For months, Wall Street has been betting on interest rate cuts. Traders talked themselves into the idea that the Federal Reserve would be cutting rates several times this year, finally giving the economy a much-needed boost. Instead, reality is setting in: inflation is...
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Trump Admin Eases Anti-Smog Fuel Rules as Prices Surge
President Donald Trump's administration announced on Wednesday it will temporarily suspend federal anti-smog regulations on seasonal gasoline blends to combat higher pump prices since the start of the war on Iran.
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Navarro: Trump Still Plans 15 Percent Tariffs
President Donald Trump still intends to raise his current set of global tariffs to 15%, White House trade adviser Peter Navarro said Wednesday.
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Oil CEO to Vance: Hormuz Access Key to Markets
Abu Dhabi oil giant ADNOC's CEO Sultan Al Jaber warned Vice President JD Vance that restoring free passage through the Strait of Hormuz is the only lasting way to stabilize global energy markets, as conflict with Iran chokes off a critical oil corridor.
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Recession odds climb on Wall Street as economy shows cracks beneath the surface
Economists have pulled up their risk assessments of a contraction amid heightened uncertainty over geopolitical risk and a labor market slump.
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Hope for Iran Off-Ramp Sends Oil Prices Sharply Lower
Wall Street pointed toward solid gains and oil prices fell 6% Wednesday over the possibility of a de-escalation in Iran and negotiations with the United States.
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