Finance
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US economy added 165,000 jobs in October, unemployment rate dropped to 4.1%
The jobs and unemployment rate numbers exceeded economists expectations
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Shares in Google parent company Alphabet plunge by $500 billion in value amid AI fears
The drop comes after Google told investors that the quarterly results of Alphabet showed profits at the company fell by a notable 25% in the third quarter.
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General Motors is leaving NYSE after 115 years, switching to Nasdaq
The move is part of an effort to position the Detroit automakers as more of a technology-focused company.
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JPMorgan Chase CEO Jamie Dimon warns of 'inflationary' events despite 'booming' US economy
Dimon appeared optimistic about the American economy, highlighting that the unemployment rate in the country is "really low," and corporate profits are "way up." The unemployment rate was 4.2 percent last month.
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Major banks closed accounts based on political and religious views during Biden years: report
The investigation targeted the nine largest banks the OCC supervises: JPMorgan Chase Bank, Bank of America, Citibank, Wells Fargo Bank, U.S. Bank, Capital One, PNC Bank, TD Bank, and BMO Bank.
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State treasurers allege top credit rating agencies give higher rankings to Chinese companies
The state financial officers point out that China produces more emissions than any other country in the world, making the ratings "nonsensical by any objective standard."
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Treasury says it will auto-enroll millions of children into Trump accounts through new rules
The funds are intended to give children a hand up and will be made available to the account owner when they turn 18. It will then act as a traditional individual retirement account.
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Trump housing chief says new rules help Americans with mortgage costs
The company said that during the fourth quarter of 2026, the company will default to VantageScore 4.0 for mortgages that will be delivered to Fannie Mae, Freddie Mac, Veteran Affairs home loans and any other eligible mortgages.
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Bessent says US has extended trade agreement with China through January 10
The U.S. and China trade agreement, which was initially set to end in November, saw both sides roll back restrictions on critical minerals and high-tech exports that threatened to cripple global supply chains.
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Warren Buffett steps down as chairman of Berkshire Hathaway, his son will take over the position
Buffett was named chairman emeritus, effective immediately, and he will "continue to offer his valued judgment and perspective."
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Treasury Department imposes sanctions on all Iranian airlines
The sanctions are part of the United States' Operation Economic Outcast, which is a financial pressure campaign that the administration launched last month in an effort to curb the war with Iran.
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Pulte directs Fannie and Freddie to allow lenders to use VantageScore, citing FICO monopoly
Pulte, who temporarily served as the acting director of national intelligence, said Fannie Mae and Freddie Mac did an initial roll out of VantageScore as an alternative to FICO, which has seen incredible success.
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United States debt hits $40 trillion for first time in history
Treasury data showed that the national debt is now $40,,047,425,768,420.22, with $32.26 trillion being held by the public and $7.78 trillion held by intragovernmental holdings.