Finance
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Bitcoin rebounds to $70k after losing post-2024 election gains
The drop comes despite expectations that Trump’s pro-crypto policies, including a crypto-friendly Securities and Exchange Commission and plans for a national bitcoin reserve.
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Everyday Economics: Fiscal reality meets Central Bank caution in week ahead
At Davos, Citadel CEO Ken Griffin pointed to Japan's bond selloff – where super-long yields surged and 40-year yields hit record highs – as an "explicit warning" about what happens when investors start to doubt a government's fiscal trajectory.
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Trump administration strikes $250 billion trade deal with Taiwan in midst of tech battle with China
The deal directs Taiwanese semiconductor and technology companies to directly invest at least $250 billion in building and expanding advanced semiconductor, energy, and artificial intelligence production and innovation capacity in the United States.
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Treasury announces US collected record $16.3 billion in customs duties in April
The new numbers mean that the United States has collected a total $63.3 billion in customs duties since the start of the current fiscal year, which began last October. The number is also a $15.4 billion increase from the same period last year.
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Stock market sees major boost over China-US trade truce
The Dow Jones Industrial Average ended its day with a 1,160 point (2.81%) gain, while the Nasdaq Composite closed with a 4.35% boost and the S&P 500 closed with a 3.26% increase.
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Bessent says US is negotiating with 17 out of 18 major trade partners
Hours after his testimony, officials indicated that formal trade negotiations with China could take place as early as Thursday, when the secretary travels to Switzerland.
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Warren Buffett announces plan to retire as Berkshire Hathaway CEO at end of the year
Buffett didn’t take questions from shareholders about the planned retirement.
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Dow Jones bounces back with 1,000 point gain amid optimism regarding US-China trade war
All three major stock market indexes closed with gains, with the Dow Jones Industrial Average gaining 1,016.57 points, or 2.66%, at the close of business. The S&P 500 rose by 2.51%, while the Nasdaq Composite gained 2.71%.
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Stock market dips as federal reserve chairman warns of possible tariff impact on inflation
The warning caused the Dow Jones Industrial Average to drop nearly 700 points (1.73%) at the close of day. The S&P 500 fell 2.24%, and the Nasdaq Composite closed with a 3% loss.
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Dow drops more than 1,000 points amid tumultuous week for stock market
The stock market has primarily seen a decline over the past week, after Trump announced steep tariffs on some of the U.S.'s trading partners. But it saw an increase on Wednesday.
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Stock markets surge after Trump announces pause on tariffs, Dow closes with 2,900 point gain
The president announced he was pausing tariffs on dozens of countries, except for China, which will see a 125% tariff. Trump says he made the decision to pause tariffs after more than 75 countries have called to "negotiate a solution."
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China increases tariffs on US goods to 84% following Trump's tariff increases
China’s tariff commission said the country's higher tariffs on U.S. goods will begin Thursday.
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Stock market continues to slump over Trump tariffs
The stock market has been on a downward trend over the past week, after President Donald Trump announced his global tariffs on Wednesday, with some markets recording their worse day in several years.