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The S&P 500 index narrowly missed a fresh record close Wednesday and the Dow Jones Industrial Average finished with strong gains after the Federal Reserve's decision to deliver a final quarter-point rate cut for 2025, which gave investors optimism that equities can keep climbing through year-end.
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The central bank's decision to lower interest rates for a third straight meeting was highly contentious, reflecting an internal divide that will likely limit how much borrowing costs will fall next year.
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Three members of the Federal Open Market Committee didn't agree with the central bank's quarter percentage point cut on Wednesday.
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Mets did not make an offer to Pete Alonso before he agreed to Orioles deal: Sources - The Athletic The New York TimesSources: O's, Alonso finalizing 5-year, $155M deal ESPNMLB free agency 2025: Live updates from winter meetings as Pete Alonso reportedly signs with Orioles, Edwin Diaz joins Dodgers Yahoo SportsWhy Mets never even bothered making Pete Alonso an offer New York Post
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Tax-rebate checks are expected to arrive in the second quarter for consumers, but the bulk of relief from Trump's One Big Beautiful Bill Act is geared toward businesses
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The Federal Reserve on Wednesday made its final final interest rate move of the year.
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Tourists from 42 countries will have to submit 5 years of social media history to enter U.S. under Trump plan CBS NewsU.S. Plans to Scrutinize 5 Years of Social Media History for Foreign Tourists The New York TimesUS could ask foreign tourists for five-year social media history before entry BBCUS to require social media disclosure for visa-waiver requests Financial Times
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Oil major will cut investment over next five years from $30bn to $20bn
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The stellar growth of AI is set to continue next year despite its 'bubble-like boom' status according to PitchBook analysts, who believe the sector will represent more than half of all European VC deal value in 2026.
The post AI to make up more than half of European VC deal value next year despite ‘bubble-like boom': PitchBook appeared first on AltAssets Private Equity News.
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Used thoughtfully, AI becomes a powerful ally that helps startups transform potential into market success.
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WHAT are Republican lawmakers in politics to achieve? Not many years ago, at the peak of their outrage over Barack Obama''s economic stimulus package, 'balanced budgets' might have featured in the answer. But the frenzied passage of the Tax Cuts and Jobs Act through Congress has revealed the insincerity of the party''s fiscal moralising. Republicans in Congress do not oppose government borrowing when it suits them. Rather, the overarching policy objective that unifies them is cutting taxes—and damn the fiscal consequences. Following the passage of the tax bill through the Senate in the early hours of December 2nd, Republicans are on the brink of achieving their goal.On November 30th budget scorekeepers unveiled a forecast for how much extra economic growth the tax bill might spark: enough to pay for about one third of its $1.5trn cost. Previously, Republicans might have viewed this projection as a triumph. They have long pressed for budget forecasts to include such 'dynamic' effects (see blog). But the score briefly seemed to imperil the bill. It undermined the absurd claim, made by the Republican leadership and the Trump administration, that tax cuts would pay for themselves in full. No serious economist ever thought this credible. Yet the official score seemed to blow Republicans'' ...
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