Economy
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Rasner Media parts with Amazon, Bezos in bid to purchase TikTok: 'You're fired'
The separation comes after reports earlier in the day indicated that Amazon intended to show website shoppers the additional costs of Trump's tariffs on merchandise. The online retailer has denied the reports.
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U.S. consumer confidence plummets to COVID-era level, amid the trade war
The recent news followed Trump's imposition of a 10% tariff on nearly all imports. He later announced a 90-day pause on tariffs on dozens of countries, but also increased the tariff on China to 125%.
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UPS to cut 20,000 jobs, close 73 buildings amid less Amazon deliveries
"These actions will enable us to expand our U.S. Domestic operating margin and increase profitability," said UPS Chief Financial Officer Brian Dykes.
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Port worker strike looms as pay negotiations stall
The strike, which would impact the U.S. import and export of goods from retail products to cars, could cost the U.S. economy as much as $5 billion each day.
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'New American industrialism': Trump vows return of manufacturing in key policy speech
"It all goes away if you don't make your product here and hire American workers for the job," he warned.
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Poll shows Harris gaining ground with voters on the economy in warning sign for Trump
“We need all economic voters voting for Trump,” former Trump economic advisor Steve Moore told Just the News. “He has to keep stressing that people are poorer… the average family is doing worse than they were four years ago.”
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Federal Reserve cuts interest rates by half-point, stocks surge
The Fed has a meeting on Nov. 7, just two days before the 2024 presidential election, where another rate cut will be considered.
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Tupperware Brands Corporation files for bankruptcy, will keep operating during proceedings
The company is seeking court approval to "facilitate a sale process for the business in order to protect its iconic brand and further advance Tupperware's transformation into a digital-first, technology-led company."
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Billionaire plans to pull investments from stock market over Harris's economic policies if she wins
"I think if Harris was elected, I would pull my money from the market. I'd go into cash, and I'd go into gold because I think the uncertainty regarding the plans they outlined would create a lot of uncertainty in the markets and likely lower markets," Billionaire hedge fund manager John Paulson said.
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Amazon CEO requires return to office for 5 days per week starting next year, employees criticize
‘I’d rather go back to school than work in an office again,' said one employee, according to a Forbes report
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Little space for Harris to flip script on economy despite talk of Fed rate cuts, experts say
The decline in inflation and the apparent leveling of the unemployment rate present Harris will provide valuable talking points to defend the Biden-Harris administration’s stewardship of the economy. It may be too little, too late.
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Consumer prices increased 0.2% from July to August, annual inflation 2.5%,federal government
August's number were in line with Wall Street expectations
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U.S. toolmaker under fire for DEI hiring and LGBTQ lobbying, faces boycott
"Companies need to focus on serving their customers, not woke politicians," said Will Hild, director of Consumers' Research.