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Oscar De La Hoya joins the battle on Capitol Hill to reinvent boxing
Boxing’s future as both a sport and a business was front and center on Capitol Hill this week, where lawmakers and industry leaders discussed whether a fragmented system that has…
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Iran Begins Collecting Strait of Hormuz Tolls, Escalating Global Energy Tensions
TEHRAN — Iran has begun collecting transit fees from vessels passing through the Strait of Hormuz, a move that is raising alarm across global energy markets and intensifying tensions with…
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U.S. Reclassifies Marijuana to Schedule III in Historic Federal Policy Shift
WASHINGTON, D.C. — The U.S. Department of Justice on Thursday announced a sweeping change to federal drug policy, reclassifying certain marijuana products under Schedule III of the Controlled Substances Act,…
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Meta to Cut 8,000 Jobs as Zuckerberg Accelerates AI-Driven Restructuring
MENLO PARK, Calif. — Meta Platforms Inc. is moving aggressively to reshape its workforce around artificial intelligence, with Chief Executive Officer Mark Zuckerberg informing employees Thursday that the company will…
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White House accuses China of ‘industrial-scale’ AI technology theft weeks ahead of Trump-Xi summit
The White House Office of Science and Technology Policy accused China of “industrial-scale” AI technology theft in a scathing Thursday memorandum just weeks before President Donald Trump is set to meet…
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Eric Trump-backed robot startup lands $24M Pentagon deal to compete with China
The future of American defense is undergoing a high-tech revolution as the Pentagon has awarded a multimillion-dollar contract to test heavy-duty humanoid robots. Foundation Future Industries recently secured the $24…
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Ted Cruz pours cold water on Trump admin plan to bail out Spirit Airlines: ‘TERRIBLE idea’
Sen. Ted Cruz, R-Texas, came out full throttle against the Trump administration’s proposed plan to bail out Spirit Airlines on Wednesday. Cruz replied to reports that the administration’s plan would…
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Sentrycs Anti-Drone System Selected to Secure World Cup Venues Across North America
TEL AVIV — A cutting-edge anti-drone platform developed by Israel-based Sentrycs, now part of U.S.-listed Ondas Holdings Inc. (NASDAQ: ONDS), has been selected to help secure venues for the upcoming…
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GOLD AND SILVER PRICES FALL THURSDAY AS OIL SOARS
Gold and silver prices dropped sharply Thursday, influenced by rising global oil prices and stalled U.S.-Iran talks. This shift highlights how geopolitical risks impact commodities.Continue Reading
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Warner Bros. Discovery shareholders approve Paramount Skydance deal
Warner Bros. Discovery Inc. announced on Thursday that its shareholders voted to approve its previously announced transaction with Paramount Skydance Corp. at a special meeting of stockholders. “Shareholder approval marks…
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THE MORNING AFTER THE RECORD: STOCKS RETREAT AS BLACKSTONE SOARS, IRAN SHADOWS WALL STREET, AND ANALYSTS CALL FOR S&P 500 AT 8,100 BY YEAR-END
U.S. equities pulled back at Thursday’s open, pausing after a historic run that pushed both the S&P 500 and Nasdaq to fresh record highs a day earlier, as investors weighed…
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Party City expands footprint through Staples partnership after store closures
Party City is expanding its retail footprint into more than 700 Staples stores nationwide, marking a major distribution push after shuttering hundreds of locations in recent years. The partnership, announced…
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U.S. Existing-Home Sales Fall in March as High Mortgage Rates Keep Buyers on the Sidelines
U.S. existing-home sales fell in March, extending a sluggish start to the spring selling season as elevated borrowing costs and strained affordability continued to weigh on demand. The National Association…
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Fed Minutes Show Officials Still Lean Toward 2026 Rate Cuts Despite Middle East Oil Risk
Federal Reserve officials still expected interest-rate cuts later this year even as fighting in the Middle East threatened to lift oil prices and complicate the inflation outlook, underscoring a central…
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Californians flee high costs – and many come out ahead financially, study finds
A growing number of Californians are fleeing the Golden State as the cost of living climbs, and many are coming out ahead financially. Facing sky-high housing prices and rising everyday…
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CEO: Miami’s luxury boom fuels ‘mecca’ for wealthy as other buyers feel priced out
EXCLUSIVE: The great American wealth migration has officially reached its “mecca” phase. As tech titans like Mark Zuckerberg and Larry Page lead a billion-dollar exodus from high-tax strongholds in California…
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Older Americans Are Leaving the Workforce, Reshaping the U.S. Labor Market
The U.S. labor market is changing in a way that goes beyond immigration and hiring cycles: older Americans are stepping out of work in growing numbers, tightening labor supply and…
