Economy
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Stock indices surge, oil prices drop after temporary Hormuz opening
Market conditions had already begun to improve on Thursday as President Donald Trump expressed optimism that the war in Iran was nearing its end.
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Tariff refunds begin as administration signals possible rate reinstatement by July
Many tariffs imposed under the International Emergency Economic Powers Act have been invalidated, triggering a large-scale refund process for importers.
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Stock markets close at record highs as optimism grows that Iran conflict may soon end
The S&P 500 closed with a gain of 0.80%, ending at 7,022.95, and the Nasdaq Composite gained 1.59% to close with 24,016.02. The Dow Jones Industrial Average lost 72.27 points, or 0.15%, to close at 48,463.72.
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US Steel: Thousands of union jobs could be lost if merger with Japan company Harris opposes fails
Vice President Kamala Harris said she prefers US Steel remain “American-owned and operated.”
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Pushback on VP Kamala Harris’s tax proposal plan grows as costs are counted
"It would destroy our economy almost instantaneously," Rep. Harriet Hageman said. Critics say Harris’ $5 trillion in tax increase is the biggest in American history and if passed, would fundamentally reshape the American economy.
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Watch Live: J.D. Vance delivers speech about the economy in Michigan
His speech is expected to start at 1:30 p.. EST.
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Fed Chair Powell indicates bank ready to start cutting its key interest rate
The Fed is expected to announce a modest quarter-point cut in its benchmark rate when it meets in mid-September
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As she courts women and minorities, Harris faces harsh reality they fared well in Trump economy
Trump and Harris put out their competing economic agendas in recent weeks with Trump particularly focusing on his past record in office. Harris is stuck defending "Bidenomics," which saw inflation wipe out any gains it may have made.
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US revises jobs report, says created 818K fewer jobs than estimated from spring 2023 to spring 2024
The announcement of a 'cool off' came less than a day before Harris will accept the nomination and amid criticism of the Biden-Harris admin's economic record
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Hopes of interest rates cuts creates gold rush, driving up prices of precious metal, analysts say
The record-high spot prices for gold mean that a standard gold bar, which weighs 27.34 pounds, is now worth more than $1 million.
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Fed Chair Powell's Wyoming speech Friday expected to offer clues about potential interest rate cuts
The Fed has set a target inflation rate of 2% at the point in which it would consider rate cuts to begin. This month, it dropped to 2.9% for the first time since 2021.
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With prices at top of Americans' minds, Trump and Harris vie for the initiative on the economy
Both candidates largely addressed the same issues, namely the costs of daily commodities, housing, and health care.
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'Make America affordable again': Trump vows economic recovery in key policy speech
"Does anyone here feel richer under Kamala Harris and Crooked Joe than you were during the Trump administration is anything less expensive under Kamala Harris and Crooked Joe?" he asked.