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Trump administration announces ‘economic D-day' sanctions on Iran Al JazeeraBessent unveils sweeping campaign of sanctions and pressure against Iran The Washington PostDollar Gains as US Plan to Cut Off Iran Spurs Haven Demand Bloomberg.comUS threatens countries doing business with Iran, but holds off on penalties for now Reuters
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That's good for gold, stocks and long bonds. Eventually.
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What matters more for oil prices is how hard U.S. sanctions hit China, Iran's biggest oil buyer, and whether Beijing pushes back.
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President Trump vowed to increase tariffs on cars, trucks, auto parts and steel to 50 percent starting Jan. 1, as the countries edged toward a full-blown trade war.
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Bessent's move "does not change anything. It just reduces the cash that Treasury has on deposit," one analyst says.
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The Trump administration calls this "economic D-Day" on Iran. Iran vows to respond to fresh sanctions in a "seismic manner."
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California Cancels Talks With Paramount Over Warner Bros. Merger The New York TimesParamount Says It Did Not Leak Discussions With California's Attorney General to the Press VarietyCalifornia AG Rob Bonta cancels Paramount settlement meeting, citing 'lack of good faith' CNBCReaders respond: Lawsuit costs could land on taxpayers OregonLive.com
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Live: Trump wants to 'destroy' Canada's auto industry, Carney says of latest tariff threat BBCTrump tells Canada to ‘fall in line' as Carney rejects subordination AP NewsTrump Threatens New 50% Tariffs on Cars, Trucks and Steel as U.S.-Canada Trade War Unfolds The New York TimesInside the 72 hours that cratered the US-Canada trade deal PoliticoThe world leader saying no to President Trump NPR
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As the company continues to battle California over its proposed merger with Warner Bros., the CEO is reportedly looking to other states.
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Developers are giving this new free AI coding model the thumbs up. But cybersecurity experts caution founders against jumping all in without the proper security cautions in place.
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A product launch became a brand crisis within hours. The bigger mistake may have been ignoring the customers driving golf's growth.
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Kirby says effective executives empower teams closest to the problem—instead of controlling every decision.
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The treasury secretary said Trump is contacting other world leaders to demand support for the "economic asphyxiation" of the Iranian regime but gave no deadline for action.
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Once high-flying fast-fashion retailer is listing in Hong Kong at quarter of peak value after years of false starts
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The Treasury Department said it could begin to buy back more of its debt, and bond market investors are assessing the potential effects on borrowing costs.
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The company faces a high bar heading into its upcoming report, but analysts think it can still exceed expectations.
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Australia has just 12,000 sea lions left - and ‘carnage' may await them as bird flu takes hold, scientists warn The GuardianAustralia confirms H5N1 bird flu case in local mammal DWBackyard bird feeding could be a bird flu ‘superspreader'. An expert explains The ConversationBird flu suspected as 1,000 birds found dead in three mass mortality events ABC News & Headli
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Washington Post Ordered to Rehire Fired Columnist Karen Attiah The New York TimesWashington Post ordered to reinstate Karen Attiah, opinion writer who was fired after posts about Charlie Kirk killing CBS NewsWashington Post ordered to reinstate opinion writer fired over Charlie Kirk posts The GuardianKaren Attiah Secures Landmark First Amendment Victory in Wrongful Termination Case Against The Washington Post Democracy Defenders Fund
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Retirement contributions are growing faster for Gen Z than any other generation.
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"I also own my home and an SUV outright, with no outstanding debt."
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United Airlines CEO Scott Kirby talked to CNBC in a wide-ranging interview about his proposed airline megadeals, AI and the future of the carrier.
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Ken Pomeroy, college basketball statistician and founder of KenPom, joins Wharton Moneyball to break down tempo-free efficiency ratings, the four factors (shooting, turnovers, rebounding, and free throws), and how he evaluates prediction accuracy and calibration across a full season. Plus, Eric, Shane, and Adi discuss what caught their eye in sports — from World Baseball Classic odds and preseason workload questions to tennis dominance and what makes today's stars so statistically extraordinary. Hosted on Acast. See acast.com/privacy for more information.
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Topic: Going GreenGovernancePoliticsBill Gates recently posted his new thinking on Climate Change declaring we've been thinking about it the wrong way. His article is sending shockwaves, some agreeing, some feeling he has betrayed the cause, and some like Trump declaring this is proof that climate change was a hoax. I definitely agree with Gates here (and not Trump, obviously) but his revelation speaks to something even bigger than climate change, and hints at what may be the greatest mistake in global political discussion about a wide range of topics, not just climate. We've been doing it wrong, and are paying a terrible price.
Gates' thesis is that the general climate community has been overstating the case for climate change. It's a major, serious problem, which he has personally done far more to address than almost anybody, but it's not the civilization-ending emergency crisis it is often painted as. This has stopped us from allocating our resources wisely to fight the true big problems like poverty and disease, which will do far more harm to people than even the worst that global warming threatens. The way to combat climate change not simply to stop emissions (which is good) but to give people the economic prosperity and tools to contend with the hardships to come, and many others.
Read Gates' own essay to get the full scop
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