Economy
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Watch live: Federal Reserve Chairman Jerome Powell on interest rate decision
The press conference is set to begin at 2:30 p.m. ET
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GDP, measure of US economic output, grew 3% in second quarter, beating expectations
The quarterly percentage increase was the biggest since the third quarter of 2024 – 3.1%.
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GM reports profits down $1.1 billion in past three month, attributes to Trump tariffs
GM is anticipating that the total impact of the tariffs in 2025 will be approximately $4 billion to $5 billion
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Last week's jobless claims decline to 900,000
The number was less than the Dow Jones estimate of 925,000.
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First-time jobless claims rise, amid restrictions on businesses to slow COVID spread
Last week's number was the highest since mid-August
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Disney weighs moving some California operations to Florida, as Newsom continues shutdowns
The company has spent one billion dollars on COVID-19 precautions and still cannot open in California.
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U.S. lost 140,000 jobs in December, Labor Department reports
The six-digit loss subverts the expectation of a modest gain
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Weekly unemployment number remains steady as additional $300 payments begin
The weekly unemployment figure has remained consistent throughout the fall and winter
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New York Stock Exchange halts plan to follow Trump's order, delist three China telecom stocks
The NYSE said only that decision was made after "further consultation" with federal regulators.
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NY Stock Exchange begins delisting securities of China telecom companies, following Trump's order
The NYSE is scheduled to suspend trading in the stocks as early as Thursday.
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Amazon, Walmart saw profits surge in 2020 as small businesses decimated by pandemic
Retail giants have filled the void left by shuttered shops, consumers scared to venture out.
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First-time jobless claims dropped last week by 19,000, feds
Last week's unemployment number was the lowest in four weeks
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Treasury and IRS begin sending stimulus payments to millions of Americans
"These payments may begin to arrive in some accounts by direct deposit as early as tonight and will continue into next week," Treasury Secretary Steven Mnuchin tweeted Tuesday afternoon.