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Elon Musk is looking to cut government waste. Here's what the US spends money on right now.

Trump selected Elon Musk and Vivek Ramaswamy to identify areas to cut government spending. The US s…

Ayelet Sheffey,Madison Hoff   


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Trump could push the US debt to levels that cannot be ignored by the end of 2025, BlackRock's bond chief says

Trump's plans would likely add large amounts to the US debt pile, economists have predicted. The na…

Jennifer Sor   


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Bringing manufacturing back to the US is a $10 trillion opportunity for the economy, Morgan Stanley says

Bringing industrial production back to the US could restore growth to the manufacturing sector afte…

Jennifer Sor   


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Ballooning US debt could cause the next financial crisis and neither candidate has a plan to address it, former FDIC Chair says

Policy proposals from both Trump and Harris would add trillions to US debt, which could hurt invest…

Kelly Cloonan   


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Decreased oil exports, because of lower crude prices increasing India's trade deficit, says CRISIL

India's oil exports have been impacted by the fall in crude oil prices, leading to a contraction in…

ANI   


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The IMF slams the US with urgent warnings over its debt, deficits, and trade barriers

While the IMF touted "remarkable" US growth, Washington needs to urgently address stability issues …

Filip De Mott   


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Russia's lucrative oil and oil industry is an easy target for Europe after Trump's election victory

The European Commission's president said the European Union could boost US liquified natural gas pu…

Huileng Tan   


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Trump's policies could usher in stagflation and send stock prices plummeting, 'Dr. Doom' economist says

Some of Trump's policies could lead to stagflation, which involves soaring inflation, high interest…

Jennifer Sor   


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Global manufacturing is poised for a temporary boom ahead of possible Trump tariffs, economists say

Businesses may rush to front load imports into the US to avoid higher tariffs after Trump takes off…

Huileng Tan   


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Trump is about to make the Fed's job a lot harder

Trump's plans for tariffs could stoke inflation and make the Fed's interest-rate decisions more com…

Jennifer Sor   


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Trump's presidency will hurt Europe's economic growth amid renewed trade tensions, Goldman Sachs says

Europe could face a 0.5% hit to GDP in a second Trump presidency amid increased trade policy uncert…

Kelly Cloonan   


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A Trump win could prompt the Fed to hit pause on its rate-cutting cycle, JPMorgan strategy chief says

A Trump win would likely come with a host of inflationary policies that would make it difficult for…

Kelly Cloonan   


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The possibility of stagflation hitting the US economy isn't off the table, JPMorgan chief Jamie Dimon says

JPMorgan Chase CEO Jamie Dimon said the worst outcome for the US economy is stagflation, and it isn…

Kelly Cloonan   


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Russia's defense sector is running on overdrive — but firms are warning of bankruptcy

Russia has almost tripled defense spending for the Ukraine war, but rising inflation and interest r…

Thibault Spirlet   


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Looser regulation would allow business-led growth to relieve the 'massive' deficit burden, BlackRock chief Larry Fink says

"We can do so much as a country right now. But we're inhibited by our controls," BlackRock CEO Larr…

Filip De Mott   


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FDIs may shift to US under Trump 2.0 but it is unlikely to severely impact FDIs inflow to India, says SBI Report

It added that if similar policies are reintroduced in Trump 2.0 also, it could create challenges fo…

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US Fed cuts interest rates by 25 bps, Powell notes Trump's victory to have no impact on policy decisions

The US Federal Reserve cut interest rates for the second time this year, lowering them to 4.5-4.75%…

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What can you expect from the US Fed meeting later this week? Here's all you need to know

The US Federal Reserve is widely expected to cut interest rates by 0.25% on Thursday, following a l…

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China's retirement crisis is here, and Beijing will be forced to keep raising the retirement age, demographer says

People 60 years and older are expected to make up nearly half of China's population by 2050, accord…

Jennifer Sor   


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Trump's 'over-the-top' tariffs will thrust the US back into an era of economic shocks, thank tank expert says

"An across-the-board tariff policy would take us not to a prosperous future but to a reactionary pa…

Filip De Mott