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Jalen Brunson scores 30 and Knicks finish on 11-0 run, steal Game 1 from Spurs with 105-95 win AP NewsBrunson keys late surge as Knicks steal Game 1 in San Antonio ESPNJalen Brunson takes over as Knicks surge past Spurs in Game 1 of NBA Finals The New York TimesWhere to Watch Knicks vs. Spurs in 2026 NBA Finals Live Online The Hollywood ReporterKristian Winfield: The Knicks
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The administration is laying the groundwork for chatbots that can diagnose illness and prescribe medicine, but physicians say AI can introduce more problems.
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Elon Musk's SpaceX eyes $1.77tn valuation ahead of historic IPO Al JazeeraSpaceX sets the stage for a record $75 billion IPO CNNSpaceX's IPO set to be biggest ever and could make Elon Musk a trillionaire Indianapolis Business JournalSpaceX reveals its share price and record valuation: 555.6 million shares at $135 apiece, at a $1.77 trillion valuation Fortune
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Live Updates: Israel, Lebanon agree to renew ceasefire as Iran launches deadly attack on Kuwait airport CBS NewsUS ally Kuwait condemns 'brutal and ongoing Iranian attacks' after airport was hit Fox NewsIran War Live Updates: Kuwait Says One Killed and Dozens Injured in Iranian Attack on Airport The New York TimesIranian attack on Kuwait airport kills one and injures dozens - as it happened Reuters
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Israel and Lebanon agree to renew ceasefire as Trump seeks to overcome barriers to Iran deal The GuardianLive updates: Israel and Lebanon agree to implement ceasefire as US-Iran talks remain in flux CNNIsrael and Lebanon renew ceasefire on condition Hezbollah holds its fire France 24Israel and Lebanon Agree to Renew Cease-Fire The New York Times
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U.S. says it plans extra tariffs of 10% or more for most trading partners after forced labor probe PBSTrump to impose tariffs on dozens of nations, citing claims of forced labor The Washington PostPM says Australia has 'ideological disagreement' with US after it reveals anti-slavery tariff Australian Broadcasting Corporation
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The Federal Reserve served up a widely expected third consecutive jumbo rate hike when it concluded its regularly scheduled two-day meeting on Wednesday. Chair Jerome Powell and the rest of the Federal Open Market Committee (FOMC) raised the federal funds rate by 75 basis points. (A basis point equals 0.01%.)
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Although the move matched consensus expectations, a significant portion of the bond market - and plenty of traders and tacticians, for that matter - were bracing for a whopping 100 bp rate hike. Uncertainty over just how hawkish the Fed would reveal itself to be has cast a pall on equities over the preceding weeks, and so a rate hike of "only" three-quarters of a percentage point was actually met with some relief. Stocks sold off sharply when the Fed released its statement at 2 p.m. Eastern, but then drifted back into positive territory during Powell's press conference, which began a half-hour later.
Ultimately, however, the major indexes finished in the red. That's because the Fed's bottom line is that inflation is by no means under control. And while there might be ample anecdotal and emotional evidence pointing to the contrary, the economy is simply running too hot. An imbalance in supply and demand in the labor market and related strong real wage growth, snarled supply chains and a rising dollar are just some of the factors confounding monetary policymakers - not to mention corporate revenues and profit margins.
As we've
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