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Economic News

Trump to Scale Back Tariffs on Steel, Aluminum Goods

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13 February 2026
President Donald Trump plans to scale back some tariffs on steel and aluminum goods, the Financial Times reported on Friday, citing people familiar with the matter. Officials in the Commerce Department and U.S. trade representative's office believe the tariffs are hurting...
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Navarro to Newsmax: EPA Climate Rollback 'Big Deal'

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13 February 2026
Peter Navarro told Newsmax that the Environmental Protection Agency's decision to rescind the scientific endangerment finding that linked greenhouse gas emissions to public health and welfare is a "big deal" and central to dismantling federal climate regulations.
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The January CPI inflation report is due out Friday morning. Here's what it's expected to show

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12 February 2026
Investors got some good news this week on the state of the labor market, and more may be on the way Friday on inflation.
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Trump Pauses China Tech Bans Ahead of Xi Summit

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12 February 2026
The Trump administration has shelved a number of key tech security measures aimed at Beijing ahead of an April meeting between the two countries' presidents.
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Venezuela Expands Oil Blocks for Chevron, Repsol

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12 February 2026
Venezuela is preparing to grant additional oil exploration and production blocks to Chevron Corp. and Spain's Repsol SA this week, Bloomberg reports.
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Home Sales Plunge 8.4% as Realtors Warn of 'Housing Crisis'

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12 February 2026
America's housing market just delivered another gut punch. Sales of previously owned homes plunged 8.4% in January — a far steeper drop than economists expected — even as mortgage rates eased and affordability showed signs of modest improvement.
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  1. Medical Care Is Powering the US Labor Market
  2. Unemployment Claims Fall, Signaling Steady Job Market
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