Trump Announces White House Hearing to Investigate Fed's Lisa Cook
A committee will evaluate the mortgage-fraud allegations made against Cook.
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Consumer Sentiment Drops, per Michigan Survey
The University of Michigan survey's headline index fell to 46.3 in its preliminary October reading, versus 48.1 in September.
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U.S. Stocks Rise as Mood in Markets Improves
U.S. stocks edged higher, with the Nasdaq seemingly shaking off concerns about the pace of AI growth that weighed on tech stocks Thursday.
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Canada Jobless Rate Edges Up With Another Drop in Employment
Canada's economy unexpectedly shed jobs for a second month running, nudging the unemployment rate up. Employers cut 68,300 jobs in September, Statistics Canada said.
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Affluent and Older Americans Got Much Richer in the Postpandemic Years
A Federal Reserve study found overall median net worth rose 2% between 2022 and 2025.
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Oil Prices Retreat After Trump Appears to Rule out Iran Strikes Before Midterms
Oil fell Friday after surging the previous day, as traders weighed Trump's pledge not to attack Iran before the U.S. midterm elections against persistent shipping risks in the Persian Gulf and production shut-ins in the Gulf of Mexico.
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Iran and Houthis Try to Regain Upper Hand in Hormuz With Spate of New Attacks
The clashes underscore the region's volatility and the difficulty that Trump faces keeping a lid on its conflicts at least until after midterm elections.
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China, EU Move Forward on Trade Relationship Talks
China and the EU said they reached an understanding on hybrid vehicles and progressed trade talks in other areas following meetings between EU's top trade negotiator and his counterpart in Beijing.
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Scrapped IPO of Nvidia-Backed Company Points to Limits of AI Boom
Australian cloud-computing firm Firmus Grid had sought a $30 billion valuation despite having only two operational data centers.
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U.S. Budget Deficit Jumps to Nearly $2 Trillion
U.S. finances are stuck in a rut that alarms policymakers, but hasn't moved them to change course.
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Trump Throws His Weight Behind Credit-Card Legislation Most Feared by Banks
The bill could upend the system that moves billions of dollars in fees that merchants hate and banks use to power rewards.