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Uber riders complain they were charged more for paying with Amex cards—one viral video shows a $13 difference
We’ve all been there: at an airport after landing from a long-haul flight; at a bar staying out late with friends; leaving from a packed concert or sporting event, and…
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U.S.-Iran Ceasefire Faces Early Strains as Israel Opens Lebanon Channel and Shipping Risks Stay in Focus
A tentative ceasefire between the United States and Iran entered a fragile new phase on Thursday, with regional diplomacy expanding to Lebanon even as military pressure and shipping concerns kept…
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Young Adults Are Showing More Interest in Construction, but Builders Still Face a Hiring Gap
Construction employers are seeing a modest improvement in how younger workers view the trades, but the industry still confronts a stubborn labor shortage that threatens housing supply and project timelines.…
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The Strait of Hormuz chaos is just a ‘dry run’ for if war breaks out between the U.S. and China, Singapore foreign minister says
Today’s tumult in the Strait of Hormuz may be a dress rehearsal for tomorrow’s war in the Pacific, according to Singapore Foreign Minister Vivian Balakrishnan. The city-state considers both the…
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Major airline axes 20,000 ‘unprofitable’ flights as jet fuel costs soar
Lufthansa is cutting roughly 20,000 short-haul flights this summer, citing a spike in jet fuel prices that has rendered many routes “unprofitable” as the global aviation industry grapples with rising…
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Trump administration reportedly nears $500 million rescue deal for Spirit Airlines
The Trump administration is nearing a rescue package for Spirit Airlines that could provide up to $500 million in financing to the struggling budget carrier, The Wall Street Journal reported.…
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Record numbers of kids are enrolling in state-funded preschool as Trump pushes states to cover costs amid federal funding for wars
The number of 4-year-olds attending state-funded preschools reached record highs last school year, driven by states embracing universal access and an unprecedented $14.4 billion in spending. State-funded preschool enrollment in…
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Tesla Beats Earnings but Stock Reverses as Musk Unveils $25 Billion Spending Surge and Expands Robotaxi Push
AUSTIN, Texas — Tesla Inc. reported stronger-than-expected first-quarter earnings Wednesday, but shares gave up early gains after CEO Elon Musk and CFO Vaibhav Taneja revealed a sharp increase in capital…
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Cantaloupes recalled nationwide over salmonella fears — what shoppers need to know
A Florida produce distributor has recalled thousands of cantaloupes due to a potential risk of salmonella contamination, and now the U.S. Food and Drug Administration (FDA) is warning of an…
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Egg Prices Crash as Supply Rebounds; Now Stabilizing at $2.25–$2.50 a Dozen, With Some Discounts Below $0.70
WASHINGTON, D.C. — U.S. egg prices have stabilized at roughly $2.25 to $2.50 per dozen nationwide, a sharp reversal from the historic spikes seen during the height of the avian…
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Beef is becoming a luxury as prices stay at record highs. They likely won’t come down until 2028, says expert
If you walked right past the meat aisle on your last trip to the grocery store, you’re not the only one. Beef is starting to feel like a luxury as…
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United Airlines Cuts 2026 Profit Forecast as Fuel Costs Surge on Iran Conflict, CEO Kirby Says Demand Remains Strong
CHICAGO — United Airlines Holdings Inc. (NASDAQ: UAL) cut its full-year profit outlook nearly in half, becoming the first major U.S. carrier to formally reset expectations as jet fuel prices…
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Southwest Air drops as US airlines contend with soaring fuel
Southwest Airlines Co. reported adjusted quarterly profit and revenue that fell just shy of Wall Street’s expectations, as the US carrier joins rivals in grappling with higher fuel costs. Shares…
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U.S. Launches CAPE Portal to Streamline Tariff Refunds — Billions in Business Relief Now Accessible
WASHINGTON, D.C. — U.S. importers now have a direct path to recovering billions of dollars in tariff payments after U.S. Customs and Border Protection (CBP) officially launched a new online…
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Negative Equity in Auto Trade-Ins Hits First-Quarter Record as Longer Loans Deepen Consumer Debt
U.S. car buyers entered the spring selling season with a record amount of debt attached to their trade-ins, a sign that elevated vehicle prices and extended loan terms continue to…
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Seattle could lose hundreds of millions in tax revenue as Starbucks expands in Tennessee
Seattle could lose hundreds of millions of dollars in tax revenue as Starbucks expands operations in Tennessee, a local outlet estimates. Fox 13 Seattle reported Tuesday that the Emerald City…
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LARRY KUDLOW: Will economic starvation bring Iran to their unconditional knees?
