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Live Updates: Supreme Court Strikes Down Louisiana Map in Voting Rights Case The New York TimesWith supreme court ruling, Republicans able to marginalize Black political power The GuardianSupreme Court weakens a landmark Civil Rights-era law and aids GOP efforts to control the House AP NewsThomas leaves nothing left unsaid on racial gerrymandering decision: ‘go further' Fox News
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Meta lifts capital expenditure forecast, doubling down on AI push Yahoo FinanceMeta's Reality Labs lost over $4 billion in first quarter CNBCMeta beats estimates but soaring AI spending rattles investors Yahoo! Finance CanadaMeta Raises Outlook for Capital Spending in 2026; Shares Slide Bloomberg.com
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Ford Motor said it expected the federal government to refund $1.3 billion the company paid in tariffs that the Supreme Court later struck down.
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Johnson puts down GOP revolt that left House agenda in limbo AxiosJohnson quells House GOP revolt to advance controversial surveillance bill The Washington PostSpeaker Johnson one step closer to renewing controversial spy program after conservatives fall in line Fox NewsHouse Republicans delay farm bill vote after internal revolt Politico
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President Donald Trump's "reciprocal" tariffs were deemed unconstitutional by the Supreme Court, but some sector-specific tariffs remain in place.
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Disruption. It's coming for the U.S. dollar in the form of digital currency. Last week the Biden administration detailed a broad plan for adopting a central bank digital currency (CBDC) in the coming years. The Departments of Energy, Commerce, the Treasury, and other agencies weighed in on how to manage and regulate a CBDC.
The government is reacting in part to the explosive growth of digital currencies. About three out of ten U.S. adults currently invest in some form of cryptocurrency, or "crypto," like Bitcoin or Ethereum. These digital "coins" rely on a decentralized network of computers to verify financial transactions, cutting out third parties like banks or credit cards.
The good, the bad, and the ugly of crypto
Advocates of crypto point to its affordability, efficiency, and its ability to reach consumers with little or no access to traditional banking services. With just a mobile phone or a crypto ATM, consumers can easily send and receive digital currency, even across international borders.
On the other hand, crypto is still largely unregulated and volatile. Investors in Bitcoin, for example, saw returns of over 70% in 2021, but the currency is down almost 60% year to date. And if you send your payment to the wrong account (called a "digital wallet") there may be no way to retrieve it. Crypto has also been used for money laundering, fraud, and to fund terrorism. Several
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