Fed Governor Lisa Cook said she is prepared to support higher interest rates if inflation fails to keep slowing.
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China has imposed sanctions on six U.S. entities and tightened export controls on drones to the U.S. in retaliation for recent American trade restrictions.
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Sen. Tillis says the White House is now engaging on the bipartisan ethics text he and Sen. Gallego sent last week, per Punchbowl's Brendan Pedersen.
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Russia's President Putin has signed Russia's first comprehensive law regulating crypto exchanges, digital depositories, and digital asset custody, per TASS.
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President Trump says oil prices are going down but “we may have to send it up again.”
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President Trump has been calling Fed Chair Kevin Warsh repeatedly for counsel on issues like the Iran war and AI's economic impact, WSJ reports.
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41% of Americans earning between $300,000 and $500,000 a year say they’re living paycheck to paycheck, according to Goldman Sachs.
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The bipartisan ethics proposal tied to the Clarity Act could let Trump defer capital gains taxes by forcing him to divest his crypto holdings, Bloomberg reports.
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Senate Majority Leader John Thune has confirmed the Clarity Act vote is being pushed back to September, according to Politico.
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