“The blockade scares them even more than the bombing — they’ve been bombed for years, but the blockade they hate.” That’s President Trump talking to Fox News’ Martha MacCallum in…
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Trump Signals He Will “Remember” Which Companies Don’t Pursue Tariff Refunds After Court Ruling
President Donald Trump said he will be paying attention to whether major companies seek refunds tied to tariffs that the U.S. Supreme Court ruled unlawful, injecting a new political calculation…
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Lululemon names former Nike executive O’Neill its next CEO
Lululemon Athletica Inc. named Heidi O’Neill its new chief executive officer on Wednesday as the athletic retailer looks to move beyond a turbulent period of slowing growth and investor unrest.…
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Two dead, dozens hospitalized after a gas plant leak in West Virginia’s ‘chemical valley’
A chemical leak at a West Virginia silver recovery business on Wednesday killed two people and sent 19 others to the hospital, including one in critical condition, authorities said. The…
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GOP senator blocking Warsh makes his stand on market stability
The one man blocking Donald Trump from installing Kevin Warsh as his new Federal Reserve chair has drawn a red line: the stability of the US financial markets. Republican Thom…
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U.S. Land Prices Surge as Buildable Supply Tightens, Adding Pressure Across Housing Market
U.S. land prices have climbed sharply since before the pandemic, underscoring how a persistent shortage of buildable lots now extends beyond homes and into the raw material of residential development…
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Best Buy CEO Corie Barry is stepping down: How she went from architect of a comeback to cautionary tale
When Corie Barry was named CEO of Best Buy seven years ago this month, hopes were high that the electronics retailer would build on a period of successful reinvention. After…
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Renting Beats Buying in Every Major U.S. Metro as High Ownership Costs Keep First-Time Buyers on Sidelines
Renting now costs less than buying a starter home in all 50 of the largest U.S. metropolitan areas, a striking sign that elevated mortgage rates and still-high home prices continue…
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Federal appeals court blocks California law requiring federal agents to wear badges or ID because it ‘attempts to directly regulate the U.S.’
An appeals court has blocked a California law passed in 2025 requiring federal immigration agents to wear a badge or some form of identification. The Trump administration filed a lawsuit in November…
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Bessent torches Democrat’s ‘sanctions relief’ claims, calls $14B Iran/Russia charge a DNC talking point
Treasury Secretary Scott Bessent pushed back Wednesday after Sen. Chris Coons, D-Del., suggested temporary sanctions relief for Iran has granted the country $14 billion during the war. During a fiery…
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Atkins Rolls Out Major SEC Overhaul to Jumpstart IPO Market and Cut Disclosure, Legal, and Activist Pressures
The agency’s three-pillar reform agenda targets disclosure burdens, litigation risks, and shareholder activism, aiming to reverse a decades-long decline in public listings WASHINGTON — Paul S. Atkins, Chairman of the…
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U.S. Fourth-Quarter Growth Revised Down to 0.5% as Consumer Spending and Investment Weaken
U.S. Fourth-Quarter Growth Revised Down to 0.5% as Consumer Spending and Investment Weaken
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Jamieson Greer Calls for ‘National Security Premium’ on Critical Minerals to Reduce China Dependence, as Allies Caution on Retaliation
U.S. Trade Rep. Greer emphasizes paying a ‘national security premium’ for secure mineral sources, challenging decades-old cost-focused trade mindsets.Continue Reading
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U.S. Property Taxes Climb Again in 2025, Adding Pressure on Homeowners as Values Cool
U.S. Property Taxes Climb Again in 2025, Adding Pressure on Homeowners as Values Cool
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Kevin O’Leary reveals the only two cryptocurrencies he says are worth owning
Kevin O’Leary is narrowing his crypto strategy after years of experimenting across the digital asset space, arguing that most tokens have failed to justify their place in portfolios as institutional…
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Argan’s Earnings Beat Puts Focus on Data Center Buildout as Reporting Season Nears
Argan’s Earnings Beat Puts Focus on Data Center Buildout as Reporting Season Nears
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Iran has Trump caught on the same math that Ukraine is using against Putin: $1 million missiles, $20,000 drones
It may sound hard to believe, but the almost trillion-dollar U.S. military is struggling to fight cheap drones in its war with Iran. Iran has built a simple drone, the…
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