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Drug Innovation At Risk By Trump Budget, Says Congressional Budget Office
2025 Jul 22, 12:21pm | 463According to a new U.S. Congressional Budget Office analysis, President Donald Trump’s 2026 budget plan proposes cuts to the National Institutes of Health that could significantly reduce the number of new drugs entering the market. The agency projected that slashing NIH funding by billions...
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El-Erian Says Powell Should Resign—To Save The Fed Itself
2025 Jul 22, 11:31am | 825Escalating political attacks on the Federal Reserve have prompted economist Mohamed El-Erian to say Fed Chair Jerome Powell should resign—not for missteps, but to actually protect the central bank's independence. "If Chair Powell's objective is to safeguard the Fed's operational autonomy (which I...
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Charlie Kirk Slams Buy Now Pay Later As 'Predatory' — Podcaster Warns Gen Z Is 'Financing Their Coachella Tickets' Without Guardrails
2025 Jul 22, 2:26am | 797Conservative political activist Charlie Kirk issued a sharp warning on the growing use of Buy Now Pay Later services among young Americans, calling the debt model “predatory” and structurally unhealthy. Check out the current price of AFRM stock here. What Happened: Speaking on...
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Ex-Trump Advisor Judy Shelton Slams Federal Reserve's $900 Billion Losses, Says 'Violates The Norms' To Have A Fed Chair Who Can't Be Fired
2025 Jul 21, 10:15pm | 551Economist Judy Shelton, a former advisor to President Donald Trump during his first term and senior fellow at the Independent Institute, delivered a sweeping critique of the Federal Reserve on Monday. What Happened: Aligning herself with the former Fed Governor Kevin Warsh's call for “...
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Wall Street Extends Records, Gold Rallies To $3,400: What's Moving Markets Monday?
2025 Jul 21, 12:44pm | 1006Wall Street opened the week on a risk-on footing, with the S&P 500 and the Nasdaq 100 extending record highs as strong earnings reinforced confidence in corporate America and investors continued to shrug off trade tensions. By midday trading in New York, the S&P 500 had climbed 0.6% to...
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Trump Wants Bitcoin And Gold In Your 401(k)—And The Math Backs Him Up
2025 Jul 21, 12:39pm | 864A decade ago, the idea of putting Bitcoin or commodities like gold in a retirement plan would've sounded insane. Today, President Donald Trump has the opportunity to radically reshape the way Americans save for retirement. According to a Financial Times report, Trump is expected to sign an...
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Earnings Season Looms Over Inflation Data, Tariff Impact
2025 Jul 21, 9:25am | 1025Last week’s news brought more inflation as year-over-year prices accelerated in Canada, the US, and the UK. In the US, core inflation (excluding volatile food and energy prices) increased by 0.2% on a monthly basis and at an annual rate of 2.9%, in line with estimates. The report was a mixed...
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Party's Over: China Tells Alibaba, Meituan, JD To Stop Bleeding
2025 Jul 21, 5:47am | 666On Friday, China’s State Administration for Market Regulation (SAMR) called upon three of the country’s leading food delivery platforms: Alibaba Group’s (NYSE:BABA) Ele.me, Meituan (OTC:MPNGY), and JD.com (NASDAQ:JD). The regulator urged these companies to adopt more “...
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Wall Street Sets New Records As Magnificent Seven Valuation Tops $18.5 Trillion: This Week In Markets
2025 Jul 18, 4:03pm | 635Wall Street extended its historic rally this week, with major benchmarks such as the S&P 500 and the tech-heavy Nasdaq 100 hitting fresh all-time highs, as strong corporate earnings, robust economic data and AI-fueled tech momentum continued to boost investor optimism. Big banks beat earnings...
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Trump Just Got A $756 Billion Message From China — And It's Not Friendly
2025 Jul 18, 2:23pm | 841Despite a Washington-Beijing trade truce at May’s Geneva summit, China just dropped its U.S. Treasury holdings to the lowest level in over 16 years ― and the timing couldn't be more telling. In May, Beijing trimmed its stockpile of American debt to $756.3 billion, shaving off nearly $1...
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Is Washington Handing China A Win With Nvidia Sales?
2025 Jul 18, 1:39pm | 689Nvidia (NASDAQ:NVDA) stock is taking a hit Friday as a U.S. government decision to permit the chip giant to resume sales of its H20 AI chips to China faces strong opposition from House Select Committee on China Chairman John Moolenaar. This move, seen by some as a boost to China’s AI...
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Stocks Slip As Netflix Fails To Impress, Bitcoin Eyes Negative Week: What's Moving Markets Friday?
2025 Jul 18, 1:18pm | 1032It’s a cautious end to the week on Wall Street, as earnings from Netflix Inc. (NASDAQ:NFLX) failed to impress investors. Meanwhile, continued trade tensions kept investors on the sidelines, preventing further gains in tech-heavy indexes already sitting near record levels. The S&P 500...
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Trump's Fed Pick? He's Cutting First, And Cutting Powell Out
2025 Jul 18, 9:29am | 669Federal Reserve Governor Christopher Waller made his most assertive case yet for a July rate cut—and signaled he's ready to take Jerome Powell's seat if President Donald Trump asks. Speaking Friday on Bloomberg TV, Fed’s Waller joined fellow policymaker Michelle Bowman in backing a July rate...
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Northern Dynasty Plunges As EPA Talks And Insider Selling Rattle Investor Confidence
2025 Jul 18, 7:10am | 558Northern Dynasty Minerals (NYSE:NAK) closed sharply lower on Thursday, losing 31% after insider trading disclosures revealed share sales by key executives. The selloff erased gains following the July 4 announcement that the company is in talks to potentially resolve a legal standoff with the...
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Nasdaq 100 Sets New Records, Small Caps Outperform: What's Moving Markets Thursday?
2025 Jul 17, 12:54pm | 989U.S. equities climbed on Thursday, with the S&P 500 briefly testing a record high 6,300 level at midday in New York, bolstered by strong earnings and upbeat retail sales data that reinforced investor risk appetite. The Nasdaq 100 rose 0.9% to a fresh record above 23,000, while the Dow Jones...