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U.S. markets have been fairly calm so far in 2026, but that hasn't stopped the Cboe Volatility Index, better known as the VIX or the stock market's "fear gauge," from creeping higher.
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While some experts doubt the measure will actually become reality, they thought it would disproportionately curb rewards for lower-income spenders if enacted, while high-flyers would be able to keep cashing in on rewards.
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Nobel Committee Takes Heat at Home as Machado Courts Trump in D.C. The New York TimesTrump set to meet Venezuelan opposition leader after cozying up to Maduro's successor ABC30 FresnoTrump, Machado eye different prizes at high-stakes meeting The HillVenezuelans Say Machado Should Lead Country After Maduro's Capture Bloomberg.com
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Federal Agent Shoots Man in Minneapolis, Prompting Tense Protests The New York TimesICE agent shoots Minneapolis man in the leg BBCPerson shot in leg by federal law enforcement in Minneapolis after assaulting an officer, DHS says CNNShooting involving federal law enforcement reported in Minneapolis; two in hospital, including federal officer KTTCFederal agent shoots man in Minneapolis as tensions in city run high The Guardian
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Nolan Arenado expects hitting adjustments to pay dividends for Diamondbacks Arizona SportsNew D-back Arenado: Expectations still high ESPNNolan Arenado trade is win for Diamondbacks amid limited options for Cardinals Yahoo SportsArenado Trade Clouds Lawlar's Fantasy outlook CBS Sports
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The tariffs will allow President Trump to take a cut of Nvidia's chip sales to China while putting off a decision about imposing higher taxes on the chip industry.
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After two years of shipping delays and rising delivery costs, relief is in sight. By the end of the year, a marked improvement will be seen compared with a year ago.
The numbers of new drivers and trucks have picked up, easing constraints, though chassis shortages will likely continue into 2023. Spot market rates for trucks, excluding fuel surcharges, have dropped 30% from their peak earlier this year. They should decline a bit more, ending 2023 about 5% above their prepandemic level, according to Avery Vise, Vice President of Trucking at FTR Transportation Intelligence. Contract rates are typically slower to respond, and should ease to 17% above their prepandemic level by the end of 2023. Also, diesel prices are still 65% above prepandemic, so fuel surcharges will continue to be higher than normal. However, if a recession happens next year, then both volumes and rates will tumble.
SEE MORE 5 Stocks Making the Most of Supply-Chain Issues
Congestion at East Coast ports should ease in the next few months as a new labor contract is likely to be signed for West Coast dockworkers, allowing more vessels to return to using West Coast ports. Ship traffic from Asia is easing as 70% of retailers shipped early this year ahead of the holiday season, after getting burned last year, according to Ken Hoexter, a managing director at Bank of America. Ocean freight rates from China to the West Coast have fallen to $3,900 per 40-foot container, though that is still $2,500 more than the prepandemic average.
Rail freight is the problem child, according to Todd Tranausky, vice president of rail & intermodal at FTR. Freight has been moving at slower than normal speeds this year because of crew staffing shortages. Prior to the pandemic, the railroads embarked on a cost-cutting and labor-saving spree, reducing the wor
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