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The Federal Reserve voted to cut interest rates Wednesday by another quarter percent, in an effort to prop up a sagging job market. Fed officials warned they'll be cautious about more cuts in 2026.
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The maker of Zepbound reported results from a study of retatrutide, which targets three hormones in the body and led to much more weight loss than any approved drug.
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Mexico approves up to 50% tariffs on China and other countries BBCMexico Approves Up to 50% Tariffs on Chinese, Asian Imports Bloomberg.comMexico Approves 50% Tariffs on Many Chinese Imports The New York TimesExclusive: Mexico tariff hike to hit $1 billion India car exports despite automaker lobbying Reuters
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The Federal Reserve on Wednesday made its final final interest rate move of the year.
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‘Trump Gold Card' launches, offering expedited immigration pathway with a $1 million fee CNNTrump launches $1m 'gold card' immigration visas BBCWhat to know about $1M Trump Gold Card visa program thehill.comWhat Is a Trump Gold Card? Applications Open for Million-Dollar Visas. The New York TimesTrump unveils Gold Card for fast-tracked U.S. residency for $1 million Axios
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House Gives Bipartisan Approval to $900 Billion Defense Bill The New York TimesDespite opposition, US House passes record $901bn defence spending bill Al JazeeraCompromise NDAA would let DoD promote civilians faster, increase cyber pay Federal News NetworkHouse passes defense bill to raise troop pay and overhaul weapons purchases AP News
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Trump launches $1m 'gold card' immigration visas BBCShame Indian students have to leave: Trump on need for new immigration rules Hindustan TimesWhat to know about $1M Trump Gold Card visa program thehill.comWhat Is a Trump Gold Card? Applications Open for Million-Dollar Visas. The New York Times
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The Fed approved a much-anticipated quarter percentage point interest rate cut at a meeting that was packed with intrigue and surprises.
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WHAT are Republican lawmakers in politics to achieve? Not many years ago, at the peak of their outrage over Barack Obama''s economic stimulus package, 'balanced budgets' might have featured in the answer. But the frenzied passage of the Tax Cuts and Jobs Act through Congress has revealed the insincerity of the party''s fiscal moralising. Republicans in Congress do not oppose government borrowing when it suits them. Rather, the overarching policy objective that unifies them is cutting taxes—and damn the fiscal consequences. Following the passage of the tax bill through the Senate in the early hours of December 2nd, Republicans are on the brink of achieving their goal.On November 30th budget scorekeepers unveiled a forecast for how much extra economic growth the tax bill might spark: enough to pay for about one third of its $1.5trn cost. Previously, Republicans might have viewed this projection as a triumph. They have long pressed for budget forecasts to include such 'dynamic' effects (see blog). But the score briefly seemed to imperil the bill. It undermined the absurd claim, made by the Republican leadership and the Trump administration, that tax cuts would pay for themselves in full. No serious economist ever thought this credible. Yet the official score seemed to blow Republicans'' ...
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