Despite Trump Tariffs
When President Trump re-enters the White House, his proposed tariffs on Chinese goods could trigger a trade war that China has been preparing for since his first term ended.
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China Pledges More Debt, Rate Cuts to Counter Tariffs
China pledged Thursday to increase the budget deficit, issue more debt and loosen monetary policy to maintain a stable economic growth rate as it girds for more trade tensions with the U.S. as Donald Trump returns to the White House.
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Unemployment Claims Unexpectedly Rise
The number of Americans filing new applications for jobless benefits unexpectedly rose last week and more people continued to collect unemployment checks at the end of November relative to the beginning of the year as demand for labor cools.
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NYC Mayor Adams to Talk Deportations With Border Czar
New York City Mayor Eric Adams is meeting with incoming border czar Tom Homan on Thursday at City Hall, where the former is expected to direct the talks toward weeding out the criminal element from the tens of thousands of illegal migrants that remain in the city, the New York Post reported.
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Capitalism to Roar Back Under Trump
Donald Trump's re-embrace of full-throttle capitalism is reigniting financial confidence across America, and the effects are already reverberating through markets.
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