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Jerome H. Powell will remain a governor at the Federal Reserve after his term as chair ends, in a bid to guard against a further incursion by the Trump administration on the central bank's independence.
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LIV Golf reportedly loses Saudi funding as tour's future looks murky AxiosSaudi Arabia Pulls Funding From LIV Golf. Its Star Players Face a Painful Road Back. WSJSource: Some LIV players exploring potential of PGA Tour return ESPNLIV Golf postpones New Orleans event as state seeks return of $1.2m incentive funds The GuardianLIV to tell players, staff on Thursday about PIF funding cutoff: Report Golf Channel
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Despite strong cloud growth and a surge in Copilot adoption, Microsoft's latest results were overshadowed by an increase in AI spending.
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A key measure of inflation used by the Federal Reserve to set interest rates posted the biggest increase in March in almost three years, marking another major hurdle for a resilient but harried U.S. economy.
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Growth in headline figure obscures worse than expected $700mn increase in fee-paying assets
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Hegseth spars with lawmakers as Iran war's price tag hits $25 billion The Washington PostTakeaways From Hegseth's Testimony on Iran War and His Tenure The New York TimesHegseth faces further grilling over Iran war strategy and costs - US politics live The GuardianSix takeaways from Hegseth's first hearing since Iran war started The Hill
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Powell to remain as Fed governor, denying Trump a key vacancy AxiosFed holds rates steady but with highest level of dissent since 1992 CNBC‘They left me no choice': Powell isn't going anywhere—blocking Trump from another Fed appointee FortuneThe Fed will have a new leader, but Powell isn't leaving and that puts Trump's low interest rates on ice The Boston Globe
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Meta stock drops on capex increase while Alphabet's cloud business grows faster than rivals Amazon and Microsoft
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