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Supreme court hands Trump administration big win with rulings on key immigration cases - live The GuardianTakeaways: Supreme Court hands Trump massive wins on immigration agenda CNNHundreds of thousands of Haitians in South Florida could be at risk of deportation due to SCOTUS ruling on TPS CBS NewsOpinion | The Supreme Court's TPS Decision Is a Slap in the Face to Lawful Immigrants The New York Times
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In a live CNBC interview from his home district, Goolsbee declined to speculate on where he thinks interest rates are headed.
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USMNT World Cup Lineup vs. Türkiye: Pulisic Still TBD; Balogun Won't Start FOX SportsStarting XI & Lineup Notes: USMNT vs. Türkiye US SoccerPochettino won't 'risk' United States players on yellows ESPNEverything you need to know as the World Cup - including Team USA - sprints toward the knockout rounds CNN
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May US PCE inflation tops 4%, leaves Fed hike on the table ReutersFed's preferred inflation measure hits 3-year high, keeping talk of possible rate hike in play Yahoo FinanceCore inflation rate hit 3.4% in May, highest since October 2023, Fed's preferred gauge shows CNBCInflation Accelerated in May as Iran War Pushed Up Prices The New York Times
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The Federal Reserve left its benchmark interest rates unchanged Wednesday, and signaled its next move could be a rate increase. It's the first rate decision under the new Fed chairman, Kevin Warsh.
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Stocks continued their push higher Friday, with today's gains helping the major market indexes snap a three-week losing streak.
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There was nothing particularly new today to boost investor sentiment. Both the economic and earnings calendars were thin. And early afternoon speeches from Kansas City Fed President Esther George and Fed Governor Christopher Waller echoed the hawkish tone struck by central bank officials in recent weeks. It could just be that Wall Street has come to terms with the fact that the Fed will almost certainly issue a third-straight 75 basis point rate increase at its policy meeting later this month. Or perhaps investors are simply taking advantage of bargains from the late-August selloff.
Whatever the reason, today's rally was broad-based, with all 11 sectors finishing higher. Leading the pack was communication services, which jumped 2.8% on strong gains for components Meta Platforms (META, 4.4%) and Netflix (NFLX, 2.7%). Energy ( 2.5%) also outperformed as U.S. crude futures bounced 3.9% to $86.79 per barrel.
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As for the major indexes, the Nasdaq Composite's 2.1% rally to 12,112 outpaced its peers. Still, the S&P 500 Index ( 1.5% to 4,067) and the
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