The U.S. Supreme Court is expected to issue rulings on Friday as it weighs cases with major implications both nationally and around the world including the legality of President Donald Trump's sweeping global tariffs. The court indicated on its website on Tuesday that it ...
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Morici to Newsmax: Venezuelan Oil Unlikely to Quickly Shift Economy
The sharp rise in oil and energy stocks following developments in Venezuela is largely speculative and unlikely to have an immediate or dramatic effect on the broader U.S. economy, economist Peter Morici told Newsmax on Tuesday.
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Fed's Barkin: US Faces Risks to Both Jobs & Inflation
Further U.S. Federal Reserve interest rate changes will need to be "finely tuned" to incoming data given risks to both the Fed's unemployment and inflation goals, Richmond Fed president Tom Barkin said Tuesday.
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US Multinational Firms Exempt From Global Tax Deal
U.S. multinational corporations will be exempted from paying more corporate taxes overseas in a deal finalized by the Organization for Economic Cooperation and Development.
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Factory Sector Contracts for 10th Straight Month
U.S. manufacturing activity slumped to a 14-month low in December, with new orders contracting further and input costs grinding higher as the sector continued to bear the imprint of President Donald Trump's import tariffs.
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San Francisco Fed: Tariffs May Lower Inflation
The sharp increase in tariffs imposed last year by the Trump administration may reduce inflation rather than increase it, according to research published Monday by the San Francisco Federal Reserve Bank.
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